Brokerages Set Hilton Grand Vacations Inc. (NYSE:HGV) Price Target at $52.75

Hilton Grand Vacations Inc. (NYSE:HGV) has received a consensus rating of “Hold” from the ten ratings firms that are covering the firm, MarketBeat.com reports. Two analysts have 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 12-month price objective among brokerages that have covered the stock in the last year is $52.75.

Several research firms have recently commented on HGV. Morgan Stanley reissued an “overweight” rating and issued a $48.00 price target on shares of Hilton Grand Vacations in a report on Wednesday, October 22nd. Truist Financial reduced their target price on Hilton Grand Vacations from $62.00 to $59.00 and set a “buy” rating for the company in a report on Friday, November 14th. Wells Fargo & Company initiated coverage on shares of Hilton Grand Vacations in a research report on Tuesday, November 18th. They set an “equal weight” rating and a $42.00 target price on the stock. Weiss Ratings reiterated a “sell (d+)” rating on shares of Hilton Grand Vacations in a report on Monday, December 22nd. Finally, Zacks Research raised shares of Hilton Grand Vacations from a “strong sell” rating to a “hold” rating in a report on Monday, December 22nd.

Insider Activity at Hilton Grand Vacations

In related news, insider Charles R. Jr. Corbin sold 30,426 shares of the company’s stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $41.81, for a total value of $1,272,111.06. Following the sale, the insider owned 60,270 shares in the company, valued at $2,519,888.70. This represents a 33.55% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 2.30% of the stock is owned by company insiders.

Institutional Trading of Hilton Grand Vacations

A number of institutional investors have recently bought and sold shares of the company. EverSource Wealth Advisors LLC increased its position in shares of Hilton Grand Vacations by 743.4% in the second quarter. EverSource Wealth Advisors LLC now owns 641 shares of the company’s stock valued at $27,000 after buying an additional 565 shares in the last quarter. Nomura Asset Management Co. Ltd. grew its stake in Hilton Grand Vacations by 136.8% in the 2nd quarter. Nomura Asset Management Co. Ltd. now owns 900 shares of the company’s stock valued at $37,000 after acquiring an additional 520 shares during the last quarter. Quarry LP purchased a new position in Hilton Grand Vacations during the 3rd quarter valued at about $44,000. State of Wyoming acquired a new position in Hilton Grand Vacations during the first quarter worth about $48,000. Finally, CWM LLC lifted its holdings in shares of Hilton Grand Vacations by 69.8% in the second quarter. CWM LLC now owns 1,277 shares of the company’s stock valued at $53,000 after purchasing an additional 525 shares in the last quarter. 97.23% of the stock is currently owned by hedge funds and other institutional investors.

Hilton Grand Vacations Stock Up 0.4%

HGV stock opened at $45.21 on Friday. The stock has a market capitalization of $3.87 billion, a PE ratio of 82.19, a price-to-earnings-growth ratio of 5.03 and a beta of 1.51. The company has a fifty day moving average of $42.30 and a 200-day moving average of $43.84. The company has a debt-to-equity ratio of 4.67, a quick ratio of 3.12 and a current ratio of 5.02. Hilton Grand Vacations has a one year low of $30.59 and a one year high of $52.08.

Hilton Grand Vacations (NYSE:HGV) last posted its quarterly earnings results on Thursday, October 30th. The company reported $0.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.01 by ($0.41). The firm had revenue of $1.30 billion for the quarter, compared to analysts’ expectations of $1.37 billion. Hilton Grand Vacations had a return on equity of 9.52% and a net margin of 1.06%.The company’s revenue for the quarter was down .5% on a year-over-year basis. During the same period in the prior year, the company earned $0.67 earnings per share. As a group, analysts expect that Hilton Grand Vacations will post 3.39 EPS for the current year.

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.