Hilton Grand Vacations Inc. (NYSE:HGV – Get Free Report)’s stock price rose 6.7% during mid-day trading on Friday after the company announced better than expected quarterly earnings. The stock traded as high as $38.02 and last traded at $38.1180. Approximately 1,156,774 shares were traded during mid-day trading, an increase of 16% from the average session volume of 994,811 shares. The stock had previously closed at $35.71.
The company reported $4.03 earnings per share for the quarter, beating the consensus estimate of $1.08 by $2.95. Hilton Grand Vacations had a net margin of 2.86% and a return on equity of 20.40%. The firm had revenue of $1.96 billion for the quarter, compared to analysts’ expectations of $1.39 billion. During the same quarter last year, the company posted $0.60 EPS. The business’s quarterly revenue was up 50.8% on a year-over-year basis.
Hilton Grand Vacations declared that its board has approved a share buyback plan on Thursday, August 20th that permits the company to buy back $600 million in outstanding shares. This repurchase authorization permits the company to buy up to 17% of its shares through open market purchases. Share repurchase plans are typically a sign that the company’s leadership believes its shares are undervalued.
Key Hilton Grand Vacations News
Here are the key news stories impacting Hilton Grand Vacations this week:
- Positive Sentiment: Hilton Grand Vacations entered into an uncollared $200 million accelerated share repurchase agreement with Deutsche Bank. The transaction is expected to reduce shares outstanding and provide near-term support for per-share results. Hilton Grand Vacations Signs $200 Million Accelerated Share Repurchase Deal With Deutsche Bank
- Positive Sentiment: Third-quarter results significantly exceeded expectations: adjusted earnings were $4.03 per share versus consensus estimates near $1.01-$1.08, while revenue reached $1.96 billion against estimates of approximately $1.39 billion. Revenue rose 50.8% year over year, compared with $0.60 per share in the prior-year quarter. Hilton Grand Vacations Surpasses Q3 Earnings and Revenue Estimates
- Positive Sentiment: Management forecast 2026 adjusted EBITDA of $1.165 billion to $1.180 billion following a guidance reset, giving investors a clearer outlook for profitability and cash generation. Hilton Grand Vacations Forecasts 2026 Adjusted EBITDA
- Neutral Sentiment: Hilton Grand Vacations appointed Mike Riley as executive vice president and chief sales and marketing officer. The change could support future sales execution, although its financial impact is not yet clear. Hilton Grand Vacations Appoints Mike Riley
Analysts Set New Price Targets
Several research analysts have commented on HGV shares. Citigroup reissued a “market outperform” rating on shares of Hilton Grand Vacations in a research note on Friday, September 4th. Zacks Research lowered Hilton Grand Vacations from a “hold” rating to a “strong sell” rating in a research report on Monday, October 5th. Susquehanna decreased their price objective on shares of Hilton Grand Vacations from $50.00 to $39.00 and set a “neutral” rating for the company in a report on Thursday, October 15th. JPMorgan Chase & Co. started coverage on Hilton Grand Vacations in a research report on Thursday, October 8th. They set a “neutral” rating and a $39.00 price target on the stock. Finally, The Goldman Sachs Group reduced their price target on Hilton Grand Vacations from $40.00 to $35.00 and set a “neutral” rating on the stock in a research note on Friday. Four analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, Hilton Grand Vacations currently has an average rating of “Hold” and an average target price of $49.90.
Read Our Latest Research Report on Hilton Grand Vacations
Insiders Place Their Bets
In other news, insider Charles Corbin, Jr. sold 20,691 shares of the business’s stock in a transaction 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 sale, the insider owned 47,924 shares of the company’s stock, valued at $2,247,635.60. The trade was a 30.16% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 3.10% of the company’s stock.
Hedge Funds Weigh In On Hilton Grand Vacations
A number of institutional investors have recently bought and sold shares of HGV. BlackRock Inc. purchased a new position in Hilton Grand Vacations during the second quarter valued at $422,842,000. Dimensional Fund Advisors LP increased its position in Hilton Grand Vacations by 1.6% in the first quarter. Dimensional Fund Advisors LP now owns 3,869,731 shares of the company’s stock worth $151,375,000 after buying an additional 60,624 shares in the last quarter. Parsifal Capital Management LP bought a new position in shares of Hilton Grand Vacations in the second quarter worth about $108,863,038. TrinityBridge Ltd bought a new position in shares of Hilton Grand Vacations in the second quarter worth about $52,540,000. Finally, Iridian Asset Management LLC CT lifted 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 valued at $24,666,000 after buying an additional 251,068 shares in the last quarter. 97.23% of the stock is owned by institutional investors.
Hilton Grand Vacations Trading Up 7.0%
The stock has a 50 day moving average of $37.87 and a 200-day moving average of $44.66. The company has a market capitalization of $2.97 billion, a P/E ratio of 21.58, a P/E/G ratio of 0.36 and a beta of 1.61. The company has a current ratio of 5.02, a quick ratio of 3.20 and a debt-to-equity ratio of 6.18.
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.
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