Hilton Grand Vacations (HGV) – Analysts’ Weekly Ratings Updates

Hilton Grand Vacations (NYSE: HGV) recently received a number of ratings updates from brokerages and research firms:

• 8/12/2024 – Hilton Grand Vacations was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating.
• 8/9/2024 – Hilton Grand Vacations had its price target lowered by analysts at Barclays PLC from $54.00 to $40.00. They now have an “overweight” rating on the stock.
• 8/9/2024 – Hilton Grand Vacations had its price target lowered by analysts at Mizuho from $63.00 to $57.00. They now have an “outperform” rating on the stock.
• 8/9/2024 – Hilton Grand Vacations was downgraded by analysts at JPMorgan Chase & Co. from an “overweight” rating to a “neutral” rating. They now have a $36.00 price target on the stock, down previously from $55.00.
• 8/9/2024 – Hilton Grand Vacations was downgraded by analysts at Jefferies Financial Group Inc. from a “buy” rating to a “hold” rating. They now have a $35.00 price target on the stock, down previously from $55.00.

Hilton Grand Vacations Stock Performance

Shares of HGV stock opened at $36.61 on Monday. Hilton Grand Vacations Inc. has a 12-month low of $33.13 and a 12-month high of $49.02. The business’s fifty day simple moving average is $40.09 and its 200-day simple moving average is $42.56. The company has a current ratio of 4.44, a quick ratio of 3.11 and a debt-to-equity ratio of 3.09. The company has a market cap of $3.80 billion, a PE ratio of 17.27, a PEG ratio of 1.76 and a beta of 1.83.

Hilton Grand Vacations (NYSE:HGV) last released its earnings results on Thursday, August 8th. The company reported $0.62 earnings per share for the quarter, missing the consensus estimate of $0.89 by ($0.27). Hilton Grand Vacations had a return on equity of 19.41% and a net margin of 5.62%. The company had revenue of $1.24 billion for the quarter, compared to analysts’ expectations of $1.33 billion. During the same period in the prior year, the firm posted $0.85 EPS. The firm’s revenue for the quarter was up 22.6% on a year-over-year basis. Analysts expect that Hilton Grand Vacations Inc. will post 3.95 earnings per share for the current fiscal year.

Institutional Trading of Hilton Grand Vacations

A number of hedge funds have recently modified their holdings of the stock. Norges Bank acquired a new stake in shares of Hilton Grand Vacations in the fourth quarter valued at about $23,383,000. Boulder Hill Capital Management LP purchased a new stake in shares of Hilton Grand Vacations in the fourth quarter valued at about $1,933,000. Franklin Resources Inc. increased its holdings in shares of Hilton Grand Vacations by 6.9% during the 4th quarter. Franklin Resources Inc. now owns 3,037,372 shares of the company’s stock worth $122,042,000 after buying an additional 195,485 shares during the last quarter. GSA Capital Partners LLP purchased a new position in shares of Hilton Grand Vacations during the 1st quarter worth $884,000. Finally, Vanguard Group Inc. boosted its stake in Hilton Grand Vacations by 1.0% during the first quarter. Vanguard Group Inc. now owns 7,546,080 shares of the company’s stock worth $356,250,000 after buying an additional 77,934 shares during the period. Hedge funds and other institutional investors own 97.23% of the company’s stock.

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.