Deutsche Bank Aktiengesellschaft Initiates Coverage on Hilton Grand Vacations (NYSE:HGV)

Analysts at Deutsche Bank Aktiengesellschaft assumed coverage on shares of Hilton Grand Vacations (NYSE:HGV) in a research report issued to clients and investors on Thursday, FlyOnTheWall reports. The firm set a “buy” rating on the stock.

A number of other equities research analysts also recently issued reports on HGV. Truist Financial cut their price target on Hilton Grand Vacations from $76.00 to $75.00 and set a “buy” rating for the company in a research note on Friday, August 11th. StockNews.com initiated coverage on Hilton Grand Vacations in a research note on Thursday, August 17th. They set a “hold” rating for the company. Finally, Barclays cut their price target on Hilton Grand Vacations from $56.00 to $55.00 and set an “overweight” rating for the company in a research note on Monday, August 7th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $63.40.

Hilton Grand Vacations Price Performance

Shares of NYSE:HGV opened at $42.54 on Thursday. Hilton Grand Vacations has a fifty-two week low of $32.12 and a fifty-two week high of $51.81. The business has a 50-day simple moving average of $45.24 and a two-hundred day simple moving average of $44.96. The company has a debt-to-equity ratio of 1.82, a quick ratio of 2.32 and a current ratio of 3.36. The firm has a market cap of $4.68 billion, a price-to-earnings ratio of 13.05, a price-to-earnings-growth ratio of 0.44 and a beta of 2.04.

Hilton Grand Vacations (NYSE:HGV) last released its quarterly earnings results on Thursday, August 3rd. The company reported $0.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.79 by $0.06. The business had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $990.87 million. Hilton Grand Vacations had a return on equity of 21.20% and a net margin of 9.41%. The business’s quarterly revenue was up 6.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.60 EPS. On average, analysts expect that Hilton Grand Vacations will post 4.05 earnings per share for the current year.

Insider Activity at Hilton Grand Vacations

In other Hilton Grand Vacations news, insider Carlos Hernandez sold 5,915 shares of the company’s stock in a transaction that occurred on Wednesday, July 12th. The stock was sold at an average price of $48.00, for a total value of $283,920.00. Following the completion of the transaction, the insider now directly owns 11,412 shares in the company, valued at approximately $547,776. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 1.60% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Apollo Management Holdings L.P. bought a new position in Hilton Grand Vacations in the 1st quarter worth approximately $1,346,044,000. BlackRock Inc. raised its holdings in shares of Hilton Grand Vacations by 46.1% during the 1st quarter. BlackRock Inc. now owns 10,794,419 shares of the company’s stock worth $479,596,000 after acquiring an additional 3,408,398 shares in the last quarter. Alliancebernstein L.P. raised its holdings in shares of Hilton Grand Vacations by 8.4% during the 4th quarter. Alliancebernstein L.P. now owns 5,866,393 shares of the company’s stock worth $226,091,000 after acquiring an additional 455,826 shares in the last quarter. State Street Corp raised its holdings in shares of Hilton Grand Vacations by 58.0% during the 1st quarter. State Street Corp now owns 2,711,513 shares of the company’s stock worth $120,473,000 after acquiring an additional 995,676 shares in the last quarter. Finally, Franklin Resources Inc. raised its holdings in shares of Hilton Grand Vacations by 77.9% during the 2nd quarter. Franklin Resources Inc. now owns 2,520,786 shares of the company’s stock worth $114,545,000 after acquiring an additional 1,104,101 shares in the last quarter. 97.23% of the stock is currently owned by institutional investors.

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.