Hilton Grand Vacations' (HGV) "Market Outperform" Rating Reiterated at JMP Securities

Hilton Grand Vacations (NYSE:HGV - Get Free Report)'s stock had its "market outperform" rating reissued by equities research analysts at JMP Securities in a research report issued on Monday,Benzinga reports. They currently have a $50.00 price objective on the stock. JMP Securities' target price suggests a potential upside of 31.34% from the stock's previous close.

A number of other analysts have also issued reports on the company. Morgan Stanley lowered their price target on Hilton Grand Vacations from $46.00 to $38.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 22nd. The Goldman Sachs Group lifted their target price on shares of Hilton Grand Vacations from $30.00 to $34.00 and gave the company a "sell" rating in a report on Friday, May 2nd. Barclays lowered their price objective on shares of Hilton Grand Vacations from $45.00 to $42.00 and set an "equal weight" rating for the company in a research note on Friday, May 2nd. Truist Financial boosted 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. Finally, Mizuho upped their price objective on Hilton Grand Vacations from $60.00 to $70.00 and gave the stock an "outperform" rating in a research report on Friday, May 2nd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $46.00.

Hilton Grand Vacations Stock Up 0.7 %

Shares of NYSE HGV traded up $0.26 during midday trading on Monday, reaching $38.07. 752,247 shares of the company's stock traded hands, compared to its average volume of 904,588. Hilton Grand Vacations has a one year low of $30.59 and a one year high of $45.00. The stock's 50 day simple moving average is $36.12 and its 200-day simple moving average is $38.98. The company has a market cap of $3.49 billion, a price-to-earnings ratio of 43.26, a P/E/G ratio of 2.20 and a beta of 1.60. The company has a quick ratio of 3.08, a current ratio of 4.83 and a debt-to-equity ratio of 3.32.

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

Hedge Funds Weigh In On Hilton Grand Vacations

Several large investors have recently made changes to their positions in HGV. Nantahala Capital Management LLC increased its stake in shares of Hilton Grand Vacations by 131.8% in the fourth quarter. Nantahala Capital Management LLC now owns 1,730,995 shares of the company's stock worth $67,422,000 after acquiring an additional 984,166 shares during the last quarter. Norges Bank bought a new stake in Hilton Grand Vacations during the 4th quarter valued at approximately $33,047,000. GRS Advisors LLC bought a new stake in Hilton Grand Vacations in the 4th quarter valued at $24,414,000. Dimensional Fund Advisors LP grew its position in Hilton Grand Vacations by 21.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,935,231 shares of the company's stock worth $114,329,000 after buying an additional 512,362 shares in the last quarter. Finally, Franklin Resources Inc. increased its position in shares of Hilton Grand Vacations by 17.8% during the third quarter. Franklin Resources Inc. now owns 3,298,729 shares of the company's stock valued at $117,402,000 after purchasing an additional 499,067 shares during the period. Institutional investors 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.