Brokerages Set Hilton Grand Vacations Inc. (NYSE:HGV) Target Price at $43.57

Shares of Hilton Grand Vacations Inc. (NYSE:HGV) have earned a consensus rating of “Hold” from the eight analysts that are covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $44.00.

A number of equities analysts recently weighed in on HGV shares. The Goldman Sachs Group lifted their price objective on shares of Hilton Grand Vacations from $33.00 to $37.00 and gave the company a “sell” rating in a research report on Tuesday, December 10th. Truist Financial lowered their price objective on shares of Hilton Grand Vacations from $52.00 to $51.00 and set a “buy” rating on the stock in a research report on Tuesday, November 26th. Mizuho lowered their price objective on shares of Hilton Grand Vacations from $57.00 to $55.00 and set an “outperform” rating on the stock in a research report on Tuesday, November 12th. JMP Securities decreased their target price on shares of Hilton Grand Vacations from $55.00 to $50.00 and set a “market outperform” rating on the stock in a research report on Wednesday, December 18th. Finally, StockNews.com upgraded shares of Hilton Grand Vacations from a “sell” rating to a “hold” rating in a research report on Wednesday, November 27th.

Insider Transactions at Hilton Grand Vacations

In related news, insider Charles R. Jr. Corbin sold 49,389 shares of the business’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $41.55, for a total value of $2,052,112.95. Following the completion of the transaction, the insider now owns 88,532 shares of the company’s stock, valued at approximately $3,678,504.60. The trade was a 35.81 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, major shareholder Principal Holdings A. Gp Apollo sold 4,000,000 shares of the business’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $42.10, for a total transaction of $168,400,000.00. Following the completion of the transaction, the insider now directly owns 26,295,825 shares of the company’s stock, valued at $1,107,054,232.50. The trade was a 13.20 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 2.30% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Blue Trust Inc. increased its stake in shares of Hilton Grand Vacations by 141.7% during the 3rd quarter. Blue Trust Inc. now owns 1,003 shares of the company’s stock valued at $36,000 after acquiring an additional 588 shares during the last quarter. Reston Wealth Management LLC acquired a new position in shares of Hilton Grand Vacations during the 3rd quarter valued at about $25,000. MQS Management LLC increased its stake in shares of Hilton Grand Vacations by 7.4% during the 2nd quarter. MQS Management LLC now owns 16,494 shares of the company’s stock valued at $667,000 after acquiring an additional 1,135 shares during the last quarter. Creative Planning increased its stake in shares of Hilton Grand Vacations by 17.1% during the 3rd quarter. Creative Planning now owns 15,381 shares of the company’s stock valued at $559,000 after acquiring an additional 2,245 shares during the last quarter. Finally, Canada Pension Plan Investment Board acquired a new position in shares of Hilton Grand Vacations during the 2nd quarter valued at about $93,000. Institutional investors and hedge funds own 97.23% of the company’s stock.

Hilton Grand Vacations Stock Performance

Shares of HGV opened at $38.60 on Friday. The company has a current ratio of 4.83, a quick ratio of 3.08 and a debt-to-equity ratio of 3.32. The firm has a market cap of $3.80 billion, a PE ratio of 43.86, a price-to-earnings-growth ratio of 2.22 and a beta of 1.86. The company’s 50 day simple moving average is $40.43 and its 200-day simple moving average is $39.10. Hilton Grand Vacations has a 12-month low of $33.21 and a 12-month high of $49.02.

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

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.