Hilton Grand Vacations Inc. (NYSE:HGV) Receives Consensus Rating of “Buy” from Analysts

Shares of Hilton Grand Vacations Inc. (NYSE:HGV) have been given an average recommendation of “Buy” by the seven analysts that are currently covering the stock, MarketBeat.com reports. Seven analysts have rated the stock with a buy recommendation. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $58.57.

Several equities analysts have recently commented on the company. Truist Financial raised their price target on Hilton Grand Vacations from $66.00 to $70.00 and gave the company a “buy” rating in a research note on Friday, March 15th. Mizuho initiated coverage on Hilton Grand Vacations in a research note on Tuesday, March 26th. They issued a “buy” rating and a $63.00 target price on the stock. JMP Securities reiterated a “market outperform” rating and issued a $55.00 target price on shares of Hilton Grand Vacations in a research note on Friday, March 1st. JPMorgan Chase & Co. initiated coverage on Hilton Grand Vacations in a research note on Monday, April 15th. They issued an “overweight” rating and a $59.00 target price on the stock. Finally, Barclays lifted their target price on Hilton Grand Vacations from $47.00 to $54.00 and gave the company an “overweight” rating in a research note on Friday, March 1st.

Hilton Grand Vacations Stock Up 0.1 %

NYSE:HGV opened at $43.16 on Tuesday. Hilton Grand Vacations has a twelve month low of $33.13 and a twelve month high of $49.02. The company has a market cap of $4.52 billion, a price-to-earnings ratio of 15.41, a price-to-earnings-growth ratio of 0.84 and a beta of 1.94. The stock has a fifty day simple moving average of $45.10 and a 200-day simple moving average of $41.45. The company has a current ratio of 4.34, a quick ratio of 3.10 and a debt-to-equity ratio of 2.13.

Hilton Grand Vacations (NYSE:HGV) last released its earnings results on Thursday, February 29th. The company reported $1.01 earnings per share for the quarter, topping the consensus estimate of $0.97 by $0.04. Hilton Grand Vacations had a return on equity of 19.06% and a net margin of 7.87%. The business had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $1.02 billion. During the same period last year, the company earned $1.01 earnings per share. The business’s revenue for the quarter was up 2.7% compared to the same quarter last year. Analysts anticipate that Hilton Grand Vacations will post 4.35 EPS for the current year.

Insider Activity

In other news, insider Charles R. Jr. Corbin sold 38,557 shares of the business’s stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $46.18, for a total value of $1,780,562.26. Following the completion of the sale, the insider now directly owns 166,997 shares in the company, valued at $7,711,921.46. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, insider Jorge Pablo Brizi sold 28,000 shares of the business’s stock in a transaction that occurred on Thursday, March 28th. The stock was sold at an average price of $47.00, for a total transaction of $1,316,000.00. Following the completion of the sale, the insider now directly owns 51,855 shares in the company, valued at $2,437,185. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Charles R. Jr. Corbin sold 38,557 shares of the business’s stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $46.18, for a total value of $1,780,562.26. Following the sale, the insider now owns 166,997 shares of the company’s stock, valued at $7,711,921.46. The disclosure for this sale can be found here. Insiders sold 89,557 shares of company stock worth $4,142,832 over the last three months. 2.30% of the stock is currently owned by corporate insiders.

Institutional Trading of Hilton Grand Vacations

Several large investors have recently made changes to their positions in the company. Parsifal Capital Management LP grew its holdings in Hilton Grand Vacations by 6.0% in the 4th quarter. Parsifal Capital Management LP now owns 3,984,755 shares of the company’s stock valued at $160,107,000 after buying an additional 225,893 shares in the last quarter. Franklin Resources Inc. grew its holdings in Hilton Grand Vacations by 6.9% in the 4th quarter. Franklin Resources Inc. now owns 3,037,372 shares of the company’s stock valued at $122,042,000 after buying an additional 195,485 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in Hilton Grand Vacations by 17.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,763,168 shares of the company’s stock valued at $70,847,000 after buying an additional 267,567 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Hilton Grand Vacations by 0.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 864,174 shares of the company’s stock valued at $35,172,000 after buying an additional 7,295 shares in the last quarter. Finally, Norges Bank purchased a new stake in Hilton Grand Vacations in the 4th quarter valued at $23,383,000. 97.23% of the stock is currently owned by hedge funds and other institutional investors.

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.