Hilton Grand Vacations Inc., a timeshare company, develops, markets, sells, and manages 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 (VOIs); manages resorts; operates a points-based vacation club; and finances and services loans provided to consumers for their timeshare purchases. The company also manages and operates the points-based Hilton Grand Vacations Club and Hilton Club exchange programs, which provide exchange, leisure travel, and reservation services to approximately 328,000 members, as well as engages in the rental of inventory made available due to ownership exchanges through its club programs. As of December 31, 2020, it had 62 properties comprising 498,524 VOIs primarily located in the Orlando, Las Vegas, the Hawaiian Islands, New York City, Washington D.C., South Carolina, Barbados, and Mexico. The company was founded in 1992 and is headquartered in Orlando, Florida.
IPO Year: 2016
Exchange: NYSE
Website: hiltongrandvacations.com
Date | Price Target | Rating | Analyst |
---|---|---|---|
9/18/2024 | $31.00 | Sell | Goldman |
8/9/2024 | Overweight → Neutral | JP Morgan | |
8/9/2024 | $55.00 → $35.00 | Buy → Hold | Jefferies |
4/15/2024 | $59.00 | Overweight | JP Morgan |
3/26/2024 | $63.00 | Buy | Mizuho |
2/13/2024 | $55.00 | Mkt Outperform | JMP Securities |
1/2/2024 | $39.00 → $50.00 | Hold → Buy | Jefferies |
9/7/2023 | $59.00 | Buy | Deutsche Bank |
4/17/2023 | $50.00 | Neutral | BofA Securities |
2/3/2023 | $68.00 → $52.00 | Buy → Hold | Jefferies |
Hilton Grand Vacations Inc. (NYSE:HGV) announces today the closing on an upsized $850 million revolving warehouse facility. The facility will accommodate both deeded and trust inventory including loans from legacy Bluegreen Vacations, which HGV acquired in January 2024. The facility includes customary used and unused fees and the maximum advance rate remains at 90%. The facility's revolving period will end in November 2026, with a final maturity in November 2027. "We are pleased to complete this significant milestone in integrating our capital markets platforms," said Dan Mathewes, president and chief financial officer of Hilton Grand Vacations. "We appreciate the ongoing support from o
Hilton Grand Vacations Inc. (NYSE:HGV) announces today the completion of a $500 million securitization of timeshare loans through Hilton Grand Vacations Trust 2024-3 ("the Trust"). Three classes of Notes were issued by the Trust, including approximately $273 million of Class A Notes, approximately $147 million of Class B Notes, and approximately $80 million of Class C Notes. The Class A Notes have a coupon rate of 4.98%, the Class B Notes have a coupon rate of 5.27%, and the Class C Notes have a coupon rate of 5.71%, for an overall weighted average coupon rate of 5.18%, and an overall advance rate of 98%. "Our largest securitization to date reinforces HGV's leading market position and str
Hilton Grand Vacations Inc. (NYSE:HGV) ("HGV" or "the Company") today reports its third quarter 2024 results. Third quarter of 2024 highlights1 Total contract sales were $777 million. Member count was 722,000. Net Owner Growth (NOG) for the legacy HGV-DRI business for the 12 months ended Sept. 30, 2024, was 1.2%. Total revenues for the third quarter of 2024 were $1.306 billion compared to $1.018 billion for the same period in 2023. Total revenues were affected by a net recognition of $49 million in the current period compared to a net deferral of $12 million in the same period in 2023. Net income attributable to stockholders for the third quarter was $29 million compared to $92
Hilton Grand Vacations Inc. (NYSE:HGV) announces it will report financial results for the third quarter of 2024 before the financial markets open on Thursday, Nov. 7, 2024, followed by a teleconference at 11 a.m. (ET). Participants are encouraged to listen to the live webcast by logging onto the HGV Investor Relations website at http://investors.hgv.com/events-and-presentations. To access the live teleconference via phone, please dial 1-866-250-8117 in the U.S./Canada (or +1-412-317-6011 internationally) approximately 15 minutes prior to the teleconference's start time. In the event of audio difficulties during the call on the toll-free number, participants are advised that accessing the
