Hilton Grand Vacations (NYSE:HGV) Price Target Cut to $38.00 by Analysts at Morgan Stanley

Hilton Grand Vacations (NYSE:HGV - Get Free Report) had its target price reduced by stock analysts at Morgan Stanley from $46.00 to $38.00 in a research report issued on Tuesday, MarketBeat reports. The firm presently has an "overweight" rating on the stock. Morgan Stanley's price target indicates a potential upside of 10.27% from the stock's current price.

Other analysts also recently issued research reports about the company. StockNews.com raised Hilton Grand Vacations from a "sell" rating to a "hold" rating in a research note on Saturday, March 1st. Barclays lifted their price objective on shares of Hilton Grand Vacations from $41.00 to $45.00 and gave the company an "equal weight" rating in a research report on Friday, February 28th. Mizuho upped their target price on shares of Hilton Grand Vacations from $55.00 to $60.00 and gave the stock an "outperform" rating in a research report on Friday, February 28th. Truist Financial lifted their price target on shares of Hilton Grand Vacations from $51.00 to $63.00 and gave the company a "buy" rating in a report on Friday, March 7th. Finally, The Goldman Sachs Group dropped their price objective on shares of Hilton Grand Vacations from $42.00 to $30.00 and set a "sell" rating for the company in a report on Monday, April 14th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, Hilton Grand Vacations presently has a consensus rating of "Hold" and an average price target of $44.63.

Hilton Grand Vacations Price Performance

Shares of HGV traded down $0.04 during mid-day trading on Tuesday, reaching $34.46. The stock had a trading volume of 749,604 shares, compared to its average volume of 882,561. The business has a fifty day moving average of $36.95 and a 200 day moving average of $38.99. The company has a debt-to-equity ratio of 3.32, a quick ratio of 3.08 and a current ratio of 4.83. The firm has a market cap of $3.26 billion, a price-to-earnings ratio of 39.16, a PEG ratio of 2.20 and a beta of 1.68. Hilton Grand Vacations has a 12 month low of $30.59 and a 12 month high of $45.48.

Hilton Grand Vacations (NYSE:HGV - Get Free Report) last issued its earnings results on Thursday, February 27th. The company reported $0.49 earnings per share for the quarter, missing the consensus estimate of $0.89 by ($0.40). The firm had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.28 billion. Hilton Grand Vacations had a return on equity of 16.44% and a net margin of 2.01%. Equities analysts predict that Hilton Grand Vacations will post 3.39 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. CAS Investment Partners LLC raised its position in Hilton Grand Vacations by 2.0% during the fourth quarter. CAS Investment Partners LLC now owns 6,492,344 shares of the company's stock valued at $252,877,000 after purchasing an additional 129,333 shares during the period. Franklin Resources Inc. increased its position in shares of Hilton Grand Vacations by 11.3% during the 4th quarter. Franklin Resources Inc. now owns 3,672,171 shares of the company's stock valued at $143,031,000 after purchasing an additional 373,442 shares during the last quarter. Parsifal Capital Management LP raised its holdings in Hilton Grand Vacations by 1.8% during the 4th quarter. Parsifal Capital Management LP now owns 3,475,861 shares of the company's stock valued at $135,385,000 after buying an additional 62,346 shares during the period. Dimensional Fund Advisors LP lifted its position in Hilton Grand Vacations by 21.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,935,231 shares of the company's stock worth $114,329,000 after buying an additional 512,362 shares during the last quarter. Finally, Millennium Management LLC boosted its stake in Hilton Grand Vacations by 27.7% during the fourth quarter. Millennium Management LLC now owns 2,045,286 shares of the company's stock worth $79,664,000 after buying an additional 443,353 shares during the period. 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.