Hilton Grand Vacations Inc. (NYSE:HGV) Given Consensus Rating of “Hold” by Analysts

Hilton Grand Vacations Inc. (NYSE:HGV) has earned a consensus rating of “Hold” from the seven research firms that are covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $44.29.

A number of research analysts recently weighed in on the company. StockNews.com raised Hilton Grand Vacations from a “sell” rating to a “hold” rating in a research note on Wednesday, November 27th. Barclays restated an “equal weight” rating and set a $41.00 price objective (down previously from $44.00) on shares of Hilton Grand Vacations in a report on Friday. The Goldman Sachs Group increased their target price on Hilton Grand Vacations from $33.00 to $37.00 and gave the stock a “sell” rating in a report on Tuesday, December 10th. Truist Financial decreased their price target on shares of Hilton Grand Vacations from $52.00 to $51.00 and set a “buy” rating for the company in a research note on Tuesday, November 26th. Finally, Mizuho lowered their price objective on shares of Hilton Grand Vacations from $57.00 to $55.00 and set an “outperform” rating on the stock in a report on Tuesday, November 12th.

Hilton Grand Vacations Price Performance

HGV stock opened at $40.31 on Wednesday. The company has a quick ratio of 3.08, a current ratio of 4.83 and a debt-to-equity ratio of 3.32. The firm has a market cap of $3.97 billion, a price-to-earnings ratio of 45.81, a PEG ratio of 2.25 and a beta of 1.85. The company’s fifty day simple moving average is $39.72 and its 200 day simple moving average is $39.27. Hilton Grand Vacations has a 12-month low of $33.21 and a 12-month high of $49.02.

Hilton Grand Vacations (NYSE:HGV) last posted 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 during the quarter, compared to the consensus estimate of $1.29 billion. Hilton Grand Vacations had a return on equity of 16.44% and a net margin of 2.01%. The business’s revenue was up 28.3% on a year-over-year basis. During the same period last year, the business posted $0.98 earnings per share. On average, analysts expect that Hilton Grand Vacations will post 3.43 earnings per share for the current year.

Insider Activity at Hilton Grand Vacations

In other news, major shareholder Principal Holdings A. Gp Apollo sold 4,000,000 shares of the company’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $42.10, for a total value of $168,400,000.00. Following the completion of the transaction, the insider now directly owns 26,295,825 shares of the company’s stock, valued at $1,107,054,232.50. This represents a 13.20 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Charles R. Jr. Corbin sold 49,389 shares of the 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 directly owns 88,532 shares of the company’s stock, valued at $3,678,504.60. The trade was a 35.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.30% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Hilton Grand Vacations

Hedge funds have recently made changes to their positions in the business. Franklin Resources Inc. lifted its stake in Hilton Grand Vacations by 17.8% in the third quarter. Franklin Resources Inc. now owns 3,298,729 shares of the company’s stock valued at $117,402,000 after purchasing an additional 499,067 shares during the last quarter. FMR LLC raised its stake in shares of Hilton Grand Vacations by 39.0% in the third quarter. FMR LLC now owns 3,271,387 shares of the company’s stock valued at $118,817,000 after buying an additional 917,397 shares during the period. Millennium Management LLC lifted its position in shares of Hilton Grand Vacations by 44.5% during the 2nd quarter. Millennium Management LLC now owns 2,269,405 shares of the company’s stock valued at $91,752,000 after buying an additional 698,664 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Hilton Grand Vacations by 9.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,953,170 shares of the company’s stock worth $78,961,000 after acquiring an additional 162,459 shares during the period. Finally, Long Pond Capital LP raised its stake in Hilton Grand Vacations by 218.0% in the 2nd quarter. Long Pond Capital LP now owns 1,200,920 shares of the company’s stock valued at $48,553,000 after acquiring an additional 823,228 shares during the period. 97.23% of the stock is currently owned by institutional investors.

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.