Vacation ownership industry leader expands presence with third property in Japan Hilton Grand Vacations Inc. (NYSE:HGV) the premier vacation ownership and experiences company, today announced it has purchased the Citadines Kyoto Karasuma Gojo in Kyoto, Japan. This will be the company's first property in Kyoto and its third property in Japan. "Building on our history as the leading vacation ownership company in Japan, we're thrilled to expand our portfolio to offer even more vacation experiences to our members," says Mark Wang, CEO of Hilton Grand Vacations. "Kyoto is a world-famous cultural destination for travelers, filled with history, heritage and elegance, and we're excited to engage
Hilton Grand Vacations Inc. (NYSE:HGV) announces today the successful issuance of a $400 million Senior Secured Term Loan A, maturing January 2028, with pricing of SOFR plus 175 basis points. The funds will be used to partially pre-pay the $1.3 billion Term Loan B, maturing August 2028. "With impressive execution, we continue to lower our interest costs and optimize our balance sheet, positioning us for the future," said Dan Mathewes, president and chief financial officer of Hilton Grand Vacations. "This issuance strengthens the company's balance sheet and generates nearly $10 million in interest savings over the life of the Term Loan A." Bank of America served as lead arranger and Simpso
Hilton Grand Vacations Inc. (NYSE:HGV) ("HGV" or "the Company"), the premier vacation ownership and experiences company, today announced the appointment of Christine Cahill to its board of directors. Cahill will assume the seat vacated by the departure of Alex Van Hoek. Cahill currently serves as principal at Apollo Global Management ("Apollo"), having joined the firm in 2018. She will continue her role at Apollo, where she evaluates, executes and manages investments for Apollo's flagship private equity fund. Prior to joining Apollo, Cahill worked in the investment banking division at Goldman Sachs. As a member of HGV's board of directors, Cahill will leverage her knowledge and expertis
Hilton Grand Vacations Inc. (NYSE:HGV) ("HGV" or "the Company") today reports its second quarter 2024 results. Second quarter of 2024 highlights1 Total contract sales were $757 million. Member count was 720,000. Net Owner Growth (NOG) for the legacy HGV-DRI business for the 12 months ended June 30, 2024, was 1.7%. Total revenues for the second quarter of 2024 were $1.235 billion compared to $1.007 billion for the same period in 2023. Total revenues were affected by a net deferral of $13 million in the current period compared to a net deferral of $6 million in the same period in 2023. Net income attributable to stockholders for the second quarter was $2 million compared to
Hilton Grand Vacations Inc. (NYSE:HGV) announces it will report financial results for the second quarter of 2024 before the financial markets open on Thursday, Aug. 8, 2024, followed by a teleconference at 11 a.m. (ET). Participants are encouraged to listen to the live webcast by logging onto the HGV Investor Relations website at http://investors.hgv.com/events-and-presentations. To access the live teleconference via phone, please dial 1-877-407-0784 in the U.S./Canada (or +1-201-689-8560 internationally) approximately 15 minutes prior to the teleconference's start time. In the event of audio difficulties during the call on the toll-free number, participants are advised that accessing t
Performers Luke Bryan, Flo Rida and Chicago headline exclusive concert series at LPGA season opener in Orlando Hilton Grand Vacations Inc. (NYSE:HGV), the premier vacation ownership and experiences company, announces the performance lineup for the highly anticipated 2025 Hilton Grand Vacations Tournament of Champions. As the LPGA Tour season kickoff, the annual tournament brings together entertainment, music and sports celebrities to compete alongside top LPGA Tour winners from the previous two seasons in one of golf's most unique events. The HGV Tournament of Champions is known for offering once-in-a-lifetime experiences that extend beyond the golf course. An experiential highlight of th
