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

Shares of Hilton Grand Vacations Inc. (NYSE:HGV) have earned a consensus rating of “Hold” from the seven research firms that are covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month target price among brokers that have covered the stock in the last year is $43.71.

Several analysts have recently weighed in on HGV shares. StockNews.com downgraded Hilton Grand Vacations from a “hold” rating to a “sell” rating in a report on Monday, August 12th. Jefferies Financial Group cut Hilton Grand Vacations from a “buy” rating to a “hold” rating and dropped their price target for the company from $55.00 to $35.00 in a research report on Friday, August 9th. Mizuho dropped their price target on Hilton Grand Vacations from $63.00 to $57.00 and set an “outperform” rating on the stock in a research report on Friday, August 9th. Truist Financial dropped their price target on Hilton Grand Vacations from $71.00 to $52.00 and set a “buy” rating on the stock in a research report on Thursday, September 5th. Finally, The Goldman Sachs Group started coverage on Hilton Grand Vacations in a research report on Wednesday, September 18th. They issued a “sell” rating and a $31.00 price target on the stock.

Hilton Grand Vacations Stock Up 1.8 %

Hilton Grand Vacations stock opened at $38.13 on Tuesday. Hilton Grand Vacations has a fifty-two week low of $33.13 and a fifty-two week high of $49.02. The company has a debt-to-equity ratio of 3.18, a quick ratio of 2.97 and a current ratio of 4.36. The company has a market capitalization of $3.87 billion, a P/E ratio of 26.66, a PEG ratio of 1.97 and a beta of 1.83. The stock has a 50-day simple moving average of $37.03 and a 200-day simple moving average of $39.77.

Hilton Grand Vacations (NYSE:HGV) last posted its earnings results on Thursday, August 8th. The company reported $0.62 earnings per share 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 analysts’ expectations of $1.33 billion. During the same period in the previous year, the firm posted $0.85 earnings per share. The firm’s revenue for the quarter was up 22.6% on a year-over-year basis. Equities research analysts expect that Hilton Grand Vacations will post 3.55 earnings per share for the current year.

Hedge Funds Weigh In On Hilton Grand Vacations

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its position in Hilton Grand Vacations by 1.0% during the 1st quarter. Vanguard Group Inc. now owns 7,546,080 shares of the company’s stock worth $356,250,000 after purchasing an additional 77,934 shares during the period. Millennium Management LLC increased its position in 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 purchasing an additional 698,664 shares during the period. Dimensional Fund Advisors LP increased its position in Hilton Grand Vacations by 9.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,953,170 shares of the company’s stock worth $78,961,000 after purchasing an additional 162,459 shares during the period. Long Pond Capital LP grew its holdings in shares of Hilton Grand Vacations by 218.0% in the 2nd quarter. Long Pond Capital LP now owns 1,200,920 shares of the company’s stock worth $48,553,000 after acquiring an additional 823,228 shares during the period. Finally, Iridian Asset Management LLC CT grew its holdings in shares of Hilton Grand Vacations by 8.4% in the 3rd quarter. Iridian Asset Management LLC CT now owns 311,673 shares of the company’s stock worth $11,320,000 after acquiring an additional 24,053 shares during the period. 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.