Hilton Grand Vacations (NYSE:HGV) Given New $55.00 Price Target at Citizens Jmp

Hilton Grand Vacations (NYSE:HGV) had its price target hoisted by Citizens Jmp from $50.00 to $55.00 in a research report released on Monday morning,Benzinga reports. They currently have a market outperform rating on the stock.

HGV has been the topic of a number of other reports. Zacks Research downgraded shares of Hilton Grand Vacations from a “hold” rating to a “strong sell” rating in a research report on Tuesday, March 3rd. Truist Financial reduced their price objective on shares of Hilton Grand Vacations from $62.00 to $59.00 and set a “buy” rating on the stock in a research note on Friday, November 14th. Jefferies Financial Group upped their target price on shares of Hilton Grand Vacations from $46.00 to $50.00 and gave the company a “hold” rating in a research report on Monday, March 2nd. Mizuho reduced their price target on Hilton Grand Vacations from $73.00 to $69.00 and set an “outperform” rating on the stock in a research report on Friday, February 27th. Finally, Barclays dropped their price objective on Hilton Grand Vacations from $49.00 to $48.00 and set an “equal weight” rating for the company in a report on Monday, March 2nd. Four research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $52.33.

Hilton Grand Vacations Stock Down 0.7%

Shares of NYSE:HGV opened at $43.24 on Monday. Hilton Grand Vacations has a 52 week low of $30.59 and a 52 week high of $52.08. The company has a debt-to-equity ratio of 5.04, a quick ratio of 3.17 and a current ratio of 5.20. The company’s fifty day moving average is $46.16 and its 200-day moving average is $44.38. The company has a market capitalization of $3.52 billion, a PE ratio of 47.52, a P/E/G ratio of 0.60 and a beta of 1.43.

Hilton Grand Vacations (NYSE:HGV) last released 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). The business had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.38 billion. Hilton Grand Vacations had a return on equity of 11.90% and a net margin of 1.60%.The firm’s revenue was up 3.8% on a year-over-year basis. During the same quarter last year, the company earned $0.49 earnings per share. Equities research analysts predict that Hilton Grand Vacations will post 3.39 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Hilton Grand Vacations

Hedge funds and other institutional investors have recently bought and sold shares of the business. Iridian Asset Management LLC CT boosted its holdings in shares of Hilton Grand Vacations by 38.0% during the 3rd quarter. Iridian Asset Management LLC CT now owns 274,055 shares of the company’s stock valued at $11,458,000 after acquiring an additional 75,453 shares during the last quarter. Quantbot Technologies LP bought a new position in Hilton Grand Vacations during the second quarter valued at approximately $1,774,000. Assenagon Asset Management S.A. grew its position in Hilton Grand Vacations by 2,637.2% in the 3rd quarter. Assenagon Asset Management S.A. now owns 221,932 shares of the company’s stock worth $9,279,000 after purchasing an additional 213,824 shares during the period. JPMorgan Chase & Co. raised its stake in Hilton Grand Vacations by 19.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 237,836 shares of the company’s stock valued at $9,944,000 after buying an additional 37,907 shares during the last quarter. Finally, Close Asset Management Ltd increased its position in Hilton Grand Vacations by 15.7% during the third quarter. Close Asset Management Ltd now owns 1,239,840 shares of the company’s stock valued at $51,832,000 after acquiring an additional 168,160 shares during the last quarter. 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.