Hilton Grand Vacations Inc. (NYSE:HGV) Receives $52.33 Average Price Target from Analysts

Shares of Hilton Grand Vacations Inc. (NYSE:HGV) have earned a consensus recommendation of “Hold” from the eleven brokerages that are presently covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and four have given a buy recommendation to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $52.3333.

A number of analysts have issued reports on the company. Mizuho cut their target price 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. Zacks Research cut shares of Hilton Grand Vacations from a “hold” rating to a “strong sell” rating in a research report on Tuesday, March 3rd. Barclays dropped their price objective on shares of Hilton Grand Vacations from $49.00 to $48.00 and set an “equal weight” rating for the company in a report on Monday, March 2nd. Jefferies Financial Group lifted their target price on shares of Hilton Grand Vacations from $46.00 to $50.00 and gave the stock a “hold” rating in a research note on Monday, March 2nd. Finally, The Goldman Sachs Group reiterated a “sell” rating and issued a $40.00 target price on shares of Hilton Grand Vacations in a report on Thursday, February 26th.

Hilton Grand Vacations Price Performance

HGV stock opened at $40.50 on Tuesday. The company has a debt-to-equity ratio of 5.04, a current ratio of 5.20 and a quick ratio of 3.17. The business has a 50 day simple moving average of $44.13 and a 200-day simple moving average of $43.65. The firm has a market capitalization of $3.29 billion, a PE ratio of 44.50, a price-to-earnings-growth ratio of 0.56 and a beta of 1.49. Hilton Grand Vacations has a 1 year low of $30.59 and a 1 year high of $52.08.

Hilton Grand Vacations (NYSE:HGV) last posted its quarterly earnings results on Thursday, February 26th. The company reported $0.88 EPS for the quarter, missing the consensus estimate of $1.05 by ($0.17). The company had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.38 billion. Hilton Grand Vacations had a net margin of 1.60% and a return on equity of 11.90%. Hilton Grand Vacations’s revenue for the quarter was up 3.8% compared to the same quarter last year. During the same period in the prior year, the business posted $0.49 EPS. Equities research analysts anticipate that Hilton Grand Vacations will post 3.39 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Invesco Ltd. grew its position in Hilton Grand Vacations by 2.7% in the fourth quarter. Invesco Ltd. now owns 370,903 shares of the company’s stock worth $16,598,000 after acquiring an additional 9,684 shares during the period. VARCOV Co. purchased a new stake in Hilton Grand Vacations in the fourth quarter valued at $2,009,000. Voloridge Investment Management LLC lifted its stake in shares of Hilton Grand Vacations by 10.8% in the 4th quarter. Voloridge Investment Management LLC now owns 154,737 shares of the company’s stock valued at $6,924,000 after purchasing an additional 15,055 shares during the last quarter. Readystate Asset Management LP lifted its stake in shares of Hilton Grand Vacations by 40.3% in the 4th quarter. Readystate Asset Management LP now owns 26,902 shares of the company’s stock valued at $1,204,000 after purchasing an additional 7,721 shares during the last quarter. Finally, Janus Henderson Group PLC grew its holdings in shares of Hilton Grand Vacations by 28.9% during the 4th quarter. Janus Henderson Group PLC now owns 30,328 shares of the company’s stock worth $1,357,000 after purchasing an additional 6,800 shares during the period. 97.23% of the stock is currently owned by institutional investors and hedge funds.

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.