Hilton Grand Vacations (NYSE:HGV - Free Report) had its price objective trimmed by Truist Financial from $52.00 to $51.00 in a report published on Tuesday,Benzinga reports. The brokerage currently has a buy rating on the stock.
Several other equities analysts have also recently commented on HGV. The Goldman Sachs Group initiated coverage on Hilton Grand Vacations in a research report on Wednesday, September 18th. They set a "sell" rating and a $31.00 target price for the company. StockNews.com downgraded Hilton Grand Vacations from a "hold" rating to a "sell" rating in a research report on Monday, August 12th. Mizuho cut their price objective on Hilton Grand Vacations from $57.00 to $55.00 and set an "outperform" rating for the company in a report on Tuesday, November 12th. Jefferies Financial Group cut Hilton Grand Vacations from a "buy" rating to a "hold" rating and decreased their price objective for the company from $55.00 to $35.00 in a report on Friday, August 9th. Finally, JPMorgan Chase & Co. lowered Hilton Grand Vacations from an "overweight" rating to a "neutral" rating and cut their target price for the stock from $55.00 to $36.00 in a research note on Friday, August 9th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $43.86.
Check Out Our Latest Report on Hilton Grand Vacations
Hilton Grand Vacations Stock Down 5.9 %
Shares of NYSE HGV traded down $2.62 during midday trading on Tuesday, hitting $41.64. 3,129,856 shares of the stock traded hands, compared to its average volume of 786,548. Hilton Grand Vacations has a one year low of $33.21 and a one year high of $49.02. The business has a 50 day moving average price of $38.46 and a two-hundred day moving average price of $39.30. 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 company has a market cap of $4.10 billion, a PE ratio of 47.32, a P/E/G ratio of 2.28 and a beta of 1.82.
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 for the quarter, missing the consensus estimate of $0.70 by ($0.03). Hilton Grand Vacations had a return on equity of 16.44% and a net margin of 2.01%. The business had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.29 billion. During the same quarter in the previous year, the company posted $0.98 EPS. The business's quarterly revenue was up 28.3% on a year-over-year basis. On average, equities analysts predict that Hilton Grand Vacations will post 3.49 EPS for the current year.
Insiders Place Their Bets
In other Hilton Grand Vacations news, insider Charles R. Jr. Corbin sold 49,389 shares of the firm's stock in a transaction on 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 $3,678,504.60. This trade represents a 35.81 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 2.30% of the company's stock.
Institutional Trading of Hilton Grand Vacations
A number of institutional investors have recently modified their holdings of the company. Reston Wealth Management LLC bought a new stake in shares of Hilton Grand Vacations in the 3rd quarter worth approximately $25,000. nVerses Capital LLC purchased a new stake in Hilton Grand Vacations in the second quarter worth $32,000. Blue Trust Inc. boosted its holdings in Hilton Grand Vacations by 141.7% in the third quarter. Blue Trust Inc. now owns 1,003 shares of the company's stock valued at $36,000 after acquiring an additional 588 shares in the last quarter. Canada Pension Plan Investment Board purchased a new position in Hilton Grand Vacations during the 2nd quarter valued at $93,000. Finally, Ashton Thomas Private Wealth LLC bought a new position in Hilton Grand Vacations in the 2nd quarter worth $120,000. 97.23% of the stock is currently owned by hedge funds and other institutional investors.
About Hilton Grand Vacations
(
Get Free Report)
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.
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