JMP Securities Cuts Hilton Grand Vacations (NYSE:HGV) Price Target to $50.00

Hilton Grand Vacations (NYSE:HGV) had its price target decreased by JMP Securities from $55.00 to $50.00 in a research note issued to investors on Wednesday morning,Benzinga reports. JMP Securities currently has a market outperform rating on the stock.

Other equities analysts have also recently issued reports about the stock. Mizuho lowered their price target on shares of Hilton Grand Vacations from $57.00 to $55.00 and set an “outperform” rating on the stock in a research note on Tuesday, November 12th. StockNews.com raised shares of Hilton Grand Vacations from a “sell” rating to a “hold” rating in a report on Wednesday, November 27th. Barclays reissued an “equal weight” rating and set a $41.00 price target (down previously from $44.00) on shares of Hilton Grand Vacations in a research note on Friday, December 13th. Truist Financial lowered their price target on Hilton Grand Vacations from $52.00 to $51.00 and set a “buy” rating on the stock in a report on Tuesday, November 26th. Finally, The Goldman Sachs Group lifted their price objective on Hilton Grand Vacations from $33.00 to $37.00 and gave the stock a “sell” rating in a report on Tuesday, December 10th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $43.57.

Hilton Grand Vacations Stock Performance

NYSE HGV traded up $0.79 during trading hours on Wednesday, hitting $38.77. 281,230 shares of the stock were exchanged, compared to its average volume of 789,968. The company has a quick ratio of 3.08, a current ratio of 4.83 and a debt-to-equity ratio of 3.32. The company has a market cap of $3.82 billion, a price-to-earnings ratio of 44.06, a price-to-earnings-growth ratio of 2.25 and a beta of 1.85. Hilton Grand Vacations has a 12-month low of $33.21 and a 12-month high of $49.02. The stock has a 50-day moving average of $39.95 and a 200 day moving average of $39.24.

Hilton Grand Vacations (NYSE:HGV) last posted its quarterly 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). Hilton Grand Vacations had a net margin of 2.01% and a return on equity of 16.44%. The business had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.29 billion. During the same period in the prior year, the business earned $0.98 earnings per share. The firm’s quarterly revenue was up 28.3% compared to the same quarter last year. As a group, equities research analysts forecast that Hilton Grand Vacations will post 3.43 earnings per share for the current year.

Insiders Place Their Bets

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

Hedge Funds Weigh In On Hilton Grand Vacations

A number of large investors have recently bought and sold shares of the stock. Reston Wealth Management LLC purchased a new position in shares of Hilton Grand Vacations in the 3rd quarter worth about $25,000. nVerses Capital LLC purchased a new position in Hilton Grand Vacations in the second quarter valued at approximately $32,000. Blue Trust Inc. grew its stake in Hilton Grand Vacations by 141.7% during the third quarter. Blue Trust Inc. now owns 1,003 shares of the company’s stock worth $36,000 after buying an additional 588 shares during the period. Canada Pension Plan Investment Board acquired a new stake in shares of Hilton Grand Vacations in the second quarter worth $93,000. Finally, Ashton Thomas Private Wealth LLC purchased a new position in shares of Hilton Grand Vacations in the 2nd quarter valued at $120,000. Hedge funds and other 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.