Shares of Hilton Grand Vacations Inc. (NYSE:HGV – Get Free Report) have received an average recommendation of “Moderate Buy” from the seven research firms that are presently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and five have given a buy recommendation to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $53.2857.
A number of research firms have recently commented on HGV. Barclays increased their price target on shares of Hilton Grand Vacations from $42.00 to $49.00 and gave the company an “equal weight” rating in a report on Friday, August 1st. The Goldman Sachs Group reiterated a “sell” rating and issued a $39.00 price target on shares of Hilton Grand Vacations in a research report on Friday, August 1st. Truist Financial reduced their price objective on shares of Hilton Grand Vacations from $63.00 to $62.00 and set a “buy” rating for the company in a research note on Thursday, August 21st. Deutsche Bank Aktiengesellschaft set a $59.00 price objective on shares of Hilton Grand Vacations and gave the stock a “buy” rating in a research note on Monday, August 4th. Finally, Mizuho raised their target price on shares of Hilton Grand Vacations from $73.00 to $76.00 and gave the company an “outperform” rating in a research note on Friday, August 1st.
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Insider Activity
In other news, insider Mark D. Wang sold 46,364 shares of the firm’s stock in a transaction dated Wednesday, August 27th. The shares were sold at an average price of $47.34, for a total value of $2,194,871.76. Following the completion of the sale, the insider owned 801,681 shares in the company, valued at approximately $37,951,578.54. This trade represents a 5.47% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 2.70% of the company’s stock.
Institutional Investors Weigh In On Hilton Grand Vacations
Several large investors have recently modified their holdings of HGV. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Hilton Grand Vacations by 0.8% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 40,689 shares of the company’s stock worth $1,585,000 after buying an additional 303 shares during the last quarter. Covey Capital Advisors LLC grew its position in Hilton Grand Vacations by 0.8% during the 1st quarter. Covey Capital Advisors LLC now owns 44,599 shares of the company’s stock worth $1,668,000 after purchasing an additional 357 shares during the last quarter. Fifth Third Bancorp lifted its stake in Hilton Grand Vacations by 8.8% during the 1st quarter. Fifth Third Bancorp now owns 4,489 shares of the company’s stock valued at $168,000 after acquiring an additional 364 shares during the period. Signaturefd LLC lifted its stake in Hilton Grand Vacations by 136.9% during the 1st quarter. Signaturefd LLC now owns 860 shares of the company’s stock valued at $32,000 after acquiring an additional 497 shares during the period. Finally, Nomura Asset Management Co. Ltd. lifted its stake in Hilton Grand Vacations by 136.8% during the 2nd quarter. Nomura Asset Management Co. Ltd. now owns 900 shares of the company’s stock valued at $37,000 after acquiring an additional 520 shares during the period. Institutional investors own 97.23% of the company’s stock.
Hilton Grand Vacations Stock Performance
Hilton Grand Vacations stock opened at $45.30 on Friday. The company has a quick ratio of 2.77, a current ratio of 4.43 and a debt-to-equity ratio of 4.31. The company has a market capitalization of $4.03 billion, a PE ratio of 82.36, a P/E/G ratio of 3.85 and a beta of 1.67. The firm has a fifty day simple moving average of $46.67 and a two-hundred day simple moving average of $41.06. Hilton Grand Vacations has a twelve month low of $30.59 and a twelve month high of $52.08.
Hilton Grand Vacations (NYSE:HGV – Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The company reported $0.54 EPS for the quarter, missing the consensus estimate of $0.78 by ($0.24). The firm had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $1.38 billion. Hilton Grand Vacations had a net margin of 1.14% and a return on equity of 9.71%. The business’s revenue was up 2.5% on a year-over-year basis. During the same period last year, the company posted $0.62 earnings per share. Research analysts expect that Hilton Grand Vacations will post 3.39 EPS for the current year.
Hilton Grand Vacations announced that its board has initiated a stock buyback program on Wednesday, August 13th that permits the company to repurchase $0.00 in shares. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s management believes its shares are undervalued.
About Hilton Grand Vacations
(Get Free Report)
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.
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Brokerages Set Hilton Grand Vacations Inc. (NYSE:HGV) Price Target at $53.29
