Hilton Grand Vacations Inc. (NYSE:HGV) Stock Has Average Price Target of $54.67 According to Brokerages

Hilton Grand Vacations Inc. (NYSE:HGV) has earned an average recommendation of “Hold” from the twelve analysts that are covering the stock, Marketbeat.com reports. Eight research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $54.67.

A number of research analysts have weighed in on HGV shares. The Goldman Sachs Group decreased their price target on Hilton Grand Vacations from $55.00 to $47.00 and set a “neutral” rating for the company in a research note on Friday, July 31st. Wall Street Zen cut Hilton Grand Vacations from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. Morgan Stanley cut their price objective on Hilton Grand Vacations from $58.00 to $54.00 and set an “equal weight” rating for the company in a report on Tuesday, August 18th. Mizuho decreased their target price on shares of Hilton Grand Vacations from $75.00 to $74.00 and set an “outperform” rating for the company in a research note on Friday, July 31st. Finally, Truist Financial lowered their target price on shares of Hilton Grand Vacations from $71.00 to $69.00 and set a “buy” rating on the stock in a report on Thursday, September 10th.

Insider Buying and Selling

In other news, insider Charles Corbin, Jr. sold 20,691 shares of Hilton Grand Vacations stock in a transaction dated Thursday, August 6th. The shares were sold at an average price of $46.90, for a total value of $970,407.90. Following the completion of the transaction, the insider owned 47,924 shares of the company’s stock, valued at $2,247,635.60. This trade represents a 30.16% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 3.10% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Hilton Grand Vacations

A number of institutional investors and hedge funds have recently modified their holdings of HGV. BlackRock Inc. acquired a new position in shares of Hilton Grand Vacations in the second quarter valued at $422,842,000. Parsifal Capital Management LP acquired a new stake in shares of Hilton Grand Vacations during the 2nd quarter worth about $108,863,038. TrinityBridge Ltd acquired a new stake in shares of Hilton Grand Vacations during the 2nd quarter worth about $52,540,000. Norges Bank acquired a new stake in shares of Hilton Grand Vacations during the 4th quarter worth about $32,871,000. Finally, Bank of America Corp DE boosted its holdings in shares of Hilton Grand Vacations by 411.4% during the 1st quarter. Bank of America Corp DE now owns 566,855 shares of the company’s stock worth $22,175,000 after buying an additional 456,008 shares during the period. 97.23% of the stock is owned by institutional investors.

Hilton Grand Vacations Trading Down 1.4%

Hilton Grand Vacations stock opened at $35.10 on Tuesday. The firm has a 50-day moving average of $43.60 and a 200-day moving average of $45.96. Hilton Grand Vacations has a one year low of $34.61 and a one year high of $55.40. The company has a debt-to-equity ratio of 6.18, a current ratio of 5.02 and a quick ratio of 3.20. The company has a market cap of $2.73 billion, a price-to-earnings ratio of 19.83, a P/E/G ratio of 0.35 and a beta of 1.50.

Hilton Grand Vacations (NYSE:HGV) last released its earnings results on Thursday, July 30th. The company reported $0.89 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.94 by ($0.05). Hilton Grand Vacations had a net margin of 2.86% and a return on equity of 20.40%. The company had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.38 billion. During the same period in the prior year, the firm posted $0.54 EPS. Hilton Grand Vacations’s revenue was up 7.3% compared to the same quarter last year. On average, equities analysts expect that Hilton Grand Vacations will post 4.61 earnings per share for the current fiscal year.

Hilton Grand Vacations announced that its Board of Directors has approved a share repurchase plan on Thursday, August 20th that permits the company to repurchase $600.00 million in shares. This repurchase authorization permits the company to buy up to 17% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board of directors believes its stock is undervalued.

About Hilton Grand Vacations

Hilton Grand Vacations Inc (NYSE:HGV) is a vacation ownership company that develops, markets, sells and manages timeshare interests and related vacation experiences. Its products generally provide members with an allotment of vacation time or points that can be used at participating resorts and accommodations.

The company serves vacation owners through resort properties and membership programs under brands including Hilton Grand Vacations, The Hilton Club and HGV Max. Its offerings may include access to resort accommodations, exchange programs, travel services and other member benefits.