Truist Financial Issues Pessimistic Forecast for Hilton Grand Vacations (NYSE:HGV) Stock Price

Hilton Grand Vacations (NYSE:HGV) had its price target reduced by equities research analysts at Truist Financial from $52.00 to $51.00 in a note issued to investors on Tuesday,Benzinga reports. The firm presently has a “buy” rating on the stock. Truist Financial’s price objective indicates a potential upside of 22.18% from the company’s current price.

HGV has been the subject of a number of other research reports. Mizuho cut their price target on Hilton Grand Vacations from $57.00 to $55.00 and set an “outperform” rating for the company in a research note on Tuesday, November 12th. Barclays lifted their price target on Hilton Grand Vacations from $40.00 to $44.00 and gave the company an “overweight” rating in a research note on Friday, November 8th. Jefferies Financial Group downgraded 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 research note on Friday, August 9th. JPMorgan Chase & Co. cut shares of Hilton Grand Vacations from an “overweight” rating to a “neutral” rating and dropped their target price for the stock from $55.00 to $36.00 in a research report on Friday, August 9th. Finally, StockNews.com cut shares of Hilton Grand Vacations from a “hold” rating to a “sell” rating in a research report on Monday, August 12th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Hilton Grand Vacations presently has a consensus rating of “Hold” and a consensus price target of $43.86.

Hilton Grand Vacations Stock Performance

Shares of HGV opened at $41.74 on Tuesday. The company has a debt-to-equity ratio of 3.32, a current ratio of 4.83 and a quick ratio of 3.08. The stock has a 50-day moving average of $38.65 and a 200-day moving average of $39.31. The company has a market cap of $4.11 billion, a PE ratio of 47.43, a P/E/G ratio of 2.40 and a beta of 1.82. Hilton Grand Vacations has a one year low of $33.21 and a one year high of $49.02.

Hilton Grand Vacations (NYSE:HGV) last issued its earnings results on Thursday, November 7th. The company reported $0.67 EPS for the quarter, missing the consensus estimate of $0.70 by ($0.03). The firm had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.29 billion. Hilton Grand Vacations had a net margin of 2.01% and a return on equity of 16.44%. The business’s quarterly revenue was up 28.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.98 earnings per share. On average, equities research analysts predict that Hilton Grand Vacations will post 3.49 EPS for the current fiscal year.

Insider Buying and Selling

In related news, major shareholder Principal Holdings A. Gp Apollo sold 4,000,000 shares of Hilton Grand Vacations stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $42.10, for a total value of $168,400,000.00. Following the sale, the insider now owns 26,295,825 shares of the company’s stock, valued at approximately $1,107,054,232.50. The trade was a 13.20 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Charles R. Jr. Corbin sold 49,389 shares of Hilton Grand Vacations stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $41.55, for a total transaction of $2,052,112.95. Following the completion of the sale, the insider now directly owns 88,532 shares in the company, valued at $3,678,504.60. This trade represents a 35.81 % decrease in their position. The disclosure for this sale can be found here. 2.30% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Hilton Grand Vacations

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Franklin Resources Inc. raised its holdings in Hilton Grand Vacations by 17.8% during the 3rd quarter. Franklin Resources Inc. now owns 3,298,729 shares of the company’s stock valued at $117,402,000 after acquiring an additional 499,067 shares during the period. FMR LLC raised its holdings in Hilton Grand Vacations by 39.0% during the 3rd quarter. FMR LLC now owns 3,271,387 shares of the company’s stock valued at $118,817,000 after acquiring an additional 917,397 shares during the period. Millennium Management LLC grew its position in shares of Hilton Grand Vacations by 44.5% during the 2nd quarter. Millennium Management LLC now owns 2,269,405 shares of the company’s stock valued at $91,752,000 after purchasing an additional 698,664 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of Hilton Grand Vacations by 9.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,953,170 shares of the company’s stock valued at $78,961,000 after purchasing an additional 162,459 shares in the last quarter. Finally, Long Pond Capital LP grew its position in shares of Hilton Grand Vacations by 218.0% during the 2nd quarter. Long Pond Capital LP now owns 1,200,920 shares of the company’s stock valued at $48,553,000 after purchasing an additional 823,228 shares in the last quarter. Institutional investors own 97.23% of the company’s stock.

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.