Hilton Grand Vacations (NYSE:HGV) Coverage Initiated by Analysts at Mizuho

Mizuho began coverage on shares of Hilton Grand Vacations (NYSE:HGV) in a report issued on Tuesday morning, MarketBeat reports. The firm issued a buy rating and a $63.00 price objective on the stock.

A number of other research analysts have also weighed in on the company. Barclays raised their target price on Hilton Grand Vacations from $47.00 to $54.00 and gave the company an overweight rating in a report on Friday, March 1st. JMP Securities restated a market outperform rating and issued a $55.00 target price on shares of Hilton Grand Vacations in a report on Friday, March 1st. Truist Financial raised their target price on Hilton Grand Vacations from $66.00 to $70.00 and gave the company a buy rating in a report on Friday, March 15th. Finally, Jefferies Financial Group upgraded Hilton Grand Vacations from a hold rating to a buy rating and raised their target price for the company from $39.00 to $50.00 in a report on Tuesday, January 2nd. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of Moderate Buy and a consensus price target of $57.29.

Hilton Grand Vacations Stock Down 1.1 %

Shares of NYSE:HGV opened at $47.21 on Tuesday. The business’s 50 day simple moving average is $44.41 and its two-hundred day simple moving average is $40.60. The firm has a market cap of $4.95 billion, a P/E ratio of 16.86, a PEG ratio of 0.99 and a beta of 1.93. The company has a debt-to-equity ratio of 2.13, a quick ratio of 3.10 and a current ratio of 4.34. Hilton Grand Vacations has a 52-week low of $33.13 and a 52-week high of $49.02.

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

Insider Activity at Hilton Grand Vacations

In related news, insider Charles R. Jr. Corbin sold 23,000 shares of the stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $45.49, for a total transaction of $1,046,270.00. Following the completion of the sale, the insider now directly owns 140,618 shares of the company’s stock, valued at $6,396,712.82. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Hilton Grand Vacations news, insider Charles R. Jr. Corbin sold 38,557 shares of the firm’s stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $46.18, for a total value of $1,780,562.26. Following the completion of the sale, the insider now directly owns 166,997 shares of the company’s stock, valued at $7,711,921.46. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Charles R. Jr. Corbin sold 23,000 shares of the firm’s stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $45.49, for a total value of $1,046,270.00. Following the completion of the sale, the insider now directly owns 140,618 shares of the company’s stock, valued at $6,396,712.82. The disclosure for this sale can be found here. 2.30% of the stock is currently owned by company insiders.

Institutional Trading of Hilton Grand Vacations

A number of large investors have recently bought and sold shares of HGV. Apollo Management Holdings L.P. purchased a new stake in Hilton Grand Vacations in the first quarter worth $1,346,044,000. BlackRock Inc. grew its position in shares of Hilton Grand Vacations by 46.1% in the first quarter. BlackRock Inc. now owns 10,794,419 shares of the company’s stock valued at $479,596,000 after purchasing an additional 3,408,398 shares in the last quarter. Invesco Ltd. grew its position in shares of Hilton Grand Vacations by 120.0% in the first quarter. Invesco Ltd. now owns 2,130,560 shares of the company’s stock valued at $110,810,000 after purchasing an additional 1,162,310 shares in the last quarter. Norges Bank purchased a new position in shares of Hilton Grand Vacations in the fourth quarter valued at $41,554,000. Finally, State Street Corp grew its position in shares of Hilton Grand Vacations by 58.0% in the first quarter. State Street Corp now owns 2,711,513 shares of the company’s stock valued at $120,473,000 after purchasing an additional 995,676 shares in the last quarter. 97.23% of the stock is owned by hedge funds and other institutional investors.

About Hilton Grand Vacations

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.