Hilton Grand Vacations (NYSE:HGV) Price Target Raised to $71.00 at Truist Financial

Hilton Grand Vacations (NYSE:HGV) had its price target boosted by Truist Financial from $67.00 to $71.00 in a research report report published on Monday morning,Benzinga reports. They currently have a buy rating on the stock.

Several other research analysts have also commented on the stock. Weiss Ratings raised shares of Hilton Grand Vacations from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday, February 17th. Zacks Research raised shares of Hilton Grand Vacations from a “hold” rating to a “strong-buy” rating in a report on Friday, May 1st. The Goldman Sachs Group reaffirmed a “sell” rating and issued a $40.00 price target on shares of Hilton Grand Vacations in a report on Thursday, February 26th. Wells Fargo & Company reduced their target price on shares of Hilton Grand Vacations from $49.00 to $47.00 and set an “equal weight” rating for the company in a research note on Thursday, April 16th. Finally, Morgan Stanley boosted their target price on shares of Hilton Grand Vacations from $49.00 to $55.00 and gave the company an “equal weight” rating in a research note on Friday, April 10th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $55.22.

Hilton Grand Vacations Trading Up 3.9%

NYSE HGV opened at $46.62 on Monday. Hilton Grand Vacations has a one year low of $36.79 and a one year high of $52.08. The company has a 50-day simple moving average of $43.95 and a 200-day simple moving average of $44.13. The company has a debt-to-equity ratio of 5.41, a quick ratio of 2.64 and a current ratio of 4.33. The firm has a market capitalization of $3.72 billion, a PE ratio of 24.93, a price-to-earnings-growth ratio of 0.67 and a beta of 1.49.

Hilton Grand Vacations (NYSE:HGV) last posted its quarterly earnings results on Thursday, April 30th. The company reported $0.99 EPS for the quarter, beating the consensus estimate of $0.56 by $0.43. Hilton Grand Vacations had a net margin of 3.16% and a return on equity of 17.62%. The business had revenue of $1.29 billion during the quarter, compared to analyst estimates of $1.27 billion. During the same period in the previous year, the business posted $0.09 EPS. The company’s quarterly revenue was up 11.9% on a year-over-year basis. On average, equities analysts forecast that Hilton Grand Vacations will post 3.03 earnings per share for the current year.

Institutional Trading of Hilton Grand Vacations

A number of institutional investors have recently made changes to their positions in HGV. Amundi raised its holdings in shares of Hilton Grand Vacations by 214.2% in the 1st quarter. Amundi now owns 20,490 shares of the company’s stock worth $802,000 after purchasing an additional 13,969 shares in the last quarter. California State Teachers Retirement System raised its holdings in shares of Hilton Grand Vacations by 20.6% in the 1st quarter. California State Teachers Retirement System now owns 69,769 shares of the company’s stock worth $2,729,000 after purchasing an additional 11,932 shares in the last quarter. Readystate Asset Management LP raised its holdings in shares of Hilton Grand Vacations by 38.7% in the 1st quarter. Readystate Asset Management LP now owns 37,324 shares of the company’s stock worth $1,460,000 after purchasing an additional 10,422 shares in the last quarter. Quantinno Capital Management LP raised its holdings in shares of Hilton Grand Vacations by 11.7% in the 1st quarter. Quantinno Capital Management LP now owns 15,609 shares of the company’s stock worth $611,000 after purchasing an additional 1,633 shares in the last quarter. Finally, SummitTX Capital L.P. bought a new stake in shares of Hilton Grand Vacations in the 1st quarter worth approximately $4,249,000. 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.