Hilton Grand Vacations Inc (NYSE:HGV) – Equities researchers at Jefferies Financial Group decreased their Q3 2018 EPS estimates for shares of Hilton Grand Vacations in a research report issued to clients and investors on Wednesday, October 24th. Jefferies Financial Group analyst D. Katz now anticipates that the company will earn $0.45 per share for the quarter, down from their prior estimate of $0.52. Jefferies Financial Group has a “Hold” rating and a $38.00 price objective on the stock. Jefferies Financial Group also issued estimates for Hilton Grand Vacations’ Q4 2018 earnings at $1.15 EPS, Q2 2019 earnings at $0.64 EPS, Q1 2020 earnings at $0.82 EPS, Q2 2020 earnings at $0.69 EPS and Q3 2020 earnings at $0.66 EPS.
Hilton Grand Vacations (NYSE:HGV) last announced its earnings results on Thursday, August 2nd. The company reported $1.10 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.11 by ($0.01). Hilton Grand Vacations had a net margin of 20.13% and a return on equity of 52.26%. The company had revenue of $563.00 million during the quarter, compared to the consensus estimate of $582.86 million. During the same quarter in the previous year, the company earned $0.51 earnings per share. The business’s revenue was up 28.2% on a year-over-year basis.
Other equities research analysts have also issued reports about the stock. Zacks Investment Research raised shares of Hilton Grand Vacations from a “hold” rating to a “buy” rating and set a $38.00 price objective on the stock in a research note on Thursday, July 5th. ValuEngine lowered shares of Hilton Grand Vacations from a “hold” rating to a “sell” rating in a research note on Thursday, October 4th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $44.60.
NYSE:HGV opened at $27.75 on Thursday. The company has a debt-to-equity ratio of 2.40, a quick ratio of 3.63 and a current ratio of 5.01. Hilton Grand Vacations has a 52 week low of $26.20 and a 52 week high of $47.75. The firm has a market capitalization of $2.85 billion, a PE ratio of 14.14, a PEG ratio of 1.64 and a beta of 0.62.
In other Hilton Grand Vacations news, insider Mark D. Wang bought 16,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 15th. The shares were bought at an average price of $31.91 per share, for a total transaction of $510,560.00. Following the transaction, the insider now directly owns 328,481 shares in the company, valued at $10,481,828.71. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Leonard Potter bought 25,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 15th. The shares were acquired at an average price of $31.98 per share, for a total transaction of $799,500.00. Following the transaction, the director now owns 58,135 shares in the company, valued at $1,859,157.30. The disclosure for this purchase can be found here. 0.72% of the stock is owned by corporate insiders.
Institutional investors have recently bought and sold shares of the business. Westpac Banking Corp boosted its holdings in shares of Hilton Grand Vacations by 50.6% during the 2nd quarter. Westpac Banking Corp now owns 78,457 shares of the company’s stock worth $2,722,000 after buying an additional 26,370 shares in the last quarter. Chicago Equity Partners LLC boosted its stake in Hilton Grand Vacations by 10.0% during the second quarter. Chicago Equity Partners LLC now owns 92,495 shares of the company’s stock worth $3,210,000 after acquiring an additional 8,375 shares in the last quarter. Fox Run Management L.L.C. bought a new position in Hilton Grand Vacations during the third quarter worth $611,000. Sfmg LLC bought a new position in Hilton Grand Vacations during the second quarter worth $972,000. Finally, Virginia Retirement Systems ET AL bought a new position in Hilton Grand Vacations during the second quarter worth $1,142,000. Hedge funds and other institutional investors own 97.02% of the company’s stock.
Hilton Grand Vacations Company Profile
Hilton Grand Vacations Inc, a timeshare company, develops, markets, sells, and manages timeshare 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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