Nomura Increases Hilton Grand Vacations Inc. (NYSE:HGV) Price Target to $45.00
Hilton Grand Vacations Inc. (NYSE:HGV) had its price objective boosted by Nomura from $44.00 to $45.00 in a report published on Thursday morning. The brokerage currently has a buy rating on the stock.
Other equities research analysts have also recently issued research reports about the company. Janney Montgomery Scott restated a buy rating and set a $38.00 target price on shares of Hilton Grand Vacations in a research note on Thursday, April 20th. Zacks Investment Research upgraded Hilton Grand Vacations from a hold rating to a buy rating and set a $40.00 target price for the company in a research note on Tuesday, May 9th. Buckingham Research started coverage on Hilton Grand Vacations in a research note on Monday, June 19th. They set a buy rating and a $42.00 target price for the company. Finally, J P Morgan Chase & Co started coverage on Hilton Grand Vacations in a research note on Wednesday, April 12th. They set an overweight rating and a $37.00 target price for the company. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The stock currently has a consensus rating of Buy and an average target price of $38.56.
Hilton Grand Vacations (NYSE:HGV) traded down 1.82% during trading on Thursday, hitting $36.17. 624,421 shares of the stock traded hands. The company has a market cap of $3.58 billion and a P/E ratio of 20.59. The company’s 50 day moving average price is $36.26 and its 200 day moving average price is $32.60. Hilton Grand Vacations has a 12 month low of $24.60 and a 12 month high of $37.94.
Hilton Grand Vacations (NYSE:HGV) last announced its quarterly earnings data on Wednesday, August 2nd. The company reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.06. The company had revenue of $439 million during the quarter, compared to analysts’ expectations of $413.33 million. The company’s revenue was up 12.3% on a year-over-year basis. On average, equities research analysts anticipate that Hilton Grand Vacations will post $1.93 EPS for the current fiscal year.
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In related news, major shareholder Hlt Holdco Iii Llc sold 9,650,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 20th. The stock was sold at an average price of $35.40, for a total transaction of $341,610,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Mark D. Wang bought 28,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 17th. The shares were acquired at an average price of $36.08 per share, with a total value of $1,010,240.00. Following the purchase, the insider now owns 312,325 shares of the company’s stock, valued at $11,268,686. The disclosure for this purchase can be found here. 0.46% of the stock is owned by insiders.
A number of large investors have recently bought and sold shares of HGV. Nisa Investment Advisors LLC boosted its stake in shares of Hilton Grand Vacations by 129.6% in the second quarter. Nisa Investment Advisors LLC now owns 6,200 shares of the company’s stock worth $223,000 after buying an additional 3,500 shares in the last quarter. Cigna Investments Inc. New purchased a new stake in shares of Hilton Grand Vacations during the second quarter worth $263,000. Seven Bridges Advisors LLC boosted its stake in shares of Hilton Grand Vacations by 93.6% in the second quarter. Seven Bridges Advisors LLC now owns 10,574 shares of the company’s stock worth $381,000 after buying an additional 5,113 shares in the last quarter. Trexquant Investment LP purchased a new stake in shares of Hilton Grand Vacations during the second quarter worth $390,000. Finally, Public Employees Retirement Association of Colorado boosted its stake in shares of Hilton Grand Vacations by 1.8% in the second quarter. Public Employees Retirement Association of Colorado now owns 11,194 shares of the company’s stock worth $404,000 after buying an additional 199 shares in the last quarter. Hedge funds and other institutional investors own 95.53% of the company’s stock.
About Hilton Grand Vacations
Hilton Grand Vacations Inc is a timeshare company that markets and sells vacation ownership intervals (VOIs), manages resorts in leisure and urban destinations, and operates a points-based vacation club. The Company operates its business across two segments: Real Estate Sales and Financing, and Resort Operations and Club Management.
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