Hilton Grand Vacations (NYSE:HGV – Get Free Report) had its target price lifted by equities research analysts at Truist Financial from $67.00 to $71.00 in a research report issued on Monday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Truist Financial’s price objective would indicate a potential upside of 51.45% from the company’s previous close.
Several other research analysts have also issued reports on HGV. Citizens Jmp upped their target price on Hilton Grand Vacations from $50.00 to $55.00 and gave the company a “market outperform” rating in a research report on Monday, March 9th. The Goldman Sachs Group reaffirmed a “sell” rating and set a $40.00 target price on shares of Hilton Grand Vacations in a research report on Thursday, February 26th. Wall Street Zen upgraded shares of Hilton Grand Vacations from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 2nd. Zacks Research upgraded shares of Hilton Grand Vacations from a “hold” rating to a “strong-buy” rating in a research note on Friday, May 1st. Finally, Barclays lifted their target price on shares of Hilton Grand Vacations from $48.00 to $51.00 and gave the stock an “equal weight” rating in a research note on Friday, May 1st. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Hilton Grand Vacations presently has an average rating of “Hold” and an average target price of $55.22.
Read Our Latest Stock Report on Hilton Grand Vacations
Hilton Grand Vacations Stock Up 4.5%
Hilton Grand Vacations (NYSE:HGV – Get Free Report) last released its quarterly earnings results on Thursday, April 30th. The company reported $0.99 earnings per share for the quarter, beating analysts’ consensus estimates of $0.56 by $0.43. Hilton Grand Vacations had a net margin of 3.16% and a return on equity of 17.62%. The business had revenue of $1.29 billion for the quarter, compared to analysts’ expectations of $1.27 billion. During the same period last year, the business earned $0.09 EPS. The company’s revenue was up 11.9% compared to the same quarter last year. As a group, research analysts expect that Hilton Grand Vacations will post 3.03 EPS for the current fiscal year.
Institutional Trading of Hilton Grand Vacations
A number of institutional investors have recently bought and sold shares of the stock. Quantinno Capital Management LP boosted its stake in Hilton Grand Vacations by 11.7% in the 1st quarter. Quantinno Capital Management LP now owns 15,609 shares of the company’s stock worth $611,000 after purchasing an additional 1,633 shares in the last quarter. SummitTX Capital L.P. purchased a new position in Hilton Grand Vacations during the 1st quarter worth approximately $4,249,000. Rangeley Capital LLC raised its position in Hilton Grand Vacations by 66.7% during the 1st quarter. Rangeley Capital LLC now owns 25,000 shares of the company’s stock worth $978,000 after buying an additional 10,000 shares during the last quarter. Caxton Associates LLP purchased a new position in Hilton Grand Vacations during the 1st quarter worth approximately $221,000. Finally, Sei Investments Co. raised its position in Hilton Grand Vacations by 32.7% during the 1st quarter. Sei Investments Co. now owns 120,442 shares of the company’s stock worth $4,712,000 after buying an additional 29,697 shares during the last quarter. 97.23% of the stock is currently owned by institutional investors and hedge funds.
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.
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