Hilton Grand Vacations (NYSE:HGV) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report released on Tuesday, Zacks.com reports. The firm currently has a $30.00 price objective on the stock. Zacks Investment Research‘s price objective suggests a potential upside of 13.77% from the stock’s previous close.
According to Zacks, “Hilton Grand Vacations Company, LLC, a division of Hilton Worldwide, is engaged in hospitality business. It markets and operates vacation ownership resorts. The company also manages and serves club membership programs which include Hilton Grand Vacations Club(R) and The Hilton Club(R). It operates primarily in USA, Indonesia, Italy, Mexico, New Zealand, Portugal, Scotland and Thailand. Hilton Grand Vacations Company, LLC is headquartered in Orlando, Florida. “
Other research analysts also recently issued reports about the stock. JPMorgan Chase & Co. downgraded shares of Hilton Grand Vacations from a “neutral” rating to an “underweight” rating and dropped their target price for the stock from $30.00 to $24.00 in a research report on Friday, August 2nd. Nomura reissued a “neutral” rating on shares of Hilton Grand Vacations in a research report on Thursday, August 1st. ValuEngine downgraded shares of Hilton Grand Vacations from a “hold” rating to a “sell” rating in a research report on Thursday, August 1st. Finally, TheStreet downgraded shares of Hilton Grand Vacations from a “b-” rating to a “c” rating in a research report on Tuesday, May 7th. Three research analysts have rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $36.20.
Hilton Grand Vacations stock opened at $26.37 on Tuesday. The stock has a 50 day moving average price of $31.09. The stock has a market capitalization of $2.24 billion, a P/E ratio of 8.65, a P/E/G ratio of 1.27 and a beta of 2.04. The company has a debt-to-equity ratio of 3.80, a quick ratio of 3.50 and a current ratio of 4.77. Hilton Grand Vacations has a fifty-two week low of $24.17 and a fifty-two week high of $33.99.
Hilton Grand Vacations (NYSE:HGV) last released its earnings results on Thursday, August 1st. The company reported $0.43 earnings per share for the quarter, missing the consensus estimate of $0.44 by ($0.01). The firm had revenue of $454.00 million during the quarter, compared to analysts’ expectations of $454.44 million. Hilton Grand Vacations had a return on equity of 46.30% and a net margin of 12.92%. The business’s revenue was down 19.4% on a year-over-year basis. During the same period last year, the business earned $1.10 earnings per share. As a group, research analysts predict that Hilton Grand Vacations will post 2.21 earnings per share for the current fiscal year.
In related news, insider Barbara L. Hollkamp sold 2,000 shares of the firm’s stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of $27.76, for a total transaction of $55,520.00. Following the completion of the sale, the insider now directly owns 53,547 shares in the company, valued at $1,486,464.72. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Leonard Potter purchased 10,000 shares of the firm’s stock in a transaction that occurred on Monday, May 13th. The shares were bought at an average price of $27.50 per share, with a total value of $275,000.00. Following the completion of the acquisition, the director now owns 72,348 shares of the company’s stock, valued at approximately $1,989,570. The disclosure for this purchase can be found here. Company insiders own 1.05% of the company’s stock.
Several hedge funds have recently bought and sold shares of HGV. California State Teachers Retirement System lifted its stake in Hilton Grand Vacations by 0.5% in the first quarter. California State Teachers Retirement System now owns 153,013 shares of the company’s stock valued at $4,720,000 after acquiring an additional 693 shares during the last quarter. TimesSquare Capital Management LLC lifted its stake in Hilton Grand Vacations by 13.4% in the first quarter. TimesSquare Capital Management LLC now owns 2,080,797 shares of the company’s stock valued at $64,193,000 after acquiring an additional 246,580 shares during the last quarter. Gateway Investment Advisers LLC lifted its stake in Hilton Grand Vacations by 10.7% in the second quarter. Gateway Investment Advisers LLC now owns 130,211 shares of the company’s stock valued at $4,143,000 after acquiring an additional 12,556 shares during the last quarter. Norges Bank acquired a new stake in Hilton Grand Vacations in the fourth quarter valued at approximately $33,159,000. Finally, Coronation Fund Managers Ltd. acquired a new stake in Hilton Grand Vacations in the first quarter valued at approximately $894,000.
About Hilton Grand Vacations
Hilton Grand Vacations Inc, a timeshare company, develops, markets, and operates vacation ownership resorts primarily under the Hilton Grand Vacations brand. The company operates in two segments, Real Estate Sales and Financing, and Resort Operations and Club Management. It sells vacation ownership intervals; manages resorts; operates a points-based vacation club; and finances and services loans provided to consumers for their timeshare purchases.
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