Hilton Grand Vacations Inc. (NYSE:HGV) Stock Has Average Price Target of $51.30

Hilton Grand Vacations Inc. (NYSE:HGV) has been assigned an average rating of “Hold” from the thirteen research firms that are currently covering the firm, Marketbeat Ratings reports. Three analysts have rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $50.40.

Several analysts recently issued reports on the stock. Susquehanna cut their target price on shares of Hilton Grand Vacations from $50.00 to $39.00 and set a “neutral” rating for the company in a research report on Thursday, October 15th. Weiss Ratings cut shares of Hilton Grand Vacations from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday. The Goldman Sachs Group decreased their price target on shares of Hilton Grand Vacations from $47.00 to $40.00 and set a “neutral” rating on the stock in a research report on Friday, October 16th. Truist Financial dropped their price target on shares of Hilton Grand Vacations from $71.00 to $69.00 and set a “buy” rating on the stock in a research note on Thursday, September 10th. Finally, JPMorgan Chase & Co. began coverage on shares of Hilton Grand Vacations in a research report on Thursday, October 8th. They set a “neutral” rating and a $39.00 price objective for the company.

Insider Buying and Selling

In other news, insider Charles Corbin, Jr. sold 20,691 shares of the firm’s stock in a transaction dated Thursday, August 6th. The stock was sold at an average price of $46.90, for a total value of $970,407.90. Following the transaction, the insider owned 47,924 shares of the company’s stock, valued at $2,247,635.60. This trade represents a 30.16% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 3.10% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in HGV. BlackRock Inc. bought a new position in Hilton Grand Vacations in the 2nd quarter worth $422,842,000. Bank of America Corp DE purchased a new stake in Hilton Grand Vacations in the 2nd quarter worth $12,947,000. Engineers Gate Manager LP increased its stake in Hilton Grand Vacations by 690.7% in the 2nd quarter. Engineers Gate Manager LP now owns 41,535 shares of the company’s stock worth $2,175,000 after buying an additional 36,282 shares in the last quarter. Bank of New York Mellon Corp bought a new stake in Hilton Grand Vacations during the second quarter valued at about $18,750,000. Finally, Parsifal Capital Management LP bought a new stake in Hilton Grand Vacations during the second quarter valued at about $108,863,038. 97.23% of the stock is currently owned by institutional investors.

Hilton Grand Vacations Trading Down 3.2%

Shares of NYSE:HGV opened at $35.90 on Friday. The stock has a market capitalization of $2.79 billion, a price-to-earnings ratio of 20.28, a PEG ratio of 0.38 and a beta of 1.61. The company has a debt-to-equity ratio of 6.18, a quick ratio of 3.20 and a current ratio of 5.02. The stock’s 50-day simple moving average is $38.54 and its two-hundred day simple moving average is $45.10. Hilton Grand Vacations has a 52-week low of $33.99 and a 52-week high of $55.40.

Hilton Grand Vacations (NYSE:HGV) last released its quarterly earnings results on Thursday, July 30th. The company reported $0.89 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.94 by ($0.05). Hilton Grand Vacations had a net margin of 2.86% and a return on equity of 20.40%. The firm had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.38 billion. During the same quarter in the prior year, the firm earned $0.54 earnings per share. The company’s revenue for the quarter was up 7.3% compared to the same quarter last year. Analysts expect that Hilton Grand Vacations will post 4.48 EPS for the current year.

Hilton Grand Vacations announced that its board has initiated a stock buyback plan on Thursday, August 20th that authorizes the company to repurchase $600.00 million in outstanding shares. This buyback authorization authorizes the company to purchase up to 17% of its shares through open market purchases. Share buyback plans are generally an indication that the company’s board of directors believes its stock is undervalued.

Hilton Grand Vacations Company Profile

Hilton Grand Vacations Inc (NYSE:HGV) is a global vacation ownership company that markets and sells vacation intervals, points-based memberships and related travel experiences. Its portfolio includes branded vacation ownership resorts and accommodations in popular leisure destinations, with products designed to provide members with recurring access to vacation properties.

The company also provides resort management, reservation and customer services, financing for vacation ownership purchases, and exchange and travel-planning services.