Hilton Grand Vacations (NYSE:HGV) Given New $50.00 Price Target at JMP Securities

Hilton Grand Vacations (NYSE:HGV) had its price target decreased by research analysts at JMP Securities from $55.00 to $50.00 in a report released on Wednesday,Benzinga reports. The brokerage currently has a “market outperform” rating on the stock. JMP Securities’ price target suggests a potential upside of 29.37% from the company’s previous close.

Several other research firms also recently commented on HGV. The Goldman Sachs Group upped their price objective on shares of Hilton Grand Vacations from $33.00 to $37.00 and gave the company a “sell” rating in a report on Tuesday, December 10th. StockNews.com raised Hilton Grand Vacations from a “sell” rating to a “hold” rating in a report on Wednesday, November 27th. 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. Barclays reiterated an “equal weight” rating and set a $41.00 price target (down from $44.00) on shares of Hilton Grand Vacations in a research report on Friday, December 13th. Finally, Truist Financial cut their price objective 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 investment analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, Hilton Grand Vacations currently has a consensus rating of “Hold” and a consensus target price of $43.57.

Hilton Grand Vacations Price Performance

NYSE HGV opened at $38.65 on Wednesday. Hilton Grand Vacations has a 12-month low of $33.21 and a 12-month high of $49.02. The firm’s fifty day simple moving average is $40.02 and its two-hundred day simple moving average is $39.24. 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 firm has a market capitalization of $3.81 billion, a P/E ratio of 43.92, a P/E/G ratio of 2.25 and a beta of 1.85.

Hilton Grand Vacations (NYSE:HGV) 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 company had revenue of $1.31 billion during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter last year, the business earned $0.98 earnings per share. Analysts forecast that Hilton Grand Vacations will post 3.43 EPS for the current fiscal year.

Insider Buying and Selling

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 on Monday, November 25th. The stock was 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 in the company, valued at $1,107,054,232.50. This represents a 13.20 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Charles R. Jr. Corbin sold 49,389 shares of Hilton Grand Vacations 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 completion of 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 ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 2.30% of the company’s stock.

Hedge Funds Weigh In On Hilton Grand Vacations

Several hedge funds have recently bought and sold shares of the company. Reston Wealth Management LLC acquired a new stake in shares of Hilton Grand Vacations during the third quarter worth about $25,000. nVerses Capital LLC acquired a new stake in Hilton Grand Vacations during the 2nd quarter worth approximately $32,000. Blue Trust Inc. boosted its position in 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 buying an additional 588 shares during the period. Canada Pension Plan Investment Board acquired a new position in shares of Hilton Grand Vacations in the second quarter worth $93,000. Finally, Ashton Thomas Private Wealth LLC purchased a new stake in shares of Hilton Grand Vacations during the second quarter worth $120,000. Institutional investors and hedge funds own 97.23% of the company’s stock.

Hilton Grand Vacations Company Profile

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.