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

Hilton Grand Vacations Inc. (NYSE:HGV) has been assigned an average rating of “Hold” from the eight research firms that are currently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating on the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $44.00.

HGV has been the topic of several analyst reports. Barclays restated an “equal weight” rating and set a $41.00 price target (down previously from $44.00) on shares of Hilton Grand Vacations in a research report on Friday, December 13th. Truist Financial cut their price target on Hilton Grand Vacations from $52.00 to $51.00 and set a “buy” rating for the company in a research note on Tuesday, November 26th. JMP Securities lowered their price target on Hilton Grand Vacations from $55.00 to $50.00 and set a “market outperform” rating on the stock in a research report on Wednesday, December 18th. Mizuho cut their price objective on 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, Morgan Stanley began coverage on Hilton Grand Vacations in a research report on Monday, January 6th. They set an “overweight” rating and a $47.00 target price on the stock.

Hilton Grand Vacations Stock Performance

NYSE HGV opened at $41.52 on Thursday. Hilton Grand Vacations has a fifty-two week low of $33.21 and a fifty-two week high of $49.02. 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 $4.09 billion, a P/E ratio of 47.18, a PEG ratio of 2.12 and a beta of 1.86. The stock has a 50-day simple moving average of $40.28 and a two-hundred day simple moving average of $39.11.

Hilton Grand Vacations (NYSE:HGV) last announced its quarterly 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 company had revenue of $1.31 billion during the quarter, compared to analyst estimates 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 revenue was up 28.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.98 earnings per share. On average, equities analysts forecast that Hilton Grand Vacations will post 3.44 earnings per share for the current year.

Insiders Place Their Bets

In other news, insider Charles R. Jr. Corbin sold 49,389 shares of Hilton Grand Vacations 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 sale, the insider now owns 88,532 shares of the company’s stock, valued at approximately $3,678,504.60. The trade was a 35.81 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Principal Holdings A. Gp Apollo sold 4,000,000 shares of the company’s stock in a transaction that occurred on 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 completion of the transaction, the insider now owns 26,295,825 shares in the company, 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. Corporate insiders own 2.30% of the company’s stock.

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. FMR LLC increased 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 purchasing an additional 917,397 shares during the last quarter. Franklin Resources Inc. increased its position in shares of Hilton Grand Vacations by 17.8% during the third quarter. Franklin Resources Inc. now owns 3,298,729 shares of the company’s stock valued at $117,402,000 after acquiring an additional 499,067 shares during the last quarter. Barclays PLC increased its position in shares of Hilton Grand Vacations by 330.8% during the third quarter. Barclays PLC now owns 246,131 shares of the company’s stock valued at $8,941,000 after acquiring an additional 188,997 shares during the last quarter. Edgestream Partners L.P. purchased a new stake in shares of Hilton Grand Vacations in the 3rd quarter valued at approximately $2,688,000. Finally, Intech Investment Management LLC acquired a new position in shares of Hilton Grand Vacations in the 3rd quarter worth approximately $2,385,000. Hedge funds and other institutional investors own 97.23% of the company’s stock.

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.