Hilton Grand Vacations Inc. (NYSE:HGV) Receives $52.33 Consensus Target Price from Brokerages

Hilton Grand Vacations Inc. (NYSE:HGV) has earned an average recommendation of “Hold” from the eleven analysts that are presently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $52.3333.

A number of analysts recently weighed in on HGV shares. The Goldman Sachs Group restated a “sell” rating and set a $40.00 target price on shares of Hilton Grand Vacations in a report on Thursday, February 26th. Wall Street Zen upgraded shares of Hilton Grand Vacations from a “hold” rating to a “buy” rating in a report on Saturday, March 28th. Weiss Ratings upgraded shares of Hilton Grand Vacations from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday, February 17th. Zacks Research upgraded shares of Hilton Grand Vacations from a “strong sell” rating to a “hold” rating in a report on Wednesday, April 1st. Finally, Jefferies Financial Group raised their target price on shares of Hilton Grand Vacations from $46.00 to $50.00 and gave the stock a “hold” rating in a report on Monday, March 2nd.

Hedge Funds Weigh In On Hilton Grand Vacations

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Iridian Asset Management LLC CT boosted its stake in Hilton Grand Vacations by 38.0% in the 3rd quarter. Iridian Asset Management LLC CT now owns 274,055 shares of the company’s stock worth $11,458,000 after purchasing an additional 75,453 shares during the period. Quantbot Technologies LP acquired a new position in Hilton Grand Vacations in the 2nd quarter worth approximately $1,774,000. Tudor Investment Corp ET AL acquired a new position in Hilton Grand Vacations in the 3rd quarter worth approximately $6,956,000. Close Asset Management Ltd boosted its stake in Hilton Grand Vacations by 15.7% in the 3rd quarter. Close Asset Management Ltd now owns 1,239,840 shares of the company’s stock worth $51,832,000 after purchasing an additional 168,160 shares during the period. Finally, TFJ Management LLC boosted its stake in Hilton Grand Vacations by 17.1% in the 3rd quarter. TFJ Management LLC now owns 266,171 shares of the company’s stock worth $11,129,000 after purchasing an additional 38,780 shares during the period. Institutional investors and hedge funds own 97.23% of the company’s stock.

Hilton Grand Vacations Trading Up 3.1%

Shares of NYSE:HGV opened at $41.74 on Tuesday. The stock has a market capitalization of $3.39 billion, a price-to-earnings ratio of 45.86, a PEG ratio of 0.56 and a beta of 1.49. Hilton Grand Vacations has a 1-year low of $30.59 and a 1-year high of $52.08. The company has a debt-to-equity ratio of 5.04, a quick ratio of 3.17 and a current ratio of 5.20. The company has a 50 day moving average price of $43.95 and a 200 day moving average price of $43.57.

Hilton Grand Vacations (NYSE:HGV) last issued its earnings results on Thursday, February 26th. The company reported $0.88 earnings per share for the quarter, missing analysts’ consensus estimates of $1.05 by ($0.17). The business had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.38 billion. Hilton Grand Vacations had a return on equity of 11.90% and a net margin of 1.60%.The company’s quarterly revenue was up 3.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.49 earnings per share. On average, research analysts anticipate that Hilton Grand Vacations will post 3.39 EPS for the current fiscal year.

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.