HGV Stock Recent News
HGV LATEST HEADLINES
Hilton Grand Vacations Inc. HGV, +4.31% announced Monday an agreement to buy Bluegreen Vacations Inc. BVH, +5.37% in cash deal valued at $1.5 billion, including debt. Under terms of the deal, Hilton will pay $75 in cash for each Bluegreen share outstanding, which represents a 111.1% premium over Friday's stock closing price of $35.52, and implies a market capitalization for Bluegreen of about $1.28 billion.
We have identified four stocks from the consumer discretionary sector that are set to gain from the pause in interest rate hikes. These are LYV, RCL, OSW, HGV and IHG.
Consumer discretionary stocks like Alto Ingredients, Inc. (ALTO), Hilton Grand Vacations Inc. (HGV), Marriott International, Inc. (MAR), Royal Caribbean Cruises Ltd. (RCL) and OneSpaWorld Holdings Limited (OSW) are likely to benefit from the rise in consumer spending.
The article highlights the business performance of HGV, emphasizing its strength in maintaining sales and profitability. HGV tours are gaining momentum, attracting new buyers. However, the VPG is facing pressure given the new customer mix. HGV has an aggressive agenda for new owner growth, which may not perform well as expected. Net Owner Growth is only at 2.8% for now.
HMC, ASBFY and HGV made it to the Zacks Rank #1 (Strong Buy) value stocks list on June 30, 2023.
Shares of Hilton Grand Vacations Inc. HGV climbed 1.0% in premarket trading Monday, after the timeshare company approved a new $500 million share repurchase program. The new two-year program will kick off once the previous $500 million program, which has $83 million remaining at the end of April, is completed.
Hilton Grand Vacations, Inc. started the year with sustained revenue growth and stable margins. Market conditions are mixed, but growth prospects remain attractive.
Here is how Hilton Grand Vacations (HGV) and B&M European Value Retail SA Unsponsored ADR (BMRRY) have performed compared to their sector so far this year.
Hilton Grand Vacations (HGV) witnesses a hammer chart pattern, indicating support found by the stock after losing some value lately. This coupled with an upward trend in earnings estimate revisions could mean a trend reversal for the stock in the near term.
Here is how Hilton Grand Vacations (HGV) and iQIYI, Inc. Sponsored ADR (IQ) have performed compared to their sector so far this year.