Shares of Hilton Grand Vacations Inc (NYSE:HGV) have earned a consensus rating of “Hold” from the ten brokerages that are covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $39.00.
A number of brokerages have recently commented on HGV. Zacks Investment Research cut Hilton Grand Vacations from a “hold” rating to a “sell” rating in a report on Tuesday, March 5th. TheStreet raised Hilton Grand Vacations from a “c” rating to a “b-” rating in a research report on Tuesday, February 19th. SunTrust Banks boosted their price target on Hilton Grand Vacations to $51.00 and gave the stock a “buy” rating in a research report on Friday, March 1st. They noted that the move was a valuation call. Credit Suisse Group reissued an “outperform” rating and issued a $37.00 price target on shares of Hilton Grand Vacations in a research report on Wednesday, March 20th. Finally, ValuEngine lowered Hilton Grand Vacations from a “hold” rating to a “sell” rating in a research report on Monday, February 4th.
In related news, Director Leonard Potter purchased 10,000 shares of Hilton Grand Vacations stock in a transaction dated Monday, May 13th. The stock was purchased at an average cost of $27.50 per share, with a total value of $275,000.00. Following the transaction, the director now owns 72,348 shares in the company, valued at approximately $1,989,570. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 1.05% of the company’s stock.
Several institutional investors and hedge funds have recently added to or reduced their stakes in HGV. Norges Bank purchased a new position in Hilton Grand Vacations during the fourth quarter worth approximately $33,159,000. Waratah Capital Advisors Ltd. purchased a new position in shares of Hilton Grand Vacations during the first quarter worth $28,342,000. FMR LLC boosted its position in shares of Hilton Grand Vacations by 5.3% during the first quarter. FMR LLC now owns 14,155,214 shares of the company’s stock worth $436,688,000 after buying an additional 715,636 shares during the period. Royce & Associates LP boosted its position in shares of Hilton Grand Vacations by 48,602.2% during the fourth quarter. Royce & Associates LP now owns 536,211 shares of the company’s stock worth $14,151,000 after buying an additional 535,110 shares during the period. Finally, Long Pond Capital LP boosted its position in shares of Hilton Grand Vacations by 9.6% during the first quarter. Long Pond Capital LP now owns 5,867,092 shares of the company’s stock worth $181,000,000 after buying an additional 515,057 shares during the period.
NYSE:HGV traded down $0.56 during trading hours on Thursday, reaching $25.78. The stock had a trading volume of 92,893 shares, compared to its average volume of 1,672,893. The company has a debt-to-equity ratio of 2.78, a current ratio of 5.12 and a quick ratio of 3.77. Hilton Grand Vacations has a 52 week low of $24.17 and a 52 week high of $40.65. The company has a market cap of $2.45 billion, a price-to-earnings ratio of 8.45, a PEG ratio of 1.11 and a beta of 1.66.
Hilton Grand Vacations (NYSE:HGV) last released its quarterly earnings data on Wednesday, May 1st. The company reported $0.58 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.63 by ($0.05). Hilton Grand Vacations had a return on equity of 56.92% and a net margin of 15.51%. The firm had revenue of $450.00 million during the quarter, compared to the consensus estimate of $455.20 million. During the same period in the previous year, the firm earned $0.30 EPS. The business’s revenue was up 22.6% compared to the same quarter last year. As a group, analysts anticipate that Hilton Grand Vacations will post 2.7 EPS for the current year.
About Hilton Grand Vacations
Hilton Grand Vacations Inc, a timeshare company, develops, markets, and operates vacation ownership resorts primarily under the Hilton Grand Vacations brand. The company operates in two segments, Real Estate Sales and Financing, and Resort Operations and Club Management. It sells vacation ownership intervals; manages resorts; operates a points-based vacation club; and finances and services loans provided to consumers for their timeshare purchases.
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