Hilton Grand Vacations Inc. (NYSE:HGV) Receives Average Recommendation of “Hold” from Analysts

Hilton Grand Vacations Inc. (NYSE:HGV) has been given a consensus recommendation of “Hold” by the seven brokerages that are currently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company. The average 1 year price target among analysts that have covered the stock in the last year is $44.29.

Several research analysts have commented on the company. Mizuho reduced their price objective on Hilton Grand Vacations from $57.00 to $55.00 and set an “outperform” rating on the stock in a report on Tuesday, November 12th. StockNews.com upgraded Hilton Grand Vacations from a “sell” rating to a “hold” rating in a report on Wednesday, November 27th. The Goldman Sachs Group raised their target price on shares of Hilton Grand Vacations from $33.00 to $37.00 and gave the company a “sell” rating in a research report on Tuesday, December 10th. Barclays reaffirmed an “equal weight” rating and issued a $41.00 price target (down previously from $44.00) on shares of Hilton Grand Vacations in a research report on Friday, December 13th. Finally, Truist Financial reduced their price objective on shares of Hilton Grand Vacations from $52.00 to $51.00 and set a “buy” rating for the company in a research note on Tuesday, November 26th.

Insiders Place Their Bets

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 dated Monday, November 25th. The stock was sold at an average price of $42.10, for a total value of $168,400,000.00. Following the completion of the sale, the insider now owns 26,295,825 shares of the company’s stock, valued at approximately $1,107,054,232.50. This trade represents a 13.20 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Charles R. Jr. Corbin sold 49,389 shares of the company’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $41.55, for a total transaction of $2,052,112.95. Following the transaction, the insider now owns 88,532 shares in the company, valued at approximately $3,678,504.60. This trade represents a 35.81 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 2.30% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in HGV. Reston Wealth Management LLC acquired a new position in shares of Hilton Grand Vacations in the 3rd quarter valued at $25,000. nVerses Capital LLC purchased a new stake in Hilton Grand Vacations during the 2nd quarter valued at about $32,000. Blue Trust Inc. increased its holdings in shares of Hilton Grand Vacations by 141.7% in the third quarter. Blue Trust Inc. now owns 1,003 shares of the company’s stock valued at $36,000 after purchasing an additional 588 shares during the period. Canada Pension Plan Investment Board acquired a new position in shares of Hilton Grand Vacations in the second quarter valued at about $93,000. Finally, Ashton Thomas Private Wealth LLC purchased a new position in shares of Hilton Grand Vacations in the second quarter worth about $120,000. Hedge funds and other institutional investors own 97.23% of the company’s stock.

Hilton Grand Vacations Price Performance

HGV opened at $40.36 on Wednesday. The company has a quick ratio of 3.08, a current ratio of 4.83 and a debt-to-equity ratio of 3.32. The business has a fifty day moving average of $39.89 and a 200 day moving average of $39.25. Hilton Grand Vacations has a 52-week low of $33.21 and a 52-week high of $49.02. The stock has a market cap of $3.98 billion, a P/E ratio of 45.86, a PEG ratio of 2.25 and a beta of 1.85.

Hilton Grand Vacations (NYSE:HGV) last posted its quarterly earnings results on Thursday, November 7th. The company reported $0.67 EPS for the quarter, missing the consensus estimate of $0.70 by ($0.03). The company had revenue of $1.31 billion during the quarter, compared to analysts’ expectations of $1.29 billion. Hilton Grand Vacations had a return on equity of 16.44% and a net margin of 2.01%. The company’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. As a group, sell-side analysts anticipate that Hilton Grand Vacations will post 3.43 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.