Hilton Grand Vacations Inc. (NYSE:HGV) Receives Average Rating of “Hold” from Brokerages

Hilton Grand Vacations Inc. (NYSE:HGV) has received an average rating of “Hold” from the eleven ratings firms that are currently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell rating, five have issued a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $55.2222.

Several equities analysts recently weighed in on HGV shares. Weiss Ratings upgraded shares of Hilton Grand Vacations from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, February 17th. Citizens Jmp increased their price target on shares of Hilton Grand Vacations from $50.00 to $55.00 and gave the company a “market outperform” rating in a research report on Monday, March 9th. Morgan Stanley increased their price target on shares of Hilton Grand Vacations from $49.00 to $55.00 and gave the company an “equal weight” rating in a research report on Friday, April 10th. The Goldman Sachs Group restated a “sell” rating and set a $40.00 price target on shares of Hilton Grand Vacations in a research report on Thursday, February 26th. Finally, Zacks Research upgraded shares of Hilton Grand Vacations from a “hold” rating to a “strong-buy” rating in a research report on Friday, May 1st.

Hilton Grand Vacations Price Performance

HGV opened at $46.04 on Wednesday. The firm has a market cap of $3.67 billion, a P/E ratio of 24.62, a PEG ratio of 0.70 and a beta of 1.49. The firm has a 50-day moving average of $44.00 and a 200 day moving average of $44.14. The company has a debt-to-equity ratio of 5.41, a quick ratio of 2.64 and a current ratio of 4.33. Hilton Grand Vacations has a fifty-two week low of $36.79 and a fifty-two week high of $52.08.

Hilton Grand Vacations (NYSE:HGV) last posted its quarterly earnings results on Thursday, April 30th. The company reported $0.99 earnings per share for the quarter, beating the consensus estimate of $0.56 by $0.43. The company had revenue of $1.29 billion during the quarter, compared to analyst estimates of $1.27 billion. Hilton Grand Vacations had a net margin of 3.16% and a return on equity of 17.62%. The firm’s revenue for the quarter was up 11.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.09 earnings per share. On average, research analysts expect that Hilton Grand Vacations will post 3.03 EPS for the current year.

Hedge Funds Weigh In On Hilton Grand Vacations

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. TFJ Management LLC boosted its position in Hilton Grand Vacations by 17.1% during the third quarter. TFJ Management LLC now owns 266,171 shares of the company’s stock worth $11,129,000 after purchasing an additional 38,780 shares during the period. Iridian Asset Management LLC CT boosted its position in Hilton Grand Vacations by 69.7% during the fourth quarter. Iridian Asset Management LLC CT now owns 464,964 shares of the company’s stock worth $20,807,000 after purchasing an additional 190,909 shares during the period. Tudor Investment Corp ET AL bought a new position in Hilton Grand Vacations during the third quarter worth about $6,956,000. Hudson Bay Capital Management LP bought a new position in Hilton Grand Vacations during the third quarter worth about $2,967,000. Finally, JPMorgan Chase & Co. boosted its position in Hilton Grand Vacations by 19.0% during the third quarter. JPMorgan Chase & Co. now owns 237,836 shares of the company’s stock worth $9,944,000 after purchasing an additional 37,907 shares during the period. 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.