The Goldman Sachs Group Forecasts Strong Price Appreciation for Hilton Grand Vacations (NYSE:HGV) Stock

Hilton Grand Vacations (NYSE:HGV) had its price objective boosted by The Goldman Sachs Group from $37.00 to $42.00 in a research note published on Tuesday morning,Benzinga reports. They currently have a sell rating on the stock.

A number of other brokerages have also recently commented on HGV. Barclays upped their price target on Hilton Grand Vacations from $41.00 to $45.00 and gave the company an “equal weight” rating in a research report on Friday, February 28th. StockNews.com raised Hilton Grand Vacations from a “sell” rating to a “hold” rating in a research report on Saturday, March 1st. Truist Financial decreased their price objective on Hilton Grand Vacations from $52.00 to $51.00 and set a “buy” rating on the stock in a research note on Tuesday, November 26th. JMP Securities decreased their price objective on Hilton Grand Vacations from $55.00 to $50.00 and set a “market outperform” rating on the stock in a research note on Wednesday, December 18th. Finally, Morgan Stanley assumed coverage on Hilton Grand Vacations in a research note on Monday, January 6th. They set an “overweight” rating and a $47.00 price objective on the stock. One investment 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 stock has an average rating of “Hold” and a consensus target price of $45.75.

Hilton Grand Vacations Stock Down 3.2 %

HGV stock opened at $40.44 on Tuesday. The stock’s fifty day simple moving average is $40.72 and its two-hundred day simple moving average is $39.42. The company has a current ratio of 4.83, a quick ratio of 3.08 and a debt-to-equity ratio of 3.32. Hilton Grand Vacations has a 1-year low of $33.21 and a 1-year high of $47.81. The stock has a market cap of $3.98 billion, a P/E ratio of 45.96, a P/E/G ratio of 2.20 and a beta of 1.85.

Hilton Grand Vacations (NYSE:HGV) last issued its quarterly earnings results on Thursday, February 27th. The company reported $0.49 EPS for the quarter, missing analysts’ consensus estimates of $0.89 by ($0.40). Hilton Grand Vacations had a net margin of 2.01% and a return on equity of 16.44%. The firm had revenue of $1.28 billion for the quarter, compared to analysts’ expectations of $1.28 billion. Analysts expect that Hilton Grand Vacations will post 3.39 EPS for the current year.

Hedge Funds Weigh In On Hilton Grand Vacations

A number of institutional investors have recently added to or reduced their stakes in the business. CAS Investment Partners LLC increased its stake in Hilton Grand Vacations by 2.0% in the 4th quarter. CAS Investment Partners LLC now owns 6,492,344 shares of the company’s stock worth $252,877,000 after acquiring an additional 129,333 shares during the last quarter. Franklin Resources Inc. boosted its holdings in shares of Hilton Grand Vacations by 11.3% in the 4th quarter. Franklin Resources Inc. now owns 3,672,171 shares of the company’s stock worth $143,031,000 after purchasing an additional 373,442 shares in the last quarter. Parsifal Capital Management LP boosted its holdings in shares of Hilton Grand Vacations by 1.8% in the 4th quarter. Parsifal Capital Management LP now owns 3,475,861 shares of the company’s stock worth $135,385,000 after purchasing an additional 62,346 shares in the last quarter. FMR LLC boosted its holdings in shares of Hilton Grand Vacations by 39.0% in the 3rd quarter. FMR LLC now owns 3,271,387 shares of the company’s stock worth $118,817,000 after purchasing an additional 917,397 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of 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 purchasing an additional 512,362 shares in the last quarter. 97.23% of the stock is currently owned by institutional investors.

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.