JMP Securities Issues Pessimistic Forecast for Hilton Grand Vacations (NYSE:HGV) Stock Price

Hilton Grand Vacations (NYSE:HGV - Get Free Report) had its target price decreased by investment analysts at JMP Securities from $55.00 to $50.00 in a report issued on Wednesday,Benzinga reports. The brokerage currently has a "market outperform" rating on the stock. JMP Securities' price target points to a potential upside of 31.65% from the company's previous close.

HGV has been the subject of a number of other research reports. Mizuho cut their target price on shares of Hilton Grand Vacations from $57.00 to $55.00 and set an "outperform" rating for the company in a research note on Tuesday, November 12th. The Goldman Sachs Group increased their target price on Hilton Grand Vacations from $33.00 to $37.00 and gave the stock a "sell" rating in a research note on Tuesday, December 10th. Barclays reaffirmed an "equal weight" rating and issued a $41.00 price objective (down from $44.00) on shares of Hilton Grand Vacations in a report on Friday, December 13th. Truist Financial decreased their price target on shares of Hilton Grand Vacations from $52.00 to $51.00 and set a "buy" rating on the stock in a research note on Tuesday, November 26th. Finally, StockNews.com upgraded shares of Hilton Grand Vacations from a "sell" rating to a "hold" rating in a research note on Wednesday, November 27th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat, Hilton Grand Vacations currently has a consensus rating of "Hold" and an average price target of $43.57.

Hilton Grand Vacations Stock Performance

HGV stock traded down $2.38 during trading hours on Wednesday, reaching $37.98. The stock had a trading volume of 1,215,649 shares, compared to its average volume of 792,500. The stock has a market capitalization of $3.74 billion, a PE ratio of 43.16, a price-to-earnings-growth ratio of 2.25 and a beta of 1.85. The stock has a 50-day simple moving average of $39.89 and a 200 day simple moving average of $39.25. Hilton Grand Vacations has a fifty-two week low of $33.21 and a fifty-two week high of $49.02. The company has a debt-to-equity ratio of 3.32, a current ratio of 4.83 and a quick ratio of 3.08.

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

Insider Activity at Hilton Grand Vacations

In other Hilton Grand Vacations news, insider Charles R. Jr. Corbin sold 49,389 shares of the business's stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $41.55, for a total transaction of $2,052,112.95. Following the sale, the insider now directly owns 88,532 shares of the company's stock, valued at $3,678,504.60. The trade was a 35.81 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, major shareholder Principal Holdings A. Gp Apollo sold 4,000,000 shares of the firm's stock in a transaction on Monday, November 25th. The shares were sold at an average price of $42.10, for a total transaction 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. The trade was a 13.20 % decrease in their position. The disclosure for this sale can be found here. 2.30% of the stock is owned by insiders.

Institutional Investors Weigh In On Hilton Grand Vacations

Institutional investors have recently made changes to their positions in the stock. Reston Wealth Management LLC acquired a new position in shares of Hilton Grand Vacations in the third quarter worth approximately $25,000. nVerses Capital LLC bought a new stake in shares of Hilton Grand Vacations in the 2nd quarter valued at $32,000. Blue Trust Inc. boosted its stake in shares of Hilton Grand Vacations by 141.7% in the 3rd quarter. Blue Trust Inc. now owns 1,003 shares of the company's stock valued at $36,000 after purchasing an additional 588 shares during the last quarter. Canada Pension Plan Investment Board acquired a new stake in shares of Hilton Grand Vacations during the second quarter worth $93,000. Finally, Ashton Thomas Private Wealth LLC bought a new position in Hilton Grand Vacations during the second quarter worth $120,000. Institutional investors 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.