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

Key Points

• Hilton Grand Vacations Inc. has received a consensus recommendation of “Moderate Buy” from analysts, with a price target averaging $53.29 among coverage firms.
• Insider sales were noted as Mark D. Wang sold 46,364 shares at an average price of $47.34, reducing his holdings by 5.47%.
• The company reported earnings of $0.54 per share, missing estimates, and had a revenue of $1.27 billion for the last quarter.

Shares of Hilton Grand Vacations Inc. (NYSE:HGV - Get Free Report) have earned an average recommendation of "Moderate Buy" 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, two have assigned a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year price target among brokers that have covered the stock in the last year is $53.2857.

A number of research analysts have issued reports on HGV shares. Weiss Ratings reissued a "hold (c-)" rating on shares of Hilton Grand Vacations in a research note on Saturday, September 27th. Barclays boosted their price objective 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 target price on shares of Hilton Grand Vacations and gave the stock a "buy" rating in a report on Monday, August 4th. The Goldman Sachs Group reiterated a "sell" rating and issued a $39.00 price target on shares of Hilton Grand Vacations in a report on Friday, August 1st. Finally, Truist Financial dropped their price objective on shares of Hilton Grand Vacations from $63.00 to $62.00 and set a "buy" rating on the stock in a report on Thursday, August 21st.

Insider Transactions at Hilton Grand Vacations

In other Hilton Grand Vacations news, insider Mark D. Wang sold 46,364 shares of the business's 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 sale, 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 2.30% of the company's stock.

Hedge Funds Weigh In On Hilton Grand Vacations

Several hedge funds have recently modified their holdings of HGV. EverSource Wealth Advisors LLC increased its holdings in Hilton Grand Vacations by 743.4% during the second quarter. EverSource Wealth Advisors LLC now owns 641 shares of the company's stock worth $27,000 after buying an additional 565 shares during the last quarter. Signaturefd LLC grew its position in shares of Hilton Grand Vacations by 136.9% in the 1st 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. Nomura Asset Management Co. Ltd. increased its stake in shares of Hilton Grand Vacations by 136.8% during the 2nd quarter. Nomura Asset Management Co. Ltd. now owns 900 shares of the company's stock worth $37,000 after purchasing an additional 520 shares during the last quarter. UMB Bank n.a. increased its stake in shares of 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 during the last quarter. Finally, State of Wyoming bought a new stake in shares of Hilton Grand Vacations in the 1st quarter valued at about $48,000. Institutional investors own 97.23% of the company's stock.

Hilton Grand Vacations Stock Up 0.4%

Shares of NYSE:HGV opened at $43.92 on Tuesday. The company has a 50 day moving average price of $45.24 and a two-hundred day moving average price of $41.67. The company has a debt-to-equity ratio of 4.31, a quick ratio of 2.77 and a current ratio of 4.43. The company has a market capitalization of $3.91 billion, a PE ratio of 79.86, a PEG ratio of 3.73 and a beta of 1.65. Hilton Grand Vacations has a 52 week low of $30.59 and a 52 week high of $52.08.

Hilton Grand Vacations (NYSE:HGV - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The company reported $0.54 earnings per share (EPS) for the quarter, missing the consensus estimate 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 firm had revenue of $1.27 billion during the quarter, compared to analyst estimates of $1.38 billion. During the same period last year, the firm earned $0.62 EPS. Hilton Grand Vacations's quarterly revenue was up 2.5% on a year-over-year basis. Analysts forecast that Hilton Grand Vacations will post 3.39 earnings per share for the current year.

Hilton Grand Vacations declared that its board has authorized a stock repurchase program on Wednesday, August 13th that permits the company to buyback $0.00 in shares. This buyback authorization permits the company to repurchase shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company's board of directors believes its shares are undervalued.

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.

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