Truist Financial Has Lowered Expectations for Hilton Grand Vacations (NYSE:HGV) Stock Price

Hilton Grand Vacations (NYSE:HGV) had its price target dropped by equities research analysts at Truist Financial from $52.00 to $51.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Truist Financial’s price target suggests a potential upside of 22.18% from the company’s current price.

Several other equities analysts also recently commented on HGV. StockNews.com downgraded Hilton Grand Vacations from a “hold” rating to a “sell” rating in a research report on Monday, August 12th. Mizuho decreased their target price on 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. Barclays upped their target price on Hilton Grand Vacations from $40.00 to $44.00 and gave the company an “overweight” rating in a research report on Friday, November 8th. JPMorgan Chase & Co. downgraded Hilton Grand Vacations from an “overweight” rating to a “neutral” rating and decreased their target price for the company from $55.00 to $36.00 in a research report on Friday, August 9th. Finally, Jefferies Financial Group downgraded Hilton Grand Vacations from a “buy” rating to a “hold” rating and decreased their target price for the company from $55.00 to $35.00 in a research report on Friday, August 9th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $43.86.

Hilton Grand Vacations Price Performance

NYSE:HGV opened at $41.74 on Tuesday. The company has a quick ratio of 3.08, a current ratio of 4.83 and a debt-to-equity ratio of 3.32. The stock’s 50 day moving average price is $38.65 and its two-hundred day moving average price is $39.31. The firm has a market capitalization of $4.11 billion, a price-to-earnings ratio of 47.43, a P/E/G ratio of 2.40 and a beta of 1.82. 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 released its quarterly earnings data 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%. Hilton Grand Vacations’s quarterly revenue was up 28.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.98 EPS. On average, analysts anticipate that Hilton Grand Vacations will post 3.49 earnings per share for the current year.

Insider Buying and Selling at Hilton Grand Vacations

In other news, major shareholder Principal Holdings A. Gp Apollo sold 4,000,000 shares of the stock in a transaction on Monday, November 25th. The stock was sold at an average price of $42.10, for a total value of $168,400,000.00. Following the completion of the transaction, the insider now directly owns 26,295,825 shares in the company, valued at approximately $1,107,054,232.50. This represents a 13.20 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Charles R. Jr. Corbin sold 49,389 shares of the stock in a transaction on 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 $3,678,504.60. The trade was a 35.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 2.30% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of HGV. Reston Wealth Management LLC bought a new position in Hilton Grand Vacations during the 3rd quarter worth $25,000. nVerses Capital LLC bought a new position in Hilton Grand Vacations during the 2nd quarter worth $32,000. Blue Trust Inc. grew its holdings in Hilton Grand Vacations by 141.7% during the 3rd quarter. Blue Trust Inc. now owns 1,003 shares of the company’s stock worth $36,000 after acquiring an additional 588 shares during the period. Canada Pension Plan Investment Board acquired a new stake in Hilton Grand Vacations during the 2nd quarter worth about $93,000. Finally, Ashton Thomas Private Wealth LLC acquired a new stake in Hilton Grand Vacations during the 2nd quarter worth about $120,000. 97.23% of the stock is owned by institutional investors.

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.