Hilton Grand Vacations (NYSE:HGV) Given New $49.00 Price Target at Barclays

Key Points

• Barclays raised the price target for Hilton Grand Vacations from $42.00 to $49.00, reflecting a potential upside of 13.33% from the company’s previous close.
• In the past week, analysts have provided mixed ratings on HGV, with Goldman Sachs issuing a sell rating at $39.00 while JMP Securities and Mizuho set higher targets of $50.00 and $73.00 respectively.
• Hilton Grand Vacations reported earnings of $0.54 per share, missing analyst estimates by $0.24, with revenue of $1.27 billion for the quarter, which was lower than the expected $1.38 billion.

Hilton Grand Vacations (NYSE:HGV - Get Free Report) had its target price lifted by research analysts at Barclays from $42.00 to $49.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm presently has an "equal weight" rating on the stock. Barclays's target price suggests a potential upside of 11.24% from the company's current price.

Several other analysts have also recently commented on the stock. JMP Securities restated a "market outperform" rating and issued a $50.00 target price on shares of Hilton Grand Vacations in a research note on Monday, May 5th. The Goldman Sachs Group reiterated a "sell" rating and set a $39.00 price objective on shares of Hilton Grand Vacations in a research note on Friday. Mizuho increased their price objective on shares of Hilton Grand Vacations from $70.00 to $73.00 and gave the company an "outperform" rating in a research note on Monday, July 21st. Finally, Morgan Stanley dropped their price objective on shares of Hilton Grand Vacations from $46.00 to $38.00 and set an "overweight" rating on the stock in a report on Tuesday, April 22nd. One research analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $48.25.

Hilton Grand Vacations Stock Down 0.5%

HGV stock traded down $0.21 during trading on Friday, hitting $44.05. 622,016 shares of the company's stock traded hands, compared to its average volume of 1,024,059. The business has a fifty day simple moving average of $43.36 and a two-hundred day simple moving average of $40.20. The company has a quick ratio of 2.77, a current ratio of 4.43 and a debt-to-equity ratio of 4.31. Hilton Grand Vacations has a 1 year low of $30.59 and a 1 year high of $52.08. The firm has a market capitalization of $3.93 billion, a P/E ratio of 80.09, a PEG ratio of 5.10 and a beta of 1.65.

Hilton Grand Vacations (NYSE:HGV - Get Free Report) last released its earnings results on Thursday, July 31st. The company reported $0.54 EPS for the quarter, missing analysts' consensus estimates of $0.78 by ($0.24). Hilton Grand Vacations had a return on equity of 9.71% and a net margin of 1.14%. The company had revenue of $1.27 billion for the quarter, compared to analysts' expectations of $1.38 billion. During the same period in the prior year, the firm earned $0.62 EPS. The firm's revenue for the quarter was up 2.5% on a year-over-year basis. Sell-side analysts anticipate that Hilton Grand Vacations will post 3.39 EPS for the current year.

Insider Activity at Hilton Grand Vacations

In other Hilton Grand Vacations news, insider Charles R. Jr. Corbin sold 51,000 shares of the stock in a transaction that occurred on Friday, May 9th. The stock was sold at an average price of $38.78, for a total value of $1,977,780.00. Following the completion of the sale, the insider owned 60,270 shares in the company, valued at approximately $2,337,270.60. This trade represents a 45.83% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 2.70% of the company's stock.

Institutional Trading of Hilton Grand Vacations

A number of hedge funds have recently bought and sold shares of HGV. MQS Management LLC bought a new stake in Hilton Grand Vacations during the second quarter worth approximately $645,000. State of New Jersey Common Pension Fund D raised its stake in shares of Hilton Grand Vacations by 3.9% during the 2nd quarter. State of New Jersey Common Pension Fund D now owns 48,806 shares of the company's stock valued at $2,027,000 after buying an additional 1,818 shares during the last quarter. Ethic Inc. acquired a new stake in Hilton Grand Vacations in the 2nd quarter worth about $206,000. PB Investment Partners L.P. lifted its stake in Hilton Grand Vacations by 6.7% in the 2nd quarter. PB Investment Partners L.P. now owns 610,098 shares of the company's stock worth $25,337,000 after purchasing an additional 38,540 shares in the last quarter. Finally, CWM LLC raised its position in Hilton Grand Vacations by 69.8% in the second quarter. CWM LLC now owns 1,277 shares of the company's stock valued at $53,000 after purchasing an additional 525 shares during the period. Hedge funds and other institutional investors own 97.23% of the company's stock.

Hilton Grand Vacations Company Profile

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.