Hilton Grand Vacations Inc. (NYSE:HGV) Receives Consensus Rating of “Buy” from Brokerages

Hilton Grand Vacations Inc. (NYSE:HGV) has been assigned a consensus recommendation of “Buy” from the seven brokerages that are covering the stock, MarketBeat Ratings reports. Seven equities research analysts have rated the stock with a buy rating. The average 12 month target price among brokers that have covered the stock in the last year is $58.71.

A number of equities research analysts recently weighed in on the stock. Barclays boosted their price target on shares of Hilton Grand Vacations from $47.00 to $54.00 and gave the company an “overweight” rating in a research report on Friday, March 1st. JMP Securities reissued a “market outperform” rating and set a $55.00 price objective on shares of Hilton Grand Vacations in a research note on Friday, March 1st. Mizuho began coverage on shares of Hilton Grand Vacations in a research note on Tuesday, March 26th. They set a “buy” rating and a $63.00 price target on the stock. JPMorgan Chase & Co. started coverage on shares of Hilton Grand Vacations in a report on Monday, April 15th. They set an “overweight” rating and a $59.00 price target for the company. Finally, Truist Financial increased their price objective on shares of Hilton Grand Vacations from $70.00 to $71.00 and gave the company a “buy” rating in a research note on Tuesday, May 28th.

Hilton Grand Vacations Price Performance

NYSE HGV opened at $40.12 on Wednesday. The stock’s fifty day moving average price is $42.29 and its 200 day moving average price is $42.84. The company has a market cap of $4.16 billion, a price-to-earnings ratio of 18.92, a PEG ratio of 1.81 and a beta of 1.89. The company has a debt-to-equity ratio of 3.09, a current ratio of 4.44 and a quick ratio of 3.11. Hilton Grand Vacations has a 1 year low of $33.13 and a 1 year high of $49.02.

Hilton Grand Vacations (NYSE:HGV) last released its earnings results on Thursday, May 9th. The company reported $0.95 earnings per share for the quarter, topping analysts’ consensus estimates of $0.87 by $0.08. Hilton Grand Vacations had a net margin of 5.62% and a return on equity of 19.41%. The business had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.12 billion. During the same period last year, the company posted $0.79 EPS. The business’s revenue was up 23.8% on a year-over-year basis. As a group, equities research analysts forecast that Hilton Grand Vacations will post 3.74 earnings per share for the current year.

Insider Activity at Hilton Grand Vacations

In other news, insider Jorge Pablo Brizi sold 28,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 28th. The shares were sold at an average price of $47.00, for a total transaction of $1,316,000.00. Following the completion of the transaction, the insider now directly owns 51,855 shares of the company’s stock, valued at approximately $2,437,185. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 2.30% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Itau Unibanco Holding S.A. acquired a new position in shares of Hilton Grand Vacations in the third quarter worth approximately $47,000. YHB Investment Advisors Inc. purchased a new stake in Hilton Grand Vacations during the 1st quarter worth about $47,000. DekaBank Deutsche Girozentrale purchased a new stake in shares of Hilton Grand Vacations in the 3rd quarter valued at about $85,000. Quest Partners LLC bought a new position in shares of Hilton Grand Vacations during the 4th quarter valued at about $142,000. Finally, Benjamin Edwards Inc. increased its position in shares of Hilton Grand Vacations by 46.0% during the 1st quarter. Benjamin Edwards Inc. now owns 3,193 shares of the company’s stock valued at $151,000 after purchasing an additional 1,006 shares during the last quarter. Institutional investors and hedge funds own 97.23% of the company’s stock.

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.