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

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

HGV has been the subject of several recent research reports. Jefferies Financial Group cut shares of Hilton Grand Vacations from a “buy” rating to a “hold” rating and decreased their price target for the company from $55.00 to $35.00 in a research report on Friday, August 9th. JPMorgan Chase & Co. cut shares of Hilton Grand Vacations from an “overweight” rating to a “neutral” rating and decreased their price target for the company from $55.00 to $36.00 in a research report on Friday, August 9th. Barclays raised their price target on shares of Hilton Grand Vacations from $40.00 to $44.00 and gave the company an “overweight” rating in a research report on Friday, November 8th. Truist Financial decreased their price target 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, The Goldman Sachs Group initiated coverage on shares of Hilton Grand Vacations in a research report on Wednesday, September 18th. They issued a “sell” rating and a $31.00 price target for the company.

Institutional Investors Weigh In On Hilton Grand Vacations

Several institutional investors have recently modified their holdings of the company. Barclays PLC raised its stake in Hilton Grand Vacations by 330.8% during the 3rd quarter. Barclays PLC now owns 246,131 shares of the company’s stock worth $8,941,000 after acquiring an additional 188,997 shares in the last quarter. Weiss Asset Management LP acquired a new stake in Hilton Grand Vacations during the 3rd quarter worth $745,000. Hotchkis & Wiley Capital Management LLC raised its stake in Hilton Grand Vacations by 11.2% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 242,350 shares of the company’s stock worth $8,802,000 after acquiring an additional 24,330 shares in the last quarter. Holocene Advisors LP raised its stake 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 acquiring an additional 41,670 shares in the last quarter. Finally, Centiva Capital LP acquired a new stake in Hilton Grand Vacations during the 3rd quarter worth $517,000. 97.23% of the stock is owned by hedge funds and other institutional investors.

Hilton Grand Vacations Stock Up 1.8 %

Hilton Grand Vacations stock opened at $42.17 on Friday. 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 50 day moving average price of $38.20 and a 200 day moving average price of $39.37. The company has a market capitalization of $4.15 billion, a PE ratio of 47.09, a price-to-earnings-growth ratio of 2.21 and a beta of 1.82.

Hilton Grand Vacations (NYSE:HGV) last posted its earnings results on Thursday, November 7th. The company reported $0.67 earnings per share for the quarter, missing the consensus estimate 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 company had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.29 billion. During the same quarter last year, the business posted $0.98 EPS. The firm’s revenue for the quarter was up 28.3% on a year-over-year basis. Research analysts expect that Hilton Grand Vacations will post 3.49 earnings per share for the current year.

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.