Hilton Grand Vacations (NYSE:HGV) Given New $50.00 Price Target at Jefferies Financial Group

Hilton Grand Vacations (NYSE:HGV) had its price objective raised by equities researchers at Jefferies Financial Group from $46.00 to $50.00 in a report released on Monday,Benzinga reports. The firm presently has a “hold” rating on the stock. Jefferies Financial Group’s price target indicates a potential upside of 13.89% from the stock’s previous close.

A number of other brokerages have also issued reports on HGV. Barclays decreased their target price on shares of Hilton Grand Vacations from $49.00 to $48.00 and set an “equal weight” rating for the company in a research note on Monday. Zacks Research upgraded Hilton Grand Vacations from a “strong sell” rating to a “hold” rating in a research note on Monday, December 22nd. Weiss Ratings raised Hilton Grand Vacations from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, February 17th. Truist Financial reduced their price target 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. Finally, Mizuho lowered their price target on Hilton Grand Vacations from $73.00 to $69.00 and set an “outperform” rating for the company in a research note on Friday. Four research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $51.78.

Hilton Grand Vacations Price Performance

Hilton Grand Vacations stock traded down $1.06 during trading hours on Monday, hitting $43.90. 544,379 shares of the company traded hands, compared to its average volume of 802,334. Hilton Grand Vacations has a 1-year low of $30.59 and a 1-year high of $52.08. The firm has a market cap of $3.76 billion, a P/E ratio of 48.24, a P/E/G ratio of 0.97 and a beta of 1.48. The firm’s 50-day simple moving average is $46.27 and its two-hundred day simple moving average is $44.38. The company has a quick ratio of 3.17, a current ratio of 5.20 and a debt-to-equity ratio of 5.04.

Hilton Grand Vacations (NYSE:HGV) last released its earnings results on Thursday, February 26th. The company reported $0.88 EPS for the quarter, missing the consensus estimate of $1.05 by ($0.17). Hilton Grand Vacations had a net margin of 1.60% and a return on equity of 11.90%. The business had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.38 billion. During the same period in the prior year, the company earned $0.49 earnings per share. The firm’s revenue for the quarter was up 3.8% on a year-over-year basis. As a group, analysts forecast that Hilton Grand Vacations will post 3.39 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Hilton Grand Vacations

A number of hedge funds have recently made changes to their positions in the business. Iridian Asset Management LLC CT lifted its stake in Hilton Grand Vacations by 38.0% in the 3rd quarter. Iridian Asset Management LLC CT now owns 274,055 shares of the company’s stock valued at $11,458,000 after acquiring an additional 75,453 shares in the last quarter. Quantbot Technologies LP acquired a new stake in shares of Hilton Grand Vacations in the second quarter valued at approximately $1,774,000. Assenagon Asset Management S.A. boosted its holdings in Hilton Grand Vacations by 2,637.2% during the third quarter. Assenagon Asset Management S.A. now owns 221,932 shares of the company’s stock worth $9,279,000 after purchasing an additional 213,824 shares during the last quarter. Close Asset Management Ltd grew its position in Hilton Grand Vacations by 15.7% in the third quarter. Close Asset Management Ltd now owns 1,239,840 shares of the company’s stock valued at $51,832,000 after purchasing an additional 168,160 shares in the last quarter. Finally, North Peak Capital Management LLC increased its stake in Hilton Grand Vacations by 11.3% in the 2nd quarter. North Peak Capital Management LLC now owns 6,810,126 shares of the company’s stock valued at $282,825,000 after buying an additional 693,495 shares during the last quarter. Institutional investors and hedge funds own 97.23% of the company’s stock.

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.