Morgan Stanley Boosts Hilton Grand Vacations (NYSE:HGV) Price Target to $58.00

Hilton Grand Vacations (NYSE:HGV) had its price objective lifted by research analysts at Morgan Stanley from $55.00 to $58.00 in a research note issued to investors on Friday,Benzinga reports. The firm currently has an “equal weight” rating on the stock. Morgan Stanley’s target price would indicate a potential upside of 16.12% from the company’s previous close.

A number of other brokerages have also issued reports on HGV. Weiss Ratings reiterated a “hold (c)” rating on shares of Hilton Grand Vacations in a research note on Friday, May 29th. Zacks Research lowered Hilton Grand Vacations from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 9th. The Goldman Sachs Group raised Hilton Grand Vacations from a “sell” rating to a “neutral” rating and set a $55.00 price objective on the stock in a report on Monday, June 1st. Wells Fargo & Company cut their target price on Hilton Grand Vacations from $49.00 to $47.00 and set an “equal weight” rating for the company in a research note on Thursday, April 16th. Finally, Truist Financial increased their target price on Hilton Grand Vacations from $67.00 to $71.00 and gave the stock a “buy” rating in a research note on Monday, May 18th. Four equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $57.22.

Hilton Grand Vacations Stock Performance

Shares of HGV opened at $49.95 on Friday. The company has a debt-to-equity ratio of 5.41, a quick ratio of 2.64 and a current ratio of 4.33. The stock has a market capitalization of $3.96 billion, a P/E ratio of 26.71, a P/E/G ratio of 0.44 and a beta of 1.51. The company’s fifty day moving average is $50.29 and its two-hundred day moving average is $46.89. Hilton Grand Vacations has a 1 year low of $36.79 and a 1 year high of $55.40.

Hilton Grand Vacations (NYSE:HGV) last announced its quarterly earnings data on Thursday, April 30th. The company reported $0.99 EPS for the quarter, topping analysts’ consensus estimates of $0.56 by $0.43. The company had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.27 billion. Hilton Grand Vacations had a net margin of 3.16% and a return on equity of 17.62%. Hilton Grand Vacations’s quarterly revenue was up 11.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.09 EPS. On average, sell-side analysts predict that Hilton Grand Vacations will post 5.11 earnings per share for the current year.

Insider Activity

In related news, insider Carlos Hernandez sold 5,595 shares of the firm’s stock in a transaction dated Tuesday, May 19th. The shares were sold at an average price of $46.69, for a total value of $261,230.55. Following the completion of the sale, the insider owned 14,080 shares in the company, valued at $657,395.20. This trade represents a 28.44% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Charles R. Jr. Corbin sold 32,907 shares of the business’s stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $47.66, for a total transaction of $1,568,347.62. Following the sale, the insider directly owned 68,615 shares in the company, valued at approximately $3,270,190.90. This represents a 32.41% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 229,315 shares of company stock worth $11,738,497 in the last 90 days. 3.10% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Hilton Grand Vacations

Several institutional investors have recently modified their holdings of the company. Handelsbanken Fonder AB grew its holdings in shares of Hilton Grand Vacations by 4.7% in the 2nd quarter. Handelsbanken Fonder AB now owns 22,209 shares of the company’s stock worth $1,163,000 after acquiring an additional 1,000 shares during the period. Hennion & Walsh Asset Management Inc. increased its stake in Hilton Grand Vacations by 28.2% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 12,625 shares of the company’s stock valued at $661,000 after purchasing an additional 2,775 shares in the last quarter. Bank of America Corp DE raised its holdings in Hilton Grand Vacations by 411.4% during the first quarter. Bank of America Corp DE now owns 566,855 shares of the company’s stock worth $22,175,000 after purchasing an additional 456,008 shares during the last quarter. Amundi raised its holdings in Hilton Grand Vacations by 214.2% during the first quarter. Amundi now owns 20,490 shares of the company’s stock worth $802,000 after purchasing an additional 13,969 shares during the last quarter. Finally, California State Teachers Retirement System boosted its position in Hilton Grand Vacations by 20.6% during the first quarter. California State Teachers Retirement System now owns 69,769 shares of the company’s stock worth $2,729,000 after purchasing an additional 11,932 shares in 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.