Hilton Grand Vacations Inc. (NYSE:HGV) Receives Consensus Recommendation of “Hold” from Brokerages

Hilton Grand Vacations Inc. (NYSE:HGV) has earned a consensus rating of “Hold” from the eleven research firms that are presently covering the company, MarketBeat reports. Seven investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $56.8889.

HGV has been the subject of a number of analyst reports. Barclays boosted their price objective on Hilton Grand Vacations from $48.00 to $51.00 and gave the stock an “equal weight” rating in a research report on Friday, May 1st. Zacks Research downgraded shares of Hilton Grand Vacations from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 9th. The Goldman Sachs Group upgraded shares of Hilton Grand Vacations from a “sell” rating to a “neutral” rating and set a $55.00 price target for the company in a report on Monday, June 1st. Truist Financial increased their price objective on shares of Hilton Grand Vacations from $67.00 to $71.00 and gave the company a “buy” rating in a research report on Monday, May 18th. Finally, Wall Street Zen upgraded shares of Hilton Grand Vacations from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 2nd.

Hilton Grand Vacations Stock Performance

Shares of HGV stock opened at $49.18 on Thursday. The firm has a 50 day moving average of $49.82 and a two-hundred day moving average of $46.65. The stock has a market capitalization of $3.90 billion, a PE ratio of 26.30, a P/E/G ratio of 0.46 and a beta of 1.51. The company has a quick ratio of 2.64, a current ratio of 4.33 and a debt-to-equity ratio of 5.41. Hilton Grand Vacations has a 52 week low of $36.79 and a 52 week high of $55.40.

Hilton Grand Vacations (NYSE:HGV) last posted its quarterly earnings data on Thursday, April 30th. The company reported $0.99 earnings per share for the quarter, topping analysts’ consensus estimates of $0.56 by $0.43. The business had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.27 billion. Hilton Grand Vacations had a return on equity of 17.62% and a net margin of 3.16%.The company’s revenue was up 11.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.09 earnings per share. On average, research analysts predict that Hilton Grand Vacations will post 5.11 EPS for the current fiscal year.

Insider Buying and Selling

In other Hilton Grand Vacations news, insider Carlos Hernandez sold 5,595 shares of the firm’s stock in a transaction on Tuesday, May 19th. The stock was sold at an average price of $46.69, for a total value of $261,230.55. Following the sale, the insider directly owned 14,080 shares in the company, valued at $657,395.20. This trade represents a 28.44% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Charles R. Jr. Corbin sold 32,907 shares of Hilton Grand Vacations stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $47.66, for a total value of $1,568,347.62. Following the sale, the insider directly owned 68,615 shares of the company’s stock, valued at $3,270,190.90. This trade represents a 32.41% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 229,315 shares of company stock worth $11,738,497. Corporate insiders own 3.10% of the company’s stock.

Institutional Investors Weigh In On Hilton Grand Vacations

Several hedge funds and other institutional investors have recently made changes to their positions in HGV. Tudor Investment Corp ET AL acquired a new stake in shares of Hilton Grand Vacations during the 3rd quarter worth about $6,956,000. Geode Capital Management LLC grew its stake in Hilton Grand Vacations by 1.7% during the fourth quarter. Geode Capital Management LLC now owns 1,472,796 shares of the company’s stock worth $65,919,000 after buying an additional 25,020 shares during the last quarter. TFJ Management LLC grew its stake in Hilton Grand Vacations by 17.1% during the third quarter. TFJ Management LLC now owns 266,171 shares of the company’s stock worth $11,129,000 after buying an additional 38,780 shares during the last quarter. Iridian Asset Management LLC CT raised its stake in shares of Hilton Grand Vacations by 69.7% in the fourth quarter. Iridian Asset Management LLC CT now owns 464,964 shares of the company’s stock valued at $20,807,000 after acquiring an additional 190,909 shares during the last quarter. Finally, Ghisallo Capital Management LLC acquired a new position in shares of Hilton Grand Vacations in the 3rd quarter worth approximately $5,226,000. Institutional investors and hedge funds own 97.23% of the company’s stock.

About Hilton Grand Vacations

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.