Hilton Grand Vacations (NYSE:HGV) Shares Gap Down - What's Next?

Key Points

• Hilton Grand Vacations' stock price gapped down from $44.97 to $42.53 before opening on Wednesday, with a last trading price of $44.47 and a trading volume of over 1 million shares.
• Several analysts have revised their ratings and target prices for Hilton Grand Vacations, with Morgan Stanley lowering their target from $46.00 to $38.00, while Mizuho raised theirs from $73.00 to $76.00.
• Hilton Grand Vacations reported an EPS of $0.54 for the last quarter, missing estimates by $0.24, and its revenue of $1.27 billion fell short of the expected $1.38 billion.

Hilton Grand Vacations Inc. (NYSE:HGV - Get Free Report) shares gapped down prior to trading on Wednesday . The stock had previously closed at $44.97, but opened at $42.53. Hilton Grand Vacations shares last traded at $44.47, with a volume of 1,007,127 shares traded.

Analysts Set New Price Targets

HGV has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft set a $59.00 target price on shares of Hilton Grand Vacations and gave the stock a "buy" rating in a report on Monday, August 4th. Morgan Stanley dropped their price objective on shares of Hilton Grand Vacations from $46.00 to $38.00 and set an "overweight" rating on the stock in a report on Tuesday, April 22nd. Barclays boosted their price objective on shares of Hilton Grand Vacations from $42.00 to $49.00 and gave the stock an "equal weight" rating in a report on Friday, August 1st. JMP Securities restated a "market outperform" rating and set a $50.00 price objective on shares of Hilton Grand Vacations in a report on Monday, May 5th. Finally, Mizuho boosted their price objective on shares of Hilton Grand Vacations from $73.00 to $76.00 and gave the stock an "outperform" rating in a report on Friday, August 1st. One analyst has rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $53.43.

Hilton Grand Vacations Trading Down 1.9%

The business's 50 day moving average price is $44.52 and its 200-day moving average price is $40.42. The company has a current ratio of 4.43, a quick ratio of 2.77 and a debt-to-equity ratio of 4.31. The company has a market cap of $3.95 billion, a price-to-earnings ratio of 80.73, a PEG ratio of 3.79 and a beta of 1.65.

Hilton Grand Vacations (NYSE:HGV - Get Free Report) last released its earnings results on Thursday, July 31st. The company reported $0.54 EPS for the quarter, missing the consensus estimate of $0.78 by ($0.24). The firm had revenue of $1.27 billion during the quarter, compared to the consensus estimate of $1.38 billion. Hilton Grand Vacations had a net margin of 1.14% and a return on equity of 9.71%. Hilton Grand Vacations's quarterly revenue was up 2.5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.62 earnings per share. On average, equities analysts anticipate that Hilton Grand Vacations Inc. will post 3.39 EPS for the current fiscal year.

Hilton Grand Vacations declared that its board has initiated a share buyback plan on Wednesday, August 13th that authorizes the company to buyback $0.00 in outstanding shares. This buyback authorization authorizes the company to buy shares of its stock through open market purchases. Stock buyback plans are often a sign that the company's leadership believes its shares are undervalued.

Institutional Trading of Hilton Grand Vacations

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Assenagon Asset Management S.A. grew its position in Hilton Grand Vacations by 262.8% during the first quarter. Assenagon Asset Management S.A. now owns 50,342 shares of the company's stock valued at $1,883,000 after buying an additional 36,465 shares during the period. Deutsche Bank AG grew its position in Hilton Grand Vacations by 17.1% during the fourth quarter. Deutsche Bank AG now owns 139,410 shares of the company's stock valued at $5,430,000 after buying an additional 20,398 shares during the period. Bank of Montreal Can grew its position in Hilton Grand Vacations by 5.1% during the fourth quarter. Bank of Montreal Can now owns 7,447 shares of the company's stock valued at $290,000 after buying an additional 361 shares during the period. Point72 Asset Management L.P. purchased a new stake in Hilton Grand Vacations during the fourth quarter valued at about $311,000. Finally, GAMMA Investing LLC lifted its holdings in Hilton Grand Vacations by 9,418.9% during the first quarter. GAMMA Investing LLC now owns 17,134 shares of the company's stock valued at $6,410,000 after purchasing an additional 16,954 shares during the last quarter. Institutional investors own 97.23% of the company's stock.

About Hilton Grand Vacations

Hilton Grand Vacations Inc, a timeshare company, develops, markets, sells, manages, and operates the resorts, plans and ancillary reservation services under the Hilton Grand Vacations brand. It operates through Real Estate Sales and Financing, and Resort Operations and Club Management segments. Real Estate Sales and Financing segment market and sells the VOIs, and source VOIs through fee-for-service agreements with third-party developers; and provides consumer financing and services loans.