Hilton Grand Vacations Inc. (NYSE:HGV) Receives $57.29 Consensus PT from Analysts

Shares of Hilton Grand Vacations Inc. (NYSE:HGV) have received an average rating of “Moderate Buy” from the seven ratings firms that are presently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $57.29.

HGV has been the topic of a number of analyst reports. Jefferies Financial Group upgraded shares of Hilton Grand Vacations from a “hold” rating to a “buy” rating and raised their price objective for the company from $39.00 to $50.00 in a report on Tuesday, January 2nd. JMP Securities restated a “market outperform” rating and issued a $55.00 price objective on shares of Hilton Grand Vacations in a report on Friday, March 1st. Truist Financial raised their price objective on shares of Hilton Grand Vacations from $66.00 to $70.00 and gave the company a “buy” rating in a report on Friday, March 15th. Barclays raised their price objective on shares of Hilton Grand Vacations from $47.00 to $54.00 and gave the company an “overweight” rating in a report on Friday, March 1st. Finally, Mizuho started coverage on shares of Hilton Grand Vacations in a report on Tuesday, March 26th. They issued a “buy” rating and a $63.00 price objective on the stock.

Hilton Grand Vacations Price Performance

Hilton Grand Vacations stock opened at $45.50 on Friday. The firm has a market cap of $4.77 billion, a PE ratio of 16.25, a price-to-earnings-growth ratio of 0.95 and a beta of 1.93. Hilton Grand Vacations has a 52-week low of $33.13 and a 52-week high of $49.02. The company has a quick ratio of 3.10, a current ratio of 4.34 and a debt-to-equity ratio of 2.13. The company’s 50 day moving average is $44.92 and its two-hundred day moving average is $40.81.

Hilton Grand Vacations (NYSE:HGV) last released its earnings results on Thursday, February 29th. The company reported $1.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.97 by $0.04. The company had revenue of $1.02 billion for the quarter, compared to analyst estimates of $1.02 billion. Hilton Grand Vacations had a net margin of 7.87% and a return on equity of 19.06%. The firm’s quarterly revenue was up 2.7% on a year-over-year basis. During the same period in the prior year, the business earned $1.01 EPS. On average, research analysts expect that Hilton Grand Vacations will post 4.07 EPS for the current fiscal year.

Insider Buying and Selling

In other Hilton Grand Vacations news, insider Charles R. Jr. Corbin sold 23,000 shares of the firm’s stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $45.49, for a total transaction of $1,046,270.00. Following the transaction, the insider now directly owns 140,618 shares of the company’s stock, valued at approximately $6,396,712.82. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, insider Charles R. Jr. Corbin sold 23,000 shares of Hilton Grand Vacations stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $45.49, for a total value of $1,046,270.00. Following the sale, the insider now owns 140,618 shares of the company’s stock, valued at $6,396,712.82. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Charles R. Jr. Corbin sold 38,557 shares of Hilton Grand Vacations stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $46.18, for a total transaction of $1,780,562.26. Following the completion of the sale, the insider now directly owns 166,997 shares in the company, valued at approximately $7,711,921.46. The disclosure for this sale can be found here. Insiders have sold 89,557 shares of company stock worth $4,142,832 in the last ninety days. 2.30% of the stock is owned by corporate insiders.

Institutional Trading of Hilton Grand Vacations

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Signaturefd LLC lifted its stake in shares of Hilton Grand Vacations by 78.6% in the third quarter. Signaturefd LLC now owns 625 shares of the company’s stock valued at $25,000 after purchasing an additional 275 shares during the period. Ancora Advisors LLC raised its position in Hilton Grand Vacations by 4.3% during the first quarter. Ancora Advisors LLC now owns 7,300 shares of the company’s stock worth $273,000 after acquiring an additional 300 shares during the last quarter. PNC Financial Services Group Inc. raised its position in Hilton Grand Vacations by 327.3% during the first quarter. PNC Financial Services Group Inc. now owns 547 shares of the company’s stock worth $28,000 after acquiring an additional 419 shares during the last quarter. Great West Life Assurance Co. Can raised its position in Hilton Grand Vacations by 7.6% during the first quarter. Great West Life Assurance Co. Can now owns 6,144 shares of the company’s stock worth $340,000 after acquiring an additional 436 shares during the last quarter. Finally, Los Angeles Capital Management LLC raised its position in Hilton Grand Vacations by 0.8% during the third quarter. Los Angeles Capital Management LLC now owns 63,786 shares of the company’s stock worth $2,596,000 after acquiring an additional 480 shares during 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.