Hilton Grand Vacations Inc. (NYSE:HGV) Given Consensus Recommendation of “Hold” by Analysts

Shares of Hilton Grand Vacations Inc. (NYSE:HGV) have earned an average recommendation of “Hold” from the eight ratings firms that are currently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $44.00.

HGV has been the subject of several research analyst reports. 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. The Goldman Sachs Group lifted their target price on Hilton Grand Vacations from $33.00 to $37.00 and gave the stock a “sell” rating in a report on Tuesday, December 10th. Truist Financial cut their price target on Hilton Grand Vacations from $52.00 to $51.00 and set a “buy” rating on the stock in a report on Tuesday, November 26th. Barclays reiterated an “equal weight” rating and issued a $41.00 price objective (down previously from $44.00) on shares of Hilton Grand Vacations in a research note on Friday, December 13th. Finally, Morgan Stanley initiated coverage on shares of Hilton Grand Vacations in a research note on Monday, January 6th. They set an “overweight” rating and a $47.00 target price on the stock.

Insider Activity

In other Hilton Grand Vacations news, major shareholder Principal Holdings A. Gp Apollo sold 4,000,000 shares of the firm’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $42.10, for a total transaction of $168,400,000.00. Following the transaction, the insider now directly owns 26,295,825 shares in the company, valued at approximately $1,107,054,232.50. This trade represents a 13.20 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Charles R. Jr. Corbin sold 49,389 shares of Hilton Grand Vacations stock in a transaction on 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 transaction, the insider now directly owns 88,532 shares in the company, valued at $3,678,504.60. This represents a 35.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 2.30% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. Franklin Resources Inc. grew its position in Hilton Grand Vacations by 17.8% in the 3rd quarter. Franklin Resources Inc. now owns 3,298,729 shares of the company’s stock worth $117,402,000 after purchasing an additional 499,067 shares in the last quarter. Barclays PLC boosted its stake in shares of Hilton Grand Vacations by 330.8% in the 3rd quarter. Barclays PLC now owns 246,131 shares of the company’s stock worth $8,941,000 after buying an additional 188,997 shares during the last quarter. Barnett & Company Inc. bought a new position in shares of Hilton Grand Vacations in the third quarter valued at approximately $1,190,000. Covey Capital Advisors LLC increased its position in shares of Hilton Grand Vacations by 368.8% during the third quarter. Covey Capital Advisors LLC now owns 49,148 shares of the company’s stock valued at $1,785,000 after acquiring an additional 38,664 shares during the last quarter. Finally, PB Investment Partners L.P. lifted its holdings in Hilton Grand Vacations by 5.9% during the fourth quarter. PB Investment Partners L.P. now owns 571,414 shares of the company’s stock worth $22,257,000 after acquiring an additional 31,939 shares during the period. 97.23% of the stock is owned by institutional investors.

Hilton Grand Vacations Stock Up 0.8 %

Hilton Grand Vacations stock opened at $41.16 on Thursday. The firm has a market cap of $4.05 billion, a price-to-earnings ratio of 46.77, a PEG ratio of 2.16 and a beta of 1.85. Hilton Grand Vacations has a 52-week low of $33.21 and a 52-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 $40.21 and a two-hundred day moving average price of $39.03.

Hilton Grand Vacations (NYSE:HGV) last announced its 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). The firm had revenue of $1.31 billion for the quarter, compared to the consensus estimate 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 quarterly revenue was up 28.3% on a year-over-year basis. During the same period in the prior year, the business earned $0.98 EPS. Equities analysts predict that Hilton Grand Vacations will post 3.39 EPS 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.