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

Shares of Hilton Grand Vacations Inc. (NYSE:HGV) have been assigned a consensus recommendation of “Hold” from the seven research firms that are presently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell recommendation, three have given a hold recommendation and three have issued a buy recommendation on the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $43.57.

Several analysts have recently issued reports on the stock. Truist Financial dropped their target price on shares of Hilton Grand Vacations from $52.00 to $51.00 and set a “buy” rating on the stock in a research report on Tuesday, November 26th. Barclays reiterated an “equal weight” rating and set a $41.00 price objective (down from $44.00) on shares of Hilton Grand Vacations in a research note on Friday, December 13th. The Goldman Sachs Group raised their target price on Hilton Grand Vacations from $33.00 to $37.00 and gave the company a “sell” rating in a research report on Tuesday, December 10th. JMP Securities dropped their price target on Hilton Grand Vacations from $55.00 to $50.00 and set a “market outperform” rating for the company in a research report on Wednesday, December 18th. Finally, StockNews.com upgraded Hilton Grand Vacations from a “sell” rating to a “hold” rating in a report on Wednesday, November 27th.

Insiders Place Their Bets

In other Hilton Grand Vacations news, major shareholder Principal Holdings A. Gp Apollo sold 4,000,000 shares of the business’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $42.10, for a total value of $168,400,000.00. Following the transaction, the insider now directly owns 26,295,825 shares in the company, valued at $1,107,054,232.50. The trade was a 13.20 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Charles R. Jr. Corbin sold 49,389 shares of the stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $41.55, for a total transaction of $2,052,112.95. Following the completion of the sale, the insider now directly owns 88,532 shares of the company’s stock, valued at approximately $3,678,504.60. This trade represents a 35.81 % decrease in their position. The disclosure for this sale can be found here. 2.30% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Hilton Grand Vacations

A number of institutional investors and hedge funds have recently added to or reduced their stakes in HGV. Reston Wealth Management LLC acquired a new stake in shares of Hilton Grand Vacations during the 3rd quarter worth about $25,000. Blue Trust Inc. boosted its stake in Hilton Grand Vacations by 141.7% during the third quarter. Blue Trust Inc. now owns 1,003 shares of the company’s stock worth $36,000 after buying an additional 588 shares during the period. Canada Pension Plan Investment Board purchased a new stake in shares of Hilton Grand Vacations in the 2nd quarter valued at approximately $93,000. Ashton Thomas Private Wealth LLC acquired a new position in shares of Hilton Grand Vacations in the 2nd quarter worth approximately $120,000. Finally, Wittenberg Investment Management Inc. purchased a new position in shares of Hilton Grand Vacations during the 3rd quarter worth approximately $345,000. Hedge funds and other institutional investors own 97.23% of the company’s stock.

Hilton Grand Vacations Stock Performance

NYSE HGV opened at $37.65 on Friday. The stock has a market capitalization of $3.71 billion, a price-to-earnings ratio of 42.78, a PEG ratio of 2.22 and a beta of 1.86. The stock has a 50-day moving average of $40.44 and a 200 day moving average of $39.13. The company has a current ratio of 4.83, a quick ratio of 3.08 and a debt-to-equity ratio of 3.32. Hilton Grand Vacations has a twelve month low of $33.21 and a twelve month high of $49.02.

Hilton Grand Vacations (NYSE:HGV) last announced its earnings results on Thursday, November 7th. The company reported $0.67 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.03). The business had revenue of $1.31 billion for the quarter, compared to analysts’ expectations of $1.29 billion. Hilton Grand Vacations had a net margin of 2.01% and a return on equity of 16.44%. The company’s quarterly revenue was up 28.3% on a year-over-year basis. During the same quarter last year, the business earned $0.98 EPS. Sell-side analysts anticipate that Hilton Grand Vacations will post 3.43 EPS for the current fiscal year.

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.