Hilton Grand Vacations (NYSE:HGV) Price Target Raised to $37.00

Hilton Grand Vacations (NYSE:HGV - Get Free Report) had its price target hoisted by stock analysts at The Goldman Sachs Group from $33.00 to $37.00 in a report released on Tuesday,Benzinga reports. The firm presently has a "sell" rating on the stock. The Goldman Sachs Group's price objective would indicate a potential downside of 9.86% from the company's current price.

Other equities analysts have also recently issued reports about the company. Barclays lifted their target price on Hilton Grand Vacations from $40.00 to $44.00 and gave the stock an "overweight" rating in a report on Friday, November 8th. StockNews.com raised Hilton Grand Vacations from a "sell" rating to a "hold" rating in a research note on Wednesday, November 27th. Mizuho cut their price objective on Hilton Grand Vacations from $57.00 to $55.00 and set an "outperform" rating on the stock in a report on Tuesday, November 12th. Finally, Truist Financial decreased their target price on shares of Hilton Grand Vacations from $52.00 to $51.00 and set a "buy" rating for the company in a report on Tuesday, November 26th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, Hilton Grand Vacations currently has a consensus rating of "Hold" and a consensus price target of $44.71.

Hilton Grand Vacations Price Performance

NYSE:HGV traded down $0.18 during mid-day trading on Tuesday, reaching $41.05. 629,724 shares of the stock were exchanged, compared to its average volume of 790,232. The company has a current ratio of 4.83, a quick ratio of 3.08 and a debt-to-equity ratio of 3.32. The business has a fifty day moving average price of $39.34 and a 200 day moving average price of $39.28. Hilton Grand Vacations has a 1-year low of $33.21 and a 1-year high of $49.02. The firm has a market capitalization of $4.04 billion, a PE ratio of 46.85, a PEG ratio of 2.30 and a beta of 1.85.

Hilton Grand Vacations (NYSE:HGV - Get Free Report) last released its earnings results on Thursday, November 7th. The company reported $0.67 EPS for the quarter, missing analysts' consensus estimates of $0.70 by ($0.03). The business had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.29 billion. Hilton Grand Vacations had a return on equity of 16.44% and a net margin of 2.01%. The firm's revenue for the quarter was up 28.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.98 earnings per share. Research analysts expect that Hilton Grand Vacations will post 3.43 earnings per share for the current fiscal year.

Insider Transactions at Hilton Grand Vacations

In other Hilton Grand Vacations news, major shareholder Principal Holdings A. Gp Apollo sold 4,000,000 shares of the company's stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $42.10, for a total value of $168,400,000.00. Following the transaction, the insider now directly owns 26,295,825 shares of the company's stock, valued at $1,107,054,232.50. This represents a 13.20 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Charles R. Jr. Corbin sold 49,389 shares of Hilton Grand Vacations stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $41.55, for a total value of $2,052,112.95. Following the sale, the insider now owns 88,532 shares of the company's stock, valued at approximately $3,678,504.60. This represents a 35.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.30% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Franklin Resources Inc. lifted its stake in shares of Hilton Grand Vacations by 17.8% in the 3rd quarter. Franklin Resources Inc. now owns 3,298,729 shares of the company's stock valued at $117,402,000 after purchasing an additional 499,067 shares during the last quarter. FMR LLC raised its holdings in Hilton Grand Vacations by 39.0% during the third quarter. FMR LLC now owns 3,271,387 shares of the company's stock valued at $118,817,000 after buying an additional 917,397 shares in the last quarter. Millennium Management LLC lifted its position in shares of Hilton Grand Vacations by 44.5% in the second quarter. Millennium Management LLC now owns 2,269,405 shares of the company's stock worth $91,752,000 after buying an additional 698,664 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Hilton Grand Vacations by 9.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,953,170 shares of the company's stock worth $78,961,000 after acquiring an additional 162,459 shares in the last quarter. Finally, Long Pond Capital LP increased its holdings in shares of Hilton Grand Vacations by 218.0% during the 2nd quarter. Long Pond Capital LP now owns 1,200,920 shares of the company's stock valued at $48,553,000 after acquiring an additional 823,228 shares during the last quarter. Institutional investors and hedge funds own 97.23% of the company's stock.

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.