Hilton Grand Vacations (NYSE:HGV) Given New $50.00 Price Target at JMP Securities

Hilton Grand Vacations (NYSE:HGV) had its price target lowered by stock analysts at JMP Securities from $55.00 to $50.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage presently has a “market outperform” rating on the stock. JMP Securities’ price objective would indicate a potential upside of 25.22% from the stock’s current price.

Several other equities research analysts have also issued reports on the stock. StockNews.com upgraded shares of Hilton Grand Vacations from a “sell” rating to a “hold” rating in a research note on Wednesday, November 27th. Truist Financial dropped their price target on 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 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 report on Friday, December 13th. Mizuho cut their target price on shares of Hilton Grand Vacations from $57.00 to $55.00 and set an “outperform” rating for the company in a research report on Tuesday, November 12th. Finally, The Goldman Sachs Group boosted their price target on shares of Hilton Grand Vacations from $33.00 to $37.00 and gave the company a “sell” rating in a research report on Tuesday, December 10th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, Hilton Grand Vacations currently has a consensus rating of “Hold” and a consensus price target of $43.57.

Hilton Grand Vacations Stock Down 1.1 %

HGV traded down $0.43 during midday trading on Wednesday, hitting $39.93. The company had a trading volume of 36,997 shares, compared to its average volume of 787,565. The stock’s 50 day moving average price is $39.89 and its 200 day moving average price is $39.25. Hilton Grand Vacations has a 52 week low of $33.21 and a 52 week high of $49.02. The company has a market capitalization of $3.93 billion, a price-to-earnings ratio of 45.38, a PEG ratio of 2.25 and a beta of 1.85. The company has a quick ratio of 3.08, a current ratio of 4.83 and a debt-to-equity ratio of 3.32.

Hilton Grand Vacations (NYSE:HGV) last posted its quarterly 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 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 period last year, the company posted $0.98 earnings per share. The firm’s quarterly revenue was up 28.3% compared to the same quarter last year. On average, research analysts anticipate that Hilton Grand Vacations will post 3.43 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, insider Charles R. Jr. Corbin sold 49,389 shares of the business’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $41.55, for a total transaction of $2,052,112.95. Following the transaction, the insider now owns 88,532 shares in the company, valued at $3,678,504.60. The trade was a 35.81 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Principal Holdings A. Gp Apollo sold 4,000,000 shares of the stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $42.10, for a total value of $168,400,000.00. Following the completion of 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 position. The disclosure for this sale can be found here. 2.30% of the stock is owned by insiders.

Hedge Funds Weigh In On Hilton Grand Vacations

A number of hedge funds have recently bought and sold shares of the company. Reston Wealth Management LLC bought a new position in shares of Hilton Grand Vacations in the third quarter worth approximately $25,000. nVerses Capital LLC purchased a new stake in Hilton Grand Vacations during the 2nd quarter valued at $32,000. Blue Trust Inc. increased its holdings in shares of Hilton Grand Vacations by 141.7% in the 3rd quarter. Blue Trust Inc. now owns 1,003 shares of the company’s stock worth $36,000 after purchasing an additional 588 shares in the last quarter. Canada Pension Plan Investment Board purchased a new position in shares of Hilton Grand Vacations in the second quarter worth $93,000. Finally, Ashton Thomas Private Wealth LLC purchased a new stake in shares of Hilton Grand Vacations during the second quarter valued at $120,000. Institutional investors own 97.23% of the company’s stock.

About Hilton Grand Vacations

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.