Analysts Set Hilton Grand Vacations Inc. (NYSE:HGV) Target Price at $52.75

Hilton Grand Vacations Inc. (NYSE:HGV) has been given an average recommendation of “Hold” by the ten analysts that are covering the company, Marketbeat.com reports. Three investment analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and five have issued a buy recommendation on the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $52.75.

A number of analysts have weighed in on HGV shares. Morgan Stanley reaffirmed an “overweight” rating and issued a $48.00 price target on shares of Hilton Grand Vacations in a research report on Wednesday, October 22nd. Truist Financial reduced their target price on Hilton Grand Vacations from $62.00 to $59.00 and set a “buy” rating for the company in a report on Friday, November 14th. Wells Fargo & Company initiated coverage on Hilton Grand Vacations in a report on Tuesday, November 18th. They set an “equal weight” rating and a $42.00 price target on the stock. Zacks Research lowered shares of Hilton Grand Vacations from a “hold” rating to a “strong sell” rating in a research report on Thursday, October 23rd. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Hilton Grand Vacations in a research note on Monday.

Hilton Grand Vacations Stock Performance

HGV stock opened at $41.84 on Wednesday. The firm has a 50 day moving average of $41.91 and a two-hundred day moving average of $43.26. Hilton Grand Vacations has a 12 month low of $30.59 and a 12 month high of $52.08. The company has a market capitalization of $3.58 billion, a price-to-earnings ratio of 76.07, a P/E/G ratio of 4.71 and a beta of 1.51. The company has a quick ratio of 3.12, a current ratio of 5.02 and a debt-to-equity ratio of 4.67.

Hilton Grand Vacations (NYSE:HGV) last released its quarterly earnings data on Thursday, October 30th. The company reported $0.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.01 by ($0.41). The business had revenue of $1.30 billion during the quarter, compared to analyst estimates of $1.37 billion. Hilton Grand Vacations had a net margin of 1.06% and a return on equity of 9.52%. The firm’s revenue for the quarter was down .5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.67 EPS. As a group, equities analysts anticipate that Hilton Grand Vacations will post 3.39 EPS for the current fiscal year.

Hilton Grand Vacations announced that its Board of Directors has initiated a stock buyback plan on Wednesday, August 13th that allows the company to repurchase $0.00 in outstanding shares. This repurchase authorization allows the company to purchase shares of its stock through open market purchases. Shares repurchase plans are typically an indication that the company’s board believes its stock is undervalued.

Insider Buying and Selling at Hilton Grand Vacations

In related news, insider Charles R. Jr. Corbin sold 30,426 shares of the stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $41.81, for a total transaction of $1,272,111.06. Following the completion of the sale, the insider owned 60,270 shares in the company, valued at $2,519,888.70. This represents a 33.55% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 2.70% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. EverSource Wealth Advisors LLC grew its stake in shares of Hilton Grand Vacations by 743.4% in the second quarter. EverSource Wealth Advisors LLC now owns 641 shares of the company’s stock worth $27,000 after acquiring an additional 565 shares during the last quarter. Nomura Asset Management Co. Ltd. raised its stake in Hilton Grand Vacations by 136.8% during the 2nd quarter. Nomura Asset Management Co. Ltd. now owns 900 shares of the company’s stock valued at $37,000 after purchasing an additional 520 shares during the last quarter. Quarry LP bought a new stake in Hilton Grand Vacations in the 3rd quarter valued at $44,000. State of Wyoming bought a new stake in Hilton Grand Vacations in the 1st quarter valued at $48,000. Finally, CWM LLC grew its position in Hilton Grand Vacations by 69.8% in 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 last quarter. 97.23% of the stock is currently owned by institutional investors and hedge funds.

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.