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Goldman initiated coverage of Hilton Grand Vacations with a rating of Sell and set a new price target of $31.00
JP Morgan downgraded Hilton Grand Vacations from Overweight to Neutral
Jefferies downgraded Hilton Grand Vacations from Buy to Hold and set a new price target of $35.00 from $55.00 previously
JP Morgan initiated coverage of Hilton Grand Vacations with a rating of Overweight and set a new price target of $59.00
Mizuho initiated coverage of Hilton Grand Vacations with a rating of Buy and set a new price target of $63.00
JMP Securities initiated coverage of Hilton Grand Vacations with a rating of Mkt Outperform and set a new price target of $55.00
Jefferies upgraded Hilton Grand Vacations from Hold to Buy and set a new price target of $50.00 from $39.00 previously
Deutsche Bank initiated coverage of Hilton Grand Vacations with a rating of Buy and set a new price target of $59.00
BofA Securities initiated coverage of Hilton Grand Vacations with a rating of Neutral and set a new price target of $50.00
Jefferies downgraded Hilton Grand Vacations from Buy to Hold and set a new price target of $52.00 from $68.00 previously
Hilton Grand Vacations Inc. (NYSE:HGV) ("HGV" or "the Company"), the premier vacation ownership and experiences company, today announced the appointment of Christine Cahill to its board of directors. Cahill will assume the seat vacated by the departure of Alex Van Hoek. Cahill currently serves as principal at Apollo Global Management ("Apollo"), having joined the firm in 2018. She will continue her role at Apollo, where she evaluates, executes and manages investments for Apollo's flagship private equity fund. Prior to joining Apollo, Cahill worked in the investment banking division at Goldman Sachs. As a member of HGV's board of directors, Cahill will leverage her knowledge and expertis
Performers Luke Bryan, Flo Rida and Chicago headline exclusive concert series at LPGA season opener in Orlando Hilton Grand Vacations Inc. (NYSE:HGV), the premier vacation ownership and experiences company, announces the performance lineup for the highly anticipated 2025 Hilton Grand Vacations Tournament of Champions. As the LPGA Tour season kickoff, the annual tournament brings together entertainment, music and sports celebrities to compete alongside top LPGA Tour winners from the previous two seasons in one of golf's most unique events. The HGV Tournament of Champions is known for offering once-in-a-lifetime experiences that extend beyond the golf course. An experiential highlight of th
Hilton Grand Vacations Inc. (NYSE:HGV) ("HGV" or "the Company"), the premier vacation ownership and experiences company, today announced the appointment of Gail Mandel to its board of directors. The addition of Mandel expands the Company's board of directors from nine to 10 members. Mandel serves as managing director of Focused Point Ventures and has extensive hospitality, financial and public company experience. She will continue her role at Focused Point Ventures, where she provides advisory and consulting services focused on the analysis of investment theses and structuring, capital allocation and leadership training. Prior to her current role, Mandel served as president and CEO of W
Mark Wang to continue as Chief Executive Officer Hilton Grand Vacations Inc. (NYSE:HGV) ("HGV" or "the Company") today announced that Dan Mathewes has been promoted to president, along with the continuation of his role as chief financial officer. In addition, the company has named Dusty Tonkin as its new EVP, chief sales & marketing officer. Dan Mathewes Elevated to President and CFO of Hilton Grand Vacations Hilton Grand Vacations has promoted Dan Mathewes to the role of president, while he retains his responsibilities as CFO. Mathewes will now work more closely with HGV's sales and local marketing functions, building on his successful tenure overseeing the company's finance, account
