Hilton Grand Vacations (NYSE:HGV) Now Covered by Analysts at The Goldman Sachs Group

The Goldman Sachs Group began coverage on shares of Hilton Grand Vacations (NYSE:HGV) in a report issued on Wednesday, MarketBeat Ratings reports. The firm set a “sell” rating and a $31.00 price target on the stock. The Goldman Sachs Group’s price objective would suggest a potential downside of 16.93% from the stock’s current price.

Several other equities research analysts also recently commented on the stock. JPMorgan Chase & Co. downgraded shares of Hilton Grand Vacations from an “overweight” rating to a “neutral” rating and cut their target price for the stock from $55.00 to $36.00 in a research report on Friday, August 9th. Truist Financial reduced their price objective on shares of Hilton Grand Vacations from $71.00 to $52.00 and set a “buy” rating on the stock in a research note on Thursday, September 5th. Mizuho decreased their price objective 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 downgraded Hilton Grand Vacations from a “buy” rating to a “hold” rating and cut their target price for the stock from $55.00 to $35.00 in a report 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. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company. According to MarketBeat, Hilton Grand Vacations has a consensus rating of “Hold” and an average price target of $43.71.

Hilton Grand Vacations Price Performance

Shares of NYSE:HGV opened at $37.32 on Wednesday. Hilton Grand Vacations has a one year low of $33.13 and a one year high of $49.02. The company has a market cap of $3.87 billion, a price-to-earnings ratio of 17.60, a PEG ratio of 2.05 and a beta of 1.83. The company has a debt-to-equity ratio of 3.18, a current ratio of 4.36 and a quick ratio of 2.97. The firm has a 50 day simple moving average of $38.76 and a 200 day simple moving average of $41.42.

Hilton Grand Vacations (NYSE:HGV) last posted its earnings results on Thursday, August 8th. The company reported $0.62 EPS for the quarter, missing the consensus estimate 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 during the quarter, compared to the consensus estimate of $1.33 billion. During the same quarter in the prior year, the business posted $0.85 earnings per share. Hilton Grand Vacations’s revenue for the quarter was up 22.6% compared to the same quarter last year. Research analysts predict that Hilton Grand Vacations will post 3.27 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Long Pond Capital LP boosted its position in shares of Hilton Grand Vacations by 218.0% during the 2nd quarter. Long Pond Capital LP now owns 1,200,920 shares of the company’s stock valued at $48,553,000 after purchasing an additional 823,228 shares in the last quarter. Millennium Management LLC grew its position in shares of Hilton Grand Vacations by 44.5% during the 2nd quarter. Millennium Management LLC now owns 2,269,405 shares of the company’s stock worth $91,752,000 after buying an additional 698,664 shares during the period. Norges Bank bought a new stake in shares of Hilton Grand Vacations in the 4th quarter valued at $23,383,000. Breach Inlet Capital Management LLC acquired a new position in shares of Hilton Grand Vacations during the 4th quarter valued at $13,700,000. Finally, Dimensional Fund Advisors LP lifted its position in shares of Hilton Grand Vacations by 17.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,763,168 shares of the company’s stock valued at $70,847,000 after acquiring an additional 267,567 shares during the period. 97.23% of the stock is owned by institutional investors.

Hilton Grand Vacations Company Profile

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.