Analysts Set Hilton Grand Vacations Inc. (NYSE:HGV) Target Price at $53.29

Key Points

• Hilton Grand Vacations Inc. has been given a consensus recommendation of "Moderate Buy" by analysts, with the average price target set at $53.29.
• Insider Mark D. Wang sold 46,364 shares of the stock for approximately $2.19 million, indicating a 5.47% decrease in his position in the company.
• Institutional investors hold a significant majority of the company’s stock, owning 97.23%, with several hedge funds recently increasing their holdings.

Hilton Grand Vacations Inc. (NYSE:HGV - Get Free Report) has earned an average rating of "Moderate Buy" from the seven brokerages that are presently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, one has given a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $53.2857.

A number of equities analysts recently weighed in on HGV shares. Mizuho increased their price target on Hilton Grand Vacations from $73.00 to $76.00 and gave the company an "outperform" rating in a research report on Friday, August 1st. Barclays increased their price target on Hilton Grand Vacations from $42.00 to $49.00 and gave the company an "equal weight" rating in a research report on Friday, August 1st. Deutsche Bank Aktiengesellschaft set a $59.00 price objective on Hilton Grand Vacations and gave the stock a "buy" rating in a research report on Monday, August 4th. Truist Financial decreased their price objective on Hilton Grand Vacations from $63.00 to $62.00 and set a "buy" rating for the company in a research report on Thursday, August 21st. Finally, The Goldman Sachs Group restated a "sell" rating and set a $39.00 price objective on shares of Hilton Grand Vacations in a research report on Friday, August 1st.

Hilton Grand Vacations Trading Down 1.5%

Shares of NYSE:HGV traded down $0.67 during midday trading on Friday, reaching $44.78. The company had a trading volume of 854,109 shares, compared to its average volume of 888,709. The company has a debt-to-equity ratio of 4.31, a quick ratio of 2.77 and a current ratio of 4.43. Hilton Grand Vacations has a 1-year low of $30.59 and a 1-year high of $52.08. The firm has a market cap of $3.99 billion, a price-to-earnings ratio of 81.42, a price-to-earnings-growth ratio of 3.87 and a beta of 1.67. The company has a fifty day simple moving average of $46.64 and a two-hundred day simple moving average of $41.14.

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

Hilton Grand Vacations announced that its Board of Directors has approved a share buyback program on Wednesday, August 13th that allows the company to buyback $0.00 in shares. This buyback authorization allows the company to purchase shares of its stock through open market purchases. Stock buyback programs are often a sign that the company's management believes its stock is undervalued.

Insider Buying and Selling

In other Hilton Grand Vacations news, insider Mark D. Wang sold 46,364 shares of the firm's stock in a transaction dated Wednesday, August 27th. The stock was sold at an average price of $47.34, for a total transaction of $2,194,871.76. Following the completion of the sale, the insider directly owned 801,681 shares in the company, valued at approximately $37,951,578.54. This trade represents a 5.47% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 2.30% of the company's stock.

Institutional Investors Weigh In On Hilton Grand Vacations

A number of institutional investors have recently bought and sold shares of the business. Tower Research Capital LLC TRC boosted its position in Hilton Grand Vacations by 272.8% during the 2nd quarter. Tower Research Capital LLC TRC now owns 17,777 shares of the company's stock worth $738,000 after acquiring an additional 13,008 shares during the period. Man Group plc lifted its holdings in shares of Hilton Grand Vacations by 42.9% during the 2nd quarter. Man Group plc now owns 219,331 shares of the company's stock valued at $9,109,000 after buying an additional 65,828 shares during the last quarter. HRT Financial LP lifted its holdings in shares of Hilton Grand Vacations by 1,353.1% during the 2nd quarter. HRT Financial LP now owns 176,115 shares of the company's stock valued at $7,314,000 after buying an additional 163,995 shares during the last quarter. BNP Paribas Financial Markets lifted its holdings in shares of Hilton Grand Vacations by 564.4% during the 2nd quarter. BNP Paribas Financial Markets now owns 64,742 shares of the company's stock valued at $2,689,000 after buying an additional 54,997 shares during the last quarter. Finally, Brevan Howard Capital Management LP acquired a new stake in shares of Hilton Grand Vacations during the 2nd quarter valued at about $2,053,000. 97.23% of the stock is currently owned by institutional investors and hedge funds.

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.