Hilton Grand Vacations Inc. (NYSE:HGV) Receives $54.89 Consensus Target Price from Analysts

Hilton Grand Vacations Inc. (NYSE:HGV) has earned an average recommendation of “Hold” from the eleven brokerages that are presently covering the firm, Marketbeat Ratings reports. Eight investment analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12 month price target among analysts that have covered the stock in the last year is $54.8889.

HGV has been the subject of several research reports. Mizuho decreased their target price on Hilton Grand Vacations from $75.00 to $74.00 and set an “outperform” rating for the company in a research note on Friday, July 31st. Barclays decreased their price target on shares of Hilton Grand Vacations from $51.00 to $46.00 and set an “equal weight” rating on the stock in a research report on Friday, July 31st. Morgan Stanley cut their price objective on Hilton Grand Vacations from $58.00 to $54.00 and set an “equal weight” rating for the company in a research report on Tuesday, August 18th. Truist Financial lifted their target price on Hilton Grand Vacations from $67.00 to $71.00 and gave the stock a “buy” rating in a report on Monday, May 18th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Hilton Grand Vacations in a report on Wednesday, August 26th.

Hilton Grand Vacations Price Performance

HGV opened at $41.86 on Friday. The company has a quick ratio of 3.20, a current ratio of 5.02 and a debt-to-equity ratio of 6.18. The company’s 50-day moving average price is $47.57 and its 200 day moving average price is $46.83. Hilton Grand Vacations has a fifty-two week low of $36.79 and a fifty-two week high of $55.40. The firm has a market cap of $3.25 billion, a price-to-earnings ratio of 23.65, a price-to-earnings-growth ratio of 0.42 and a beta of 1.50.

Hilton Grand Vacations (NYSE:HGV) last posted its earnings results on Thursday, July 30th. The company reported $0.89 EPS for the quarter, missing the consensus estimate of $0.94 by ($0.05). Hilton Grand Vacations had a net margin of 2.86% and a return on equity of 20.40%. The company had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.38 billion. During the same period last year, the company posted $0.54 earnings per share. The firm’s revenue for the quarter was up 7.3% compared to the same quarter last year. As a group, sell-side analysts expect that Hilton Grand Vacations will post 4.61 earnings per share for the current year.

Hilton Grand Vacations announced that its board has initiated a stock buyback program on Thursday, August 20th that authorizes the company to buyback $600.00 million in outstanding shares. This buyback authorization authorizes the company to buy up to 17% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s management believes its shares are undervalued.

Insider Buying and Selling

In other Hilton Grand Vacations news, insider Charles Corbin, Jr. sold 20,691 shares of the firm’s stock in a transaction dated Thursday, August 6th. The shares were sold at an average price of $46.90, for a total value of $970,407.90. Following the completion of the transaction, the insider directly owned 47,924 shares in the company, valued at $2,247,635.60. This trade represents a 30.16% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 3.10% of the company’s stock.

Hedge Funds Weigh In On Hilton Grand Vacations

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. AQR Capital Management LLC acquired a new stake in shares of Hilton Grand Vacations in the first quarter worth $1,541,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Hilton Grand Vacations by 1.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 41,304 shares of the company’s stock worth $1,545,000 after acquiring an additional 615 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in Hilton Grand Vacations by 2.1% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 180,370 shares of the company’s stock valued at $6,748,000 after buying an additional 3,705 shares during the period. Intech Investment Management LLC lifted its position in Hilton Grand Vacations by 24.5% in the 1st quarter. Intech Investment Management LLC now owns 43,541 shares of the company’s stock worth $1,629,000 after buying an additional 8,567 shares in the last quarter. Finally, EverSource Wealth Advisors LLC boosted its stake in shares of Hilton Grand Vacations by 743.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 641 shares of the company’s stock valued at $27,000 after buying an additional 565 shares during the period. 97.23% of the stock is currently owned by hedge funds and other institutional investors.

About Hilton Grand Vacations

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.