Zacks: Analysts Set $19.67 Price Target for Bluegreen Vacations Co. (BXG)

Bluegreen Vacations Co. (NYSE:BXG) has been given a consensus broker rating score of 1.00 (Strong Buy) from the three brokers that provide coverage for the company, Zacks Investment Research reports. Three research analysts have rated the stock with a strong buy recommendation.

Brokerages have set a 12 month consensus price objective of $19.67 for the company and are predicting that the company will post $0.26 EPS for the current quarter, according to Zacks. Zacks has also assigned Bluegreen Vacations an industry rank of 128 out of 265 based on the ratings given to its competitors.

Several research analysts recently issued reports on BXG shares. SunTrust Banks started coverage on shares of Bluegreen Vacations in a research report on Tuesday, December 12th. They issued a “buy” rating and a $19.00 target price for the company. Bank of America started coverage on shares of Bluegreen Vacations in a research report on Tuesday, December 12th. They issued a “buy” rating and a $20.00 target price for the company. Stifel Nicolaus started coverage on shares of Bluegreen Vacations in a research report on Tuesday, December 12th. They issued a “buy” rating and a $18.00 target price for the company. Finally, Zacks Investment Research upgraded shares of Bluegreen Vacations from a “hold” rating to a “buy” rating and set a $20.00 target price for the company in a research report on Tuesday.

Bluegreen Vacations (BXG) opened at $17.95 on Wednesday. Bluegreen Vacations has a 1 year low of $12.50 and a 1 year high of $19.89. The company has a debt-to-equity ratio of 1.86, a current ratio of 8.55 and a quick ratio of 6.14.

The business also recently announced a quarterly dividend, which was paid on Tuesday, January 23rd. Investors of record on Tuesday, January 16th were given a $0.15 dividend. The ex-dividend date was Friday, January 12th. This represents a $0.60 annualized dividend and a yield of 3.34%.

In other Bluegreen Vacations news, major shareholder Bbx Capital Corp sold 2,761,925 shares of the business’s stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $14.00, for a total value of $38,666,950.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Susan Saturday purchased 3,000 shares of the stock in a transaction on Tuesday, November 21st. The stock was acquired at an average cost of $14.00 per share, with a total value of $42,000.00. The disclosure for this purchase can be found here. Insiders purchased 12,000 shares of company stock valued at $167,020 over the last quarter.

An institutional investor recently bought a new position in Bluegreen Vacations stock. State of Wisconsin Investment Board purchased a new position in Bluegreen Vacations Co. (NYSE:BXG) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 250,000 shares of the company’s stock, valued at approximately $4,565,000. State of Wisconsin Investment Board owned about 0.33% of Bluegreen Vacations as of its most recent SEC filing.

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Bluegreen Vacations Company Profile

Bluegreen Corporation operates as a sales, marketing, and management company focusing on the vacation ownership industry in the United States. The company markets, sells, and manages vacation ownership interests (VOIs) in resorts that are developed or acquired by the company, or developed and owned by others.

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