The Goldman Sachs Group Lowers Hilton Grand Vacations (NYSE:HGV) Price Target to $30.00

Hilton Grand Vacations (NYSE:HGV) had its target price decreased by The Goldman Sachs Group from $42.00 to $30.00 in a report published on Monday,Benzinga reports. The Goldman Sachs Group currently has a sell rating on the stock.

A number of other equities analysts have also weighed in on HGV. Barclays boosted their price target on shares of Hilton Grand Vacations from $41.00 to $45.00 and gave the stock an “equal weight” rating in a research report on Friday, February 28th. StockNews.com upgraded Hilton Grand Vacations from a “sell” rating to a “hold” rating in a research report on Saturday, March 1st. Truist Financial increased their price target on Hilton Grand Vacations from $51.00 to $63.00 and gave the company a “buy” rating in a report on Friday, March 7th. Mizuho boosted 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, February 28th. Finally, JMP Securities cut their target price on Hilton Grand Vacations from $55.00 to $50.00 and set a “market outperform” rating for the company in a research note on Wednesday, December 18th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, Hilton Grand Vacations currently has an average rating of “Hold” and an average price target of $45.75.

Hilton Grand Vacations Price Performance

Shares of Hilton Grand Vacations stock opened at $33.25 on Monday. The stock has a market capitalization of $3.15 billion, a P/E ratio of 37.78, a PEG ratio of 2.20 and a beta of 1.68. The business has a 50 day simple moving average of $38.52 and a two-hundred day simple moving average of $39.20. Hilton Grand Vacations has a 12 month low of $30.59 and a 12 month high of $45.48. The company has a debt-to-equity ratio of 3.32, a current ratio of 4.83 and a quick ratio of 3.08.

Hilton Grand Vacations (NYSE:HGV) last announced its quarterly earnings data on Thursday, February 27th. The company reported $0.49 earnings per share for the quarter, missing analysts’ consensus estimates of $0.89 by ($0.40). Hilton Grand Vacations had a net margin of 2.01% and a return on equity of 16.44%. The firm had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $1.28 billion. As a group, analysts predict that Hilton Grand Vacations will post 3.39 EPS for the current fiscal year.

Hedge Funds Weigh In On Hilton Grand Vacations

Several large investors have recently modified their holdings of HGV. UMB Bank n.a. increased its position in shares of Hilton Grand Vacations by 106.8% during the 1st quarter. UMB Bank n.a. now owns 1,065 shares of the company’s stock worth $40,000 after purchasing an additional 550 shares during the last quarter. Rhumbline Advisers increased its position in shares of Hilton Grand Vacations by 1.2% during the first quarter. Rhumbline Advisers now owns 213,288 shares of the company’s stock valued at $7,979,000 after acquiring an additional 2,438 shares during the last quarter. GAMMA Investing LLC increased its position in shares of Hilton Grand Vacations by 9,418.9% during the first quarter. GAMMA Investing LLC now owns 17,134 shares of the company’s stock valued at $6,410,000 after acquiring an additional 16,954 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Hilton Grand Vacations by 23.8% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 176,665 shares of the company’s stock valued at $6,881,000 after acquiring an additional 33,931 shares during the period. Finally, Voloridge Investment Management LLC acquired a new position in shares of Hilton Grand Vacations in the 4th quarter worth approximately $814,000. Institutional investors and hedge funds 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.