Hilton Grand Vacations (NYSE:HGV) Price Target Raised to $37.00

Hilton Grand Vacations (NYSE:HGV) had its target price increased by The Goldman Sachs Group from $33.00 to $37.00 in a research report sent to investors on Tuesday morning,Benzinga reports. They currently have a sell rating on the stock.

Other research analysts have also issued research reports about the company. Barclays lifted their target price on Hilton Grand Vacations from $40.00 to $44.00 and gave the company an “overweight” rating in a report on Friday, November 8th. StockNews.com raised shares of Hilton Grand Vacations from a “sell” rating to a “hold” rating in a research note on Wednesday, November 27th. Mizuho lowered their target price on shares of Hilton Grand Vacations from $57.00 to $55.00 and set an “outperform” rating on the stock in a research note on Tuesday, November 12th. Finally, Truist Financial reduced their price target on shares of Hilton Grand Vacations from $52.00 to $51.00 and set a “buy” rating for the company in a research report on Tuesday, November 26th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $44.71.

Hilton Grand Vacations Trading Down 0.9 %

Shares of Hilton Grand Vacations stock opened at $40.54 on Tuesday. The stock has a market capitalization of $3.99 billion, a P/E ratio of 46.07, a P/E/G ratio of 2.30 and a beta of 1.85. Hilton Grand Vacations has a 52-week low of $33.21 and a 52-week high of $49.02. The company has a debt-to-equity ratio of 3.32, a quick ratio of 3.08 and a current ratio of 4.83. The stock’s 50-day simple moving average is $39.65 and its 200 day simple moving average is $39.30.

Hilton Grand Vacations (NYSE:HGV) last posted its quarterly earnings results on Thursday, November 7th. The company reported $0.67 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.70 by ($0.03). The business had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.29 billion. Hilton Grand Vacations had a net margin of 2.01% and a return on equity of 16.44%. The business’s revenue for the quarter was up 28.3% on a year-over-year basis. During the same period last year, the firm earned $0.98 EPS. As a group, research analysts anticipate that Hilton Grand Vacations will post 3.43 EPS for the current year.

Insider Activity at Hilton Grand Vacations

In other news, major shareholder Principal Holdings A. Gp Apollo sold 4,000,000 shares of the company’s stock in a transaction on Monday, November 25th. The shares were 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 represents a 13.20 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Charles R. Jr. Corbin sold 49,389 shares of the business’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $41.55, for a total transaction of $2,052,112.95. Following the completion of the sale, the insider now directly owns 88,532 shares of the company’s stock, valued at $3,678,504.60. This represents a 35.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.30% of the stock is owned by insiders.

Institutional Trading of Hilton Grand Vacations

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

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.