Hilton Grand Vacations (NYSE:HGV) Given New $51.00 Price Target at Truist Financial

Hilton Grand Vacations (NYSE:HGV) had its price objective cut by Truist Financial from $52.00 to $51.00 in a report published on Tuesday morning,Benzinga reports. They currently have a buy rating on the stock.

HGV has been the topic of several other reports. Jefferies Financial Group lowered shares of Hilton Grand Vacations from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $55.00 to $35.00 in a report on Friday, August 9th. The Goldman Sachs Group assumed coverage on Hilton Grand Vacations in a research note on Wednesday, September 18th. They set a “sell” rating and a $31.00 price objective on the stock. StockNews.com lowered Hilton Grand Vacations from a “hold” rating to a “sell” rating in a research note on Monday, August 12th. JPMorgan Chase & Co. lowered Hilton Grand Vacations from an “overweight” rating to a “neutral” rating and reduced their price target for the stock from $55.00 to $36.00 in a research report on Friday, August 9th. Finally, Mizuho lowered 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. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $43.86.

Hilton Grand Vacations Stock Performance

NYSE HGV opened at $41.63 on Tuesday. Hilton Grand Vacations has a 52-week low of $33.21 and a 52-week high of $49.02. The company has a fifty day moving average of $38.55 and a 200-day moving average of $39.30. The company has a market capitalization of $4.10 billion, a P/E ratio of 47.31, a P/E/G ratio of 2.28 and a beta of 1.82. The company has a debt-to-equity ratio of 3.32, a quick ratio of 3.08 and a current ratio of 4.83.

Hilton Grand Vacations (NYSE:HGV) last posted its quarterly earnings data 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 firm had revenue of $1.31 billion during the quarter, compared to analysts’ expectations of $1.29 billion. Hilton Grand Vacations had a return on equity of 16.44% and a net margin of 2.01%. Hilton Grand Vacations’s revenue for the quarter was up 28.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.98 earnings per share. As a group, equities research analysts predict that Hilton Grand Vacations will post 3.49 EPS for the current fiscal year.

Insider Transactions at Hilton Grand Vacations

In related news, insider Charles R. Jr. Corbin sold 49,389 shares of the firm’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $41.55, for a total value of $2,052,112.95. Following the completion of the sale, the insider now owns 88,532 shares of the company’s stock, valued at $3,678,504.60. This trade represents a 35.81 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 2.30% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Blue Trust Inc. boosted its stake in shares of Hilton Grand Vacations by 141.7% during the 3rd 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. Reston Wealth Management LLC purchased a new stake in Hilton Grand Vacations in the third quarter worth about $25,000. nVerses Capital LLC bought a new stake in Hilton Grand Vacations during the 2nd quarter valued at approximately $32,000. MQS Management LLC grew its holdings in shares of Hilton Grand Vacations by 7.4% during the 2nd quarter. MQS Management LLC now owns 16,494 shares of the company’s stock worth $667,000 after acquiring an additional 1,135 shares during the period. Finally, Creative Planning raised its position in shares of Hilton Grand Vacations by 17.1% in the 3rd quarter. Creative Planning now owns 15,381 shares of the company’s stock worth $559,000 after acquiring an additional 2,245 shares in the last quarter. 97.23% of the stock is owned by hedge funds and other institutional investors.

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.