Brokerages Set Hilton Grand Vacations Inc (HGV) Target Price at $46.25

Hilton Grand Vacations Inc (NYSE:HGV) has earned an average recommendation of “Hold” from the eight analysts that are covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating on the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $46.25.

A number of equities analysts have issued reports on HGV shares. Zacks Investment Research raised shares of Hilton Grand Vacations from a “hold” rating to a “buy” rating and set a $38.00 target price on the stock in a report on Thursday, July 5th. ValuEngine cut shares of Hilton Grand Vacations from a “hold” rating to a “sell” rating in a report on Thursday, October 4th. Finally, Jefferies Financial Group started coverage on shares of Hilton Grand Vacations in a report on Monday, July 16th. They issued a “hold” rating and a $38.00 target price on the stock.

Shares of NYSE HGV opened at $29.30 on Wednesday. The company has a current ratio of 5.01, a quick ratio of 3.63 and a debt-to-equity ratio of 2.40. Hilton Grand Vacations has a 52-week low of $28.95 and a 52-week high of $47.75. The stock has a market capitalization of $3.21 billion, a price-to-earnings ratio of 14.87, a price-to-earnings-growth ratio of 1.84 and a beta of 0.62.

Hilton Grand Vacations (NYSE:HGV) last issued its earnings results on Thursday, August 2nd. The company reported $1.10 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.11 by ($0.01). Hilton Grand Vacations had a return on equity of 52.26% and a net margin of 20.13%. The business had revenue of $563.00 million during the quarter, compared to the consensus estimate of $582.86 million. During the same period in the prior year, the business earned $0.51 EPS. The business’s revenue was up 28.2% on a year-over-year basis. As a group, analysts anticipate that Hilton Grand Vacations will post 3 EPS for the current fiscal year.

In other Hilton Grand Vacations news, Director Leonard Potter purchased 25,000 shares of the business’s stock in a transaction dated Wednesday, August 15th. The shares were bought at an average price of $31.98 per share, with a total value of $799,500.00. Following the completion of the acquisition, the director now owns 58,135 shares in the company, valued at approximately $1,859,157.30. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Mark D. Wang purchased 16,000 shares of the business’s stock in a transaction dated Wednesday, August 15th. The shares were acquired at an average cost of $31.91 per share, for a total transaction of $510,560.00. Following the acquisition, the insider now owns 328,481 shares of the company’s stock, valued at approximately $10,481,828.71. The disclosure for this purchase can be found here. Insiders own 0.72% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Aperio Group LLC raised its holdings in shares of Hilton Grand Vacations by 12.3% during the first quarter. Aperio Group LLC now owns 13,100 shares of the company’s stock valued at $564,000 after buying an additional 1,434 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Hilton Grand Vacations by 48.2% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,310 shares of the company’s stock valued at $184,000 after buying an additional 1,727 shares during the last quarter. New York State Teachers Retirement System raised its holdings in shares of Hilton Grand Vacations by 30.6% during the second quarter. New York State Teachers Retirement System now owns 8,100 shares of the company’s stock valued at $281,000 after buying an additional 1,900 shares during the last quarter. Bank of Montreal Can raised its holdings in shares of Hilton Grand Vacations by 15.5% during the second quarter. Bank of Montreal Can now owns 14,659 shares of the company’s stock valued at $509,000 after buying an additional 1,970 shares during the last quarter. Finally, Amalgamated Bank raised its holdings in shares of Hilton Grand Vacations by 18.3% during the first quarter. Amalgamated Bank now owns 16,334 shares of the company’s stock valued at $703,000 after buying an additional 2,531 shares during the last quarter. 97.88% of the stock is currently owned by institutional investors.

Hilton Grand Vacations Company Profile

Hilton Grand Vacations Inc, a timeshare company, develops, markets, sells, and manages timeshare resorts primarily under the Hilton Grand Vacations brand. The company operates in two segments, Real Estate Sales and Financing; and Resort Operations and Club Management. It sells vacation ownership intervals; manages resorts; operates a points-based vacation club; and finances and services loans provided to consumers for their timeshare purchases.

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Analyst Recommendations for Hilton Grand Vacations (NYSE:HGV)

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