Analysts Set Hilton Grand Vacations Inc. (NYSE:HGV) Price Target at $43.57

Shares of Hilton Grand Vacations Inc. (NYSE:HGV) have been given an average rating of “Hold” by the eight analysts that are presently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, three have given a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $44.00.

A number of analysts have recently issued reports on HGV shares. StockNews.com upgraded Hilton Grand Vacations from a “sell” rating to a “hold” rating in a report on Wednesday, November 27th. The Goldman Sachs Group upped their price target on Hilton Grand Vacations from $33.00 to $37.00 and gave the stock a “sell” rating in a report on Tuesday, December 10th. Morgan Stanley initiated coverage on Hilton Grand Vacations in a report on Monday. They issued an “overweight” rating and a $47.00 price target for the company. Barclays restated an “equal weight” rating and issued a $41.00 price target (down previously from $44.00) on shares of Hilton Grand Vacations in a report on Friday, December 13th. Finally, JMP Securities decreased their price target on Hilton Grand Vacations from $55.00 to $50.00 and set a “market outperform” rating for the company in a report on Wednesday, December 18th.

Hilton Grand Vacations Stock Up 1.4 %

Shares of NYSE:HGV opened at $38.60 on Friday. 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 has a 1 year low of $33.21 and a 1 year high of $49.02. The stock has a market capitalization of $3.80 billion, a P/E ratio of 43.86, a PEG ratio of 2.22 and a beta of 1.86. The stock has a 50-day simple moving average of $40.43 and a 200-day simple moving average of $39.10.

Hilton Grand Vacations (NYSE:HGV) last issued its earnings results on Thursday, November 7th. The company reported $0.67 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.03). Hilton Grand Vacations had a return on equity of 16.44% and a net margin of 2.01%. The firm had revenue of $1.31 billion for the quarter, compared to analysts’ expectations of $1.29 billion. During the same quarter in the previous year, the firm posted $0.98 EPS. The firm’s revenue for the quarter was up 28.3% compared to the same quarter last year. Equities analysts forecast that Hilton Grand Vacations will post 3.43 earnings per share for the current year.

Insider Buying and Selling at Hilton Grand Vacations

In other Hilton Grand Vacations news, insider Charles R. Jr. Corbin sold 49,389 shares of the company’s stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $41.55, for a total value of $2,052,112.95. Following the transaction, the insider now directly owns 88,532 shares of the company’s stock, valued at $3,678,504.60. This represents a 35.81 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, major shareholder Principal Holdings A. Gp Apollo sold 4,000,000 shares of the firm’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $42.10, for a total value of $168,400,000.00. Following the transaction, the insider now owns 26,295,825 shares in the company, valued at $1,107,054,232.50. This trade represents a 13.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.30% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Hilton Grand Vacations

Several hedge funds and other institutional investors have recently modified their holdings of the company. Franklin Resources Inc. raised its stake in Hilton Grand Vacations by 17.8% during the 3rd quarter. Franklin Resources Inc. now owns 3,298,729 shares of the company’s stock valued at $117,402,000 after acquiring an additional 499,067 shares in the last quarter. FMR LLC increased its holdings in shares of Hilton Grand Vacations by 39.0% during the third quarter. FMR LLC now owns 3,271,387 shares of the company’s stock valued at $118,817,000 after purchasing an additional 917,397 shares during the period. Millennium Management LLC raised its stake in shares of Hilton Grand Vacations by 44.5% during the second quarter. Millennium Management LLC now owns 2,269,405 shares of the company’s stock valued at $91,752,000 after purchasing an additional 698,664 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in Hilton Grand Vacations by 9.1% in the second 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. Finally, Long Pond Capital LP grew its position in 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 valued at $48,553,000 after buying an additional 823,228 shares in the last quarter. Institutional investors and hedge funds 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.