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

Hilton Grand Vacations (NYSE:HGV) had its price target cut by Mizuho from $57.00 to $55.00 in a research report sent to investors on Tuesday,Benzinga reports. They currently have an outperform rating on the stock.

HGV has been the subject of several other research reports. StockNews.com lowered shares of Hilton Grand Vacations from a “hold” rating to a “sell” rating in a research report on Monday, August 12th. Jefferies Financial Group lowered shares of Hilton Grand Vacations from a “buy” rating to a “hold” rating and cut their target price for the stock from $55.00 to $35.00 in a research report on Friday, August 9th. The Goldman Sachs Group assumed coverage on shares of Hilton Grand Vacations in a research report on Wednesday, September 18th. They issued a “sell” rating and a $31.00 price objective for the company. JPMorgan Chase & Co. lowered shares of Hilton Grand Vacations from an “overweight” rating to a “neutral” rating and cut their price objective for the company from $55.00 to $36.00 in a research report on Friday, August 9th. Finally, Truist Financial cut their price objective on shares of Hilton Grand Vacations from $71.00 to $52.00 and set a “buy” rating for the company in a research report on Thursday, September 5th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company. According to MarketBeat, Hilton Grand Vacations currently has a consensus rating of “Hold” and a consensus target price of $44.00.

Hilton Grand Vacations Stock Performance

HGV opened at $43.19 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 company’s fifty day moving average price is $37.30 and its two-hundred day moving average price is $39.37. Hilton Grand Vacations has a 1-year low of $33.16 and a 1-year high of $49.02. The company has a market cap of $4.25 billion, a price-to-earnings ratio of 49.08, a PEG ratio of 2.30 and a beta of 1.82.

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

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. Vanguard Group Inc. grew its holdings in shares of Hilton Grand Vacations by 1.0% in the first quarter. Vanguard Group Inc. now owns 7,546,080 shares of the company’s stock worth $356,250,000 after purchasing an additional 77,934 shares during the last quarter. Millennium Management LLC grew 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 worth $91,752,000 after purchasing an additional 698,664 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Hilton Grand Vacations by 9.1% in 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 during the last quarter. Long Pond Capital LP grew its holdings in shares of 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 worth $48,553,000 after purchasing an additional 823,228 shares during the last quarter. Finally, Iridian Asset Management LLC CT grew its holdings in shares of Hilton Grand Vacations by 8.4% in the third quarter. Iridian Asset Management LLC CT now owns 311,673 shares of the company’s stock worth $11,320,000 after purchasing an additional 24,053 shares during the last quarter. 97.23% of the stock is owned by hedge funds and other institutional investors.

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.