Hilton Grand Vacations (NYSE:HGV) Given New $42.00 Price Target at The Goldman Sachs Group

Hilton Grand Vacations (NYSE:HGV) had its target price upped by equities researchers at The Goldman Sachs Group from $37.00 to $42.00 in a report issued on Tuesday,Benzinga reports. The brokerage presently has a “sell” rating on the stock. The Goldman Sachs Group’s price target indicates a potential upside of 1.36% from the company’s previous close.

Other analysts also recently issued reports about the stock. Truist Financial decreased their price objective on shares of Hilton Grand Vacations from $52.00 to $51.00 and set a “buy” rating for the company in a report on Tuesday, November 26th. JMP Securities decreased their price target on shares of Hilton Grand Vacations from $55.00 to $50.00 and set a “market outperform” rating for the company in a report on Wednesday, December 18th. Mizuho lifted their price objective on Hilton Grand Vacations from $55.00 to $60.00 and gave the stock an “outperform” rating in a research note on Friday. Barclays boosted their price objective on Hilton Grand Vacations from $41.00 to $45.00 and gave the stock an “equal weight” rating in a research report on Friday. Finally, StockNews.com raised Hilton Grand Vacations from a “sell” rating to a “hold” rating in a report on Saturday. One analyst has rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, Hilton Grand Vacations presently has a consensus rating of “Hold” and a consensus price target of $45.75.

Hilton Grand Vacations Price Performance

Shares of NYSE:HGV opened at $41.44 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 market capitalization of $4.08 billion, a P/E ratio of 47.45, a P/E/G ratio of 2.20 and a beta of 1.85. The business has a 50-day moving average of $40.65 and a two-hundred day moving average of $39.37. Hilton Grand Vacations has a fifty-two week low of $33.21 and a fifty-two week high of $47.81.

Hilton Grand Vacations (NYSE:HGV) last posted its earnings results on Thursday, February 27th. The company reported $0.49 earnings per share for the quarter, missing the consensus estimate of $0.89 by ($0.40). Hilton Grand Vacations had a return on equity of 16.44% and a net margin of 2.01%. The company had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.28 billion. On average, equities research analysts predict that Hilton Grand Vacations will post 3.39 EPS for the current fiscal year.

Institutional Investors Weigh In On Hilton Grand Vacations

Several institutional investors and hedge funds have recently bought and sold shares of the business. Franklin Resources Inc. increased its stake in Hilton Grand Vacations by 17.8% in the third 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. Barclays PLC boosted its holdings in Hilton Grand Vacations by 330.8% during the third quarter. Barclays PLC now owns 246,131 shares of the company’s stock valued at $8,941,000 after purchasing an additional 188,997 shares in the last quarter. Barnett & Company Inc. bought a new stake in shares of Hilton Grand Vacations in the 3rd quarter valued at approximately $1,190,000. PB Investment Partners L.P. raised its holdings in shares of Hilton Grand Vacations by 5.9% in the 4th quarter. PB Investment Partners L.P. now owns 571,414 shares of the company’s stock worth $22,257,000 after buying an additional 31,939 shares in the last quarter. Finally, Covey Capital Advisors LLC lifted its position in shares of Hilton Grand Vacations by 368.8% during the 3rd quarter. Covey Capital Advisors LLC now owns 49,148 shares of the company’s stock worth $1,785,000 after buying an additional 38,664 shares during the period. 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.