Hilton Grand Vacations Inc. (NYSE:HGV) Receives $52.75 Average Price Target from Analysts

Hilton Grand Vacations Inc. (NYSE:HGV) has received a consensus rating of “Hold” from the ten ratings firms that are presently covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $52.75.

A number of equities analysts have recently weighed in on HGV shares. Morgan Stanley reissued an “overweight” rating and issued a $48.00 price objective on shares of Hilton Grand Vacations in a research report on Wednesday, October 22nd. Wells Fargo & Company assumed coverage on 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. Weiss Ratings reissued a “sell (d+)” rating on shares of Hilton Grand Vacations in a research note on Monday. Zacks Research raised Hilton Grand Vacations from a “strong sell” rating to a “hold” rating in a research report on Monday. Finally, Truist Financial dropped their target price on Hilton Grand Vacations from $62.00 to $59.00 and set a “buy” rating for the company in a research note on Friday, November 14th.

Insider Buying and Selling at Hilton Grand Vacations

In related news, insider Charles R. Jr. Corbin sold 30,426 shares of the firm’s stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $41.81, for a total value of $1,272,111.06. Following the sale, the insider directly owned 60,270 shares of the company’s stock, valued at approximately $2,519,888.70. This trade represents a 33.55% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 2.30% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Hilton Grand Vacations

A number of hedge funds have recently made changes to their positions in HGV. Arrowstreet Capital Limited Partnership grew its holdings in shares of Hilton Grand Vacations by 489.6% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,582,535 shares of the company’s stock worth $66,166,000 after purchasing an additional 1,314,117 shares during the period. North Peak Capital Management LLC grew its stake in Hilton Grand Vacations by 11.3% during the second quarter. North Peak Capital Management LLC now owns 6,810,126 shares of the company’s stock worth $282,825,000 after buying an additional 693,495 shares during the period. Marshall Wace LLP increased its position in shares of Hilton Grand Vacations by 142.6% in the third quarter. Marshall Wace LLP now owns 1,163,538 shares of the company’s stock worth $48,648,000 after acquiring an additional 684,025 shares in the last quarter. UBS Group AG increased its position in shares of Hilton Grand Vacations by 34.4% in the third quarter. UBS Group AG now owns 2,258,391 shares of the company’s stock worth $94,423,000 after acquiring an additional 577,772 shares in the last quarter. Finally, Norges Bank purchased a new position in shares of Hilton Grand Vacations in the 2nd quarter valued at $23,163,000. Institutional investors and hedge funds own 97.23% of the company’s stock.

Hilton Grand Vacations Stock Up 0.7%

Shares of NYSE:HGV opened at $44.97 on Friday. The company has a quick ratio of 3.12, a current ratio of 5.02 and a debt-to-equity ratio of 4.67. The company has a market capitalization of $3.85 billion, a P/E ratio of 81.76, a P/E/G ratio of 5.01 and a beta of 1.51. Hilton Grand Vacations has a 52-week low of $30.59 and a 52-week high of $52.08. The stock’s fifty day simple moving average is $42.27 and its 200-day simple moving average is $43.78.

Hilton Grand Vacations (NYSE:HGV) last posted its quarterly earnings data on Thursday, October 30th. The company reported $0.60 EPS for the quarter, missing analysts’ consensus estimates of $1.01 by ($0.41). The company had revenue of $1.30 billion for the quarter, compared to analysts’ expectations of $1.37 billion. Hilton Grand Vacations had a return on equity of 9.52% and a net margin of 1.06%.The company’s revenue for the quarter was down .5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.67 EPS. As a group, equities research analysts forecast that Hilton Grand Vacations will post 3.39 earnings per share for the current fiscal year.

About Hilton Grand Vacations

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.