Jefferies Financial Group Downgrades Hilton Grand Vacations (NYSE:HGV) to Hold

Hilton Grand Vacations (NYSE:HGV) was downgraded by equities research analysts at Jefferies Financial Group from a “buy” rating to a “hold” rating in a report issued on Friday, Marketbeat.com reports. They currently have a $35.00 price target on the stock, down from their prior price target of $55.00. Jefferies Financial Group’s target price would suggest a potential upside of 1.24% from the company’s previous close.

A number of other brokerages have also issued reports on HGV. Truist Financial raised their target price on shares of Hilton Grand Vacations from $70.00 to $71.00 and gave the stock a “buy” rating in a research report on Tuesday, May 28th. JPMorgan Chase & Co. began coverage on Hilton Grand Vacations in a report on Monday, April 15th. They set an “overweight” rating and a $59.00 price target on the stock. Three research 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 stock presently has a consensus rating of “Moderate Buy” and an average target price of $50.43.

Hilton Grand Vacations Stock Down 2.6 %

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

Hilton Grand Vacations (NYSE:HGV) last posted its earnings results on Thursday, August 8th. The company reported $0.62 earnings per share for the quarter, missing the consensus estimate of $0.89 by ($0.27). Hilton Grand Vacations had a return on equity of 19.41% and a net margin of 5.62%. The business had revenue of $1.24 billion for the quarter, compared to analysts’ expectations of $1.33 billion. During the same quarter in the previous year, the firm earned $0.85 EPS. Hilton Grand Vacations’s revenue for the quarter was up 22.6% compared to the same quarter last year. Research analysts predict that Hilton Grand Vacations will post 3.95 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Hilton Grand Vacations

Several institutional investors have recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in Hilton Grand Vacations by 1.0% during the 1st quarter. Vanguard Group Inc. now owns 7,546,080 shares of the company’s stock valued at $356,250,000 after buying an additional 77,934 shares during the last quarter. Parsifal Capital Management LP lifted its holdings in Hilton Grand Vacations by 6.0% in the 4th quarter. Parsifal Capital Management LP now owns 3,984,755 shares of the company’s stock worth $160,107,000 after buying an additional 225,893 shares in the last quarter. Franklin Resources Inc. increased its position in shares of Hilton Grand Vacations by 6.9% during the fourth quarter. Franklin Resources Inc. now owns 3,037,372 shares of the company’s stock worth $122,042,000 after acquiring an additional 195,485 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Hilton Grand Vacations by 9.1% in the second quarter. Dimensional Fund Advisors LP now owns 1,953,170 shares of the company’s stock worth $78,961,000 after buying an additional 162,459 shares during the last quarter. Finally, Norges Bank bought a new stake in shares of Hilton Grand Vacations in the 4th quarter worth approximately $23,383,000. Hedge funds and other institutional investors own 97.23% of the company’s stock.

About Hilton Grand Vacations

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.