Hospitality leader announces five-year partnership extension with LPGA and an increased tournament purse of $2.5 million Hilton Grand Vacations Inc. (NYSE:HGV), a premier vacation ownership and experiences company, announced Sunday that Lydia Ko won the 2024 Hilton Grand Vacations Tournament of Champions at Lake Nona Golf & Country Club. MLB All-Star Jeff McNeil was this year's celebrity field champion. Ko took the Professional Title, winning by two strokes over 2023 LPGA Tour rookie Alexa Pano and finishing 14-under par overall. Pano secured the first runner-up position on the professional field, earning the second top-10 finish of her career and carding 19 birdies before finishing 12-
Thirty-six of the LPGA Tour's top talent will compete alongside a star-studded celebrity field to kick off LPGA season Hilton Grand Vacations Inc. (NYSE:HGV), a premier vacation ownership and experiences company, announces the lineup of Ladies Professional Golf Association winners who will participate in the official kickoff to the LPGA Tour season at the 2024 Hilton Grand Vacations Tournament of Champions. One of the most unique and popular events in golf, the annual tournament welcomes LPGA Tour champions from the previous two seasons to compete alongside celebrities from the worlds of music, entertainment and sports. The Professional Title winner of last year's tournament, Brooke H
Annual celebrity golf tournament will welcome approximately 50 entertainment and sports stars to play alongside top LPGA Tour pros Hilton Grand Vacations Inc. (NYSE:HGV), a premier vacation ownership and experiences company, announces that NBC's Dylan Dreyer, U.S. Soccer Hall of Famer Landon Donovan, eight-time NBA All-Star Vince Carter and country music star Chris Lane will be among those joining the field for the 2024 Hilton Grand Vacations Tournament of Champions. As the kickoff to the LPGA Tour season, the HGV Tournament of Champions brings together entertainment, music and sports celebrities to compete alongside top LPGA Tour winners in one of golf's most unique events. "Hosting th
Celebrity tournament returns for the sixth year to kick off the LPGA Tour and will feature an exclusive invite-only concert series mixing modern pop and classic rock Hilton Grand Vacations Inc. (NYSE:HGV), the industry-leading global vacation ownership company, announces the return of the Hilton Grand Vacations Tournament of Champions. The highly anticipated tournament taking place in Orlando's Lake Nona features approximately 50 of the biggest stars in sports, entertainment and music competing with the LPGA Tour's champions from the previous two seasons. Known for offering once-in-a-lifetime experiences that extend beyond the golf course, the tournament includes a three-night private con
HGV ranked fourth among 100 companies for its exceptional workplace culture Hilton Grand Vacations Inc. (NYSE:HGV), the industry-leading global vacation ownership company, has been named to Newsweek's "Top 100 Most Loved Workplaces®" list for the third year in a row. The company was honored for its exceptional culture and placed fourth overall on the list. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230920605318/en/Hilton Grand Vacations Named to Newsweek's "Top 100 Most Loved Workplaces" List for Third Consecutive Year. (Graphic: Business Wire) "Every day, we invest in the well-being and growth of our team members as they
6 analysts have expressed a variety of opinions on Hilton Grand Vacations (NYSE:HGV) over the past quarter, offering a diverse set of opinions from bullish to bearish. The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 3 3 0 0 0 Last 30D 1 0 0 0 0 1M Ago 0 0 0 0 0 2M Ago 0 1 0 0 0 3M Ago 2 2 0 0 0 Analysts' evaluations of 12-month price targets offer additional insights, showcasing an average target of $62.0, with a high estimate of $71.00 and a low estimate of $54.00. Marking an increas
Truist Securities analyst Patrick Scholes maintains Hilton Grand Vacations (NYSE:HGV) with a Buy and raises the price target from $70 to $71.
