Hilton Grand Vacations Inc. (NYSE:HGV) Receives Average Rating of “Hold” from Analysts

Hilton Grand Vacations Inc. (NYSE:HGV) has received a consensus rating of “Hold” from the seven research firms that are currently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating on the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $43.71.

HGV has been the subject of several recent analyst reports. The Goldman Sachs Group started coverage on Hilton Grand Vacations in a report on Wednesday, September 18th. They issued a “sell” rating and a $31.00 price objective for the company. JPMorgan Chase & Co. downgraded shares of 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 report on Friday, August 9th. Jefferies Financial Group cut shares of Hilton Grand Vacations from a “buy” rating to a “hold” rating and dropped their target price for the company from $55.00 to $35.00 in a report on Friday, August 9th. StockNews.com cut Hilton Grand Vacations from a “hold” rating to a “sell” rating in a report on Monday, August 12th. Finally, Barclays dropped their price objective on Hilton Grand Vacations from $54.00 to $40.00 and set an “overweight” rating on the stock in a research note on Friday, August 9th.

Hilton Grand Vacations Stock Up 2.1 %

Hilton Grand Vacations stock opened at $37.87 on Friday. The company has a fifty day simple moving average of $38.30 and a 200 day simple moving average of $41.19. The company has a current ratio of 4.36, a quick ratio of 2.97 and a debt-to-equity ratio of 3.18. Hilton Grand Vacations has a 1-year low of $33.13 and a 1-year high of $49.02. The company has a market cap of $3.93 billion, a P/E ratio of 17.86, a price-to-earnings-growth ratio of 2.32 and a beta of 1.83.

Hilton Grand Vacations (NYSE:HGV) last released its earnings results on Thursday, August 8th. The company reported $0.62 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.89 by ($0.27). The company had revenue of $1.24 billion for the quarter, compared to the consensus estimate of $1.33 billion. Hilton Grand Vacations had a return on equity of 18.06% and a net margin of 3.57%. The business’s revenue was up 22.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.85 EPS. Research analysts anticipate that Hilton Grand Vacations will post 3.07 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Hilton Grand Vacations

Institutional investors have recently made changes to their positions in the company. Long Pond Capital LP increased its stake in shares of 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 period. Millennium Management LLC increased its position 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 acquiring an additional 698,664 shares during the period. Norges Bank acquired a new position in Hilton Grand Vacations in the 4th quarter valued at $23,383,000. Breach Inlet Capital Management LLC bought a new stake in shares of Hilton Grand Vacations during the 4th quarter valued at $13,700,000. Finally, Parsifal Capital Management LP grew its stake in Hilton Grand Vacations by 6.0% during the fourth quarter. Parsifal Capital Management LP now owns 3,984,755 shares of the company’s stock worth $160,107,000 after buying an additional 225,893 shares in the last quarter. Institutional investors own 97.23% of the company’s stock.

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.