Hilton Grand Vacations (NYSE:HGV) Given New $48.00 Price Target at Barclays

Hilton Grand Vacations (NYSE:HGV) had its price objective reduced by equities researchers at Barclays from $49.00 to $48.00 in a research report issued on Monday,Benzinga reports. The brokerage presently has an “equal weight” rating on the stock. Barclays‘s target price would indicate a potential upside of 9.97% from the company’s current price.

Other equities research analysts also recently issued reports about the company. Morgan Stanley reiterated an “equal weight” rating and issued a $49.00 target price on shares of Hilton Grand Vacations in a report on Friday, January 16th. Weiss Ratings upgraded Hilton Grand Vacations from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday, February 17th. Truist Financial cut their price objective on Hilton Grand Vacations from $62.00 to $59.00 and set a “buy” rating on the stock in a research report on Friday, November 14th. The Goldman Sachs Group reaffirmed a “sell” rating and set a $40.00 target price on shares of Hilton Grand Vacations in a research report on Thursday. Finally, Mizuho lowered their price target on shares of Hilton Grand Vacations from $73.00 to $69.00 and set an “outperform” rating on the stock in a report on Friday. Four research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Hilton Grand Vacations presently has an average rating of “Hold” and an average price target of $52.00.

Hilton Grand Vacations Stock Performance

Shares of NYSE:HGV traded down $1.31 on Monday, hitting $43.65. The company had a trading volume of 152,352 shares, compared to its average volume of 792,817. The stock has a market cap of $3.73 billion, a price-to-earnings ratio of 47.95, a P/E/G ratio of 0.97 and a beta of 1.48. The stock has a 50 day moving average price of $46.27 and a 200 day moving average price of $44.38. Hilton Grand Vacations has a 1-year low of $30.59 and a 1-year high of $52.08. The company has a current ratio of 5.20, a quick ratio of 3.17 and a debt-to-equity ratio of 5.04.

Hilton Grand Vacations (NYSE:HGV) last issued its quarterly earnings data on Thursday, February 26th. The company reported $0.88 EPS for the quarter, missing analysts’ consensus estimates of $1.05 by ($0.17). Hilton Grand Vacations had a net margin of 1.60% and a return on equity of 11.90%. The firm had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.38 billion. During the same period in the prior year, the company earned $0.49 earnings per share. The business’s quarterly revenue was up 3.8% compared to the same quarter last year. Analysts expect that Hilton Grand Vacations will post 3.39 EPS for the current year.

Institutional Investors Weigh In On Hilton Grand Vacations

Hedge funds have recently bought and sold shares of the business. Securian Asset Management Inc. grew its holdings in shares of Hilton Grand Vacations by 5.0% during the third quarter. Securian Asset Management Inc. now owns 4,619 shares of the company’s stock valued at $193,000 after buying an additional 222 shares during the last quarter. Fifth Third Bancorp increased its position in Hilton Grand Vacations by 5.7% during the fourth quarter. Fifth Third Bancorp now owns 4,449 shares of the company’s stock valued at $199,000 after acquiring an additional 238 shares during the last quarter. Quadrant Capital Group LLC lifted its holdings in Hilton Grand Vacations by 13.2% in the fourth quarter. Quadrant Capital Group LLC now owns 2,501 shares of the company’s stock valued at $112,000 after acquiring an additional 291 shares during the period. Waterway Wealth Management LLC boosted its position in Hilton Grand Vacations by 4.3% in the third quarter. Waterway Wealth Management LLC now owns 7,950 shares of the company’s stock worth $332,000 after purchasing an additional 325 shares during the last quarter. Finally, GAMMA Investing LLC grew its stake in shares of Hilton Grand Vacations by 60.6% during the 4th quarter. GAMMA Investing LLC now owns 925 shares of the company’s stock valued at $41,000 after purchasing an additional 349 shares during the period. Institutional investors own 97.23% of the company’s stock.

Hilton Grand Vacations Company Profile

Hilton Grand Vacations Inc is a leading developer and marketer of premium vacation ownership resorts. The company specializes in selling timeshare interests in vacation properties under the Hilton Grand Vacations brand, enabling members to purchase deeded real estate interests and utilize a points-based system for booking stays. Alongside new sales, the company provides ongoing management services for its portfolio of resorts, ensuring high standards of guest services, resort maintenance, and member engagement through its proprietary technology platform.

In addition to vacation ownership sales, Hilton Grand Vacations offers a comprehensive suite of membership benefits.