Hilton Grand Vacations Inc. (NYSE:HGV) Given Average Recommendation of “Buy” by Analysts

Shares of Hilton Grand Vacations Inc. (NYSE:HGV) have received an average recommendation of “Buy” from the seven brokerages that are currently covering the firm, MarketBeat Ratings reports. Seven equities research analysts have rated the stock with a buy recommendation. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $58.57.

A number of analysts have commented on HGV shares. Barclays boosted their price target on shares of Hilton Grand Vacations from $47.00 to $54.00 and gave the company an “overweight” rating in a research note on Friday, March 1st. Jefferies Financial Group upgraded shares of Hilton Grand Vacations from a “hold” rating to a “buy” rating and upped their target price for the stock from $39.00 to $50.00 in a report on Tuesday, January 2nd. JPMorgan Chase & Co. began coverage on Hilton Grand Vacations in a research note on Monday, April 15th. They set an “overweight” rating and a $59.00 price target for the company. JMP Securities reissued a “market outperform” rating and issued a $55.00 price objective on shares of Hilton Grand Vacations in a research note on Friday, March 1st. Finally, Truist Financial raised their target price on Hilton Grand Vacations from $66.00 to $70.00 and gave the company a “buy” rating in a report on Friday, March 15th.

Insider Buying and Selling at Hilton Grand Vacations

In other news, insider Charles R. Jr. Corbin sold 23,000 shares of Hilton Grand Vacations stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $45.49, for a total transaction of $1,046,270.00. Following the sale, the insider now directly owns 140,618 shares in the company, valued at approximately $6,396,712.82. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, insider Charles R. Jr. Corbin sold 23,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $45.49, for a total transaction of $1,046,270.00. Following the completion of the sale, the insider now owns 140,618 shares in the company, valued at approximately $6,396,712.82. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Jorge Pablo Brizi sold 28,000 shares of Hilton Grand Vacations stock in a transaction that occurred on Thursday, March 28th. The stock was sold at an average price of $47.00, for a total transaction of $1,316,000.00. Following the completion of the sale, the insider now directly owns 51,855 shares in the company, valued at approximately $2,437,185. The disclosure for this sale can be found here. Insiders sold 89,557 shares of company stock worth $4,142,832 in the last quarter. 2.30% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Signaturefd LLC increased its holdings in Hilton Grand Vacations by 78.6% in the 3rd quarter. Signaturefd LLC now owns 625 shares of the company’s stock worth $25,000 after acquiring an additional 275 shares during the last quarter. Itau Unibanco Holding S.A. purchased a new position in shares of Hilton Grand Vacations in the third quarter worth about $47,000. YHB Investment Advisors Inc. bought a new stake in shares of Hilton Grand Vacations in the first quarter valued at approximately $47,000. DekaBank Deutsche Girozentrale bought a new stake in shares of Hilton Grand Vacations during the third quarter valued at about $85,000. Finally, Quest Partners LLC purchased a new stake in shares of Hilton Grand Vacations in the fourth quarter worth $142,000. Hedge funds and other institutional investors own 97.23% of the company’s stock.

Hilton Grand Vacations Trading Down 1.9 %

NYSE:HGV opened at $43.48 on Tuesday. Hilton Grand Vacations has a 12 month low of $33.13 and a 12 month high of $49.02. The company has a current ratio of 4.34, a quick ratio of 3.10 and a debt-to-equity ratio of 2.13. The stock has a market capitalization of $4.55 billion, a price-to-earnings ratio of 15.53, a PEG ratio of 0.87 and a beta of 1.93. The firm has a fifty day simple moving average of $45.34 and a two-hundred day simple moving average of $41.35.

Hilton Grand Vacations (NYSE:HGV) last announced its quarterly earnings data on Thursday, February 29th. The company reported $1.01 EPS for the quarter, beating analysts’ consensus estimates of $0.97 by $0.04. The firm had revenue of $1.02 billion during the quarter, compared to analysts’ expectations of $1.02 billion. Hilton Grand Vacations had a return on equity of 19.06% and a net margin of 7.87%. The company’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same quarter last year, the firm posted $1.01 earnings per share. Analysts expect that Hilton Grand Vacations will post 4.35 EPS for the current fiscal year.

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.