Hilton Grand Vacations Inc. (NYSE:HGV) Receives $46.38 Average Price Target from Brokerages

Shares of Hilton Grand Vacations Inc. (NYSE:HGV - Get Free Report) have received an average recommendation of "Hold" from the eight ratings firms that are currently covering the stock, Marketbeat.com reports. One investment 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 brokers that have updated their coverage on the stock in the last year is $46.38.

Several research firms recently commented on HGV. Mizuho raised their price target on shares of Hilton Grand Vacations from $70.00 to $73.00 and gave the company an "outperform" rating in a report on Monday. Morgan Stanley cut their price target 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. Barclays dropped their price objective on shares of Hilton Grand Vacations from $45.00 to $42.00 and set an "equal weight" rating on the stock in a research note on Friday, May 2nd. JMP Securities reiterated a "market outperform" rating and set a $50.00 price objective on shares of Hilton Grand Vacations in a research note on Monday, May 5th. Finally, The Goldman Sachs Group lifted their price objective on shares of Hilton Grand Vacations from $30.00 to $34.00 and gave the company a "sell" rating in a research note on Friday, May 2nd.

Hilton Grand Vacations Price Performance

NYSE HGV traded down $0.95 during trading hours on Thursday, reaching $50.21. The company's stock had a trading volume of 1,005,916 shares, compared to its average volume of 1,128,993. The stock has a market cap of $4.60 billion, a PE ratio of 156.89, a PEG ratio of 5.86 and a beta of 1.63. Hilton Grand Vacations has a fifty-two week low of $30.59 and a fifty-two week high of $51.70. The company's 50-day moving average is $42.09 and its two-hundred day moving average is $39.66. The company has a debt-to-equity ratio of 4.01, a quick ratio of 2.49 and a current ratio of 3.95.

Hilton Grand Vacations (NYSE:HGV - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The company reported $0.09 EPS for the quarter, missing analysts' consensus estimates of $0.49 by ($0.40). Hilton Grand Vacations had a net margin of 0.68% and a return on equity of 9.93%. The business had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.25 billion. During the same period in the previous year, the company posted $0.95 earnings per share. Hilton Grand Vacations's revenue was down .7% on a year-over-year basis. Analysts forecast that Hilton Grand Vacations will post 3.39 EPS for the current year.

Insider Buying and Selling

In other news, insider Charles R. Jr. Corbin sold 51,000 shares of the business's stock in a transaction on Friday, May 9th. The shares were sold at an average price of $38.78, for a total transaction of $1,977,780.00. Following the completion of the transaction, the insider owned 60,270 shares of the company's stock, valued at approximately $2,337,270.60. The trade was a 45.83% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 2.30% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Hilton Grand Vacations

Hedge funds and other institutional investors have recently modified their holdings of the company. Signaturefd LLC boosted its holdings in shares of Hilton Grand Vacations by 136.9% during the first quarter. Signaturefd LLC now owns 860 shares of the company's stock valued at $32,000 after acquiring an additional 497 shares during the period. UMB Bank n.a. boosted its holdings in shares of Hilton Grand Vacations by 106.8% during the first quarter. UMB Bank n.a. now owns 1,065 shares of the company's stock valued at $40,000 after acquiring an additional 550 shares during the period. State of Wyoming acquired a new position in shares of Hilton Grand Vacations during the first quarter valued at $48,000. Covestor Ltd boosted its holdings in shares of Hilton Grand Vacations by 432.4% during the fourth quarter. Covestor Ltd now owns 1,283 shares of the company's stock valued at $50,000 after acquiring an additional 1,042 shares during the period. Finally, FNY Investment Advisers LLC acquired a new position in shares of Hilton Grand Vacations during the first quarter valued at $73,000. Institutional investors and hedge funds own 97.23% of the company's stock.

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.