Brokerages Set Hilton Grand Vacations Inc. (NYSE:HGV) Target Price at $43.57

Hilton Grand Vacations Inc. (NYSE:HGV) has received an average rating of “Hold” from the eight ratings firms that are covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to 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.

HGV has been the topic of several research analyst reports. Truist Financial reduced their price objective on Hilton Grand Vacations from $52.00 to $51.00 and set a “buy” rating on the stock in a research note on Tuesday, November 26th. Morgan Stanley started coverage on shares of Hilton Grand Vacations in a research report on Monday. They set an “overweight” rating and a $47.00 price target on the stock. Barclays reissued an “equal weight” rating and issued a $41.00 price objective (down previously from $44.00) on shares of Hilton Grand Vacations in a research report on Friday, December 13th. JMP Securities reduced their target price on shares of Hilton Grand Vacations from $55.00 to $50.00 and set a “market outperform” rating on the stock in a report on Wednesday, December 18th. Finally, The Goldman Sachs Group increased their price target on Hilton Grand Vacations from $33.00 to $37.00 and gave the company a “sell” rating in a report on Tuesday, December 10th.

Insider Buying and Selling at Hilton Grand Vacations

In related news, insider Charles R. Jr. Corbin sold 49,389 shares of the company’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $41.55, for a total value of $2,052,112.95. Following the completion of the transaction, the insider now directly owns 88,532 shares of the company’s stock, valued at approximately $3,678,504.60. This represents a 35.81 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Principal Holdings A. Gp Apollo sold 4,000,000 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $42.10, for a total transaction of $168,400,000.00. Following the transaction, the insider now directly owns 26,295,825 shares of the company’s stock, valued at $1,107,054,232.50. This represents a 13.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 2.30% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of HGV. Reston Wealth Management LLC acquired a new stake in Hilton Grand Vacations in the 3rd quarter worth about $25,000. Blue Trust Inc. boosted its stake in shares of Hilton Grand Vacations by 141.7% during the third quarter. Blue Trust Inc. now owns 1,003 shares of the company’s stock valued at $36,000 after purchasing an additional 588 shares in the last quarter. Canada Pension Plan Investment Board bought a new stake in Hilton Grand Vacations during the 2nd quarter worth approximately $93,000. Ashton Thomas Private Wealth LLC bought a new position in Hilton Grand Vacations during the 2nd quarter worth $120,000. Finally, Seven Eight Capital LP acquired a new position in shares of Hilton Grand Vacations in the second quarter worth approximately $380,000. 97.23% of the stock is currently owned by institutional investors and hedge funds.

Hilton Grand Vacations Stock Performance

Shares of HGV stock opened at $38.33 on Friday. The company has a debt-to-equity ratio of 3.32, a quick ratio of 3.08 and a current ratio of 4.83. The firm has a market capitalization of $3.78 billion, a price-to-earnings ratio of 43.56, a price-to-earnings-growth ratio of 2.22 and a beta of 1.86. Hilton Grand Vacations has a one year low of $33.21 and a one year high of $49.02. The company has a 50 day moving average price of $40.48 and a 200 day moving average price of $39.08.

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