Hilton Grand Vacations Inc. (NYSE:HGV) Given Average Recommendation of “Hold” by Brokerages

Hilton Grand Vacations Inc. (NYSE:HGV) has been assigned an average recommendation of “Hold” from the eleven analysts that are currently covering the company, MarketBeat.com reports. Seven investment analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $56.8889.

HGV has been the subject of several recent research reports. The Goldman Sachs Group raised shares of Hilton Grand Vacations from a “sell” rating to a “neutral” rating and set a $55.00 price target for the company in a research report on Monday, June 1st. Barclays raised their price target on shares of Hilton Grand Vacations from $48.00 to $51.00 and gave the company an “equal weight” rating in a research report on Friday, May 1st. Zacks Research cut shares of Hilton Grand Vacations from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 9th. Jefferies Financial Group raised their price target on shares of Hilton Grand Vacations from $46.00 to $50.00 and gave the company a “hold” rating in a research report on Monday, March 2nd. Finally, Mizuho decreased their price target on shares of Hilton Grand Vacations from $73.00 to $69.00 and set an “outperform” rating for the company in a research report on Friday, February 27th.

Hilton Grand Vacations Stock Down 0.8%

Hilton Grand Vacations stock opened at $50.75 on Friday. Hilton Grand Vacations has a fifty-two week low of $36.79 and a fifty-two week high of $53.82. The company has a debt-to-equity ratio of 5.41, a quick ratio of 2.64 and a current ratio of 4.33. The firm has a 50 day moving average price of $47.31 and a 200 day moving average price of $45.43. The company has a market capitalization of $4.02 billion, a PE ratio of 27.14, a price-to-earnings-growth ratio of 0.45 and a beta of 1.50.

Hilton Grand Vacations (NYSE:HGV) last posted its earnings results on Thursday, April 30th. The company reported $0.99 earnings per share for the quarter, beating the consensus estimate of $0.56 by $0.43. Hilton Grand Vacations had a net margin of 3.16% and a return on equity of 17.62%. The firm had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $1.27 billion. During the same quarter last year, the firm earned $0.09 EPS. The firm’s revenue for the quarter was up 11.9% on a year-over-year basis. Research analysts expect that Hilton Grand Vacations will post 5.11 earnings per share for the current year.

Insider Buying and Selling at Hilton Grand Vacations

In other Hilton Grand Vacations news, insider Charles R. Jr. Corbin sold 32,907 shares of the firm’s stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $47.66, for a total value of $1,568,347.62. Following the completion of the transaction, the insider owned 68,615 shares of the company’s stock, valued at $3,270,190.90. This trade represents a 32.41% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Mark D. Wang sold 190,813 shares of the firm’s stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $51.93, for a total transaction of $9,908,919.09. Following the completion of the transaction, the insider directly owned 904,241 shares of the company’s stock, valued at $46,957,235.13. This represents a 17.42% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 229,315 shares of company stock valued at $11,738,497 in the last 90 days. Company insiders own 3.10% of the company’s stock.

Institutional Investors Weigh In On Hilton Grand Vacations

Several institutional investors have recently modified their holdings of HGV. Arrowstreet Capital Limited Partnership lifted its position 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 last quarter. Norges Bank purchased a new stake in shares of Hilton Grand Vacations during the 4th quarter worth $32,871,000. Marshall Wace LLP lifted its position in shares of Hilton Grand Vacations by 142.6% during the 3rd quarter. Marshall Wace LLP now owns 1,163,538 shares of the company’s stock worth $48,648,000 after purchasing an additional 684,025 shares during the last quarter. UBS Group AG lifted its position in shares of Hilton Grand Vacations by 34.4% during the 3rd quarter. UBS Group AG now owns 2,258,391 shares of the company’s stock worth $94,423,000 after purchasing an additional 577,772 shares during the last quarter. Finally, Franklin Resources Inc. lifted its position in shares of Hilton Grand Vacations by 36.8% during the 4th quarter. Franklin Resources Inc. now owns 1,936,994 shares of the company’s stock worth $86,680,000 after purchasing an additional 521,109 shares during the last quarter. 97.23% of the stock is owned by hedge funds and other institutional investors.

Hilton Grand Vacations Company Profile

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.