Hilton Grand Vacations (NYSE:HGV) Given New $51.00 Price Target at Truist Financial

Hilton Grand Vacations (NYSE:HGV) had its price target reduced by Truist Financial from $52.00 to $51.00 in a research note released on Tuesday,Benzinga reports. Truist Financial currently has a buy rating on the stock.

Several other research firms have also issued reports on HGV. Mizuho lowered their price target on Hilton Grand Vacations from $57.00 to $55.00 and set an “outperform” rating for the company in a research report on Tuesday, November 12th. The Goldman Sachs Group began coverage on shares of Hilton Grand Vacations in a report on Wednesday, September 18th. They issued a “sell” rating and a $31.00 target price for the company. StockNews.com cut shares of Hilton Grand Vacations from a “hold” rating to a “sell” rating in a report on Monday, August 12th. JPMorgan Chase & Co. lowered shares of Hilton Grand Vacations from an “overweight” rating to a “neutral” rating and decreased their price objective for the stock from $55.00 to $36.00 in a report on Friday, August 9th. Finally, Jefferies Financial Group downgraded Hilton Grand Vacations from a “buy” rating to a “hold” rating and cut their target price for the company from $55.00 to $35.00 in a research note on Friday, August 9th. 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 data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $43.86.

Hilton Grand Vacations Price Performance

Shares of HGV opened at $41.63 on Tuesday. Hilton Grand Vacations has a fifty-two week low of $33.21 and a fifty-two week high of $49.02. The firm’s 50-day simple moving average is $38.55 and its two-hundred day simple moving average is $39.30. The stock has a market cap of $4.10 billion, a PE ratio of 47.31, a price-to-earnings-growth ratio of 2.28 and a beta of 1.82. The company has a debt-to-equity ratio of 3.32, a quick ratio of 3.08 and a current ratio of 4.83.

Hilton Grand Vacations (NYSE:HGV) last posted its quarterly earnings results on Thursday, November 7th. The company reported $0.67 earnings per share for the quarter, missing the consensus estimate of $0.70 by ($0.03). The company had revenue of $1.31 billion during the quarter, compared to analysts’ expectations of $1.29 billion. Hilton Grand Vacations had a return on equity of 16.44% and a net margin of 2.01%. The business’s quarterly revenue was up 28.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.98 EPS. Analysts anticipate that Hilton Grand Vacations will post 3.49 earnings per share for the current fiscal year.

Insider Activity

In other Hilton Grand Vacations news, insider Charles R. Jr. Corbin sold 49,389 shares of the business’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $41.55, for a total transaction of $2,052,112.95. Following the completion of the sale, the insider now directly owns 88,532 shares in the company, valued at $3,678,504.60. The trade was a 35.81 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 2.30% of the company’s stock.

Hedge Funds Weigh In On Hilton Grand Vacations

A number of institutional investors and hedge funds have recently made changes to their positions in the business. CANADA LIFE ASSURANCE Co raised its position in Hilton Grand Vacations by 23.2% in the first quarter. CANADA LIFE ASSURANCE Co now owns 50,456 shares of the company’s stock worth $2,380,000 after acquiring an additional 9,515 shares during the period. Quadrature Capital Ltd raised its holdings in Hilton Grand Vacations by 59.5% in the 1st quarter. Quadrature Capital Ltd now owns 10,980 shares of the company’s stock worth $518,000 after purchasing an additional 4,096 shares during the period. Wesbanco Bank Inc. lifted its position in Hilton Grand Vacations by 28.0% during the second quarter. Wesbanco Bank Inc. now owns 32,122 shares of the company’s stock valued at $1,299,000 after purchasing an additional 7,029 shares in the last quarter. SG Americas Securities LLC grew its holdings in Hilton Grand Vacations by 73.1% during the second quarter. SG Americas Securities LLC now owns 8,331 shares of the company’s stock valued at $337,000 after purchasing an additional 3,519 shares during the period. Finally, TCW Group Inc. increased its position in Hilton Grand Vacations by 54.4% in the second quarter. TCW Group Inc. now owns 49,663 shares of the company’s stock worth $2,008,000 after buying an additional 17,493 shares in the last quarter. 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.