Hilton Grand Vacations (NYSE:HGV) Coverage Initiated by Analysts at The Goldman Sachs Group

The Goldman Sachs Group started coverage on shares of Hilton Grand Vacations (NYSE:HGV) in a research report released on Wednesday morning, Marketbeat.com reports. The firm issued a sell rating and a $31.00 target price on the stock.

Other analysts have also issued research reports about the stock. Truist Financial dropped their target price on shares of Hilton Grand Vacations from $71.00 to $52.00 and set a buy rating on the stock in a research report on Thursday, September 5th. JPMorgan Chase & Co. lowered shares of Hilton Grand Vacations from an overweight rating to a neutral rating and dropped their target price for the company from $55.00 to $36.00 in a research report on Friday, August 9th. Barclays dropped their target price on shares of Hilton Grand Vacations from $54.00 to $40.00 and set an overweight rating on the stock in a research report on Friday, August 9th. Jefferies Financial Group lowered shares of Hilton Grand Vacations from a buy rating to a hold rating and dropped their target price for the company from $55.00 to $35.00 in a research report on Friday, August 9th. Finally, Mizuho decreased their price target on shares of Hilton Grand Vacations from $63.00 to $57.00 and set an outperform rating on the stock in a research note on Friday, August 9th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company. According to MarketBeat.com, Hilton Grand Vacations currently has an average rating of Hold and a consensus target price of $43.71.

Hilton Grand Vacations Stock Down 0.9 %

HGV stock opened at $36.75 on Wednesday. The firm has a market cap of $3.81 billion, a PE ratio of 17.33, a P/E/G ratio of 2.05 and a beta of 1.83. The company has a debt-to-equity ratio of 3.18, a quick ratio of 2.97 and a current ratio of 4.36. The firm’s fifty day moving average is $38.85 and its 200 day moving average is $41.45. Hilton Grand Vacations has a one year low of $33.13 and a one year high of $49.02.

Hilton Grand Vacations (NYSE:HGV) last released its quarterly earnings results on Thursday, August 8th. The company reported $0.62 EPS for the quarter, missing the consensus estimate of $0.89 by ($0.27). Hilton Grand Vacations had a net margin of 3.57% and a return on equity of 18.06%. The firm had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.33 billion. During the same quarter in the prior year, the business posted $0.85 EPS. The firm’s quarterly revenue was up 22.6% compared to the same quarter last year. On average, research analysts forecast that Hilton Grand Vacations will post 3.27 EPS for the current year.

Hedge Funds Weigh In On Hilton Grand Vacations

A number of institutional investors have recently bought and sold shares of the company. State of Michigan Retirement System raised its stake in Hilton Grand Vacations by 2.3% during the first quarter. State of Michigan Retirement System now owns 17,500 shares of the company’s stock worth $826,000 after purchasing an additional 400 shares during the period. Janney Montgomery Scott LLC raised its stake in Hilton Grand Vacations by 4.4% during the first quarter. Janney Montgomery Scott LLC now owns 12,330 shares of the company’s stock worth $582,000 after purchasing an additional 523 shares during the period. ProShare Advisors LLC raised its stake in Hilton Grand Vacations by 3.5% during the first quarter. ProShare Advisors LLC now owns 17,661 shares of the company’s stock worth $834,000 after purchasing an additional 596 shares during the period. nVerses Capital LLC purchased a new position in Hilton Grand Vacations during the second quarter worth about $32,000. Finally, Texas Permanent School Fund Corp raised its stake in Hilton Grand Vacations by 1.5% during the first quarter. Texas Permanent School Fund Corp now owns 62,374 shares of the company’s stock worth $2,945,000 after purchasing an additional 945 shares during the period. 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.