Hilton Grand Vacations (NYSE:HGV) Given New $58.00 Price Target at Morgan Stanley

Hilton Grand Vacations (NYSE:HGV) had its price objective hoisted by Morgan Stanley from $55.00 to $58.00 in a research note released on Friday,Benzinga reports. Morgan Stanley currently has an equal weight rating on the stock.

HGV has been the topic of several other reports. Weiss Ratings reissued a “hold (c)” rating on shares of Hilton Grand Vacations in a report on Friday, May 29th. Barclays boosted their price target on Hilton Grand Vacations from $48.00 to $51.00 and gave the company an “equal weight” rating in a research note on Friday, May 1st. Truist Financial upped their price objective on shares of Hilton Grand Vacations from $67.00 to $71.00 and gave the stock a “buy” rating in a research report on Monday, May 18th. Zacks Research downgraded shares of Hilton Grand Vacations from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 9th. Finally, The Goldman Sachs Group raised shares of Hilton Grand Vacations from a “sell” rating to a “neutral” rating and set a $55.00 price objective on the stock in a research note on Monday, June 1st. Four analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $57.22.

Hilton Grand Vacations Stock Performance

Shares of NYSE HGV opened at $49.95 on Friday. The company has a debt-to-equity ratio of 5.41, a current ratio of 4.33 and a quick ratio of 2.64. The stock’s fifty day moving average price is $50.29 and its two-hundred day moving average price is $46.89. Hilton Grand Vacations has a one year low of $36.79 and a one year high of $55.40. The firm has a market cap of $3.96 billion, a price-to-earnings ratio of 26.71, a P/E/G ratio of 0.46 and a beta of 1.51.

Hilton Grand Vacations (NYSE:HGV) last released its quarterly earnings results on Thursday, April 30th. The company reported $0.99 EPS for the quarter, topping analysts’ consensus estimates 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 $1.28 billion for the quarter, compared to analyst estimates of $1.27 billion. During the same period last year, the firm earned $0.09 earnings per share. Hilton Grand Vacations’s revenue for the quarter was up 11.9% compared to the same quarter last year. On average, equities analysts forecast that Hilton Grand Vacations will post 5.11 EPS for the current year.

Insider Transactions at Hilton Grand Vacations

In other news, insider Carlos Hernandez sold 5,595 shares of the stock in a transaction on Tuesday, May 19th. The stock was sold at an average price of $46.69, for a total value of $261,230.55. Following the completion of the transaction, the insider directly owned 14,080 shares in the company, valued at approximately $657,395.20. This represents a 28.44% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Charles R. Jr. Corbin sold 32,907 shares of the firm’s stock in a transaction on Thursday, May 21st. The shares were sold at an average price of $47.66, for a total value of $1,568,347.62. Following the sale, the insider directly owned 68,615 shares in the company, valued at approximately $3,270,190.90. This trade represents a 32.41% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 229,315 shares of company stock worth $11,738,497. Corporate insiders own 3.10% of the company’s stock.

Institutional Trading of Hilton Grand Vacations

Institutional investors and hedge funds have recently bought and sold shares of the stock. Dimensional Fund Advisors LP increased its position in shares of Hilton Grand Vacations by 1.6% during the first quarter. Dimensional Fund Advisors LP now owns 3,869,731 shares of the company’s stock worth $151,375,000 after buying an additional 60,624 shares during the period. Mudita Advisors LLP boosted its holdings in shares of Hilton Grand Vacations by 11.7% during the 4th quarter. Mudita Advisors LLP now owns 2,607,012 shares of the company’s stock worth $116,664,000 after buying an additional 273,866 shares in the last quarter. UBS Group AG grew its position in shares of Hilton Grand Vacations by 34.4% during the 3rd quarter. UBS Group AG now owns 2,258,391 shares of the company’s stock worth $94,423,000 after buying an additional 577,772 shares during the period. Franklin Resources Inc. grew its position in shares of Hilton Grand Vacations by 36.8% during the 4th quarter. Franklin Resources Inc. now owns 1,936,994 shares of the company’s stock worth $86,680,000 after buying an additional 521,109 shares during the period. Finally, Arrowstreet Capital Limited Partnership increased its stake in shares of Hilton Grand Vacations by 489.6% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,582,535 shares of the company’s stock valued at $66,166,000 after acquiring an additional 1,314,117 shares in the last quarter. 97.23% of the stock is currently 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.