Hilton Grand Vacations Inc. (NYSE:HGV) Stock Has Consensus Price Target of $49.10 According to Analysts

Key Points

• Analysts rate Hilton Grand Vacations “Hold” overall: 10 of 13 analysts recommend holding, two recommend buying, and one recommends selling. Their average 12-month price target is $49.10.
• The company reported quarterly EPS of $4.03, beating the $1.08 consensus estimate, while revenue of $1.96 billion exceeded forecasts and rose 50.8% year over year.
• Hilton Grand Vacations authorized a $600 million share repurchase plan, allowing buybacks of up to 17% of its outstanding stock.

Hilton Grand Vacations Inc. (NYSE:HGV - Get Free Report) has been given an average rating of "Hold" by the thirteen ratings firms that are presently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, ten have given a hold recommendation and two have issued a buy recommendation on the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $49.10.

A number of research analysts have recently weighed in on HGV shares. Mizuho cut 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. Weiss Ratings upgraded Hilton Grand Vacations from a "sell (d+)" rating to a "hold (c)" rating in a research note on Tuesday, November 3rd. JPMorgan Chase & Co. lowered their price objective on Hilton Grand Vacations from $39.00 to $38.00 and set a "neutral" rating on the stock in a report on Friday, October 30th. The Goldman Sachs Group cut their price objective on Hilton Grand Vacations from $40.00 to $35.00 and set a "neutral" rating on the stock in a research note on Friday, October 30th. Finally, Truist Financial decreased their target price on Hilton Grand Vacations from $71.00 to $69.00 and set a "buy" rating for the company in a research report on Thursday, September 10th.

Insider Buying and Selling at Hilton Grand Vacations

In other Hilton Grand Vacations news, insider Charles Corbin, Jr. sold 60,401 shares of the business's stock in a transaction on Wednesday, November 4th. The shares were sold at an average price of $43.41, for a total transaction of $2,622,007.41. Following the completion of the transaction, the insider owned 47,924 shares of the company's stock, valued at $2,080,380.84. The trade was a 55.76% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Mark Wang bought 12,200 shares of the company's stock in a transaction that occurred on Monday, November 2nd. The shares were bought at an average cost of $40.92 per share, for a total transaction of $499,224.00. Following the transaction, the insider directly owned 916,715 shares of the company's stock, valued at $37,511,977.80. This trade represents a 1.35% increase in their position. The disclosure for this purchase is available in the SEC filing. Company insiders own 3.10% of the company's stock.

Institutional Trading of Hilton Grand Vacations

Institutional investors have recently made changes to their positions in the business. BlackRock Inc. bought a new position in Hilton Grand Vacations during the second quarter worth about $422,842,000. Dimensional Fund Advisors LP raised its holdings 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 worth $151,375,000 after buying an additional 60,624 shares in the last quarter. Parsifal Capital Management LP bought a new position in shares of Hilton Grand Vacations during the 2nd quarter worth approximately $108,863,038. TrinityBridge Ltd bought a new position in shares of Hilton Grand Vacations during the 2nd quarter worth approximately $52,540,000. Finally, Iridian Asset Management LLC CT raised its stake in Hilton Grand Vacations by 54.5% during the third quarter. Iridian Asset Management LLC CT now owns 711,664 shares of the company's stock worth $24,666,000 after acquiring an additional 251,068 shares in the last quarter. 97.23% of the stock is currently owned by institutional investors and hedge funds.

Hilton Grand Vacations Stock Performance

Shares of NYSE HGV opened at $45.46 on Wednesday. The company has a market capitalization of $3.45 billion, a P/E ratio of 8.76, a price-to-earnings-growth ratio of 0.32 and a beta of 1.60. The company has a debt-to-equity ratio of 5.29, a current ratio of 5.15 and a quick ratio of 3.35. Hilton Grand Vacations has a one year low of $33.99 and a one year high of $55.40. The business's 50-day moving average price is $37.63 and its two-hundred day moving average price is $44.49.

Hilton Grand Vacations (NYSE:HGV - Get Free Report) last issued its quarterly earnings data on Thursday, October 29th. The company reported $4.03 earnings per share for the quarter, beating the consensus estimate of $1.08 by $2.95. The firm had revenue of $1.96 billion for the quarter, compared to analyst estimates of $1.39 billion. Hilton Grand Vacations had a net margin of 7.02% and a return on equity of 39.73%. The company's revenue for the quarter was up 50.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.60 earnings per share. Analysts anticipate that Hilton Grand Vacations will post 6.38 earnings per share for the current fiscal year.

Hilton Grand Vacations declared that its board has initiated a share repurchase plan on Thursday, August 20th that permits the company to buy back $600 million in shares. This repurchase authorization permits the company to purchase up to 17% of its stock through open market purchases. Stock repurchase plans are often an indication that the company's board of directors believes its shares are undervalued.

Hilton Grand Vacations Company Profile

Hilton Grand Vacations Inc. is a vacation ownership company that develops, markets and operates resorts and sells vacation ownership interests. Its offerings include points-based vacation clubs that let members use their ownership interests to book stays at participating resorts and destinations. The company serves vacationers through resorts and club offerings in the United States and international destinations, including locations in the Caribbean, Europe and Asia-Pacific. Its portfolio includes properties associated with the Hilton Grand Vacations brand and other vacation ownership brands.

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