Hilton Grand Vacations Inc. (NYSE:HGV) Given Consensus Recommendation of "Moderate Buy" by Analysts

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 a consensus recommendation of "Moderate Buy" from the seven research firms that are covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $53.2857.

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

Insider Activity at Hilton Grand Vacations

In other news, insider Mark D. Wang sold 46,364 shares of Hilton Grand Vacations stock in a transaction that occurred on Wednesday, August 27th. The stock was sold at an average price of $47.34, for a total value of $2,194,871.76. Following the completion of the transaction, the insider owned 801,681 shares in the company, valued at approximately $37,951,578.54. The trade was a 5.47% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 2.30% of the company's stock.

Hedge Funds Weigh In On Hilton Grand Vacations

Institutional investors and hedge funds have recently modified their holdings of the stock. Assenagon Asset Management S.A. boosted its holdings in shares of Hilton Grand Vacations by 262.8% in the 1st quarter. Assenagon Asset Management S.A. now owns 50,342 shares of the company's stock worth $1,883,000 after purchasing an additional 36,465 shares during the period. Deutsche Bank AG boosted its holdings in Hilton Grand Vacations by 17.1% during the 4th quarter. Deutsche Bank AG now owns 139,410 shares of the company's stock valued at $5,430,000 after acquiring an additional 20,398 shares during the period. Point72 Asset Management L.P. purchased a new position in Hilton Grand Vacations during the 4th quarter valued at $311,000. GAMMA Investing LLC boosted its holdings in Hilton Grand Vacations by 9,418.9% during the 1st quarter. GAMMA Investing LLC now owns 17,134 shares of the company's stock valued at $6,410,000 after acquiring an additional 16,954 shares during the period. Finally, Nuveen LLC purchased a new position in Hilton Grand Vacations during the 1st quarter valued at $10,467,000. Hedge funds and other institutional investors own 97.23% of the company's stock.

Hilton Grand Vacations Stock Performance

NYSE HGV opened at $46.28 on Friday. The stock has a market capitalization of $4.12 billion, a PE ratio of 84.15, a P/E/G ratio of 3.85 and a beta of 1.67. The business has a 50 day simple moving average of $46.66 and a two-hundred day simple moving average of $41.03. The company has a debt-to-equity ratio of 4.31, a current ratio of 4.43 and a quick ratio of 2.77. Hilton Grand Vacations has a 1-year low of $30.59 and a 1-year high of $52.08.

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 the consensus estimate of $0.78 by ($0.24). The firm had revenue of $1.27 billion for the quarter, compared to analysts' expectations of $1.38 billion. Hilton Grand Vacations had a net margin of 1.14% and a return on equity of 9.71%. The business's quarterly revenue was up 2.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.62 EPS. On average, research analysts predict that Hilton Grand Vacations will post 3.39 EPS for the current fiscal year.

Hilton Grand Vacations declared that its Board of Directors has approved a share buyback program on Wednesday, August 13th that authorizes the company to repurchase $0.00 in shares. This repurchase authorization authorizes the company to reacquire shares of its stock through open market purchases. Stock repurchase programs are generally an indication that the company's board believes its shares are undervalued.

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.

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