Mizuho Cuts Hilton Grand Vacations (NYSE:HGV) Price Target to $55.00

Hilton Grand Vacations (NYSE:HGV) had its target price lowered by Mizuho from $57.00 to $55.00 in a research note released on Tuesday,Benzinga reports. The brokerage currently has an outperform rating on the stock.

Other research analysts have also issued reports about the stock. JPMorgan Chase & Co. lowered shares of Hilton Grand Vacations from an “overweight” rating to a “neutral” rating and decreased their price target for the company from $55.00 to $36.00 in a report on Friday, August 9th. StockNews.com lowered shares of Hilton Grand Vacations from a “hold” rating to a “sell” rating in a research note on Monday, August 12th. The Goldman Sachs Group initiated coverage on shares of Hilton Grand Vacations in a report on Wednesday, September 18th. They set a “sell” rating and a $31.00 price objective for the company. Truist Financial reduced their price target on shares of Hilton Grand Vacations from $71.00 to $52.00 and set a “buy” rating for the company in a report on Thursday, September 5th. Finally, Barclays raised their price objective on shares of Hilton Grand Vacations from $40.00 to $44.00 and gave the stock an “overweight” rating in a report on Friday, November 8th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, Hilton Grand Vacations currently has a consensus rating of “Hold” and a consensus price target of $44.00.

Hilton Grand Vacations Trading Down 1.9 %

Shares of HGV opened at $42.87 on Tuesday. The company has a current ratio of 4.83, a quick ratio of 3.08 and a debt-to-equity ratio of 3.32. The firm’s 50-day moving average is $37.53 and its two-hundred day moving average is $39.39. Hilton Grand Vacations has a twelve month low of $33.21 and a twelve month high of $49.02. The firm has a market capitalization of $4.22 billion, a P/E ratio of 48.72, a PEG ratio of 2.37 and a beta of 1.82.

Hilton Grand Vacations (NYSE:HGV) last posted its quarterly earnings results on Thursday, November 7th. The company reported $0.67 earnings per share for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.03). Hilton Grand Vacations had a return on equity of 16.44% and a net margin of 2.01%. The company had revenue of $1.31 billion for the quarter, compared to analysts’ expectations of $1.29 billion. During the same period in the prior year, the business earned $0.98 EPS. The business’s revenue for the quarter was up 28.3% on a year-over-year basis. On average, research analysts predict that Hilton Grand Vacations will post 3.49 earnings per share for the current fiscal year.

Institutional Trading of Hilton Grand Vacations

Hedge funds have recently bought and sold shares of the company. FMR LLC lifted its holdings in shares of Hilton Grand Vacations by 39.0% during the third quarter. FMR LLC now owns 3,271,387 shares of the company’s stock valued at $118,817,000 after purchasing an additional 917,397 shares during the last quarter. Long Pond Capital LP boosted its position in shares of Hilton Grand Vacations by 218.0% during the second quarter. Long Pond Capital LP now owns 1,200,920 shares of the company’s stock valued at $48,553,000 after buying 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 purchasing an additional 698,664 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Hilton Grand Vacations by 9.1% during the second quarter. Dimensional Fund Advisors LP now owns 1,953,170 shares of the company’s stock worth $78,961,000 after purchasing an additional 162,459 shares in the last quarter. Finally, Iridian Asset Management LLC CT increased its position in shares of Hilton Grand Vacations by 63.9% in the 2nd quarter. Iridian Asset Management LLC CT now owns 287,620 shares of the company’s stock valued at $11,628,000 after acquiring an additional 112,117 shares during the period. Institutional investors 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.