Hilton Grand Vacations (NYSE:HGV – Free Report) had its target price lowered by JPMorgan Chase & Co. from $39.00 to $38.00 in a research note issued to investors on Friday morning,Benzinga reports. JPMorgan Chase & Co. currently has a neutral rating on the stock.
A number of other equities research analysts have also recently issued reports on the company. Barclays lowered their price objective on Hilton Grand Vacations from $51.00 to $46.00 and set an “equal weight” rating on the stock in a research note on Friday, July 31st. The Goldman Sachs Group lowered their price target on shares of Hilton Grand Vacations from $40.00 to $35.00 and set a “neutral” rating on the stock in a report on Friday. Mizuho decreased their target price on Hilton Grand Vacations from $75.00 to $74.00 and set an “outperform” rating on the stock in a research note on Friday, July 31st. Weiss Ratings cut Hilton Grand Vacations from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, October 19th. Finally, Truist Financial decreased their target price 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. Three investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $49.80.
Get Our Latest Stock Analysis on Hilton Grand Vacations
Hilton Grand Vacations Stock Up 0.1%
Shares of NYSE HGV opened at $38.49 on Friday. Hilton Grand Vacations has a 1 year low of $33.99 and a 1 year high of $55.40. The firm has a market cap of $2.99 billion, a price-to-earnings ratio of 7.42, a PEG ratio of 0.39 and a beta of 1.61. The stock’s 50-day simple moving average is $37.74 and its 200-day simple moving average is $44.61. The company has a debt-to-equity ratio of 5.29, a quick ratio of 3.35 and a current ratio of 5.15.
Hilton Grand Vacations (NYSE:HGV – Get Free Report) last posted its quarterly earnings data on Thursday, October 29th. The company reported $4.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.08 by $2.95. Hilton Grand Vacations had a net margin of 7.02% and a return on equity of 39.73%. The business had revenue of $1.96 billion during the quarter, compared to the consensus estimate of $1.39 billion. During the same period in the prior year, the firm earned $0.60 EPS. Hilton Grand Vacations’s quarterly revenue was up 50.8% compared to the same quarter last year. As a group, equities analysts anticipate that Hilton Grand Vacations will post 4.48 earnings per share for the current fiscal year.
Hilton Grand Vacations declared that its Board of Directors has approved a share repurchase program on Thursday, August 20th that allows the company to repurchase $600 million in shares. This repurchase authorization allows the company to purchase up to 17% of its stock through open market purchases. Share repurchase programs are typically an indication that the company’s board believes its stock is undervalued.
Insider Buying and Selling at Hilton Grand Vacations
In other 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 value of $970,407.90. Following the sale, the insider directly owned 47,924 shares of the company’s stock, valued at approximately $2,247,635.60. The trade was a 30.16% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 3.10% of the stock is currently owned by insiders.
Institutional Investors Weigh In On Hilton Grand Vacations
A number of hedge funds have recently bought and sold shares of the company. Covestor Ltd boosted its holdings in shares of Hilton Grand Vacations by 17.3% during the 3rd quarter. Covestor Ltd now owns 1,800 shares of the company’s stock worth $62,000 after buying an additional 265 shares during the period. State of Wyoming boosted its holdings in Hilton Grand Vacations by 71.9% in the 3rd quarter. State of Wyoming now owns 10,226 shares of the company’s stock worth $354,000 after buying an additional 4,278 shares during the period. Iridian Asset Management LLC CT grew its stake in Hilton Grand Vacations by 54.5% in the 3rd quarter. Iridian Asset Management LLC CT now owns 711,664 shares of the company’s stock worth $24,666,000 after acquiring an additional 251,068 shares in the last quarter. Sterling Capital Management LLC increased its stake in shares of Hilton Grand Vacations by 912.6% in the third quarter. Sterling Capital Management LLC now owns 2,015 shares of the company’s stock worth $70,000 after acquiring an additional 1,816 shares during the period. Finally, State of Alaska Department of Revenue increased its stake in shares of Hilton Grand Vacations by 63.3% in the 3rd quarter. State of Alaska Department of Revenue now owns 9,611 shares of the company’s stock worth $333,000 after acquiring an additional 3,727 shares during the last quarter. 97.23% of the stock is currently owned by institutional investors.
Trending Headlines about Hilton Grand Vacations
Here are the key news stories impacting Hilton Grand Vacations this week:
- Positive Sentiment: Accelerated share buyback: HGV entered into an uncollared $200 million accelerated share-repurchase agreement with Deutsche Bank. The program should reduce shares outstanding, potentially support earnings per share, and signal management’s confidence in the stock’s valuation. Hilton Grand Vacations Starts Accelerated Share Buyback
- Positive Sentiment: Strong third-quarter earnings: Hilton Grand Vacations reported adjusted earnings of $4.03 per share, far above the $1.08 analyst consensus and up from $0.60 a year earlier. Revenue reached $1.96 billion versus the $1.39 billion estimate, increasing 50.8% year over year. The large earnings and revenue beats are the primary catalyst for the stock’s advance. Hilton Grand Vacations Surpasses Q3 Earnings and Revenue Estimates
- Positive Sentiment: Updated outlook: Management forecast 2026 adjusted EBITDA of approximately $1.165 billion to $1.180 billion following a guidance reset, giving investors a clearer view of expected profitability. Hilton Grand Vacations Forecasts 2026 Adjusted EBITDA
- Neutral Sentiment: HGV appointed Mike Riley as executive vice president and chief sales and marketing officer. The change could influence future sales execution, but its near-term financial impact is unclear. Hilton Grand Vacations Appoints Mike Riley
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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