Hilton Grand Vacations (NYSE:HGV) to Buyback $0.00 in Shares

Hilton Grand Vacations (NYSE:HGV) announced that its Board of Directors has authorized a stock buyback plan on Wednesday, August 13th, RTT News reports. The company plans to repurchase $0.00 in shares. This repurchase authorization permits the company to reacquire shares of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s leadership believes its stock is undervalued.

Hilton Grand Vacations Stock Down 1.6%

Shares of Hilton Grand Vacations stock opened at $45.28 on Friday. The stock has a 50-day moving average price of $44.44 and a 200 day moving average price of $40.42. The company has a market cap of $4.03 billion, a P/E ratio of 82.32, a P/E/G ratio of 3.93 and a beta of 1.65. The company has a current ratio of 4.43, a quick ratio of 2.77 and a debt-to-equity ratio of 4.31. Hilton Grand Vacations has a 1 year low of $30.59 and a 1 year high of $52.08.

Hilton Grand Vacations (NYSE:HGV) last issued its earnings results on Thursday, July 31st. The company reported $0.54 earnings per share for the quarter, missing the consensus estimate of $0.78 by ($0.24). Hilton Grand Vacations had a return on equity of 9.71% and a net margin of 1.14%. The firm had revenue of $1.27 billion during the quarter, compared to analyst estimates of $1.38 billion. During the same period in the previous year, the company earned $0.62 earnings per share. The business’s revenue for the quarter was up 2.5% on a year-over-year basis. As a group, analysts expect that Hilton Grand Vacations will post 3.39 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft set a $59.00 target price on Hilton Grand Vacations and gave the company a “buy” rating in a report on Monday, August 4th. JMP Securities reaffirmed a “market outperform” rating and set a $50.00 target price on shares of Hilton Grand Vacations in a report on Monday, May 5th. Barclays upped their target price on Hilton Grand Vacations from $42.00 to $49.00 and gave the company an “equal weight” rating in a report on Friday, August 1st. The Goldman Sachs Group reaffirmed a “sell” rating and set a $39.00 target price on shares of Hilton Grand Vacations in a report on Friday, August 1st. Finally, Mizuho upped their target price on Hilton Grand Vacations from $73.00 to $76.00 and gave the company an “outperform” rating in a report on Friday, August 1st. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $53.43.

About Hilton Grand Vacations

Hilton Grand Vacations Inc, a timeshare company, develops, markets, sells, manages, and operates the resorts, plans and ancillary reservation services under the Hilton Grand Vacations brand. It operates through Real Estate Sales and Financing, and Resort Operations and Club Management segments. Real Estate Sales and Financing segment market and sells the VOIs, and source VOIs through fee-for-service agreements with third-party developers; and provides consumer financing and services loans.