Brokerages Set Hilton Grand Vacations Inc. (NYSE:HGV) Target Price at $44.00

Hilton Grand Vacations Inc. (NYSE:HGV) has been assigned an average rating of “Hold” from the seven research firms that are covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and four have issued a buy recommendation 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 a number of recent analyst reports. StockNews.com downgraded Hilton Grand Vacations from a “hold” rating to a “sell” rating in a research note on Monday, August 12th. Mizuho reduced their price objective on shares of Hilton Grand Vacations from $57.00 to $55.00 and set an “outperform” rating for the company in a research note on Tuesday, November 12th. JPMorgan Chase & Co. lowered shares of Hilton Grand Vacations from an “overweight” rating to a “neutral” rating and lowered their target price for the company from $55.00 to $36.00 in a research note on Friday, August 9th. Truist Financial cut their target price on shares of Hilton Grand Vacations from $71.00 to $52.00 and set a “buy” rating for the company in a research report on Thursday, September 5th. Finally, Jefferies Financial Group downgraded Hilton Grand Vacations from a “buy” rating to a “hold” rating and lowered their price target for the company from $55.00 to $35.00 in a research report on Friday, August 9th.

Hilton Grand Vacations Stock Performance

Shares of NYSE HGV opened at $41.44 on Friday. The company has a debt-to-equity ratio of 3.32, a current ratio of 4.83 and a quick ratio of 3.08. Hilton Grand Vacations has a one year low of $33.21 and a one year high of $49.02. The business’s 50-day moving average price is $37.74 and its two-hundred day moving average price is $39.37. The company has a market capitalization of $4.08 billion, a P/E ratio of 47.56, a price-to-earnings-growth ratio of 2.27 and a beta of 1.82.

Hilton Grand Vacations (NYSE:HGV) last released 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 net margin of 2.01% and a return on equity of 16.44%. The business had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.29 billion. During the same quarter in the prior year, the business posted $0.98 EPS. The firm’s revenue for the quarter was up 28.3% compared to the same quarter last year. Analysts anticipate that Hilton Grand Vacations will post 3.49 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Barclays PLC raised its position in Hilton Grand Vacations by 330.8% in the 3rd quarter. Barclays PLC now owns 246,131 shares of the company’s stock valued at $8,941,000 after purchasing an additional 188,997 shares during the last quarter. Weiss Asset Management LP acquired a new stake in shares of Hilton Grand Vacations in the third quarter valued at $745,000. Hotchkis & Wiley Capital Management LLC raised its holdings in shares of Hilton Grand Vacations by 11.2% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 242,350 shares of the company’s stock valued at $8,802,000 after buying an additional 24,330 shares during the last quarter. Holocene Advisors LP lifted its position in Hilton Grand Vacations by 56.0% during the 3rd quarter. Holocene Advisors LP now owns 116,072 shares of the company’s stock worth $4,216,000 after buying an additional 41,670 shares in the last quarter. Finally, Centiva Capital LP bought a new stake in Hilton Grand Vacations during the 3rd quarter worth about $517,000. Institutional investors and hedge funds 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.