Analysts Set Hilton Grand Vacations Inc. (NYSE:HGV) Price Target at $56.89

Hilton Grand Vacations Inc. (NYSE:HGV) has received an average recommendation of “Hold” from the eleven brokerages that are currently covering the firm, Marketbeat reports. Seven analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $56.8889.

A number of equities analysts have recently weighed in on the company. Citizens Jmp upped their price objective on Hilton Grand Vacations from $50.00 to $55.00 and gave the stock a “market outperform” rating in a research note on Monday, March 9th. Barclays upped their price objective on Hilton Grand Vacations from $48.00 to $51.00 and gave the stock an “equal weight” rating in a research note on Friday, May 1st. Mizuho dropped their price objective on Hilton Grand Vacations from $73.00 to $69.00 and set an “outperform” rating for the company in a research note on Friday, February 27th. Jefferies Financial Group boosted their target price on Hilton Grand Vacations from $46.00 to $50.00 and gave the stock a “hold” rating in a research report on Monday, March 2nd. Finally, The Goldman Sachs Group upgraded Hilton Grand Vacations from a “sell” rating to a “neutral” rating and set a $55.00 target price on the stock in a research report on Monday, June 1st.

Insider Buying and Selling

In related news, insider Charles R. Jr. Corbin sold 32,907 shares of the business’s 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 in the company, valued at approximately $3,270,190.90. The trade was a 32.41% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Mark D. Wang sold 190,813 shares of the business’s stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $51.93, for a total value of $9,908,919.09. Following the completion of the sale, the insider owned 904,241 shares in the company, valued at $46,957,235.13. This represents a 17.42% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have 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

Hedge funds have recently made changes to their positions in the company. Bard Associates Inc. purchased a new stake in shares of Hilton Grand Vacations in the fourth quarter worth about $29,000. EverSource Wealth Advisors LLC lifted its position in shares of Hilton Grand Vacations by 743.4% in the second quarter. EverSource Wealth Advisors LLC now owns 641 shares of the company’s stock worth $27,000 after buying an additional 565 shares in the last quarter. Leonteq Securities AG lifted its position in shares of Hilton Grand Vacations by 189.7% in the first quarter. Leonteq Securities AG now owns 672 shares of the company’s stock worth $26,000 after buying an additional 440 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of Hilton Grand Vacations by 60.6% in the fourth quarter. GAMMA Investing LLC now owns 925 shares of the company’s stock worth $41,000 after buying an additional 349 shares in the last quarter. Finally, Kestra Advisory Services LLC purchased a new stake in Hilton Grand Vacations during the fourth quarter valued at approximately $44,000. 97.23% of the stock is currently owned by hedge funds and other institutional investors.

Hilton Grand Vacations Stock Performance

NYSE HGV opened at $52.70 on Friday. The firm has a market cap of $4.18 billion, a price-to-earnings ratio of 28.18, a price-to-earnings-growth ratio of 0.47 and a beta of 1.50. The company has a quick ratio of 2.64, a current ratio of 4.33 and a debt-to-equity ratio of 5.41. The business has a 50-day moving average price of $48.37 and a 200-day moving average price of $45.78. Hilton Grand Vacations has a twelve month low of $36.79 and a twelve month high of $53.82.

Hilton Grand Vacations (NYSE:HGV) last released 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 firm had revenue of $1.29 billion during 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 business’s quarterly revenue was up 11.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.09 earnings per share. As a group, equities research analysts predict that Hilton Grand Vacations will post 5.11 EPS for the current fiscal year.

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.