This whale alert can help traders discover the next big trading opportunities. Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner. Traders will search for circumstances when the market estimation of an option diverges heavily from its normal worth. High amounts of trading activity could push option prices to exaggerated or underestimated levels. Here's the list of options activity happening in today's session: Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume FFIE CALL SWEEP BULLISH 06/21/24 $4.00 $32.9K 0 35.4K BABA CALL SWEEP BEARISH 06/21/24 $85.00 $68.3K
Hilton Grand Vacations Inc. (NYSE:HGV) first-quarter FY24 sales rose to $1.16 billion from $934 million a year ago, beating the consensus of $1.12 billion. Revenues were affected by a net recognition of $2 million in the current period compared to a net recognition of $4 million in the same period in 2023. Real estate sales and financing segment revenues totaled $687 million, an increase of $137 million from last year. Total contract sales increased by $108 million Y/Y to $631 million, including $136 million contributed by Bluegreen Vacations. Consolidated Net Owner Growth (NOG) for the legacy HGV-DRI business for the 12 months ended March 31, 2024, was 2%. Member count stood at
Hilton Grand Vacations (NYSE:HGV) reported quarterly earnings of $0.95 per share which beat the analyst consensus estimate of $0.72 by 31.94 percent. The company reported quarterly sales of $1.156 billion which beat the analyst consensus estimate of $1.116 billion by 3.56 percent. This is a 23.77 percent increase over sales of $934.000 million the same period last year.
6 analysts have shared their evaluations of Hilton Grand Vacations (NYSE:HGV) during the recent three months, expressing a mix of bullish and bearish perspectives. The following table provides a quick overview of their recent ratings, highlighting the changing sentiments over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 2 4 0 0 0 Last 30D 0 1 0 0 0 1M Ago 1 0 0 0 0 2M Ago 1 2 0 0 0 3M Ago 0 1 0 0 0 Providing deeper insights, analysts have established 12-month price targets, indicating an average target of $59.33, along with a high estimate of $70.00 and a low estimate of $54.00. Ob
JP Morgan analyst Ryan Lambert initiates coverage on Hilton Grand Vacations (NYSE:HGV) with a Overweight rating and announces Price Target of $59.
Hilton Grand Vacations Inc. (NYSE:HGV) ("HGV" or "the Company") today reports its third quarter 2024 results. Third quarter of 2024 highlights1 Total contract sales were $777 million. Member count was 722,000. Net Owner Growth (NOG) for the legacy HGV-DRI business for the 12 months ended Sept. 30, 2024, was 1.2%. Total revenues for the third quarter of 2024 were $1.306 billion compared to $1.018 billion for the same period in 2023. Total revenues were affected by a net recognition of $49 million in the current period compared to a net deferral of $12 million in the same period in 2023. Net income attributable to stockholders for the third quarter was $29 million compared to $92
Hilton Grand Vacations Inc. (NYSE:HGV) announces it will report financial results for the third quarter of 2024 before the financial markets open on Thursday, Nov. 7, 2024, followed by a teleconference at 11 a.m. (ET). Participants are encouraged to listen to the live webcast by logging onto the HGV Investor Relations website at http://investors.hgv.com/events-and-presentations. To access the live teleconference via phone, please dial 1-866-250-8117 in the U.S./Canada (or +1-412-317-6011 internationally) approximately 15 minutes prior to the teleconference's start time. In the event of audio difficulties during the call on the toll-free number, participants are advised that accessing the
Hilton Grand Vacations Inc. (NYSE:HGV) ("HGV" or "the Company") today reports its second quarter 2024 results. Second quarter of 2024 highlights1 Total contract sales were $757 million. Member count was 720,000. Net Owner Growth (NOG) for the legacy HGV-DRI business for the 12 months ended June 30, 2024, was 1.7%. Total revenues for the second quarter of 2024 were $1.235 billion compared to $1.007 billion for the same period in 2023. Total revenues were affected by a net deferral of $13 million in the current period compared to a net deferral of $6 million in the same period in 2023. Net income attributable to stockholders for the second quarter was $2 million compared to
