Hilton Grand Vacations (NYSE:HGV) Price Target Lowered to $52.00 at Truist Financial

Hilton Grand Vacations (NYSE:HGV) had its target price decreased by Truist Financial from $71.00 to $52.00 in a research note published on Thursday morning, Benzinga reports. Truist Financial currently has a buy rating on the stock.

HGV has been the subject of a number of other reports. Barclays lowered their target price on Hilton Grand Vacations from $54.00 to $40.00 and set an overweight rating for the company in a report on Friday, August 9th. Mizuho lowered their target price on Hilton Grand Vacations from $63.00 to $57.00 and set an outperform rating for the company in a report on Friday, August 9th. Jefferies Financial Group cut Hilton Grand Vacations from a buy rating to a hold rating and lowered their target price for the company from $55.00 to $35.00 in a report on Friday, August 9th. JPMorgan Chase & Co. cut Hilton Grand Vacations from an overweight rating to a neutral rating and decreased their price objective for the company from $55.00 to $36.00 in a research note on Friday, August 9th. Finally, StockNews.com cut Hilton Grand Vacations from a hold rating to a sell rating in a research note on Monday, August 12th. One research analyst has rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, Hilton Grand Vacations presently has an average rating of Moderate Buy and an average price target of $47.71.

Hilton Grand Vacations Stock Up 0.1 %

Shares of NYSE:HGV opened at $37.63 on Thursday. The business has a 50-day moving average price of $39.46 and a 200 day moving average price of $42.12. The company has a current ratio of 4.36, a quick ratio of 2.97 and a debt-to-equity ratio of 3.18. The company has a market capitalization of $3.90 billion, a price-to-earnings ratio of 17.75, a PEG ratio of 1.94 and a beta of 1.83. Hilton Grand Vacations has a 12-month low of $33.13 and a 12-month high of $49.02.

Hilton Grand Vacations (NYSE:HGV) last announced its earnings results on Thursday, August 8th. The company reported $0.62 EPS for the quarter, missing analysts’ consensus estimates of $0.89 by ($0.27). Hilton Grand Vacations had a net margin of 3.57% and a return on equity of 18.06%. The firm had revenue of $1.24 billion for the quarter, compared to analysts’ expectations of $1.33 billion. During the same quarter last year, the business earned $0.85 earnings per share. The business’s revenue was up 22.6% compared to the same quarter last year. Sell-side analysts expect that Hilton Grand Vacations will post 3.37 EPS for the current year.

Hedge Funds Weigh In On Hilton Grand Vacations

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Algert Global LLC lifted its stake in Hilton Grand Vacations by 123.6% during the second quarter. Algert Global LLC now owns 56,336 shares of the company’s stock worth $2,278,000 after purchasing an additional 31,136 shares during the last quarter. Long Pond Capital LP lifted its stake in Hilton Grand Vacations by 218.0% during the second quarter. Long Pond Capital LP now owns 1,200,920 shares of the company’s stock worth $48,553,000 after purchasing an additional 823,228 shares during the last quarter. Millennium Management LLC lifted its stake in Hilton Grand Vacations by 44.5% during the second quarter. Millennium Management LLC now owns 2,269,405 shares of the company’s stock worth $91,752,000 after purchasing an additional 698,664 shares during the last quarter. Khrom Capital Management LLC purchased a new stake in Hilton Grand Vacations during the second quarter worth approximately $3,872,000. Finally, Lombard Odier Asset Management USA Corp purchased a new stake in Hilton Grand Vacations during the second quarter worth approximately $786,000. Hedge funds and other institutional investors 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.