Hilton Grand Vacations (NYSE:HGV) Coverage Initiated at Mizuho

Analysts at Mizuho started coverage on shares of Hilton Grand Vacations (NYSE:HGV) in a research report issued on Tuesday, Marketbeat reports. The firm set a “buy” rating and a $63.00 price target on the stock. Mizuho’s target price suggests a potential upside of 32.05% from the company’s current price.

HGV has been the subject of several other reports. JMP Securities reiterated a “market outperform” rating and issued a $55.00 target price on shares of Hilton Grand Vacations in a research note on Friday, March 1st. Jefferies Financial Group raised shares of Hilton Grand Vacations from a “hold” rating to a “buy” rating and increased their target price for the stock from $39.00 to $50.00 in a research note on Tuesday, January 2nd. Barclays upped their price target on Hilton Grand Vacations from $47.00 to $54.00 and gave the stock an “overweight” rating in a report on Friday, March 1st. Finally, Truist Financial boosted their price objective on Hilton Grand Vacations from $66.00 to $70.00 and gave the company a “buy” rating in a research report on Friday, March 15th. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $57.29.

Hilton Grand Vacations Price Performance

NYSE:HGV opened at $47.71 on Tuesday. The firm’s fifty day moving average is $44.30 and its two-hundred day moving average is $40.55. The firm has a market cap of $5.00 billion, a price-to-earnings ratio of 17.04, a PEG ratio of 0.96 and a beta of 1.93. The company has a debt-to-equity ratio of 2.13, a quick ratio of 3.10 and a current ratio of 4.34. Hilton Grand Vacations has a one year low of $33.13 and a one year high of $49.02.

Hilton Grand Vacations (NYSE:HGV) last issued its earnings results on Thursday, February 29th. The company reported $1.01 EPS for the quarter, topping analysts’ consensus estimates of $0.97 by $0.04. The firm had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $1.02 billion. Hilton Grand Vacations had a return on equity of 19.06% and a net margin of 7.87%. The company’s revenue was up 2.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.01 earnings per share. Research analysts expect that Hilton Grand Vacations will post 4.07 EPS for the current year.

Insider Transactions at Hilton Grand Vacations

In other Hilton Grand Vacations news, insider Charles R. Jr. Corbin sold 23,000 shares of the firm’s stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $45.49, for a total value of $1,046,270.00. Following the transaction, the insider now owns 140,618 shares in the company, valued at approximately $6,396,712.82. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, insider Charles R. Jr. Corbin sold 23,000 shares of the company’s stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $45.49, for a total transaction of $1,046,270.00. Following the completion of the sale, the insider now owns 140,618 shares of the company’s stock, valued at approximately $6,396,712.82. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Charles R. Jr. Corbin sold 38,557 shares of the firm’s stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $46.18, for a total transaction of $1,780,562.26. Following the completion of the transaction, the insider now directly owns 166,997 shares in the company, valued at $7,711,921.46. The disclosure for this sale can be found here. Corporate 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 added to or reduced their stakes in the stock. Quadrature Capital Ltd acquired a new stake in shares of Hilton Grand Vacations in the 4th quarter worth $277,000. Barclays PLC increased its position in Hilton Grand Vacations by 55.0% during the fourth quarter. Barclays PLC now owns 266,371 shares of the company’s stock worth $10,703,000 after purchasing an additional 94,464 shares during the last quarter. Occudo Quantitative Strategies LP purchased a new position in Hilton Grand Vacations during the fourth quarter worth about $900,000. Parsifal Capital Management LP boosted its holdings in Hilton Grand Vacations by 6.0% in the 4th quarter. Parsifal Capital Management LP now owns 3,984,755 shares of the company’s stock valued at $160,107,000 after purchasing an additional 225,893 shares during the last quarter. Finally, Fund 1 Investments LLC grew its stake in shares of Hilton Grand Vacations by 30.3% in the 4th quarter. Fund 1 Investments LLC now owns 134,490 shares of the company’s stock valued at $5,404,000 after buying an additional 31,250 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.