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 boosted by stock analysts at Mizuho from $73.00 to $76.00 in a report released on Friday,Benzinga reports. The brokerage presently has an "outperform" rating on the stock. Mizuho's target price indicates a potential upside of 70.29% from the stock's previous close.

Several other equities analysts have also commented on HGV. Barclays upped their price target on Hilton Grand Vacations from $42.00 to $49.00 and gave the company an "equal weight" rating in a research note on Friday. JMP Securities reaffirmed 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. The Goldman Sachs Group reaffirmed a "sell" rating and issued a $39.00 price target on shares of Hilton Grand Vacations in a research note on Friday. Finally, Morgan Stanley decreased 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. One research analyst has rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, Hilton Grand Vacations presently has a consensus rating of "Hold" and an average price target of $48.25.

Hilton Grand Vacations Trading Down 0.4%

NYSE:HGV traded down $0.19 during trading hours on Friday, hitting $44.63. The company had a trading volume of 446,441 shares, compared to its average volume of 1,019,331. The company has a current ratio of 3.95, a quick ratio of 2.49 and a debt-to-equity ratio of 4.01. The company has a 50-day moving average of $43.23 and a 200 day moving average of $40.15. The company has a market cap of $4.09 billion, a P/E ratio of 139.11, a P/E/G ratio of 5.82 and a beta of 1.63. Hilton Grand Vacations has a 1 year low of $30.59 and a 1 year high of $52.08.

Hilton Grand Vacations (NYSE:HGV - Get Free Report) last issued its 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). The company had revenue of $1.27 billion during the quarter, compared to analysts' expectations of $1.38 billion. Hilton Grand Vacations had a net margin of 0.68% and a return on equity of 9.93%. The firm's quarterly revenue was up 2.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.62 earnings per share. Sell-side analysts expect that Hilton Grand Vacations will post 3.39 earnings per share for the current year.

Insider Transactions 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 stock was sold at an average price of $38.78, for a total transaction of $1,977,780.00. Following the transaction, the insider owned 60,270 shares of the company's stock, valued at approximately $2,337,270.60. This 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 this hyperlink. Insiders own 2.30% of the company's stock.

Hedge Funds Weigh In On Hilton Grand Vacations

Hedge funds have recently bought and sold shares of the company. Signaturefd LLC lifted its stake in Hilton Grand Vacations by 136.9% during the 1st quarter. Signaturefd LLC now owns 860 shares of the company's stock worth $32,000 after acquiring an additional 497 shares in the last quarter. UMB Bank n.a. lifted its stake in 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 acquiring an additional 550 shares in the last quarter. State of Wyoming acquired a new position in Hilton Grand Vacations during the 1st quarter worth about $48,000. Covestor Ltd increased its holdings in Hilton Grand Vacations by 432.4% during the 4th quarter. Covestor Ltd now owns 1,283 shares of the company's stock worth $50,000 after purchasing an additional 1,042 shares during the period. Finally, CWM LLC increased its holdings in Hilton Grand Vacations by 69.8% during the 2nd quarter. CWM LLC now owns 1,277 shares of the company's stock worth $53,000 after purchasing an additional 525 shares during the period. Institutional investors and hedge funds own 97.23% of the company's stock.

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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