Hilton Grand Vacations Inc. (NYSE:HGV) Given Consensus Rating of “Buy” by Brokerages

Shares of Hilton Grand Vacations Inc. (NYSE:HGV) have earned an average recommendation of “Buy” from the seven ratings firms that are currently covering the company, Marketbeat.com reports. Seven investment analysts have rated the stock with a buy rating. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $58.57.

Several research firms have weighed in on HGV. JMP Securities reiterated a “market outperform” rating and issued a $55.00 price target on shares of Hilton Grand Vacations in a research report on Friday, March 1st. Mizuho assumed coverage on Hilton Grand Vacations in a report on Tuesday, March 26th. They set a “buy” rating and a $63.00 price objective on the stock. Truist Financial raised their target price on shares of Hilton Grand Vacations from $66.00 to $70.00 and gave the company a “buy” rating in a report on Friday, March 15th. Barclays upped their price target on shares of Hilton Grand Vacations from $47.00 to $54.00 and gave the company an “overweight” rating in a research note on Friday, March 1st. Finally, JPMorgan Chase & Co. initiated coverage on shares of Hilton Grand Vacations in a research note on Monday, April 15th. They issued an “overweight” rating and a $59.00 price objective for the company.

Hilton Grand Vacations Stock Up 2.1 %

HGV stock opened at $41.31 on Friday. The company has a market capitalization of $4.28 billion, a price-to-earnings ratio of 19.49, a price-to-earnings-growth ratio of 2.22 and a beta of 1.94. The company has a debt-to-equity ratio of 3.09, a quick ratio of 3.11 and a current ratio of 4.44. The business’s 50 day moving average price is $44.11 and its two-hundred day moving average price is $42.07. Hilton Grand Vacations has a fifty-two week low of $33.13 and a fifty-two week high of $49.02.

Hilton Grand Vacations (NYSE:HGV) last posted its quarterly earnings data on Thursday, May 9th. The company reported $0.95 EPS for the quarter, topping the consensus estimate of $0.87 by $0.08. The business had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.12 billion. Hilton Grand Vacations had a net margin of 5.62% and a return on equity of 19.41%. Hilton Grand Vacations’s quarterly revenue was up 23.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.79 earnings per share. As a group, analysts forecast that Hilton Grand Vacations will post 3.18 earnings per share for the current fiscal year.

Insider Activity

In other Hilton Grand Vacations news, insider Jorge Pablo Brizi sold 28,000 shares of the company’s stock in a transaction on Thursday, March 28th. The shares were sold at an average price of $47.00, for a total transaction of $1,316,000.00. Following the completion of the transaction, the insider now directly owns 51,855 shares in the company, valued at $2,437,185. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, insider Charles R. Jr. Corbin sold 23,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $45.49, for a total transaction of $1,046,270.00. Following the completion of the sale, the insider now owns 140,618 shares in the company, valued at approximately $6,396,712.82. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Jorge Pablo Brizi sold 28,000 shares of the firm’s stock in a transaction on Thursday, March 28th. The stock was sold at an average price of $47.00, for a total value of $1,316,000.00. Following the sale, the insider now directly owns 51,855 shares of the company’s stock, valued at approximately $2,437,185. The disclosure for this sale can be found here. Insiders have sold 89,557 shares of company stock worth $4,142,832 in the last ninety days. Company insiders own 2.30% of the company’s stock.

Institutional Trading of Hilton Grand Vacations

A number of institutional investors and hedge funds have recently added to or reduced their stakes in HGV. Signaturefd LLC boosted its position in Hilton Grand Vacations by 78.6% in the 3rd quarter. Signaturefd LLC now owns 625 shares of the company’s stock valued at $25,000 after buying an additional 275 shares during the period. YHB Investment Advisors Inc. purchased a new position in Hilton Grand Vacations in the first quarter valued at $47,000. Itau Unibanco Holding S.A. acquired a new position in Hilton Grand Vacations during the 3rd quarter worth $47,000. DekaBank Deutsche Girozentrale purchased a new stake in Hilton Grand Vacations during the 3rd quarter worth about $85,000. Finally, Benjamin Edwards Inc. raised its position in Hilton Grand Vacations by 46.0% in the 1st quarter. Benjamin Edwards Inc. now owns 3,193 shares of the company’s stock valued at $151,000 after purchasing an additional 1,006 shares in the last quarter. Hedge funds and other institutional investors own 97.23% of the company’s stock.

Hilton Grand Vacations Company Profile

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.