Barclays Lowers Hilton Grand Vacations (NYSE:HGV) Price Target to $48.00

Hilton Grand Vacations (NYSE:HGV) had its price target reduced by research analysts at Barclays from $49.00 to $48.00 in a report issued on Monday,Benzinga reports. The firm presently has an “equal weight” rating on the stock. Barclays‘s price target indicates a potential upside of 8.28% from the company’s current price.

A number of other research analysts have also weighed in on the company. Zacks Research raised Hilton Grand Vacations from a “strong sell” rating to a “hold” rating in a research report on Monday, December 22nd. Mizuho cut their target price on Hilton Grand Vacations from $73.00 to $69.00 and set an “outperform” rating on the stock in a research note on Friday, February 27th. Wells Fargo & Company initiated coverage on Hilton Grand Vacations in a report on Tuesday, November 18th. They set an “equal weight” rating and a $42.00 price target for the company. The Goldman Sachs Group reiterated a “sell” rating and issued a $40.00 price target on shares of Hilton Grand Vacations in a research note on Thursday, February 26th. Finally, Weiss Ratings raised shares of Hilton Grand Vacations from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, February 17th. Four analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Hilton Grand Vacations presently has a consensus rating of “Hold” and a consensus target price of $51.78.

Hilton Grand Vacations Trading Up 2.8%

Shares of NYSE HGV opened at $44.33 on Monday. Hilton Grand Vacations has a 1 year low of $30.59 and a 1 year high of $52.08. The company has a debt-to-equity ratio of 5.04, a current ratio of 5.20 and a quick ratio of 3.17. The firm has a 50-day moving average of $46.23 and a 200 day moving average of $44.37. The stock has a market cap of $3.61 billion, a P/E ratio of 48.71, a price-to-earnings-growth ratio of 0.93 and a beta of 1.43.

Hilton Grand Vacations (NYSE:HGV) last announced its quarterly earnings data on Thursday, February 26th. The company reported $0.88 earnings per share for the quarter, missing analysts’ consensus estimates of $1.05 by ($0.17). Hilton Grand Vacations had a return on equity of 11.90% and a net margin of 1.60%.The business had revenue of $1.33 billion during the quarter, compared to analysts’ expectations of $1.38 billion. During the same quarter last year, the company posted $0.49 EPS. Hilton Grand Vacations’s revenue for the quarter was up 3.8% compared to the same quarter last year. As a group, sell-side analysts expect that Hilton Grand Vacations will post 3.39 EPS for the current fiscal year.

Hedge Funds Weigh In On Hilton Grand Vacations

A number of hedge funds have recently bought and sold shares of the business. Iridian Asset Management LLC CT raised its holdings in shares of Hilton Grand Vacations by 38.0% during the third quarter. Iridian Asset Management LLC CT now owns 274,055 shares of the company’s stock valued at $11,458,000 after purchasing an additional 75,453 shares during the last quarter. Quantbot Technologies LP bought a new stake in Hilton Grand Vacations in the 2nd quarter worth approximately $1,774,000. Assenagon Asset Management S.A. raised its stake in Hilton Grand Vacations by 2,637.2% during the 3rd quarter. Assenagon Asset Management S.A. now owns 221,932 shares of the company’s stock valued at $9,279,000 after buying an additional 213,824 shares during the last quarter. Close Asset Management Ltd lifted its holdings in shares of Hilton Grand Vacations by 15.7% during the 3rd quarter. Close Asset Management Ltd now owns 1,239,840 shares of the company’s stock valued at $51,832,000 after buying an additional 168,160 shares during the period. Finally, North Peak Capital Management LLC boosted its stake in shares of Hilton Grand Vacations by 11.3% in the 2nd quarter. North Peak Capital Management LLC now owns 6,810,126 shares of the company’s stock worth $282,825,000 after buying an additional 693,495 shares during the last quarter. Hedge funds and other institutional investors own 97.23% of the company’s stock.

Hilton Grand Vacations Company Profile

Hilton Grand Vacations Inc is a leading developer and marketer of premium vacation ownership resorts. The company specializes in selling timeshare interests in vacation properties under the Hilton Grand Vacations brand, enabling members to purchase deeded real estate interests and utilize a points-based system for booking stays. Alongside new sales, the company provides ongoing management services for its portfolio of resorts, ensuring high standards of guest services, resort maintenance, and member engagement through its proprietary technology platform.

In addition to vacation ownership sales, Hilton Grand Vacations offers a comprehensive suite of membership benefits.