Brokerages Set Hilton Grand Vacations Inc. (NYSE:HGV) Price Target at $46.00

Hilton Grand Vacations Inc. (NYSE:HGV - Get Free Report) has received an average rating of "Hold" from the eight ratings firms that are presently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $46.00.

HGV has been the subject of several research analyst reports. Morgan Stanley lowered their price objective on Hilton Grand Vacations from $46.00 to $38.00 and set an "overweight" rating for the company in a research report on Tuesday, April 22nd. Truist Financial lifted their price objective on Hilton Grand Vacations from $51.00 to $63.00 and gave the stock a "buy" rating in a research report on Friday, March 7th. Barclays lowered their price objective on Hilton Grand Vacations from $45.00 to $42.00 and set an "equal weight" rating for the company in a research report on Friday, May 2nd. Wall Street Zen raised Hilton Grand Vacations from a "sell" rating to a "hold" rating in a research report on Saturday, March 1st. Finally, The Goldman Sachs Group lifted their price objective on Hilton Grand Vacations from $30.00 to $34.00 and gave the stock a "sell" rating in a research report on Friday, May 2nd.

Hilton Grand Vacations Trading Up 0.6%

NYSE:HGV traded up $0.22 during trading hours on Wednesday, hitting $38.96. 817,720 shares of the company were exchanged, compared to its average volume of 910,401. The stock has a market capitalization of $3.57 billion, a price-to-earnings ratio of 44.27, a price-to-earnings-growth ratio of 2.20 and a beta of 1.60. The company has a current ratio of 4.83, a quick ratio of 3.08 and a debt-to-equity ratio of 3.32. Hilton Grand Vacations has a one year low of $30.59 and a one year high of $44.99. The company has a fifty day simple moving average of $36.71 and a 200 day simple moving average of $39.00.

Hilton Grand Vacations (NYSE:HGV - Get Free Report) last announced its earnings results on Thursday, May 1st. The company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.49 by ($0.40). The company had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.25 billion. Hilton Grand Vacations had a return on equity of 16.44% and a net margin of 2.01%. The firm's revenue for the quarter was down .7% on a year-over-year basis. During the same period in the prior year, the business earned $0.95 earnings per share. Sell-side analysts expect that Hilton Grand Vacations will post 3.39 EPS for the current fiscal year.

Insider Activity at Hilton Grand Vacations

In related news, insider Charles R. Jr. Corbin sold 51,000 shares of the business's stock in a transaction dated 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 now directly owns 60,270 shares of the company's stock, valued at $2,337,270.60. The trade was a 45.83% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 2.30% of the stock is currently owned by corporate insiders.

Institutional Trading of Hilton Grand Vacations

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Signaturefd LLC increased its holdings in Hilton Grand Vacations by 136.9% during the 1st quarter. Signaturefd LLC now owns 860 shares of the company's stock worth $32,000 after purchasing an additional 497 shares in the last quarter. UMB Bank n.a. increased its holdings in Hilton Grand Vacations by 106.8% during the 1st quarter. UMB Bank n.a. now owns 1,065 shares of the company's stock worth $40,000 after purchasing an additional 550 shares in the last quarter. State of Wyoming bought a new stake in Hilton Grand Vacations during the 1st quarter worth approximately $48,000. Covestor Ltd increased its holdings in Hilton Grand Vacations by 432.4% during the 4th quarter. Covestor Ltd now owns 1,283 shares of the company's stock worth $50,000 after purchasing an additional 1,042 shares in the last quarter. Finally, Bayforest Capital Ltd bought a new stake in Hilton Grand Vacations during the 1st quarter worth approximately $73,000. 97.23% of the stock is owned by institutional investors.

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.