Hilton Grand Vacations Inc. (NYSE:HGV) Receives $51.78 Consensus Target Price from Analysts

Hilton Grand Vacations Inc. (NYSE:HGV) has been given a consensus recommendation of “Hold” by the eleven brokerages that are covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a sell recommendation, five have given a hold recommendation and four have given a buy recommendation to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $51.7778.

Several equities research analysts have recently commented on HGV shares. Truist Financial lowered their target price on Hilton Grand Vacations from $62.00 to $59.00 and set a “buy” rating for the company in a research note on Friday, November 14th. Mizuho reduced their price objective on shares of Hilton Grand Vacations from $73.00 to $69.00 and set an “outperform” rating on the stock in a research note on Friday, February 27th. Wells Fargo & Company assumed coverage on shares of Hilton Grand Vacations in a report on Tuesday, November 18th. They set an “equal weight” rating and a $42.00 target price for the company. Weiss Ratings upgraded shares of Hilton Grand Vacations from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, February 17th. Finally, The Goldman Sachs Group reissued a “sell” rating and issued a $40.00 price target on shares of Hilton Grand Vacations in a research note on Thursday, February 26th.

Hilton Grand Vacations Trading Down 3.6%

Shares of NYSE HGV opened at $43.62 on Friday. Hilton Grand Vacations has a 1-year low of $30.59 and a 1-year high of $52.08. The company has a 50-day moving average of $46.19 and a two-hundred day moving average of $44.38. The company has a market cap of $3.55 billion, a PE ratio of 47.93, a P/E/G ratio of 0.60 and a beta of 1.43. The company has a current ratio of 5.20, a quick ratio of 3.17 and a debt-to-equity ratio of 5.04.

Hilton Grand Vacations (NYSE:HGV) last issued its quarterly earnings results on Thursday, February 26th. The company reported $0.88 earnings per share for the quarter, missing analysts’ consensus estimates of $1.05 by ($0.17). Hilton Grand Vacations had a net margin of 1.60% and a return on equity of 11.90%. The company had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.38 billion. During the same period in the prior year, the business earned $0.49 EPS. The business’s revenue for the quarter was up 3.8% on a year-over-year basis. As a group, equities analysts expect that Hilton Grand Vacations will post 3.39 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Hilton Grand Vacations

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Bard Associates Inc. bought a new stake in shares of Hilton Grand Vacations in the 4th quarter valued at about $29,000. EverSource Wealth Advisors LLC grew its holdings in Hilton Grand Vacations by 743.4% during the second quarter. EverSource Wealth Advisors LLC now owns 641 shares of the company’s stock valued at $27,000 after purchasing an additional 565 shares during the period. Nomura Asset Management Co. Ltd. grew its holdings in Hilton Grand Vacations by 136.8% during the second quarter. Nomura Asset Management Co. Ltd. now owns 900 shares of the company’s stock valued at $37,000 after purchasing an additional 520 shares during the period. GAMMA Investing LLC increased its stake in Hilton Grand Vacations by 60.6% in the fourth quarter. GAMMA Investing LLC now owns 925 shares of the company’s stock valued at $41,000 after purchasing an additional 349 shares in the last quarter. Finally, Kestra Advisory Services LLC bought a new stake in Hilton Grand Vacations in the fourth quarter valued at approximately $44,000. Institutional investors own 97.23% of the company’s stock.

Hilton Grand Vacations Company Profile

Hilton Grand Vacations Inc is a leading developer and marketer of premium vacation ownership resorts. The company specializes in selling timeshare interests in vacation properties under the Hilton Grand Vacations brand, enabling members to purchase deeded real estate interests and utilize a points-based system for booking stays. Alongside new sales, the company provides ongoing management services for its portfolio of resorts, ensuring high standards of guest services, resort maintenance, and member engagement through its proprietary technology platform.

In addition to vacation ownership sales, Hilton Grand Vacations offers a comprehensive suite of membership benefits.