Brokerages Set Hilton Grand Vacations Inc. (NYSE:HGV) PT at $52.75

by · The Markets Daily

Hilton Grand Vacations Inc. (NYSE:HGV – Get Free Report) has been assigned a consensus rating of “Hold” from the ten research firms that are presently covering the firm, Marketbeat reports. Three investment analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $52.75.

Several equities analysts recently weighed in on HGV shares. Zacks Research cut Hilton Grand Vacations from a “hold” rating to a “strong sell” rating in a research report on Thursday, October 23rd. Weiss Ratings reiterated a “sell (d+)” rating on shares of Hilton Grand Vacations in a report on Monday. Morgan Stanley restated an “overweight” rating and issued a $48.00 price objective on shares of Hilton Grand Vacations in a research note on Wednesday, October 22nd. Truist Financial dropped their target price on shares of Hilton Grand Vacations from $62.00 to $59.00 and set a “buy” rating on the stock in a research report on Friday, November 14th. Finally, Wells Fargo & Company initiated coverage on shares of Hilton Grand Vacations in a report on Tuesday, November 18th. They issued an “equal weight” rating and a $42.00 price target for the company.

Get Our Latest Report on HGV

Hilton Grand Vacations Stock Performance

NYSE:HGV opened at $44.68 on Friday. Hilton Grand Vacations has a 1 year low of $30.59 and a 1 year high of $52.08. The firm’s fifty day simple moving average is $42.21 and its 200 day simple moving average is $43.77. The company has a current ratio of 5.02, a quick ratio of 3.12 and a debt-to-equity ratio of 4.67. The firm has a market capitalization of $3.82 billion, a PE ratio of 81.23, a PEG ratio of 5.02 and a beta of 1.51.

Hilton Grand Vacations (NYSE:HGV – Get Free Report) last released its earnings results on Thursday, October 30th. The company reported $0.60 earnings per share for the quarter, missing analysts’ consensus estimates of $1.01 by ($0.41). The firm had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.37 billion. Hilton Grand Vacations had a return on equity of 9.52% and a net margin of 1.06%.The firm’s revenue was down .5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.67 EPS. On average, sell-side analysts anticipate that Hilton Grand Vacations will post 3.39 EPS for the current year.

Insider Buying and Selling at Hilton Grand Vacations

In related news, insider Charles R. Jr. Corbin sold 30,426 shares of Hilton Grand Vacations stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $41.81, for a total transaction of $1,272,111.06. Following the sale, the insider directly owned 60,270 shares of the company’s stock, valued at $2,519,888.70. This trade represents a 33.55% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 2.70% of the company’s stock.

Institutional Trading of Hilton Grand Vacations

Hedge funds have recently modified their holdings of the company. EverSource Wealth Advisors LLC boosted its position in Hilton Grand Vacations by 743.4% during the second quarter. EverSource Wealth Advisors LLC now owns 641 shares of the company’s stock valued at $27,000 after acquiring an additional 565 shares during the last quarter. Nomura Asset Management Co. Ltd. lifted its stake in shares of Hilton Grand Vacations by 136.8% in the 2nd quarter. Nomura Asset Management Co. Ltd. now owns 900 shares of the company’s stock valued at $37,000 after purchasing an additional 520 shares during the period. Quarry LP bought a new stake in shares of Hilton Grand Vacations during the 3rd quarter valued at about $44,000. State of Wyoming acquired a new stake in Hilton Grand Vacations during the first quarter worth approximately $48,000. Finally, CWM LLC grew its stake in Hilton Grand Vacations by 69.8% during the second quarter. CWM LLC now owns 1,277 shares of the company’s stock worth $53,000 after purchasing an additional 525 shares during the period. Institutional investors own 97.23% of the company’s stock.

About Hilton Grand Vacations

(Get Free Report)

Hilton Grand Vacations Inc is a leading developer and marketer of premium vacation ownership resorts. The company specializes in selling timeshare interests in vacation properties under the Hilton Grand Vacations brand, enabling members to purchase deeded real estate interests and utilize a points-based system for booking stays. Alongside new sales, the company provides ongoing management services for its portfolio of resorts, ensuring high standards of guest services, resort maintenance, and member engagement through its proprietary technology platform.

In addition to vacation ownership sales, Hilton Grand Vacations offers a comprehensive suite of membership benefits.

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