Hilton Grand Vacations (NYSE:HGV) updated its FY18 earnings guidance on Wednesday. The company provided earnings per share guidance of $2.94 -3.04 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $3.09.
Several analysts have commented on the company. Zacks Investment Research downgraded Hilton Grand Vacations from a hold rating to a sell rating in a research note on Monday, October 22nd. Jefferies Financial Group assumed coverage on Hilton Grand Vacations in a research note on Monday, July 16th. They set a hold rating and a $38.00 price objective for the company. Finally, ValuEngine downgraded 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 issued a hold rating and four have issued a buy rating to the stock. The stock presently has a consensus rating of Hold and an average target price of $44.60.
HGV traded down $0.02 on Wednesday, hitting $26.87. 2,000,756 shares of the company traded hands, compared to its average volume of 1,189,969. The company has a quick ratio of 3.63, a current ratio of 5.01 and a debt-to-equity ratio of 2.40. The company has a market cap of $2.71 billion, a PE ratio of 13.64, a P/E/G ratio of 1.83 and a beta of 0.62. Hilton Grand Vacations has a 12-month low of $26.20 and a 12-month high of $47.75.
In other Hilton Grand Vacations news, Director Leonard Potter bought 25,000 shares of the company’s stock in a transaction on Wednesday, August 15th. The shares were bought 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 of the company’s stock, valued at approximately $1,859,157.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Mark D. Wang bought 16,000 shares of the company’s stock in a transaction on Wednesday, August 15th. The shares were acquired 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 approximately $10,481,828.71. The disclosure for this purchase can be found here. Insiders own 0.72% of the company’s stock.
About Hilton Grand Vacations
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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