Hilton Grand Vacations Inc. (NYSE:HGV) announces it will report financial results for the second quarter of 2024 before the financial markets open on Thursday, Aug. 8, 2024, followed by a teleconference at 11 a.m. (ET). Participants are encouraged to listen to the live webcast by logging onto the HGV Investor Relations website at http://investors.hgv.com/events-and-presentations. To access the live teleconference via phone, please dial 1-877-407-0784 in the U.S./Canada (or +1-201-689-8560 internationally) approximately 15 minutes prior to the teleconference's start time. In the event of audio difficulties during the call on the toll-free number, participants are advised that accessing t
Hilton Grand Vacations Inc. (NYSE:HGV) ("HGV" or "the Company") today reports its first quarter 2024 results. First quarter of 2024 highlights1 Total contract sales were $631 million. Member count was 718,000. Net Owner Growth (NOG) for the legacy HGV-DRI business for the 12 months ended March 31, 2024, was 2%. Total revenues for the first quarter of 2024 were $1,156 million compared to $934 million for the same period in 2023. Total revenues were affected by a net recognition of $2 million in the current period compared to a net recognition of $4 million in the same period in 2023. Net loss attributable to stockholders for the first quarter was $(4) million compared to $
Hilton Grand Vacations Inc. (NYSE:HGV) announces it will report financial results for the first quarter of 2024 before the financial markets open on Thursday, May 9, 2024, followed by a teleconference at 11 a.m. (ET). Participants are encouraged to listen to the live webcast by logging onto the HGV Investor Relations website at http://investors.hgv.com/events-and-presentations. To access the live teleconference via phone, please dial 1-877-407-0784 in the U.S./Canada (or +1-201-689-8560 internationally) approximately 15 minutes prior to the teleconference's start time. In the event of audio difficulties during the call on the toll-free number, participants are advised that accessing the
Hilton Grand Vacations Inc. (NYSE:HGV) ("HGV" or "the Company") today reports its fourth quarter and full year 2023 results. Fourth quarter of 2023 highlights1 Total contract sales were $572 million. Contract sales were affected by approximately $40 million due to the ongoing impact of the Maui wildfires, along with a temporary outage impacting our sales system early in the quarter. Member count was 529,000. Consolidated Net Owner Growth (NOG) for the year ended Dec. 31, 2023, was 2.0%. Total revenues for the fourth quarter were $1,019 million compared to $992 million for the same period in 2022. Total revenues were affected by a net deferral of $21 million in the current
Hilton Grand Vacations Inc. (NYSE:HGV) announces it will report financial results for the fourth quarter and full year of 2023 before the financial markets open on Thursday, Feb. 29, 2024, followed by a teleconference at 11 a.m. (ET). Participants are encouraged to listen to the live webcast by logging onto the HGV Investor Relations website at http://investors.hgv.com/events-and-presentations. To access the live teleconference via phone, please dial 1-877-407-0784 in the U.S./Canada (or +1-201-689-8560 internationally) approximately 15 minutes prior to the teleconference's start time. In the event of audio difficulties during the call on the toll-free number, participants are advised t
Unites two highly complementary businesses to further scale and drive growth, adding over 200,000 members and 48 managed resorts in 14 new geographies, unlocking additional upside from HGV's recent strategic infrastructure investments Expands and diversifies lead flow through Bluegreen Vacations' world-class strategic partnerships, including the signing of a new 10-year exclusive marketing agreement with Bass Pro Shops, America's Premier Outdoor and Conservation Company with over 220 million customers annually Adjusted free cash flow accretive transaction that generates ~$100 million in projected run-rate cost synergies, expected to be achieved in the first 24 months following close H
Hilton Grand Vacations Inc. (NYSE:HGV) ("HGV" or "the Company") today reports its third quarter 2023 results. Third quarter of 2023 highlights1 Total contract sales were $603 million. Member count was 526,000. Consolidated Net Owner Growth (NOG) for the 12 months ended Sept. 30, 2023, was 2.1%. Total revenues for the third quarter were $1,018 million compared to $1,116 million for the same period in 2022. Total revenues were affected by a net deferral of $12 million in the current period compared to a net recognition of $86 million in the same period in 2022. Net income for the third quarter was $92 million compared to $150 million for the same period in 2022. Adjusted