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 eight brokerages that are presently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $44.00.

Several equities research analysts recently issued reports on the stock. Morgan Stanley started coverage on shares of Hilton Grand Vacations in a research note on Monday, January 6th. They issued an “overweight” rating and a $47.00 price objective for the company. Mizuho reduced 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. StockNews.com raised Hilton Grand Vacations from a “sell” rating to a “hold” rating in a report on Wednesday, November 27th. Barclays restated an “equal weight” rating and issued a $41.00 target price (down from $44.00) on shares of Hilton Grand Vacations in a report on Friday, December 13th. Finally, Truist Financial lowered their price target on Hilton Grand Vacations from $52.00 to $51.00 and set a “buy” rating on the stock in a report on Tuesday, November 26th.

Insiders Place Their Bets

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

Hedge Funds Weigh In On Hilton Grand Vacations

Hedge funds and other institutional investors have recently made changes to their positions in the business. Reston Wealth Management LLC bought a new stake in Hilton Grand Vacations in the third quarter valued at about $25,000. Blue Trust Inc. grew its stake in shares of Hilton Grand Vacations by 141.7% in the 3rd quarter. Blue Trust Inc. now owns 1,003 shares of the company’s stock valued at $36,000 after purchasing an additional 588 shares during the period. Canada Pension Plan Investment Board acquired a new position in shares of Hilton Grand Vacations in the 2nd quarter worth approximately $93,000. Ashton Thomas Private Wealth LLC bought a new position in shares of Hilton Grand Vacations during the 2nd quarter worth approximately $120,000. Finally, Wittenberg Investment Management Inc. acquired a new stake in Hilton Grand Vacations in the 3rd quarter valued at $345,000. 97.23% of the stock is owned by institutional investors.

Hilton Grand Vacations Stock Performance

Shares of HGV stock opened at $37.99 on Friday. Hilton Grand Vacations has a fifty-two week low of $33.21 and a fifty-two week high of $49.02. The stock’s 50-day moving average is $40.49 and its two-hundred day moving average is $39.05. The company has a debt-to-equity ratio of 3.32, a current ratio of 4.83 and a quick ratio of 3.08. The firm has a market cap of $3.74 billion, a P/E ratio of 43.17, a PEG ratio of 2.22 and a beta of 1.86.

Hilton Grand Vacations (NYSE:HGV) last issued its quarterly earnings data 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 business had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.29 billion. Hilton Grand Vacations had a net margin of 2.01% and a return on equity of 16.44%. Hilton Grand Vacations’s revenue was up 28.3% compared to the same quarter last year. During the same period in the previous year, the business posted $0.98 EPS. Analysts predict that Hilton Grand Vacations will post 3.43 earnings per share for the current fiscal year.

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.