Hilton Grand Vacations (NYSE:HGV) Price Target Lowered to $52.00 at Truist Financial

Hilton Grand Vacations (NYSE:HGV) had its price objective decreased by Truist Financial from $71.00 to $52.00 in a report released on Thursday morning, Benzinga reports. Truist Financial currently has a buy rating on the stock.

Several other brokerages have also commented on HGV. Jefferies Financial Group lowered shares of Hilton Grand Vacations from a buy rating to a hold rating and cut their price target for the stock from $55.00 to $35.00 in a research note on Friday, August 9th. Mizuho cut their price target on shares of Hilton Grand Vacations from $63.00 to $57.00 and set an outperform rating on the stock in a research note on Friday, August 9th. Barclays cut their price target on shares of Hilton Grand Vacations from $54.00 to $40.00 and set an overweight rating on the stock in a research note on Friday, August 9th. JPMorgan Chase & Co. lowered shares of Hilton Grand Vacations from an overweight rating to a neutral rating and cut their price target for the stock from $55.00 to $36.00 in a research note on Friday, August 9th. Finally, StockNews.com lowered shares of Hilton Grand Vacations from a hold rating to a sell rating in a research note on Monday, August 12th. One analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of Hold and a consensus target price of $45.83.

Hilton Grand Vacations Price Performance

Shares of HGV opened at $36.48 on Thursday. Hilton Grand Vacations has a twelve month low of $33.13 and a twelve month high of $49.02. The firm’s fifty day simple moving average is $39.35 and its 200-day simple moving average is $42.04. The firm has a market capitalization of $3.78 billion, a price-to-earnings ratio of 17.21, a PEG ratio of 1.94 and a beta of 1.83. The company has a current ratio of 4.36, a quick ratio of 2.97 and a debt-to-equity ratio of 3.18.

Hilton Grand Vacations (NYSE:HGV) last announced its quarterly earnings results on Thursday, August 8th. The company reported $0.62 EPS for the quarter, missing the consensus estimate of $0.89 by ($0.27). Hilton Grand Vacations had a return on equity of 18.06% and a net margin of 3.57%. The company had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.33 billion. During the same quarter in the prior year, the business earned $0.85 earnings per share. Hilton Grand Vacations’s revenue was up 22.6% compared to the same quarter last year. Equities analysts forecast that Hilton Grand Vacations will post 3.37 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of HGV. Long Pond Capital LP increased its stake in Hilton Grand Vacations by 218.0% in the second quarter. Long Pond Capital LP now owns 1,200,920 shares of the company’s stock valued at $48,553,000 after purchasing an additional 823,228 shares during the period. Millennium Management LLC boosted its holdings in shares of Hilton Grand Vacations by 44.5% in the second quarter. Millennium Management LLC now owns 2,269,405 shares of the company’s stock valued at $91,752,000 after acquiring an additional 698,664 shares in the last quarter. Norges Bank purchased a new stake in shares of Hilton Grand Vacations in the fourth quarter valued at about $23,383,000. Breach Inlet Capital Management LLC purchased a new stake in shares of Hilton Grand Vacations in the fourth quarter valued at about $13,700,000. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of Hilton Grand Vacations by 17.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,763,168 shares of the company’s stock valued at $70,847,000 after acquiring an additional 267,567 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, 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.