Barclays Issues Pessimistic Forecast for Hilton Grand Vacations (NYSE:HGV) Stock Price

Hilton Grand Vacations (NYSE:HGV) had its target price reduced by stock analysts at Barclays from $49.00 to $48.00 in a research report issued to clients and investors on Monday,Benzinga reports. The firm currently has an “equal weight” rating on the stock. Barclays‘s price target points to a potential upside of 9.97% from the company’s current price.

Other equities analysts have also issued reports about the stock. Weiss Ratings upgraded shares of Hilton Grand Vacations from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, February 17th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $49.00 price objective on shares of Hilton Grand Vacations in a research note on Friday, January 16th. Mizuho lowered their price target on Hilton Grand Vacations from $73.00 to $69.00 and set an “outperform” rating on the stock in a report on Friday. Truist Financial reduced their price objective 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, The Goldman Sachs Group restated a “sell” rating and set a $40.00 target price on shares of Hilton Grand Vacations in a research report on Thursday. Four analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Hilton Grand Vacations has an average rating of “Hold” and a consensus price target of $52.00.

Hilton Grand Vacations Stock Performance

Shares of NYSE:HGV traded down $1.31 during midday trading on Monday, hitting $43.65. The company had a trading volume of 152,352 shares, compared to its average volume of 792,817. Hilton Grand Vacations has a 12-month low of $30.59 and a 12-month high of $52.08. The company has a fifty day moving average of $46.27 and a two-hundred day moving average of $44.38. The company has a market cap of $3.73 billion, a price-to-earnings ratio of 47.95, a PEG ratio of 0.97 and a beta of 1.48. The company has a debt-to-equity ratio of 5.04, a current ratio of 5.20 and a quick ratio of 3.17.

Hilton Grand Vacations (NYSE:HGV) last issued its quarterly earnings results on Thursday, February 26th. The company reported $0.88 EPS for the quarter, missing analysts’ consensus estimates of $1.05 by ($0.17). Hilton Grand Vacations had a return on equity of 11.90% and a net margin of 1.60%.The company had revenue of $1.33 billion during the quarter, compared to analysts’ expectations of $1.38 billion. During the same quarter in the previous year, the company earned $0.49 EPS. The business’s quarterly revenue was up 3.8% compared to the same quarter last year. On average, equities research analysts expect that Hilton Grand Vacations will post 3.39 EPS for the current fiscal year.

Hedge Funds Weigh In On Hilton Grand Vacations

A number of hedge funds have recently bought and sold shares of HGV. Securian Asset Management Inc. lifted its stake in shares of Hilton Grand Vacations by 5.0% in the third quarter. Securian Asset Management Inc. now owns 4,619 shares of the company’s stock worth $193,000 after buying an additional 222 shares in the last quarter. Fifth Third Bancorp lifted its stake in Hilton Grand Vacations by 5.7% in the 4th quarter. Fifth Third Bancorp now owns 4,449 shares of the company’s stock worth $199,000 after purchasing an additional 238 shares in the last quarter. Quadrant Capital Group LLC boosted its holdings in shares of Hilton Grand Vacations by 13.2% during the 4th quarter. Quadrant Capital Group LLC now owns 2,501 shares of the company’s stock worth $112,000 after purchasing an additional 291 shares during the last quarter. Waterway Wealth Management LLC boosted its holdings in shares of Hilton Grand Vacations by 4.3% during the 3rd quarter. Waterway Wealth Management LLC now owns 7,950 shares of the company’s stock worth $332,000 after purchasing an additional 325 shares during the last quarter. Finally, GAMMA Investing LLC increased its holdings in shares of Hilton Grand Vacations by 60.6% in the fourth quarter. GAMMA Investing LLC now owns 925 shares of the company’s stock valued at $41,000 after purchasing an additional 349 shares during the last quarter. Hedge funds and other institutional investors own 97.23% of the company’s stock.

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.