Hilton Grand Vacations (HGV) Raised to Hold at Zacks Investment Research

Zacks Investment Research upgraded shares of Hilton Grand Vacations (NYSE:HGV) from a sell rating to a hold rating in a report issued on Friday, Zacks.com reports.

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. “

Several other brokerages have also recently issued reports on HGV. Credit Suisse Group reiterated an outperform rating and set a $37.00 target price on shares of Hilton Grand Vacations in a report on Wednesday, March 20th. ValuEngine cut shares of Hilton Grand Vacations from a hold rating to a sell rating in a report on Monday, February 4th. SunTrust Banks increased their target price on shares of Hilton Grand Vacations to $51.00 and gave the stock a buy rating in a report on Friday, March 1st. They noted that the move was a valuation call. TheStreet upgraded shares of Hilton Grand Vacations from a c rating to a b- rating in a report on Tuesday, February 19th. Finally, JPMorgan Chase & Co. cut shares of Hilton Grand Vacations from an overweight rating to a neutral rating and set a $30.00 target price on the stock. in a report on Friday, May 3rd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the stock. The company currently has an average rating of Hold and an average target price of $37.33.

HGV stock opened at $26.76 on Friday. The stock has a market capitalization of $2.48 billion, a P/E ratio of 8.77, a P/E/G ratio of 1.13 and a beta of 1.66. Hilton Grand Vacations has a 12 month low of $24.17 and a 12 month high of $40.65. The company has a current ratio of 5.12, a quick ratio of 3.77 and a debt-to-equity ratio of 2.78.

Hilton Grand Vacations (NYSE:HGV) last posted its quarterly earnings results on Wednesday, May 1st. The company reported $0.58 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.63 by ($0.05). The company had revenue of $450.00 million during the quarter, compared to analysts’ expectations of $455.20 million. Hilton Grand Vacations had a return on equity of 56.92% and a net margin of 15.51%. The company’s quarterly revenue was up 22.6% on a year-over-year basis. During the same period in the prior year, the business earned $0.30 EPS. On average, equities research analysts expect that Hilton Grand Vacations will post 2.69 EPS for the current fiscal year.

In other news, Director Leonard Potter purchased 10,000 shares of the stock in a transaction dated Monday, May 13th. The shares were acquired at an average cost of $27.50 per share, for a total transaction of $275,000.00. Following the acquisition, the director now owns 72,348 shares of the company’s stock, valued at $1,989,570. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.05% of the stock is currently owned by company insiders.

Several large investors have recently added to or reduced their stakes in HGV. Norges Bank bought a new stake in shares of Hilton Grand Vacations in the 4th quarter valued at about $33,159,000. Waratah Capital Advisors Ltd. bought a new stake in shares of Hilton Grand Vacations in the 1st quarter valued at about $28,342,000. FMR LLC boosted its stake in Hilton Grand Vacations by 5.3% in the 1st quarter. FMR LLC now owns 14,155,214 shares of the company’s stock worth $436,688,000 after purchasing an additional 715,636 shares in the last quarter. Royce & Associates LP boosted its stake in Hilton Grand Vacations by 48,602.2% in the 4th quarter. Royce & Associates LP now owns 536,211 shares of the company’s stock worth $14,151,000 after purchasing an additional 535,110 shares in the last quarter. Finally, Long Pond Capital LP boosted its stake in Hilton Grand Vacations by 9.6% in the 1st quarter. Long Pond Capital LP now owns 5,867,092 shares of the company’s stock worth $181,000,000 after purchasing an additional 515,057 shares in the last quarter.

Hilton Grand Vacations Company Profile

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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Analyst Recommendations for Hilton Grand Vacations (NYSE:HGV)

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