The Goldman Sachs Group Cuts Hilton Grand Vacations (NYSE:HGV) Price Target to $30.00

Hilton Grand Vacations (NYSE:HGV - Free Report) had its price objective cut by The Goldman Sachs Group from $42.00 to $30.00 in a report released on Monday morning,Benzinga reports. They currently have a sell rating on the stock.

Several other brokerages have also commented on HGV. Morgan Stanley started coverage on shares of Hilton Grand Vacations in a report on Monday, January 6th. They issued an "overweight" rating and a $47.00 price target for the company. StockNews.com raised shares of Hilton Grand Vacations from a "sell" rating to a "hold" rating in a research note on Saturday, March 1st. Truist Financial raised their price target on shares of Hilton Grand Vacations from $51.00 to $63.00 and gave the company a "buy" rating in a research note on Friday, March 7th. JMP Securities reduced their target price on Hilton Grand Vacations from $55.00 to $50.00 and set a "market outperform" rating for the company in a report on Wednesday, December 18th. Finally, Barclays lifted their price target on Hilton Grand Vacations from $41.00 to $45.00 and gave the stock an "equal weight" rating in a research note on Friday, February 28th. One analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $45.75.

Hilton Grand Vacations Stock Performance

HGV traded up $0.30 on Monday, reaching $33.16. The stock had a trading volume of 1,049,665 shares, compared to its average volume of 874,013. The business's 50-day moving average price is $37.83 and its two-hundred day moving average price is $39.07. The company has a market cap of $3.14 billion, a P/E ratio of 37.69, a price-to-earnings-growth 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. The company has a current ratio of 4.83, a quick ratio of 3.08 and a debt-to-equity ratio of 3.32.

Hilton Grand Vacations (NYSE:HGV - Get Free Report) last announced its quarterly 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 business had revenue of $1.28 billion during the quarter, compared to analysts' expectations of $1.28 billion. Hilton Grand Vacations had a net margin of 2.01% and a return on equity of 16.44%. Sell-side analysts forecast that Hilton Grand Vacations will post 3.39 earnings per share for the current year.

Institutional Trading of Hilton Grand Vacations

Hedge funds and other institutional investors have recently modified their holdings of the stock. Barclays PLC increased its position in Hilton Grand Vacations by 330.8% during the third quarter. Barclays PLC now owns 246,131 shares of the company's stock worth $8,941,000 after purchasing an additional 188,997 shares during the last quarter. Franklin Resources Inc. increased its holdings in shares of Hilton Grand Vacations by 17.8% during the 3rd quarter. Franklin Resources Inc. now owns 3,298,729 shares of the company's stock worth $117,402,000 after buying an additional 499,067 shares during the last quarter. MassMutual Private Wealth & Trust FSB raised its position in shares of Hilton Grand Vacations by 38,000.0% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 9,525 shares of the company's stock valued at $371,000 after buying an additional 9,500 shares during the period. Crossmark Global Holdings Inc. acquired a new position in Hilton Grand Vacations in the fourth quarter valued at approximately $204,000. Finally, PB Investment Partners L.P. grew its position in Hilton Grand Vacations by 5.9% in the fourth quarter. PB Investment Partners L.P. now owns 571,414 shares of the company's stock worth $22,257,000 after acquiring an additional 31,939 shares during the period. 97.23% of the stock is owned by institutional investors and hedge funds.

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.