Hilton Grand Vacations (NYSE:HGV) Price Target Lowered to $57.00 at Mizuho

Hilton Grand Vacations (NYSE:HGV) had its target price reduced by Mizuho from $63.00 to $57.00 in a report published on Friday morning, Benzinga reports. They currently have an outperform rating on the stock.

Several other research firms have also commented on HGV. Jefferies Financial Group lowered shares of Hilton Grand Vacations from a buy rating to a hold rating and cut their price target for the company from $55.00 to $35.00 in a report on Friday. JPMorgan Chase & Co. assumed coverage on shares of Hilton Grand Vacations in a research note on Monday, April 15th. They set an overweight rating and a $59.00 price objective on the stock. Finally, Truist Financial raised their target price on Hilton Grand Vacations from $70.00 to $71.00 and gave the company a buy rating in a research note on Tuesday, May 28th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of Moderate Buy and a consensus price target of $50.43.

Hilton Grand Vacations Price Performance

Shares of HGV traded up $0.25 on Friday, reaching $34.82. The stock had a trading volume of 219,130 shares, compared to its average volume of 746,276. Hilton Grand Vacations has a twelve month low of $33.13 and a twelve month high of $49.02. The company has a quick ratio of 3.11, a current ratio of 4.44 and a debt-to-equity ratio of 3.09. The firm has a 50-day moving average of $40.61 and a 200 day moving average of $42.81. The firm has a market capitalization of $3.61 billion, a PE ratio of 16.39, a PEG ratio of 1.76 and a beta of 1.83.

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

Institutional Investors Weigh In On Hilton Grand Vacations

A number of institutional investors have recently bought and sold shares of the business. State of Michigan Retirement System raised its position in Hilton Grand Vacations by 2.3% during the first quarter. State of Michigan Retirement System now owns 17,500 shares of the company’s stock valued at $826,000 after acquiring an additional 400 shares in the last quarter. Louisiana State Employees Retirement System lifted its position in Hilton Grand Vacations by 2.5% during the 1st quarter. Louisiana State Employees Retirement System now owns 20,500 shares of the company’s stock worth $968,000 after acquiring an additional 500 shares during the last quarter. Janney Montgomery Scott LLC lifted its position in shares of Hilton Grand Vacations by 4.4% during the 1st quarter. Janney Montgomery Scott LLC now owns 12,330 shares of the company’s stock worth $582,000 after purchasing an additional 523 shares during the last quarter. ProShare Advisors LLC boosted its position in shares of Hilton Grand Vacations by 3.5% in the first quarter. ProShare Advisors LLC now owns 17,661 shares of the company’s stock valued at $834,000 after acquiring an additional 596 shares during the period. Finally, nVerses Capital LLC bought a new stake in Hilton Grand Vacations in the 2nd quarter valued at $32,000. 97.23% of the stock is currently owned by institutional investors and hedge funds.

Hilton Grand Vacations Company Profile

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.