Hilton Grand Vacations Inc. (NYSE:HGV) Receives Consensus Rating of “Hold” from Brokerages

Shares of Hilton Grand Vacations Inc. (NYSE:HGV) have earned an average recommendation of “Hold” from the ten analysts that are currently covering the firm, MarketBeat reports. Seven equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $56.00.

Several equities analysts recently issued reports on HGV shares. Weiss Ratings reissued a “hold (c)” rating on shares of Hilton Grand Vacations in a report on Friday, May 29th. Truist Financial increased their target price on Hilton Grand Vacations from $67.00 to $71.00 and gave the company a “buy” rating in a research report on Monday, May 18th. Wall Street Zen downgraded Hilton Grand Vacations from a “buy” rating to a “hold” rating in a report on Saturday, August 1st. Zacks Research lowered Hilton Grand Vacations from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 9th. Finally, Wells Fargo & Company decreased their price objective on Hilton Grand Vacations from $49.00 to $47.00 and set an “equal weight” rating for the company in a research note on Thursday, April 16th.

Insiders Place Their Bets

In other news, insider Carlos Hernandez sold 5,595 shares of the firm’s stock in a transaction dated Tuesday, May 19th. The shares were sold at an average price of $46.69, for a total value of $261,230.55. Following the sale, the insider directly owned 14,080 shares in the company, valued at approximately $657,395.20. This trade represents a 28.44% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Charles R. Jr. Corbin sold 32,907 shares of Hilton Grand Vacations stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $47.66, for a total transaction of $1,568,347.62. Following the completion of the transaction, the insider directly owned 68,615 shares in the company, valued at approximately $3,270,190.90. The trade was a 32.41% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 250,006 shares of company stock worth $12,708,905. 3.10% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Hilton Grand Vacations

Hedge funds and other institutional investors have recently bought and sold shares of the company. Persistent Asset Partners Ltd acquired a new stake in Hilton Grand Vacations in the second quarter valued at approximately $63,000. Bard Associates Inc. acquired a new position in shares of Hilton Grand Vacations during the fourth quarter worth $29,000. EverSource Wealth Advisors LLC lifted its holdings in shares of Hilton Grand Vacations by 743.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 641 shares of the company’s stock valued at $27,000 after purchasing an additional 565 shares during the last quarter. 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 purchasing an additional 440 shares during the last quarter. Finally, Kestra Advisory Services LLC acquired a new stake in shares of Hilton Grand Vacations in the 4th quarter worth $44,000. Hedge funds and other institutional investors own 97.23% of the company’s stock.

Hilton Grand Vacations Stock Up 0.0%

NYSE:HGV opened at $45.66 on Monday. The company has a debt-to-equity ratio of 6.18, a current ratio of 5.02 and a quick ratio of 3.20. Hilton Grand Vacations has a 1-year low of $36.79 and a 1-year high of $55.40. The company has a 50-day moving average of $50.38 and a 200 day moving average of $47.08. The firm has a market cap of $3.55 billion, a PE ratio of 25.80, a price-to-earnings-growth ratio of 0.43 and a beta of 1.53.

Hilton Grand Vacations (NYSE:HGV) last posted its earnings results on Thursday, July 30th. The company reported $0.89 EPS for the quarter, missing analysts’ consensus estimates of $0.94 by ($0.05). Hilton Grand Vacations had a net margin of 2.86% and a return on equity of 20.40%. The business had revenue of $1.36 billion for the quarter, compared to analysts’ expectations of $1.38 billion. During the same period last year, the business posted $0.54 EPS. The company’s revenue for the quarter was up 7.3% on a year-over-year basis. As a group, research analysts anticipate that Hilton Grand Vacations will post 4.79 EPS for the current fiscal year.

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.