Hilton Grand Vacations (NYSE:HGV) Upgraded to “Buy” by StockNews.com

StockNews.com upgraded shares of Hilton Grand Vacations (NYSE:HGV – Get Rating) from a hold rating to a buy rating in a research note published on Monday.

A number of other equities research analysts also recently weighed in on the company. Truist Financial lifted their target price on Hilton Grand Vacations from $62.00 to $75.00 and gave the stock a buy rating in a research report on Monday, March 6th. Credit Suisse Group lifted their target price on shares of Hilton Grand Vacations from $84.00 to $85.00 and gave the company an outperform rating in a research note on Thursday, March 2nd. Jefferies Financial Group cut shares of Hilton Grand Vacations from a buy rating to a hold rating and cut their target price for the company from $68.00 to $52.00 in a research note on Friday, February 3rd. TheStreet upgraded shares of Hilton Grand Vacations from a c+ rating to a b- rating in a research note on Monday, November 14th. Finally, Barclays raised their price target on shares of Hilton Grand Vacations from $50.00 to $56.00 and gave the company an overweight rating in a report on Thursday, March 2nd. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of Moderate Buy and a consensus target price of $67.00.

Hilton Grand Vacations Price Performance

Shares of NYSE:HGV opened at $43.56 on Monday. The company has a current ratio of 3.45, a quick ratio of 2.45 and a debt-to-equity ratio of 1.74. The firm has a market cap of $4.89 billion, a price-to-earnings ratio of 14.87 and a beta of 2.04. Hilton Grand Vacations has a 1 year low of $32.12 and a 1 year high of $54.55. The business has a fifty day simple moving average of $45.95 and a 200 day simple moving average of $41.63.

Hilton Grand Vacations (NYSE:HGV – Get Rating) last issued its quarterly earnings results on Wednesday, March 1st. The company reported $1.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.77 by $0.24. The company had revenue of $992.00 million for the quarter, compared to the consensus estimate of $975.45 million. Hilton Grand Vacations had a return on equity of 18.56% and a net margin of 9.18%. The firm’s revenue was up 18.4% compared to the same quarter last year. During the same period last year, the business posted $0.76 earnings per share. As a group, sell-side analysts predict that Hilton Grand Vacations will post 4.3 earnings per share for the current fiscal year.

Insider Activity at Hilton Grand Vacations

In related news, insider Mark D. Wang sold 49,850 shares of the business’s stock in a transaction on Friday, March 3rd. The shares were sold at an average price of $47.69, for a total value of $2,377,346.50. Following the sale, the insider now directly owns 545,114 shares of the company’s stock, valued at approximately $25,996,486.66. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.50% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Ancora Advisors LLC grew its position in shares of Hilton Grand Vacations by 4.3% during the 1st quarter. Ancora Advisors LLC now owns 7,300 shares of the company’s stock worth $273,000 after purchasing an additional 300 shares in the last quarter. Mackenzie Financial Corp lifted its stake in Hilton Grand Vacations by 5.2% in the 3rd quarter. Mackenzie Financial Corp now owns 6,824 shares of the company’s stock valued at $224,000 after purchasing an additional 337 shares during the last quarter. Okabena Investment Services Inc. raised its stake in shares of Hilton Grand Vacations by 0.9% during the second quarter. Okabena Investment Services Inc. now owns 42,692 shares of the company’s stock valued at $1,525,000 after acquiring an additional 381 shares during the last quarter. Arizona State Retirement System raised its stake in shares of Hilton Grand Vacations by 1.6% during the fourth quarter. Arizona State Retirement System now owns 24,908 shares of the company’s stock valued at $960,000 after acquiring an additional 398 shares during the last quarter. Finally, PNC Financial Services Group Inc. raised its stake in shares of Hilton Grand Vacations by 327.3% during the first quarter. PNC Financial Services Group Inc. now owns 547 shares of the company’s stock valued at $28,000 after acquiring an additional 419 shares during the last quarter. Institutional investors and hedge funds own 93.66% of the company’s stock.

Hilton Grand Vacations Company Profile

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Hilton Grand Vacations, Inc engages in the marketing and sale of vacation ownership interval and management of resorts in urban destinations. It operates through the Real Estate Sales and Financing, and Resort Operations and Club Management segments. The Real Estate Sales and Financing segment refers to the sale of vacation ownership intervals on behalf of third-party developers using the Hilton Grand Vacations brand in exchange for sales, marketing and brand fees, and financing solutions.