Hilton Grand Vacations (NYSE:HGV) Price Target Lowered to $40.00 at Barclays

Hilton Grand Vacations (NYSE:HGVFree Report) had its price target trimmed by Barclays from $54.00 to $40.00 in a report published on Friday, Benzinga reports. The brokerage currently has an overweight rating on the stock.

A number of other equities analysts have also recently weighed in on the company. Truist Financial lifted their price target on Hilton Grand Vacations from $70.00 to $71.00 and gave the stock a buy rating in a research note on Tuesday, May 28th. JPMorgan Chase & Co. assumed coverage on shares of Hilton Grand Vacations in a research report on Monday, April 15th. They issued an overweight rating and a $59.00 price target for the company. Mizuho lowered their price objective on shares of Hilton Grand Vacations from $63.00 to $57.00 and set an outperform rating on the stock in a research report on Friday. Finally, Jefferies Financial Group lowered Hilton Grand Vacations from a buy rating to a hold rating and reduced their target price for the company from $55.00 to $35.00 in a report on Friday. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of Moderate Buy and a consensus price target of $50.43.

Check Out Our Latest Report on HGV

Hilton Grand Vacations Price Performance

Shares of NYSE HGV traded down $0.94 during midday trading on Friday, reaching $34.57. The company’s stock had a trading volume of 1,904,167 shares, compared to its average volume of 749,721. Hilton Grand Vacations has a one year low of $33.13 and a one year high of $49.02. The company has a market cap of $3.59 billion, a price-to-earnings ratio of 16.31, a price-to-earnings-growth ratio of 1.76 and a beta of 1.83. The company has a 50 day moving average price of $40.61 and a 200 day moving average price of $42.81. The company has a current ratio of 4.44, a quick ratio of 3.11 and a debt-to-equity ratio of 3.09.

Hilton Grand Vacations (NYSE:HGVGet Free Report) last announced its quarterly earnings data on Thursday, August 8th. The company reported $0.62 EPS for the quarter, missing analysts’ consensus estimates of $0.89 by ($0.27). The company had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.33 billion. Hilton Grand Vacations had a net margin of 5.62% and a return on equity of 19.41%. Hilton Grand Vacations’s revenue was up 22.6% on a year-over-year basis. During the same quarter last year, the company posted $0.85 EPS. On average, equities research analysts expect that Hilton Grand Vacations will post 3.95 EPS for the current year.

Institutional Trading of Hilton Grand Vacations

Several hedge funds and other institutional investors have recently modified their holdings of HGV. nVerses Capital LLC acquired a new position in Hilton Grand Vacations in the 2nd quarter worth about $32,000. YHB Investment Advisors Inc. bought a new position in Hilton Grand Vacations during the first quarter valued at approximately $47,000. Ashton Thomas Private Wealth LLC acquired a new stake in Hilton Grand Vacations in the second quarter valued at approximately $120,000. Benjamin Edwards Inc. grew its position in Hilton Grand Vacations by 46.0% in the first quarter. Benjamin Edwards Inc. now owns 3,193 shares of the company’s stock worth $151,000 after acquiring an additional 1,006 shares in the last quarter. Finally, Quest Partners LLC acquired a new position in shares of Hilton Grand Vacations during the 4th quarter worth $142,000. 97.23% of the stock is currently owned by hedge funds and other institutional investors.

Hilton Grand Vacations Company Profile

(Get Free Report)

Hilton Grand Vacations Inc, a timeshare company, develops, markets, sells, manages, and operates the resorts, plans and ancillary reservation services under the Hilton Grand Vacations brand. It operates through Real Estate Sales and Financing, and Resort Operations and Club Management segments. Real Estate Sales and Financing segment market and sells the VOIs, and source VOIs through fee-for-service agreements with third-party developers; and provides consumer financing and services loans.

Further Reading

Analyst Recommendations for Hilton Grand Vacations (NYSE:HGV)

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