Barclays Cuts Hilton Grand Vacations (NYSE:HGV) Price Target to $48.00

Hilton Grand Vacations (NYSE:HGV) had its price objective lowered by Barclays from $49.00 to $48.00 in a research report released on Monday,Benzinga reports. Barclays currently has an equal weight rating on the stock.

A number of other analysts also recently issued reports on HGV. Mizuho lowered their price target on Hilton Grand Vacations from $73.00 to $69.00 and set an “outperform” rating for the company in a research report on Friday, February 27th. Truist Financial lowered their target price on shares of Hilton Grand Vacations from $62.00 to $59.00 and set a “buy” rating for the company in a report on Friday, November 14th. Morgan Stanley reiterated an “equal weight” rating and set a $49.00 price target on shares of Hilton Grand Vacations in a report on Friday, January 16th. Weiss Ratings raised shares of Hilton Grand Vacations from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, February 17th. Finally, Wells Fargo & Company initiated coverage on Hilton Grand Vacations in a research note on Tuesday, November 18th. They set an “equal weight” rating and a $42.00 target price on the stock. Four investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Hilton Grand Vacations has a consensus rating of “Hold” and an average target price of $51.78.

Hilton Grand Vacations Stock Up 0.5%

Shares of NYSE:HGV opened at $44.55 on Monday. The company has a market cap of $3.63 billion, a price-to-earnings ratio of 48.96, a PEG ratio of 1.04 and a beta of 1.43. Hilton Grand Vacations has a 12 month low of $30.59 and a 12 month high of $52.08. The company has a current ratio of 5.20, a quick ratio of 3.17 and a debt-to-equity ratio of 5.04. The company has a 50-day moving average price of $46.22 and a 200 day moving average price of $44.37.

Hilton Grand Vacations (NYSE:HGV) last issued its quarterly earnings data on Thursday, February 26th. The company reported $0.88 earnings per share for the quarter, missing the consensus estimate of $1.05 by ($0.17). Hilton Grand Vacations had a return on equity of 11.90% and a net margin of 1.60%.The company had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.38 billion. During the same period in the previous year, the firm earned $0.49 earnings per share. The company’s revenue was up 3.8% compared to the same quarter last year. As a group, equities research analysts predict that Hilton Grand Vacations will post 3.39 earnings per share for the current year.

Hedge Funds Weigh In On Hilton Grand Vacations

A number of large investors have recently made changes to their positions in the business. Securian Asset Management Inc. increased its position in Hilton Grand Vacations by 5.0% during the 3rd quarter. Securian Asset Management Inc. now owns 4,619 shares of the company’s stock valued at $193,000 after buying an additional 222 shares in the last quarter. Fifth Third Bancorp grew its stake in shares of Hilton Grand Vacations by 5.7% during the fourth quarter. Fifth Third Bancorp now owns 4,449 shares of the company’s stock worth $199,000 after acquiring an additional 238 shares during the last quarter. Quadrant Capital Group LLC increased its holdings in shares of Hilton Grand Vacations by 13.2% during the fourth quarter. Quadrant Capital Group LLC now owns 2,501 shares of the company’s stock valued at $112,000 after acquiring an additional 291 shares in the last quarter. Waterway Wealth Management LLC raised its position in shares of Hilton Grand Vacations by 4.3% in the 3rd quarter. Waterway Wealth Management LLC now owns 7,950 shares of the company’s stock valued at $332,000 after purchasing an additional 325 shares during the last quarter. Finally, GAMMA Investing LLC raised its position in shares of Hilton Grand Vacations by 60.6% in the 4th quarter. GAMMA Investing LLC now owns 925 shares of the company’s stock valued at $41,000 after purchasing an additional 349 shares during the last quarter. 97.23% of the stock is owned by institutional investors and hedge funds.

About Hilton Grand Vacations

Hilton Grand Vacations Inc is a leading developer and marketer of premium vacation ownership resorts. The company specializes in selling timeshare interests in vacation properties under the Hilton Grand Vacations brand, enabling members to purchase deeded real estate interests and utilize a points-based system for booking stays. Alongside new sales, the company provides ongoing management services for its portfolio of resorts, ensuring high standards of guest services, resort maintenance, and member engagement through its proprietary technology platform.

In addition to vacation ownership sales, Hilton Grand Vacations offers a comprehensive suite of membership benefits.