Hilton Grand Vacations Inc. (NYSE:HGV) Stock Has Average Target Price of $51.30

Key Points

• Analysts maintain a “Hold” consensus on Hilton Grand Vacations, with eight hold, four buy and one sell rating. The average 12-month price target is $51.30, although several firms recently lowered their targets.
• HGV shares traded at $35.43, near their 12-month low of $33.99. The company’s latest quarterly earnings of $0.89 per share missed estimates, while revenue rose 7.3% year over year to $1.36 billion.
• The board authorized a $600 million share-buyback program, allowing repurchases of up to 17% of outstanding shares. Institutional investors own 97.23% of the stock, with BlackRock among the major recent buyers.

Hilton Grand Vacations Inc. (NYSE:HGV - Get Free Report) has earned a consensus rating of "Hold" from the thirteen research firms that are covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, eight have given a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $51.30.

HGV has been the topic of a number of recent analyst reports. Susquehanna cut their price target on shares of Hilton Grand Vacations from $50.00 to $39.00 and set a "neutral" rating on the stock in a research note on Thursday. Mizuho decreased their price target on shares of Hilton Grand Vacations from $75.00 to $74.00 and set an "outperform" rating on the stock in a report on Friday, July 31st. Barclays lowered their price objective on shares of Hilton Grand Vacations from $51.00 to $46.00 and set an "equal weight" rating for the company in a research note on Friday, July 31st. Zacks Research downgraded Hilton Grand Vacations from a "hold" rating to a "strong sell" rating in a report on Monday, October 5th. Finally, Morgan Stanley cut their target price on Hilton Grand Vacations from $58.00 to $54.00 and set an "equal weight" rating on the stock in a research report on Tuesday, August 18th.

Insider Buying and Selling

In other news, insider Charles Corbin, Jr. sold 20,691 shares of the firm's stock in a transaction dated Thursday, August 6th. The stock was sold at an average price of $46.90, for a total value of $970,407.90. Following the transaction, the insider directly owned 47,924 shares in the company, valued at $2,247,635.60. This trade represents a 30.16% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 3.10% of the stock is owned by corporate insiders.

Institutional Trading of Hilton Grand Vacations

A number of institutional investors have recently modified their holdings of HGV. BlackRock Inc. purchased a new stake in Hilton Grand Vacations during the second quarter worth approximately $422,842,000. Dimensional Fund Advisors LP raised its stake in shares of Hilton Grand Vacations by 1.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 3,869,731 shares of the company's stock valued at $151,375,000 after acquiring an additional 60,624 shares during the period. Parsifal Capital Management LP purchased a new position in shares of Hilton Grand Vacations in the 2nd quarter valued at $108,863,038. TrinityBridge Ltd purchased a new position in shares of Hilton Grand Vacations in the 2nd quarter valued at $52,540,000. Finally, Bank of America Corp DE lifted its holdings in shares of Hilton Grand Vacations by 411.4% during the 1st quarter. Bank of America Corp DE now owns 566,855 shares of the company's stock valued at $22,175,000 after acquiring an additional 456,008 shares in the last quarter. Hedge funds and other institutional investors own 97.23% of the company's stock.

Hilton Grand Vacations Price Performance

Hilton Grand Vacations stock traded down $0.60 during mid-day trading on Friday, hitting $35.43. 981,601 shares of the company were exchanged, compared to its average volume of 1,133,100. Hilton Grand Vacations has a 12-month low of $33.99 and a 12-month high of $55.40. The company has a market capitalization of $2.75 billion, a P/E ratio of 20.01, a PEG ratio of 0.36 and a beta of 1.61. The business's 50 day simple moving average is $39.35 and its two-hundred day simple moving average is $45.22. The company has a debt-to-equity ratio of 6.18, a current ratio of 5.02 and a quick ratio of 3.20.

Hilton Grand Vacations (NYSE:HGV - Get Free Report) last issued its quarterly earnings data on Thursday, July 30th. The company reported $0.89 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.94 by ($0.05). The company had revenue of $1.36 billion during the quarter, compared to analysts' expectations of $1.38 billion. Hilton Grand Vacations had a net margin of 2.86% and a return on equity of 20.40%. The firm's revenue was up 7.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.54 earnings per share. Analysts forecast that Hilton Grand Vacations will post 4.50 earnings per share for the current fiscal year.

Hilton Grand Vacations announced that its board has initiated a share buyback plan on Thursday, August 20th that permits the company to repurchase $600.00 million in outstanding shares. This buyback authorization permits the company to reacquire up to 17% of its shares through open market purchases. Share buyback plans are often a sign that the company's leadership believes its stock is undervalued.

Hilton Grand Vacations Company Profile

Hilton Grand Vacations Inc NYSE: HGV is a global vacation ownership company that develops, markets, sells and manages timeshare interests and related travel experiences. Through its vacation ownership programs, customers purchase points or interests that can be used for stays at a network of resorts and accommodations, often with access to exchange and reservation services.

The company operates a portfolio of vacation ownership brands and offerings, including Hilton Grand Vacations, Hilton Club, HGV Max and properties associated with Diamond Resorts and Bluegreen Vacations.

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