Hilton Grand Vacations Inc. (NYSE:HGV) Stock Has Consensus Target Price of $54.67

Shares of Hilton Grand Vacations Inc. (NYSE:HGV) have earned an average rating of “Hold” from the twelve analysts that are presently covering the firm, MarketBeat Ratings reports. Eight equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $54.67.

A number of analysts have commented on HGV shares. Susquehanna initiated coverage on Hilton Grand Vacations in a report on Tuesday, August 18th. They issued a “neutral” rating and a $50.00 target price for the company. The Goldman Sachs Group lowered their price target on Hilton Grand Vacations from $55.00 to $47.00 and set a “neutral” rating on the stock in a report on Friday, July 31st. Zacks Research cut Hilton Grand Vacations from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 9th. Wall Street Zen downgraded Hilton Grand Vacations from a “buy” rating to a “hold” rating in a report on Saturday, August 1st. Finally, Morgan Stanley reduced their price objective on Hilton Grand Vacations from $58.00 to $54.00 and set an “equal weight” rating for the company in a report on Tuesday, August 18th.

Insider Activity

In other news, insider Charles Corbin, Jr. sold 20,691 shares of Hilton Grand Vacations stock in a transaction that occurred on Thursday, August 6th. The shares were sold at an average price of $46.90, for a total value of $970,407.90. Following the completion of the sale, the insider directly owned 47,924 shares in the company, valued at $2,247,635.60. The trade was a 30.16% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 3.10% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in HGV. Persistent Asset Partners Ltd bought a new stake in Hilton Grand Vacations in the 2nd quarter worth approximately $63,000. Oregon Public Employees Retirement Fund lifted its holdings in shares of Hilton Grand Vacations by 3.4% during the 1st quarter. Oregon Public Employees Retirement Fund now owns 12,322 shares of the company’s stock valued at $482,000 after buying an additional 400 shares during the period. Leonteq Securities AG lifted its holdings in shares of Hilton Grand Vacations by 189.7% during the 1st quarter. Leonteq Securities AG now owns 672 shares of the company’s stock valued at $26,000 after buying an additional 440 shares during the period. Bard Associates Inc. purchased a new position in shares of Hilton Grand Vacations in the 4th quarter worth $29,000. Finally, Nykredit A S purchased a new position in shares of Hilton Grand Vacations in the 2nd quarter worth $38,000. Institutional investors own 97.23% of the company’s stock.

Hilton Grand Vacations Trading Up 2.0%

NYSE:HGV opened at $35.77 on Tuesday. The stock has a market cap of $2.78 billion, a price-to-earnings ratio of 20.21, a PEG ratio of 0.35 and a beta of 1.50. The company has a quick ratio of 3.20, a current ratio of 5.02 and a debt-to-equity ratio of 6.18. The company’s 50 day moving average price is $43.31 and its 200-day moving average price is $45.89. Hilton Grand Vacations has a 52 week low of $34.61 and a 52 week high of $55.40.

Hilton Grand Vacations (NYSE:HGV) last announced its quarterly earnings data on Thursday, July 30th. The company reported $0.89 earnings per share for the quarter, missing analysts’ consensus estimates of $0.94 by ($0.05). The firm had revenue of $1.36 billion during the quarter, compared to analysts’ expectations of $1.38 billion. Hilton Grand Vacations had a return on equity of 20.40% and a net margin of 2.86%.Hilton Grand Vacations’s revenue was up 7.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.54 earnings per share. On average, equities research analysts forecast that Hilton Grand Vacations will post 4.61 earnings per share for the current fiscal year.

Hilton Grand Vacations announced that its Board of Directors has initiated a share repurchase plan on Thursday, August 20th that authorizes the company to buyback $600.00 million in outstanding shares. This buyback authorization authorizes the company to reacquire up to 17% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s leadership believes its stock is undervalued.

Hilton Grand Vacations Company Profile

Hilton Grand Vacations Inc (NYSE:HGV) is a vacation ownership company that develops, markets, sells and manages timeshare interests and related vacation experiences. Its products generally provide members with an allotment of vacation time or points that can be used at participating resorts and accommodations.

The company serves vacation owners through resort properties and membership programs under brands including Hilton Grand Vacations, The Hilton Club and HGV Max. Its offerings may include access to resort accommodations, exchange programs, travel services and other member benefits.