Hilton Grand Vacations (NYSE:HGV) Cut to “Strong Sell” at Zacks Research

Zacks Research cut shares of Hilton Grand Vacations (NYSE:HGV) from a hold rating to a strong sell rating in a report published on Tuesday morning,Zacks.com reports.

Other equities analysts have also issued research reports about the company. Jefferies Financial Group raised their target price on Hilton Grand Vacations from $46.00 to $50.00 and gave the stock a “hold” rating in a research note on Monday. Weiss Ratings upgraded Hilton Grand Vacations from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, February 17th. Barclays dropped their target price on Hilton Grand Vacations from $49.00 to $48.00 and set an “equal weight” rating on the stock in a research report on Monday. Truist Financial decreased their price objective on shares of Hilton Grand Vacations from $62.00 to $59.00 and set a “buy” rating for the company in a research note on Friday, November 14th. Finally, Morgan Stanley reiterated an “equal weight” rating and issued a $49.00 price objective on shares of Hilton Grand Vacations in a research note on Friday, January 16th. Four research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, Hilton Grand Vacations presently has an average rating of “Hold” and a consensus price target of $51.78.

Hilton Grand Vacations Stock Performance

HGV opened at $45.27 on Tuesday. The company has a market cap of $3.69 billion, a P/E ratio of 49.75, a price-to-earnings-growth ratio of 1.10 and a beta of 1.43. The company has a quick ratio of 3.17, a current ratio of 5.20 and a debt-to-equity ratio of 5.04. The firm’s 50-day moving average price is $46.23 and its 200-day moving average price is $44.37. Hilton Grand Vacations has a 52-week low of $30.59 and a 52-week high of $52.08.

Hilton Grand Vacations (NYSE:HGV) last released its earnings results on Thursday, February 26th. The company reported $0.88 earnings per share for the quarter, missing the consensus estimate of $1.05 by ($0.17). The company had revenue of $1.33 billion for the quarter, compared to analysts’ expectations of $1.38 billion. Hilton Grand Vacations had a return on equity of 11.90% and a net margin of 1.60%.The firm’s revenue for the quarter was up 3.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.49 EPS. As a group, equities analysts anticipate that Hilton Grand Vacations will post 3.39 EPS for the current fiscal year.

Institutional Trading of Hilton Grand Vacations

Hedge funds have recently added to or reduced their stakes in the company. Securian Asset Management Inc. increased its stake in shares of Hilton Grand Vacations by 5.0% in the 3rd quarter. Securian Asset Management Inc. now owns 4,619 shares of the company’s stock valued at $193,000 after purchasing an additional 222 shares in the last quarter. Fifth Third Bancorp increased its position in shares of Hilton Grand Vacations by 5.7% in the fourth quarter. Fifth Third Bancorp now owns 4,449 shares of the company’s stock valued at $199,000 after buying an additional 238 shares in the last quarter. Quadrant Capital Group LLC raised its stake in shares of Hilton Grand Vacations by 13.2% during the 4th quarter. Quadrant Capital Group LLC now owns 2,501 shares of the company’s stock worth $112,000 after buying an additional 291 shares during the period. Waterway Wealth Management LLC lifted its position in shares of Hilton Grand Vacations by 4.3% during the 3rd quarter. Waterway Wealth Management LLC now owns 7,950 shares of the company’s stock valued at $332,000 after buying an additional 325 shares in the last quarter. Finally, GAMMA Investing LLC grew its stake in Hilton Grand Vacations by 60.6% in the 4th quarter. GAMMA Investing LLC now owns 925 shares of the company’s stock valued at $41,000 after acquiring an additional 349 shares during the period. 97.23% of the stock is owned by hedge funds and other institutional investors.

About Hilton Grand Vacations

Hilton Grand Vacations Inc is a leading developer and marketer of premium vacation ownership resorts. The company specializes in selling timeshare interests in vacation properties under the Hilton Grand Vacations brand, enabling members to purchase deeded real estate interests and utilize a points-based system for booking stays. Alongside new sales, the company provides ongoing management services for its portfolio of resorts, ensuring high standards of guest services, resort maintenance, and member engagement through its proprietary technology platform.

In addition to vacation ownership sales, Hilton Grand Vacations offers a comprehensive suite of membership benefits.