Truist Financial Lowers Hilton Grand Vacations (NYSE:HGV) Price Target to $51.00

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

Several other research firms also recently weighed in on HGV. Barclays lifted their target price on shares of Hilton Grand Vacations from $40.00 to $44.00 and gave the stock an “overweight” rating in a research note on Friday, November 8th. Jefferies Financial Group cut shares of Hilton Grand Vacations from a “buy” rating to a “hold” rating and lowered their target price for the company from $55.00 to $35.00 in a report on Friday, August 9th. JPMorgan Chase & Co. lowered Hilton Grand Vacations from an “overweight” rating to a “neutral” rating and cut their price target for the stock from $55.00 to $36.00 in a report on Friday, August 9th. StockNews.com lowered Hilton Grand Vacations from a “hold” rating to a “sell” rating in a research note on Monday, August 12th. Finally, The Goldman Sachs Group began coverage on Hilton Grand Vacations in a research note on Wednesday, September 18th. They issued a “sell” rating and a $31.00 target price for the company. One analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $43.86.

Hilton Grand Vacations Trading Up 1.6 %

Shares of HGV stock opened at $42.40 on Tuesday. The company has a quick ratio of 3.08, a current ratio of 4.83 and a debt-to-equity ratio of 3.32. The firm has a market cap of $4.18 billion, a P/E ratio of 48.18, a PEG ratio of 2.27 and a beta of 1.82. The company has a 50 day moving average of $38.84 and a 200-day moving average of $39.33. Hilton Grand Vacations has a 12-month low of $33.21 and a 12-month high of $49.02.

Hilton Grand Vacations (NYSE:HGV) last released its 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). Hilton Grand Vacations had a return on equity of 16.44% and a net margin of 2.01%. The firm had revenue of $1.31 billion during the quarter, compared to analysts’ expectations of $1.29 billion. During the same period in the prior year, the business earned $0.98 earnings per share. The business’s quarterly revenue was up 28.3% compared to the same quarter last year. Sell-side analysts anticipate that Hilton Grand Vacations will post 3.48 earnings per share for the current year.

Insider Buying and Selling at Hilton Grand Vacations

In other Hilton Grand Vacations news, insider Charles R. Jr. Corbin sold 49,389 shares of the firm’s stock in a transaction dated Thursday, November 21st. The stock was 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 in the company, valued at $3,678,504.60. This trade represents a 35.81 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, major shareholder Principal Holdings A. Gp Apollo sold 4,000,000 shares of the company’s stock in a transaction dated Monday, November 25th. The stock was 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 of the company’s stock, valued at $1,107,054,232.50. The trade was a 13.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 2.30% of the company’s stock.

Institutional Trading of Hilton Grand Vacations

A number of hedge funds have recently bought and sold shares of HGV. Blue Trust Inc. lifted its stake in Hilton Grand Vacations by 141.7% in the third quarter. Blue Trust Inc. now owns 1,003 shares of the company’s stock worth $36,000 after purchasing an additional 588 shares during the last quarter. Reston Wealth Management LLC bought a new stake in shares of Hilton Grand Vacations in the 3rd quarter valued at about $25,000. nVerses Capital LLC purchased a new stake in Hilton Grand Vacations during the 2nd quarter valued at about $32,000. MQS Management LLC grew its position in 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 last quarter. Finally, Creative Planning increased its stake in 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 purchasing an additional 2,245 shares during the period. 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.