Hilton Grand Vacations (NYSE:HGV) Price Target Cut to $54.00 by Analysts at Morgan Stanley

Hilton Grand Vacations (NYSE:HGV) had its price objective dropped by equities research analysts at Morgan Stanley from $58.00 to $54.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm currently has an “equal weight” rating on the stock. Morgan Stanley’s price objective would indicate a potential upside of 20.21% from the company’s previous close.

HGV has been the topic of several other reports. The Goldman Sachs Group lowered their target price on shares of Hilton Grand Vacations from $55.00 to $47.00 and set a “neutral” rating on the stock in a research report on Friday, July 31st. Truist Financial lifted their price target on Hilton Grand Vacations from $67.00 to $71.00 and gave the stock a “buy” rating in a research note on Monday, May 18th. Zacks Research lowered shares of Hilton Grand Vacations from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 9th. Susquehanna started coverage on shares of Hilton Grand Vacations in a report on Tuesday. They set a “neutral” rating and a $50.00 target price for the company. Finally, Wall Street Zen downgraded shares of Hilton Grand Vacations from a “buy” rating to a “hold” rating in a report on Saturday, August 1st. Three equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat.com, Hilton Grand Vacations currently has a consensus rating of “Hold” and a consensus price target of $54.89.

Hilton Grand Vacations Trading Down 2.2%

NYSE HGV opened at $44.92 on Tuesday. The company has a quick ratio of 3.20, a current ratio of 5.02 and a debt-to-equity ratio of 6.18. The stock has a market capitalization of $3.49 billion, a P/E ratio of 25.38, a P/E/G ratio of 0.44 and a beta of 1.53. Hilton Grand Vacations has a 52-week low of $36.79 and a 52-week high of $55.40. The firm has a 50-day moving average price of $49.65 and a 200 day moving average price of $47.03.

Hilton Grand Vacations (NYSE:HGV) last issued its earnings results on Thursday, July 30th. The company reported $0.89 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.94 by ($0.05). Hilton Grand Vacations had a return on equity of 20.40% and a net margin of 2.86%.The business had revenue of $1.36 billion for the quarter, compared to analysts’ expectations of $1.38 billion. During the same period last year, the company posted $0.54 earnings per share. The business’s quarterly revenue was up 7.3% on a year-over-year basis. Equities research analysts expect that Hilton Grand Vacations will post 4.79 EPS for the current year.

Insider Transactions at Hilton Grand Vacations

In other news, insider Charles R. Jr. Corbin sold 20,691 shares of the business’s stock in a transaction that occurred on Thursday, August 6th. The shares were sold at an average price of $46.90, for a total value of $970,407.90. Following the completion of the transaction, the insider owned 47,924 shares of the company’s stock, valued at $2,247,635.60. The trade was a 30.16% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Mark D. Wang sold 190,813 shares of the company’s stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $51.93, for a total transaction of $9,908,919.09. Following the transaction, the insider directly owned 904,241 shares in the company, valued at $46,957,235.13. The trade was a 17.42% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 244,411 shares of company stock valued at $12,447,675. Insiders own 3.10% of the company’s stock.

Institutional Trading of Hilton Grand Vacations

A number of hedge funds have recently added to or reduced their stakes in HGV. BlackRock Inc. purchased a new position in shares of Hilton Grand Vacations during the 2nd quarter worth about $422,842,000. Parsifal Capital Management LP purchased a new stake in shares of Hilton Grand Vacations during the 2nd quarter valued at $108,863,038,000. Arrowstreet Capital Limited Partnership increased its holdings in shares of Hilton Grand Vacations by 489.6% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,582,535 shares of the company’s stock worth $66,166,000 after buying an additional 1,314,117 shares during the last quarter. TrinityBridge Ltd purchased a new position in shares of Hilton Grand Vacations in the 2nd quarter worth $52,540,000. Finally, Norges Bank acquired a new position in Hilton Grand Vacations in the fourth quarter valued at $32,871,000. 97.23% of the stock is owned by institutional investors and hedge funds.

Hilton Grand Vacations Company Profile

Hilton Grand Vacations Inc is a leading developer and marketer of premium vacation ownership resorts. The company specializes in selling timeshare interests in vacation properties under the Hilton Grand Vacations brand, enabling members to purchase deeded real estate interests and utilize a points-based system for booking stays. Alongside new sales, the company provides ongoing management services for its portfolio of resorts, ensuring high standards of guest services, resort maintenance, and member engagement through its proprietary technology platform.

In addition to vacation ownership sales, Hilton Grand Vacations offers a comprehensive suite of membership benefits.