Mizuho Forecasts Strong Price Appreciation for Hilton Grand Vacations (NYSE:HGV) Stock

Key Points

• Mizuho raised its price target for Hilton Grand Vacations from $73.00 to $76.00, indicating a potential upside of 70.29% from the stock's previous close.
• Despite the positive outlook from Mizuho, Hilton Grand Vacations' stock received mixed reviews from other analysts, with price targets ranging from $39.00 to $49.00 and a consensus rating of "Hold."
• The company reported earnings of $0.54 per share for the last quarter, missing expectations by ($0.24), while its revenue was $1.27 billion, below analysts’ expectations of $1.38 billion.

Hilton Grand Vacations (NYSE:HGV - Get Free Report) had its price target raised by stock analysts at Mizuho from $73.00 to $76.00 in a note issued to investors on Friday,Benzinga reports. The firm currently has an "outperform" rating on the stock. Mizuho's target price suggests a potential upside of 73.38% from the company's current price.

A number of other equities research analysts have also weighed in on HGV. Barclays upped their target price on shares of Hilton Grand Vacations from $42.00 to $49.00 and gave the stock an "equal weight" rating in a report on Friday. JMP Securities reiterated a "market outperform" rating and issued a $50.00 target price on shares of Hilton Grand Vacations in a research report on Monday, May 5th. Morgan Stanley decreased their price target on shares of Hilton Grand Vacations from $46.00 to $38.00 and set an "overweight" rating for the company in a research note on Tuesday, April 22nd. Finally, The Goldman Sachs Group restated a "sell" rating and issued a $39.00 target price on shares of Hilton Grand Vacations in a report on Friday. One analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $48.25.

Hilton Grand Vacations Trading Down 1.0%

Shares of HGV traded down $0.43 during trading hours on Friday, reaching $43.84. The stock had a trading volume of 168,292 shares, compared to its average volume of 1,021,518. The firm has a 50-day moving average of $43.36 and a 200 day moving average of $40.20. The company has a market cap of $3.91 billion, a P/E ratio of 79.71, a P/E/G ratio of 5.10 and a beta of 1.65. The company has a quick ratio of 2.77, a current ratio of 4.43 and a debt-to-equity ratio of 4.31. 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 issued its quarterly earnings data 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 return on equity of 9.71% and a net margin of 1.14%. The company had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.38 billion. During the same quarter last year, the business earned $0.62 earnings per share. The company's revenue was up 2.5% on a year-over-year basis. On average, sell-side analysts expect that Hilton Grand Vacations will post 3.39 earnings per share for the current fiscal year.

Insider Buying and Selling at Hilton Grand Vacations

In related news, insider Charles R. Jr. Corbin sold 51,000 shares of Hilton Grand Vacations stock in a transaction that occurred on 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 completion of the transaction, the insider owned 60,270 shares in the company, valued at approximately $2,337,270.60. The trade was a 45.83% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 2.70% of the stock is currently owned by corporate insiders.

Institutional Trading of Hilton Grand Vacations

Several institutional investors and hedge funds have recently bought and sold shares of HGV. Nantahala Capital Management LLC increased its position in Hilton Grand Vacations by 131.8% during the 4th quarter. Nantahala Capital Management LLC now owns 1,730,995 shares of the company's stock worth $67,422,000 after purchasing an additional 984,166 shares in the last quarter. Norges Bank acquired a new stake in shares of Hilton Grand Vacations during the 4th quarter valued at about $33,047,000. GRS Advisors LLC bought a new position in shares of Hilton Grand Vacations in the 4th quarter valued at approximately $24,414,000. Dimensional Fund Advisors LP increased its position in Hilton Grand Vacations by 21.1% in the 4th 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 during the period. Finally, Long Pond Capital LP increased its position in shares of Hilton Grand Vacations by 32.1% during the first quarter. Long Pond Capital LP now owns 1,829,495 shares of the company's stock valued at $68,441,000 after purchasing an additional 444,240 shares during the period. Hedge funds and other 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.