Hilton Grand Vacations (NYSE:HGV) Coverage Initiated at The Goldman Sachs Group

The Goldman Sachs Group started coverage on shares of Hilton Grand Vacations (NYSE:HGV) in a research report released on Wednesday morning, Marketbeat.com reports. The brokerage issued a sell rating and a $31.00 target price on the stock.

Other equities research analysts also recently issued research reports about the company. JPMorgan Chase & Co. downgraded Hilton Grand Vacations from an overweight rating to a neutral rating and dropped their target price for the stock from $55.00 to $36.00 in a report on Friday, August 9th. Mizuho dropped their target price on Hilton Grand Vacations from $63.00 to $57.00 and set an outperform rating for the company in a report on Friday, August 9th. StockNews.com downgraded Hilton Grand Vacations from a hold rating to a sell rating in a report on Monday, August 12th. Barclays dropped their target price on Hilton Grand Vacations from $54.00 to $40.00 and set an overweight rating for the company in a report on Friday, August 9th. Finally, Truist Financial dropped their target price on Hilton Grand Vacations from $71.00 to $52.00 and set a buy rating for the company in a report on Thursday, September 5th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of Hold and an average price target of $43.71.

Hilton Grand Vacations Trading Down 0.4 %

HGV stock opened at $37.16 on Wednesday. The company has a debt-to-equity ratio of 3.18, a current ratio of 4.36 and a quick ratio of 2.97. The company has a fifty day moving average price of $38.66 and a two-hundred day moving average price of $41.37. Hilton Grand Vacations has a one year low of $33.13 and a one year high of $49.02. The stock has a market cap of $3.85 billion, a price-to-earnings ratio of 17.53, a price-to-earnings-growth ratio of 2.05 and a beta of 1.83.

Hilton Grand Vacations (NYSE:HGV) last released its quarterly earnings data on Thursday, August 8th. The company reported $0.62 EPS for the quarter, missing analysts’ consensus estimates of $0.89 by ($0.27). Hilton Grand Vacations had a return on equity of 18.06% and a net margin of 3.57%. The company had revenue of $1.24 billion for the quarter, compared to the consensus estimate of $1.33 billion. During the same period last year, the firm earned $0.85 earnings per share. The company’s revenue for the quarter was up 22.6% compared to the same quarter last year. Equities analysts anticipate that Hilton Grand Vacations will post 3.27 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. raised its stake in Hilton Grand Vacations by 1.0% during the first quarter. Vanguard Group Inc. now owns 7,546,080 shares of the company’s stock worth $356,250,000 after acquiring an additional 77,934 shares in the last quarter. Parsifal Capital Management LP raised its stake in Hilton Grand Vacations by 6.0% during the fourth quarter. Parsifal Capital Management LP now owns 3,984,755 shares of the company’s stock worth $160,107,000 after acquiring an additional 225,893 shares in the last quarter. Franklin Resources Inc. raised its stake in Hilton Grand Vacations by 6.9% during the fourth quarter. Franklin Resources Inc. now owns 3,037,372 shares of the company’s stock worth $122,042,000 after acquiring an additional 195,485 shares in the last quarter. Millennium Management LLC raised its stake in Hilton Grand Vacations by 44.5% during the second quarter. Millennium Management LLC now owns 2,269,405 shares of the company’s stock worth $91,752,000 after acquiring an additional 698,664 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in Hilton Grand Vacations by 9.1% during the second quarter. Dimensional Fund Advisors LP now owns 1,953,170 shares of the company’s stock worth $78,961,000 after acquiring an additional 162,459 shares in the last quarter. 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.