Hilton Grand Vacations (NYSE:HGV) Price Target Raised to $73.00

Hilton Grand Vacations (NYSE:HGV - Get Free Report) had its target price lifted by research analysts at Mizuho from $70.00 to $73.00 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage presently has an "outperform" rating on the stock. Mizuho's target price points to a potential upside of 51.77% from the company's current price.

Other analysts have also issued reports about the company. JMP Securities reissued a "market outperform" rating and issued a $50.00 price target on shares of Hilton Grand Vacations in a research note on Monday, May 5th. Barclays reduced their price objective on Hilton Grand Vacations from $45.00 to $42.00 and set an "equal weight" rating on the stock in a research note on Friday, May 2nd. The Goldman Sachs Group boosted their price objective on Hilton Grand Vacations from $30.00 to $34.00 and gave the stock a "sell" rating in a research note on Friday, May 2nd. Finally, Morgan Stanley dropped their target price on Hilton Grand Vacations from $46.00 to $38.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 22nd. One analyst has rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, Hilton Grand Vacations presently has an average rating of "Hold" and an average target price of $46.38.

Hilton Grand Vacations Price Performance

Shares of NYSE HGV traded up $1.35 during midday trading on Monday, hitting $48.10. The company had a trading volume of 306,322 shares, compared to its average volume of 949,862. The company has a quick ratio of 2.49, a current ratio of 3.95 and a debt-to-equity ratio of 4.01. Hilton Grand Vacations has a twelve month low of $30.59 and a twelve month high of $49.25. The business has a 50-day simple moving average of $41.65 and a two-hundred day simple moving average of $39.45. The firm has a market capitalization of $4.41 billion, a price-to-earnings ratio of 150.25, a price-to-earnings-growth ratio of 5.36 and a beta of 1.63.

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 analysts' consensus estimates of $0.49 by ($0.40). Hilton Grand Vacations had a net margin of 0.68% and a return on equity of 9.93%. The business had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.25 billion. During the same period in the previous year, the company posted $0.95 earnings per share. Hilton Grand Vacations's revenue was down .7% on a year-over-year basis. Equities research analysts anticipate that Hilton Grand Vacations will post 3.39 earnings per share for the current year.

Insider Buying and Selling at Hilton Grand Vacations

In related news, insider Charles R. Jr. Corbin sold 51,000 shares of the stock in a transaction dated Friday, May 9th. The shares were sold at an average price of $38.78, for a total value of $1,977,780.00. Following the sale, the insider owned 60,270 shares of the company's stock, valued at $2,337,270.60. This trade represents a 45.83% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.70% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Assenagon Asset Management S.A. boosted its holdings in shares of Hilton Grand Vacations by 262.8% in the first quarter. Assenagon Asset Management S.A. now owns 50,342 shares of the company's stock worth $1,883,000 after buying an additional 36,465 shares during the period. Deutsche Bank AG increased its holdings in shares of Hilton Grand Vacations by 17.1% in the 4th quarter. Deutsche Bank AG now owns 139,410 shares of the company's stock valued at $5,430,000 after purchasing an additional 20,398 shares during the period. Bank of Montreal Can increased its holdings in shares of Hilton Grand Vacations by 5.1% in the 4th quarter. Bank of Montreal Can now owns 7,447 shares of the company's stock valued at $290,000 after purchasing an additional 361 shares during the period. Point72 Asset Management L.P. acquired a new position in shares of Hilton Grand Vacations in the 4th quarter valued at about $311,000. Finally, GAMMA Investing LLC increased its holdings in shares of Hilton Grand Vacations by 9,418.9% in the 1st quarter. GAMMA Investing LLC now owns 17,134 shares of the company's stock valued at $6,410,000 after purchasing an additional 16,954 shares during the period. 97.23% of the stock is 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.

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