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

Shares of Hilton Grand Vacations Inc. (NYSE:HGV) have earned an average rating of “Hold” from the seven brokerages that are covering the company, MarketBeat reports. One research analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating on the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $44.00.

Several brokerages have recently commented on HGV. Truist Financial dropped their target price on shares of Hilton Grand Vacations from $71.00 to $52.00 and set a “buy” rating for the company in a research report on Thursday, September 5th. The Goldman Sachs Group started coverage on shares of Hilton Grand Vacations in a research report on Wednesday, September 18th. They set a “sell” rating and a $31.00 price objective for the company. JPMorgan Chase & Co. downgraded Hilton Grand Vacations from an “overweight” rating to a “neutral” rating and reduced their target price for the company from $55.00 to $36.00 in a report on Friday, August 9th. Mizuho lowered their price target on Hilton Grand Vacations from $57.00 to $55.00 and set an “outperform” rating for the company in a report on Tuesday. Finally, Barclays raised their price objective on Hilton Grand Vacations from $40.00 to $44.00 and gave the company an “overweight” rating in a research note on Friday, November 8th.

Hilton Grand Vacations Stock Down 2.4 %

Shares of HGV opened at $41.84 on Friday. The stock has a market capitalization of $4.12 billion, a PE ratio of 47.55, a P/E/G ratio of 2.37 and a beta of 1.82. Hilton Grand Vacations has a 12 month low of $33.21 and a 12 month high of $49.02. The company has a current ratio of 4.83, a quick ratio of 3.08 and a debt-to-equity ratio of 3.32. The firm’s 50 day moving average is $37.64 and its 200-day moving average is $39.41.

Hilton Grand Vacations (NYSE:HGV) last released its earnings results on Thursday, November 7th. The company reported $0.67 earnings per share for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.03). Hilton Grand Vacations had a net margin of 2.01% and a return on equity of 16.44%. The company had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.29 billion. During the same quarter in the previous year, the company posted $0.98 earnings per share. The business’s revenue was up 28.3% compared to the same quarter last year. Equities research analysts forecast that Hilton Grand Vacations will post 3.49 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Vanguard Group Inc. grew its holdings in Hilton Grand Vacations by 1.0% during the 1st quarter. Vanguard Group Inc. now owns 7,546,080 shares of the company’s stock worth $356,250,000 after acquiring an additional 77,934 shares during the period. FMR LLC grew its position in shares of Hilton Grand Vacations by 39.0% during the 3rd quarter. FMR LLC now owns 3,271,387 shares of the company’s stock worth $118,817,000 after buying an additional 917,397 shares during the period. Millennium Management LLC increased its stake in shares of Hilton Grand Vacations by 44.5% in the 2nd quarter. Millennium Management LLC now owns 2,269,405 shares of the company’s stock valued at $91,752,000 after acquiring an additional 698,664 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Hilton Grand Vacations by 9.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,953,170 shares of the company’s stock valued at $78,961,000 after acquiring an additional 162,459 shares during the period. Finally, Long Pond Capital LP boosted its stake in Hilton Grand Vacations by 218.0% during the second quarter. Long Pond Capital LP now owns 1,200,920 shares of the company’s stock worth $48,553,000 after acquiring an additional 823,228 shares in the last quarter. 97.23% of the stock is owned by institutional investors.

Hilton Grand Vacations Company Profile

Hilton Grand Vacations Inc, a timeshare company, develops, markets, sells, manages, and operates the resorts, plans and ancillary reservation services under the Hilton Grand Vacations brand. It operates through Real Estate Sales and Financing, and Resort Operations and Club Management segments. Real Estate Sales and Financing segment market and sells the VOIs, and source VOIs through fee-for-service agreements with third-party developers; and provides consumer financing and services loans.