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

Hilton Grand Vacations (NYSE:HGV - Get Free Report)'s stock had its "market outperform" rating reaffirmed by stock analysts at JMP Securities in a research report issued to clients and investors on Monday,Benzinga reports. They currently have a $50.00 price objective on the stock. JMP Securities' target price indicates a potential upside of 28.40% from the stock's previous close.

A number of other research firms also recently weighed in on HGV. StockNews.com raised shares of Hilton Grand Vacations from a "sell" rating to a "hold" rating in a research report on Saturday, March 1st. Truist Financial boosted their price target 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. Barclays reduced their price objective on Hilton Grand Vacations from $45.00 to $42.00 and set an "equal weight" rating for the company in a research report on Friday, May 2nd. Mizuho increased their target price on Hilton Grand Vacations from $60.00 to $70.00 and gave the stock an "outperform" rating in a research note on Friday, May 2nd. Finally, Morgan Stanley lowered their price target on Hilton Grand Vacations from $46.00 to $38.00 and set an "overweight" rating for the company in a research report on Tuesday, April 22nd. One analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $46.00.

Hilton Grand Vacations Trading Down 0.6 %

HGV traded down $0.22 during midday trading on Monday, reaching $38.94. 636,346 shares of the company's stock traded hands, compared to its average volume of 903,865. The company has a debt-to-equity ratio of 3.32, a current ratio of 4.83 and a quick ratio of 3.08. Hilton Grand Vacations has a 52 week low of $30.59 and a 52 week high of $44.99. The stock has a market capitalization of $3.57 billion, a price-to-earnings ratio of 44.25, a P/E/G ratio of 2.20 and a beta of 1.60. The firm has a fifty day moving average of $36.01 and a two-hundred day moving average of $39.01.

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 the consensus estimate of $0.49 by ($0.40). Hilton Grand Vacations had a return on equity of 16.44% and a net margin of 2.01%. The company had revenue of $1.15 billion during the quarter, compared to analysts' expectations of $1.25 billion. During the same quarter last year, the business earned $0.95 earnings per share. The business's quarterly revenue was down .7% on a year-over-year basis. On average, equities analysts anticipate that Hilton Grand Vacations will post 3.39 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Hilton Grand Vacations

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Charles Schwab Investment Management Inc. lifted its position in Hilton Grand Vacations by 2.8% during the first quarter. Charles Schwab Investment Management Inc. now owns 917,221 shares of the company's stock valued at $34,313,000 after purchasing an additional 25,164 shares during the period. Jefferies Financial Group Inc. bought a new position in shares of Hilton Grand Vacations during the 1st quarter valued at $223,000. Bayforest Capital Ltd purchased a new position in shares of Hilton Grand Vacations in the 1st quarter worth $73,000. XTX Topco Ltd bought a new stake in shares of Hilton Grand Vacations in the first quarter worth $1,757,000. Finally, Mackenzie Financial Corp purchased a new stake in Hilton Grand Vacations during the first quarter valued at $480,000. 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.