Jefferies Financial Group Forecasts Strong Price Appreciation for Hilton Grand Vacations (NYSE:HGV) Stock

Hilton Grand Vacations (NYSE:HGV) had its price target hoisted by investment analysts at Jefferies Financial Group from $46.00 to $50.00 in a research report issued on Monday,Benzinga reports. The firm currently has a “hold” rating on the stock. Jefferies Financial Group’s price target would indicate a potential upside of 12.79% from the company’s previous close.

A number of other equities analysts have also weighed in on the stock. Morgan Stanley restated an “equal weight” rating and set a $49.00 target price on shares of Hilton Grand Vacations in a research report on Friday, January 16th. Wells Fargo & Company initiated coverage on shares of Hilton Grand Vacations in a report on Tuesday, November 18th. They issued an “equal weight” rating and a $42.00 price target on the stock. Barclays dropped their price objective on shares of Hilton Grand Vacations from $49.00 to $48.00 and set an “equal weight” rating for the company in a report on Monday. Weiss Ratings upgraded Hilton Grand Vacations from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, February 17th. Finally, Mizuho reduced their target price on Hilton Grand Vacations from $73.00 to $69.00 and set an “outperform” rating on the stock in a report on Friday, February 27th. Four equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Hilton Grand Vacations currently has a consensus rating of “Hold” and a consensus price target of $51.78.

Hilton Grand Vacations Stock Performance

NYSE:HGV opened at $44.33 on Monday. The stock has a 50-day moving average price of $46.23 and a 200 day moving average price of $44.37. The stock has a market capitalization of $3.61 billion, a P/E ratio of 48.71, a P/E/G ratio of 0.93 and a beta of 1.43. Hilton Grand Vacations has a 12-month low of $30.59 and a 12-month high of $52.08. The company has a current ratio of 5.20, a quick ratio of 3.17 and a debt-to-equity ratio of 5.04.

Hilton Grand Vacations (NYSE:HGV) last posted its quarterly earnings results on Thursday, February 26th. The company reported $0.88 EPS 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 period in the prior year, the firm posted $0.49 earnings per share. The firm’s revenue for the quarter was up 3.8% on a year-over-year basis. Equities research analysts forecast that Hilton Grand Vacations will post 3.39 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Bard Associates Inc. purchased a new position in Hilton Grand Vacations in the fourth quarter worth about $29,000. EverSource Wealth Advisors LLC boosted its holdings in shares of Hilton Grand Vacations by 743.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 641 shares of the company’s stock worth $27,000 after purchasing an additional 565 shares during the period. Nomura Asset Management Co. Ltd. boosted its holdings in shares of Hilton Grand Vacations by 136.8% in the 2nd quarter. Nomura Asset Management Co. Ltd. now owns 900 shares of the company’s stock worth $37,000 after purchasing an additional 520 shares during the period. GAMMA Investing LLC increased its position in shares of Hilton Grand Vacations by 60.6% during the 4th quarter. GAMMA Investing LLC now owns 925 shares of the company’s stock valued at $41,000 after purchasing an additional 349 shares during the last quarter. Finally, Kestra Advisory Services LLC purchased a new stake in Hilton Grand Vacations during the 4th quarter valued at $44,000. Institutional investors own 97.23% of the company’s stock.

About Hilton Grand Vacations

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.