Hilton Grand Vacations Inc. (NYSE:HGV) Stock Has Consensus Price Target of $54.67 According to Analysts

Shares of Hilton Grand Vacations Inc. (NYSE:HGV) have earned a consensus rating of “Hold” from the twelve brokerages that are currently covering the company, Marketbeat Ratings reports. Eight analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $54.67.

A number of analysts have recently weighed in on the company. Susquehanna started coverage on Hilton Grand Vacations in a research report on Tuesday, August 18th. They issued a “neutral” rating and a $50.00 price objective for the company. Morgan Stanley decreased their price target on Hilton Grand Vacations from $58.00 to $54.00 and set an “equal weight” rating for the company in a research note on Tuesday, August 18th. Barclays dropped their price target on Hilton Grand Vacations from $51.00 to $46.00 and set an “equal weight” rating on the stock in a research note on Friday, July 31st. Citigroup reaffirmed a “market outperform” rating on shares of Hilton Grand Vacations in a research report on Friday, September 4th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Hilton Grand Vacations in a research report on Wednesday, August 26th.

Hilton Grand Vacations Stock Up 0.1%

Shares of Hilton Grand Vacations stock opened at $35.81 on Tuesday. The company has a quick ratio of 3.20, a current ratio of 5.02 and a debt-to-equity ratio of 6.18. The company has a market cap of $2.78 billion, a P/E ratio of 20.23, a PEG ratio of 0.35 and a beta of 1.50. The firm’s 50 day moving average price is $43.06 and its 200-day moving average price is $45.86. Hilton Grand Vacations has a 52-week low of $34.61 and a 52-week high of $55.40.

Hilton Grand Vacations (NYSE:HGV) last posted its earnings results on Thursday, July 30th. The company reported $0.89 EPS for the quarter, missing analysts’ consensus estimates of $0.94 by ($0.05). Hilton Grand Vacations had a net margin of 2.86% and a return on equity of 20.40%. The firm had revenue of $1.36 billion for the quarter, compared to analysts’ expectations of $1.38 billion. During the same period in the previous year, the company earned $0.54 EPS. The company’s revenue was up 7.3% on a year-over-year basis. On average, sell-side analysts predict that Hilton Grand Vacations will post 4.61 EPS for the current fiscal year.

Hilton Grand Vacations announced that its Board of Directors has authorized a share repurchase plan on Thursday, August 20th that authorizes the company to buyback $600.00 million in outstanding shares. This buyback authorization authorizes the company to purchase up to 17% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s board of directors believes its shares are undervalued.

Insider Buying and Selling at Hilton Grand Vacations

In related news, insider Charles Corbin, Jr. sold 20,691 shares of the company’s stock in a transaction on Thursday, August 6th. The stock was sold at an average price of $46.90, for a total value of $970,407.90. Following the transaction, the insider directly owned 47,924 shares of the company’s stock, valued at $2,247,635.60. This represents a 30.16% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 3.10% of the stock is owned by company insiders.

Institutional Trading of Hilton Grand Vacations

Large investors have recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new position in shares of Hilton Grand Vacations in the second quarter worth about $422,842,000. Dimensional Fund Advisors LP raised its position in Hilton Grand Vacations by 1.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,869,731 shares of the company’s stock worth $151,375,000 after buying an additional 60,624 shares during the last quarter. Parsifal Capital Management LP purchased a new position in Hilton Grand Vacations during the 2nd quarter worth approximately $108,863,038. Geode Capital Management LLC lifted its stake in Hilton Grand Vacations by 1.7% during the 4th quarter. Geode Capital Management LLC now owns 1,472,796 shares of the company’s stock valued at $65,919,000 after acquiring an additional 25,020 shares during the period. Finally, TrinityBridge Ltd acquired a new stake in Hilton Grand Vacations during the 2nd quarter valued at approximately $52,540,000. Hedge funds and other institutional investors own 97.23% of the company’s stock.

About Hilton Grand Vacations

Hilton Grand Vacations Inc (NYSE:HGV) is a vacation ownership company that develops, markets, sells and manages timeshare interests and related vacation experiences. Its products generally provide members with an allotment of vacation time or points that can be used at participating resorts and accommodations.

The company serves vacation owners through resort properties and membership programs under brands including Hilton Grand Vacations, The Hilton Club and HGV Max. Its offerings may include access to resort accommodations, exchange programs, travel services and other member benefits.