Hilton Grand Vacations Inc. (NYSE:HGV) Receives Consensus Recommendation of "Hold" from Analysts

Key Points

• Analysts maintain a consensus “Hold” rating on Hilton Grand Vacations, with eight holds and four buys among 12 firms. The average 12-month price target is $54.67.
• HGV shares opened at $35.56, near their one-year low of $34.95, while recent broker updates included multiple price-target cuts despite continued buy or outperform ratings from some firms.
• The company authorized a $600 million stock buyback, allowing it to repurchase up to 17% of outstanding shares. Its latest quarterly earnings missed analyst expectations, with EPS of $0.89 versus $0.94 forecast and revenue of $1.36 billion versus $1.38 billion expected.

Hilton Grand Vacations Inc. (NYSE:HGV - Get Free Report) has received a consensus rating of "Hold" from the twelve research firms that are covering the firm, Marketbeat reports. Eight research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $54.6667.

Several brokerages have recently issued reports on HGV. Citigroup reiterated a "market outperform" rating on shares of Hilton Grand Vacations in a research report on Friday, September 4th. Truist Financial reduced their price target on shares of Hilton Grand Vacations from $71.00 to $69.00 and set a "buy" rating for the company in a research report on Thursday, September 10th. Barclays reduced their target price on Hilton Grand Vacations from $51.00 to $46.00 and set an "equal weight" rating for the company in a report on Friday, July 31st. Morgan Stanley lowered their price target on Hilton Grand Vacations from $58.00 to $54.00 and set an "equal weight" rating on the stock in a research note on Tuesday, August 18th. Finally, Mizuho dropped their price target on Hilton Grand Vacations from $75.00 to $74.00 and set an "outperform" rating for the company in a research report on Friday, July 31st.

Hilton Grand Vacations Stock Down 0.1%

HGV stock opened at $35.56 on Tuesday. Hilton Grand Vacations has a one year low of $34.95 and a one year high of $55.40. The company has a debt-to-equity ratio of 6.18, a quick ratio of 3.20 and a current ratio of 5.02. The firm's fifty day moving average is $44.49 and its 200 day moving average is $46.15. The firm has a market cap of $2.76 billion, a PE ratio of 20.09, a P/E/G ratio of 0.35 and a beta of 1.50.

Hilton Grand Vacations (NYSE:HGV - Get Free Report) last announced its quarterly earnings results on Thursday, July 30th. The company reported $0.89 earnings per share for the quarter, missing the consensus estimate of $0.94 by ($0.05). The business had revenue of $1.36 billion during the quarter, compared to analysts' expectations of $1.38 billion. Hilton Grand Vacations had a net margin of 2.86% and a return on equity of 20.40%. Hilton Grand Vacations's revenue for the quarter was up 7.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.54 EPS. On average, research analysts forecast that Hilton Grand Vacations will post 4.61 EPS for the current year.

Hilton Grand Vacations announced that its board has initiated a stock buyback plan on Thursday, August 20th that permits the company to repurchase $600.00 million in outstanding shares. This repurchase authorization permits the company to reacquire up to 17% of its stock through open market purchases. Stock repurchase plans are often a sign that the company's management believes its shares are undervalued.

Insider Transactions at Hilton Grand Vacations

In other Hilton Grand Vacations news, insider Charles Corbin, Jr. sold 20,691 shares of the business's stock in a transaction that occurred on Thursday, August 6th. The shares were sold at an average price of $46.90, for a total transaction of $970,407.90. Following the completion of the transaction, the insider owned 47,924 shares in the company, valued at $2,247,635.60. The trade was a 30.16% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 3.10% of the company's stock.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of HGV. Tidal Investments LLC acquired a new position in Hilton Grand Vacations in the second quarter valued at $231,000. WINTON GROUP Ltd acquired a new position in Hilton Grand Vacations during the second quarter worth approximately $293,000. Engineers Gate Manager LP lifted its stake in Hilton Grand Vacations by 690.7% in the second quarter. Engineers Gate Manager LP now owns 41,535 shares of the company's stock valued at $2,175,000 after buying an additional 36,282 shares during the last quarter. Nykredit A S acquired a new stake in shares of Hilton Grand Vacations in the second quarter valued at approximately $38,000. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in shares of Hilton Grand Vacations during the second quarter worth about $450,000. Institutional investors and hedge funds own 97.23% of the company's stock.

About Hilton Grand Vacations

Hilton Grand Vacations Inc NYSE: HGV is a vacation ownership company that develops, markets, sells and manages timeshare interests and related vacation experiences. Its products generally provide members with an allotment of vacation time or points that can be used at participating resorts and accommodations.

The company serves vacation owners through resort properties and membership programs under brands including Hilton Grand Vacations, The Hilton Club and HGV Max. Its offerings may include access to resort accommodations, exchange programs, travel services and other member benefits.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.