Hilton Grand Vacations (NYSE:HGV) Stock Gets Price Target Cut from Barclays

Hilton Grand Vacations (NYSE:HGV) had its target price lowered by Barclays from $46.00 to $39.00 in a report published on Monday morning,Benzinga reports. The brokerage currently has an equal weight rating on the stock.

HGV has been the subject of a number of other research reports. Citizens Jmp lowered Hilton Grand Vacations from a “market outperform” rating to a “market perform” rating in a research note on Monday. Zacks Research downgraded Hilton Grand Vacations from a “hold” rating to a “strong sell” rating in a research note on Monday, October 5th. Wells Fargo & Company lowered their price target on Hilton Grand Vacations from $51.00 to $38.00 and set a “cautious” rating on the stock in a report on Monday, October 19th. The Goldman Sachs Group dropped their price target on Hilton Grand Vacations from $40.00 to $35.00 and set a “neutral” rating for the company in a research note on Friday, October 30th. Finally, Truist Financial dropped their price target on Hilton Grand Vacations from $71.00 to $69.00 and set a “buy” rating for the company in a research note on Thursday, September 10th. Two research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $49.10.

Hilton Grand Vacations Stock Up 5.1%

Hilton Grand Vacations stock opened at $43.89 on Monday. The stock has a market cap of $3.33 billion, a PE ratio of 8.46, a price-to-earnings-growth ratio of 0.30 and a beta of 1.60. The company has a debt-to-equity ratio of 5.29, a quick ratio of 3.35 and a current ratio of 5.15. Hilton Grand Vacations has a one year low of $33.99 and a one year high of $55.40. The stock has a fifty day moving average of $37.57 and a 200 day moving average of $44.53.

Hilton Grand Vacations (NYSE:HGV) last released its quarterly earnings results on Thursday, October 29th. The company reported $4.03 earnings per share for the quarter, topping the consensus estimate of $1.08 by $2.95. Hilton Grand Vacations had a net margin of 7.02% and a return on equity of 39.73%. The business had revenue of $1.96 billion for the quarter, compared to the consensus estimate of $1.39 billion. During the same period last year, the firm earned $0.60 earnings per share. The company’s quarterly revenue was up 50.8% on a year-over-year basis. As a group, sell-side analysts predict that Hilton Grand Vacations will post 6.38 EPS for the current year.

Hilton Grand Vacations declared that its board has approved a stock buyback plan on Thursday, August 20th that allows the company to repurchase $600 million in outstanding shares. This buyback authorization allows the company to purchase up to 17% of its shares through open market purchases. Stock buyback plans are typically a sign that the company’s board of directors believes its shares are undervalued.

Insider Buying and Selling

In other Hilton Grand Vacations news, insider Mark Wang acquired 12,200 shares of the company’s stock in a transaction on Monday, November 2nd. The stock was acquired at an average cost of $40.92 per share, with a total value of $499,224.00. Following the purchase, the insider directly owned 916,715 shares of the company’s stock, valued at approximately $37,511,977.80. This represents a 1.35% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. 3.10% of the stock is owned by company insiders.

Institutional Trading of Hilton Grand Vacations

A number of large investors have recently made changes to their positions in HGV. Fulcrum Asset Management LLP raised its position in Hilton Grand Vacations by 58.2% during the 3rd quarter. Fulcrum Asset Management LLP now owns 5,180 shares of the company’s stock valued at $185,000 after purchasing an additional 1,906 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in shares of Hilton Grand Vacations by 4.4% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 24,070 shares of the company’s stock worth $838,000 after buying an additional 1,018 shares during the period. Covestor Ltd grew its position in shares of Hilton Grand Vacations by 17.3% during the 3rd quarter. Covestor Ltd now owns 1,800 shares of the company’s stock worth $62,000 after buying an additional 265 shares in the last quarter. State of Wyoming grew its position in shares of Hilton Grand Vacations by 71.9% during the 3rd quarter. State of Wyoming now owns 10,226 shares of the company’s stock worth $354,000 after buying an additional 4,278 shares in the last quarter. Finally, Iridian Asset Management LLC CT grew its position in shares of Hilton Grand Vacations by 54.5% during the 3rd quarter. Iridian Asset Management LLC CT now owns 711,664 shares of the company’s stock worth $24,666,000 after buying an additional 251,068 shares in the last quarter. 97.23% of the stock is currently owned by institutional investors.

Hilton Grand Vacations Company Profile

Hilton Grand Vacations Inc (NYSE:HGV) is a global vacation ownership company that markets and sells vacation intervals, points-based memberships and related travel experiences. Its portfolio includes branded vacation ownership resorts and accommodations in popular leisure destinations, with products designed to provide members with recurring access to vacation properties.

The company also provides resort management, reservation and customer services, financing for vacation ownership purchases, and exchange and travel-planning services.