The Goldman Sachs Group Boosts Hilton Grand Vacations (NYSE:HGV) Price Target to $34.00

Hilton Grand Vacations (NYSE:HGV) had its price objective boosted by investment analysts at The Goldman Sachs Group from $30.00 to $34.00 in a note issued to investors on Friday,Benzinga reports. The brokerage presently has a “sell” rating on the stock. The Goldman Sachs Group’s price target would suggest a potential downside of 12.89% from the company’s previous close.

Other equities research analysts have also recently issued research reports about the company. StockNews.com raised Hilton Grand Vacations from a “sell” rating to a “hold” rating in a report on Saturday, March 1st. Truist Financial lifted their price target on Hilton Grand Vacations from $51.00 to $63.00 and gave the stock a “buy” rating in a report on Friday, March 7th. Morgan Stanley dropped their price objective on shares of Hilton Grand Vacations from $46.00 to $38.00 and set an “overweight” rating for the company in a report on Tuesday, April 22nd. Barclays lifted their target price on shares of 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. Finally, Mizuho increased their price target on shares of Hilton Grand Vacations from $60.00 to $70.00 and gave the company an “outperform” rating in a research note on Friday. One analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, Hilton Grand Vacations presently has an average rating of “Hold” and a consensus target price of $46.00.

Hilton Grand Vacations Stock Up 6.1 %

NYSE HGV opened at $39.03 on Friday. The business has a fifty day moving average price of $36.35 and a 200 day moving average price of $39.00. 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 $3.69 billion, a P/E ratio of 44.35, a P/E/G ratio of 2.20 and a beta of 1.60. Hilton Grand Vacations has a one year low of $30.59 and a one year high of $45.00.

Hilton Grand Vacations (NYSE:HGV) last issued its earnings results on Thursday, May 1st. The company reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.40). The business had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.25 billion. Hilton Grand Vacations had a net margin of 2.01% and a return on equity of 16.44%. Hilton Grand Vacations’s quarterly revenue was down .7% on a year-over-year basis. During the same quarter last year, the company earned $0.95 earnings per share. Research analysts anticipate that Hilton Grand Vacations will post 3.39 EPS for the current fiscal year.

Institutional Investors Weigh In On Hilton Grand Vacations

Institutional investors and hedge funds have recently made changes to their positions in the stock. Signaturefd LLC increased its holdings in Hilton Grand Vacations by 136.9% in the 1st quarter. Signaturefd LLC now owns 860 shares of the company’s stock valued at $32,000 after purchasing an additional 497 shares during the last quarter. UMB Bank n.a. grew its stake in shares of Hilton Grand Vacations by 106.8% in the first quarter. UMB Bank n.a. now owns 1,065 shares of the company’s stock valued at $40,000 after buying an additional 550 shares in the last quarter. Covestor Ltd grew its stake in shares of Hilton Grand Vacations by 432.4% in the fourth quarter. Covestor Ltd now owns 1,283 shares of the company’s stock valued at $50,000 after buying an additional 1,042 shares in the last quarter. FNY Investment Advisers LLC purchased a new stake in shares of Hilton Grand Vacations in the 1st quarter valued at $73,000. Finally, KBC Group NV lifted its stake in Hilton Grand Vacations by 41.2% during the 4th quarter. KBC Group NV now owns 3,046 shares of the company’s stock worth $119,000 after acquiring an additional 889 shares in the last quarter. 97.23% of the stock is owned by hedge funds and other institutional investors.

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.