Hilton Grand Vacations Inc (NYSE:HGV) Receives $36.20 Average Price Target from Brokerages

Shares of Hilton Grand Vacations Inc (NYSE:HGV) have received a consensus recommendation of “Hold” from the nine brokerages that are presently covering the firm, Marketbeat reports. Three research analysts have rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $37.75.

Several brokerages recently weighed in on HGV. Nomura restated a “neutral” rating on shares of Hilton Grand Vacations in a research note on Thursday, August 1st. Zacks Investment Research downgraded Hilton Grand Vacations from a “buy” rating to a “sell” rating in a research note on Wednesday. JPMorgan Chase & Co. downgraded Hilton Grand Vacations from a “neutral” rating to an “underweight” rating and decreased their target price for the company from $30.00 to $24.00 in a research note on Friday, August 2nd. ValuEngine downgraded Hilton Grand Vacations from a “hold” rating to a “sell” rating in a research note on Thursday, August 1st. Finally, TheStreet cut Hilton Grand Vacations from a “b-” rating to a “c” rating in a report on Tuesday, May 7th.

In other news, insider Barbara L. Hollkamp sold 2,000 shares of the stock in a transaction that occurred on Monday, June 10th. The stock was sold at an average price of $27.76, for a total value of $55,520.00. Following the completion of the transaction, the insider now directly owns 53,547 shares of the company’s stock, valued at approximately $1,486,464.72. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Leonard Potter bought 10,000 shares of the company’s stock in a transaction dated Monday, May 13th. The stock was bought at an average cost of $27.50 per share, with a total value of $275,000.00. Following the completion of the acquisition, the director now owns 72,348 shares in the company, valued at approximately $1,989,570. The disclosure for this purchase can be found here. Corporate insiders own 1.05% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of the company. Rhumbline Advisers raised its holdings in shares of Hilton Grand Vacations by 0.6% in the 1st quarter. Rhumbline Advisers now owns 94,016 shares of the company’s stock worth $2,900,000 after buying an additional 594 shares in the last quarter. California State Teachers Retirement System raised its holdings in shares of Hilton Grand Vacations by 0.5% in the 1st quarter. California State Teachers Retirement System now owns 153,013 shares of the company’s stock worth $4,720,000 after buying an additional 693 shares in the last quarter. Pittenger & Anderson Inc. acquired a new position in shares of Hilton Grand Vacations in the 1st quarter worth approximately $30,000. Charles Schwab Investment Management Inc. raised its holdings in shares of Hilton Grand Vacations by 0.3% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 511,197 shares of the company’s stock worth $16,267,000 after buying an additional 1,412 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System raised its holdings in shares of Hilton Grand Vacations by 1.6% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 93,684 shares of the company’s stock worth $2,890,000 after buying an additional 1,450 shares in the last quarter.

NYSE:HGV traded down $0.48 during mid-day trading on Tuesday, hitting $26.73. 1,770,293 shares of the company’s stock traded hands, compared to its average volume of 2,150,766. The firm’s 50 day moving average price is $30.98. Hilton Grand Vacations has a 12 month low of $24.17 and a 12 month high of $33.99. The company has a market capitalization of $2.34 billion, a price-to-earnings ratio of 8.76, a price-to-earnings-growth ratio of 1.37 and a beta of 2.04. The company has a quick ratio of 3.50, a current ratio of 4.77 and a debt-to-equity ratio of 3.80.

Hilton Grand Vacations (NYSE:HGV) last announced its earnings results on Thursday, August 1st. The company reported $0.43 earnings per share for the quarter, missing the consensus estimate of $0.44 by ($0.01). Hilton Grand Vacations had a net margin of 12.92% and a return on equity of 46.30%. The business had revenue of $454.00 million for the quarter, compared to the consensus estimate of $454.44 million. During the same quarter in the previous year, the company earned $1.10 EPS. Hilton Grand Vacations’s revenue for the quarter was down 19.4% compared to the same quarter last year. On average, equities analysts forecast that Hilton Grand Vacations will post 2.21 earnings per share for the current year.

About Hilton Grand Vacations

Hilton Grand Vacations Inc, a timeshare company, develops, markets, and operates vacation ownership resorts primarily under the Hilton Grand Vacations brand. The company operates in two segments, Real Estate Sales and Financing, and Resort Operations and Club Management. It sells vacation ownership intervals; manages resorts; operates a points-based vacation club; and finances and services loans provided to consumers for their timeshare purchases.

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Analyst Recommendations for Hilton Grand Vacations (NYSE:HGV)

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