Hilton Grand Vacations (NYSE:HGV) Price Target Raised to $58.00

Hilton Grand Vacations (NYSE:HGV) had its price target boosted by Morgan Stanley from $55.00 to $58.00 in a research report sent to investors on Friday morning,Benzinga reports. They currently have an equal weight rating on the stock.

HGV has been the subject of a number of other research reports. The Goldman Sachs Group raised Hilton Grand Vacations from a “sell” rating to a “neutral” rating and set a $55.00 price target for the company in a research report on Monday, June 1st. Zacks Research lowered Hilton Grand Vacations from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 9th. Wells Fargo & Company cut their price objective on Hilton Grand Vacations from $49.00 to $47.00 and set an “equal weight” rating on the stock in a research note on Thursday, April 16th. Barclays boosted their target price on Hilton Grand Vacations from $48.00 to $51.00 and gave the stock an “equal weight” rating in a report on Friday, May 1st. Finally, Wall Street Zen raised Hilton Grand Vacations from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 2nd. Four analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $57.22.

Hilton Grand Vacations Stock Up 0.0%

Hilton Grand Vacations stock opened at $49.95 on Friday. The company has a market capitalization of $3.96 billion, a P/E ratio of 26.71, a P/E/G ratio of 0.44 and a beta of 1.51. The firm’s fifty day simple moving average is $50.29 and its 200-day simple moving average is $46.91. The company has a current ratio of 4.33, a quick ratio of 2.64 and a debt-to-equity ratio of 5.41. Hilton Grand Vacations has a 1-year low of $36.79 and a 1-year high of $55.40.

Hilton Grand Vacations (NYSE:HGV) last released its quarterly earnings data on Thursday, April 30th. The company reported $0.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.56 by $0.43. The business had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.27 billion. Hilton Grand Vacations had a net margin of 3.16% and a return on equity of 17.62%. Hilton Grand Vacations’s quarterly revenue was up 11.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.09 EPS. Sell-side analysts forecast that Hilton Grand Vacations will post 5.11 earnings per share for the current fiscal year.

Insider Buying and Selling at Hilton Grand Vacations

In other news, insider Charles R. Jr. Corbin sold 32,907 shares of Hilton Grand Vacations stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $47.66, for a total transaction of $1,568,347.62. Following the sale, the insider owned 68,615 shares of the company’s stock, valued at approximately $3,270,190.90. This trade represents a 32.41% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Carlos Hernandez sold 5,595 shares of the business’s stock in a transaction that occurred on Tuesday, May 19th. The shares were sold at an average price of $46.69, for a total value of $261,230.55. Following the sale, the insider owned 14,080 shares in the company, valued at approximately $657,395.20. This represents a 28.44% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 229,315 shares of company stock valued at $11,738,497 in the last quarter. Corporate insiders own 3.10% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of HGV. AQR Capital Management LLC bought a new stake in Hilton Grand Vacations in the 1st quarter valued at $1,541,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Hilton Grand Vacations by 1.5% during 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 during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of Hilton Grand Vacations by 2.1% during 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 acquiring an additional 3,705 shares in the last quarter. Intech Investment Management LLC boosted its position in shares of Hilton Grand Vacations by 24.5% during the 1st quarter. Intech Investment Management LLC now owns 43,541 shares of the company’s stock valued at $1,629,000 after acquiring an additional 8,567 shares in the last quarter. Finally, EverSource Wealth Advisors LLC increased its stake in Hilton Grand Vacations by 743.4% in the second quarter. EverSource Wealth Advisors LLC now owns 641 shares of the company’s stock valued at $27,000 after acquiring an additional 565 shares during the period. 97.23% of the stock is owned by 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.