Brokerages Set Hilton Grand Vacations Inc. (HGV) Price Target at $38.78
Shares of Hilton Grand Vacations Inc. (NYSE:HGV) have earned a consensus recommendation of “Buy” from the nine ratings firms that are presently covering the company, Marketbeat Ratings reports. Nine research analysts have rated the stock with a buy rating. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $38.78.
Several equities analysts recently commented on the company. Instinet reiterated a “buy” rating and issued a $45.00 target price (up from $44.00) on shares of Hilton Grand Vacations in a research note on Wednesday, August 9th. Zacks Investment Research lowered Hilton Grand Vacations from a “buy” rating to a “hold” rating in a research note on Thursday, July 6th. Nomura lifted their price target on Hilton Grand Vacations from $44.00 to $45.00 and gave the company a “buy” rating in a report on Thursday, August 3rd. Finally, Buckingham Research started coverage on Hilton Grand Vacations in a report on Monday, June 19th. They issued a “buy” rating and a $42.00 price target for the company.
In other news, Director David William Johnson acquired 28,000 shares of the business’s stock in a transaction dated Thursday, August 17th. The shares were bought at an average cost of $35.16 per share, for a total transaction of $984,480.00. Following the acquisition, the director now directly owns 33,000 shares in the company, valued at approximately $1,160,280. The purchase was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 0.46% of the company’s stock.
Several large investors have recently modified their holdings of the company. The Manufacturers Life Insurance Company increased its position in Hilton Grand Vacations by 7.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 2,978 shares of the company’s stock worth $107,000 after purchasing an additional 202 shares in the last quarter. Nisa Investment Advisors LLC lifted its position in Hilton Grand Vacations by 129.6% during the second quarter. Nisa Investment Advisors LLC now owns 6,200 shares of the company’s stock valued at $223,000 after buying an additional 3,500 shares in the last quarter. Pacad Investment Ltd. lifted its position in Hilton Grand Vacations by 6.7% during the second quarter. Pacad Investment Ltd. now owns 6,400 shares of the company’s stock valued at $231,000 after buying an additional 400 shares in the last quarter. Cigna Investments Inc. New acquired a new position in Hilton Grand Vacations during the second quarter valued at approximately $263,000. Finally, Quantbot Technologies LP lifted its position in Hilton Grand Vacations by 700.6% during the second quarter. Quantbot Technologies LP now owns 9,111 shares of the company’s stock valued at $328,000 after buying an additional 7,973 shares in the last quarter. Institutional investors and hedge funds own 97.90% of the company’s stock.
Hilton Grand Vacations (NYSE:HGV) traded up 0.419% on Friday, reaching $39.525. The company had a trading volume of 563,656 shares. The stock has a market capitalization of $3.92 billion and a PE ratio of 22.496. Hilton Grand Vacations has a 52-week low of $24.60 and a 52-week high of $39.61. The stock has a 50 day moving average price of $37.52 and a 200 day moving average price of $37.52.
Hilton Grand Vacations (NYSE:HGV) last released its earnings results on Wednesday, August 2nd. The company reported $0.51 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.45 by $0.06. The firm had revenue of $439.00 million during the quarter, compared to analysts’ expectations of $413.33 million. The firm’s quarterly revenue was up 12.3% on a year-over-year basis. Analysts expect that Hilton Grand Vacations will post $1.94 EPS for the current year.
About Hilton Grand Vacations
Hilton Grand Vacations Inc is a timeshare company that markets and sells vacation ownership intervals (VOIs), manages resorts in leisure and urban destinations, and operates a points-based vacation club. The Company operates its business across two segments: Real Estate Sales and Financing, and Resort Operations and Club Management.
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