Hilton Grand Vacations Inc. (NYSE:HGV) Receives $58.71 Consensus Price Target from Analysts

Shares of Hilton Grand Vacations Inc. (NYSE:HGV) have earned an average recommendation of “Buy” from the seven brokerages that are currently covering the company, Marketbeat reports. Seven investment analysts have rated the stock with a buy rating. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $58.71.

A number of equities analysts have commented on the company. Mizuho started coverage on Hilton Grand Vacations in a report on Tuesday, March 26th. They set a “buy” rating and a $63.00 target price for the company. JPMorgan Chase & Co. started coverage on Hilton Grand Vacations in a research report on Monday, April 15th. They issued an “overweight” rating and a $59.00 price target for the company. Truist Financial upped their price target on Hilton Grand Vacations from $70.00 to $71.00 and gave the company a “buy” rating in a research report on Tuesday, May 28th. Barclays upped their price target on Hilton Grand Vacations from $47.00 to $54.00 and gave the company an “overweight” rating in a research report on Friday, March 1st. Finally, JMP Securities restated a “market outperform” rating and issued a $55.00 price target on shares of Hilton Grand Vacations in a research report on Friday, March 1st.

Insider Buying and Selling

In related news, insider Jorge Pablo Brizi sold 28,000 shares of the stock in a transaction that occurred on Thursday, March 28th. The stock was sold at an average price of $47.00, for a total value of $1,316,000.00. Following the completion of the transaction, the insider now directly owns 51,855 shares in the company, valued at $2,437,185. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 2.30% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in HGV. Norges Bank purchased a new position in shares of Hilton Grand Vacations during the fourth quarter worth $23,383,000. Boulder Hill Capital Management LP purchased a new position in shares of Hilton Grand Vacations during the fourth quarter worth $1,933,000. Franklin Resources Inc. boosted its position in shares of Hilton Grand Vacations by 6.9% during the fourth quarter. Franklin Resources Inc. now owns 3,037,372 shares of the company’s stock worth $122,042,000 after buying an additional 195,485 shares during the period. Wesbanco Bank Inc. purchased a new position in shares of Hilton Grand Vacations during the third quarter worth $1,021,000. Finally, GSA Capital Partners LLP purchased a new position in shares of Hilton Grand Vacations during the third quarter worth $2,220,000. 97.23% of the stock is currently owned by hedge funds and other institutional investors.

Hilton Grand Vacations Price Performance

Shares of Hilton Grand Vacations stock opened at $40.08 on Wednesday. The business has a 50 day simple moving average of $42.03 and a two-hundred day simple moving average of $42.91. Hilton Grand Vacations has a 12 month low of $33.13 and a 12 month high of $49.02. The stock has a market capitalization of $4.16 billion, a P/E ratio of 18.91, a PEG ratio of 1.83 and a beta of 1.89. The company has a debt-to-equity ratio of 3.09, a current ratio of 4.44 and a quick ratio of 3.11.

Hilton Grand Vacations (NYSE:HGV) last announced its earnings results on Thursday, May 9th. The company reported $0.95 EPS for the quarter, beating analysts’ consensus estimates of $0.87 by $0.08. Hilton Grand Vacations had a return on equity of 19.41% and a net margin of 5.62%. The business had revenue of $1.16 billion during the quarter, compared to analysts’ expectations of $1.12 billion. During the same quarter in the prior year, the firm earned $0.79 earnings per share. The business’s revenue was up 23.8% compared to the same quarter last year. As a group, analysts predict that Hilton Grand Vacations will post 3.74 EPS for the current fiscal year.

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.