Brokerages Set Hilton Grand Vacations Inc. (NYSE:HGV) Price Target at $55.22

Shares of Hilton Grand Vacations Inc. (NYSE:HGVGet Free Report) have earned a consensus rating of “Hold” from the eleven ratings firms that are presently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, four have given a buy rating and one has issued a strong buy rating on the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $55.2222.

Several equities analysts have issued reports on HGV shares. Wells Fargo & Company cut their price objective on Hilton Grand Vacations from $49.00 to $47.00 and set an “equal weight” rating for the company in a research report on Thursday, April 16th. The Goldman Sachs Group reiterated a “sell” rating and issued a $40.00 price objective on shares of Hilton Grand Vacations in a research report on Thursday, February 26th. Barclays lifted their price objective on Hilton Grand Vacations from $48.00 to $51.00 and gave the company an “equal weight” rating in a research report on Friday, May 1st. Morgan Stanley lifted their price objective on Hilton Grand Vacations from $49.00 to $55.00 and gave the company an “equal weight” rating in a research report on Friday, April 10th. Finally, Citizens Jmp lifted their price objective 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.

Check Out Our Latest Stock Report on Hilton Grand Vacations

Hilton Grand Vacations Price Performance

Shares of HGV stock opened at $49.83 on Wednesday. The stock’s fifty day simple moving average is $44.66 and its 200 day simple moving average is $44.41. The company has a debt-to-equity ratio of 5.41, a current ratio of 4.33 and a quick ratio of 2.64. Hilton Grand Vacations has a one year low of $36.79 and a one year high of $52.08. The firm has a market cap of $3.97 billion, a price-to-earnings ratio of 26.65, a P/E/G ratio of 0.73 and a beta of 1.49.

Hilton Grand Vacations (NYSE:HGVGet Free Report) last issued its quarterly earnings data on Thursday, April 30th. The company reported $0.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.56 by $0.43. Hilton Grand Vacations had a return on equity of 17.62% and a net margin of 3.16%.The firm had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $1.27 billion. During the same quarter in the previous year, the company posted $0.09 EPS. The business’s revenue for the quarter was up 11.9% compared to the same quarter last year. On average, analysts expect that Hilton Grand Vacations will post 3.03 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider Carlos Hernandez sold 5,595 shares of the business’s stock in a transaction on Tuesday, May 19th. The stock was sold at an average price of $46.69, for a total transaction of $261,230.55. Following the completion of the sale, the insider owned 14,080 shares in the company, valued at $657,395.20. The trade was a 28.44% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Charles R. Jr. Corbin sold 32,907 shares of the business’s stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $47.66, for a total value of $1,568,347.62. Following the sale, the insider owned 68,615 shares of the company’s stock, valued at approximately $3,270,190.90. The trade was a 32.41% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 3.10% of the company’s stock.

Institutional Investors Weigh In On Hilton Grand Vacations

Institutional investors and hedge funds have recently made changes to their positions in the company. Leonteq Securities AG raised its position in shares of Hilton Grand Vacations by 189.7% during the first quarter. Leonteq Securities AG now owns 672 shares of the company’s stock worth $26,000 after acquiring an additional 440 shares during the last quarter. EverSource Wealth Advisors LLC raised its position in shares of Hilton Grand Vacations by 743.4% during the second quarter. EverSource Wealth Advisors LLC now owns 641 shares of the company’s stock worth $27,000 after acquiring an additional 565 shares during the last quarter. Bard Associates Inc. bought a new stake in shares of Hilton Grand Vacations during the fourth quarter worth $29,000. GAMMA Investing LLC raised its position in shares of Hilton Grand Vacations by 60.6% during the fourth quarter. GAMMA Investing LLC now owns 925 shares of the company’s stock worth $41,000 after acquiring an additional 349 shares during the last quarter. Finally, Kestra Advisory Services LLC bought a new stake in shares of Hilton Grand Vacations during the fourth quarter worth $44,000. Institutional investors own 97.23% of the company’s stock.

Hilton Grand Vacations Company Profile

(Get Free Report)

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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Analyst Recommendations for Hilton Grand Vacations (NYSE:HGV)

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