Hilton Grand Vacations (NYSE:HGV) Coverage Initiated at JPMorgan Chase & Co.

JPMorgan Chase & Co. assumed coverage on shares of Hilton Grand Vacations (NYSE:HGV) in a research note released on Monday, MarketBeat Ratings reports. The firm issued an overweight rating and a $59.00 price target on the stock.

A number of other research analysts have also weighed in on the company. Barclays increased their price objective on Hilton Grand Vacations from $47.00 to $54.00 and gave the company an overweight rating in a report on Friday, March 1st. Truist Financial increased their price objective on Hilton Grand Vacations from $66.00 to $70.00 and gave the company a buy rating in a report on Friday, March 15th. Mizuho assumed coverage on Hilton Grand Vacations in a report on Tuesday, March 26th. They issued a buy rating and a $63.00 price objective on the stock. Jefferies Financial Group raised Hilton Grand Vacations from a hold rating to a buy rating and increased their price objective for the company from $39.00 to $50.00 in a report on Tuesday, January 2nd. Finally, JMP Securities reaffirmed a market outperform rating and set a $55.00 target price on shares of Hilton Grand Vacations in a report on Friday, March 1st. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of Moderate Buy and an average target price of $58.57.

Hilton Grand Vacations Trading Down 0.4 %

Hilton Grand Vacations stock opened at $43.06 on Monday. The stock has a 50-day moving average of $45.23 and a two-hundred day moving average of $41.02. The company has a debt-to-equity ratio of 2.13, a quick ratio of 3.10 and a current ratio of 4.34. Hilton Grand Vacations has a one year low of $33.13 and a one year high of $49.02. The stock has a market cap of $4.51 billion, a PE ratio of 15.38, a price-to-earnings-growth ratio of 0.91 and a beta of 1.93.

Hilton Grand Vacations (NYSE:HGV) last announced its quarterly earnings data on Thursday, February 29th. The company reported $1.01 earnings per share for the quarter, beating analysts’ consensus estimates of $0.97 by $0.04. The business had revenue of $1.02 billion for the quarter, compared to analyst estimates of $1.02 billion. Hilton Grand Vacations had a return on equity of 19.06% and a net margin of 7.87%. The company’s revenue was up 2.7% on a year-over-year basis. During the same period in the prior year, the company earned $1.01 earnings per share. On average, research analysts anticipate that Hilton Grand Vacations will post 4.07 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Charles R. Jr. Corbin sold 23,000 shares of Hilton Grand Vacations stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $45.49, for a total transaction of $1,046,270.00. Following the transaction, the insider now owns 140,618 shares in the company, valued at $6,396,712.82. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In related news, insider Jorge Pablo Brizi sold 28,000 shares of Hilton Grand Vacations stock in a transaction that occurred on Thursday, March 28th. The stock was sold at an average price of $47.00, for a total transaction of $1,316,000.00. Following the transaction, the insider now owns 51,855 shares in the company, valued at $2,437,185. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Charles R. Jr. Corbin sold 23,000 shares of Hilton Grand Vacations stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $45.49, for a total value of $1,046,270.00. Following the transaction, the insider now owns 140,618 shares in the company, valued at approximately $6,396,712.82. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 89,557 shares of company stock worth $4,142,832. 2.30% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Hilton Grand Vacations

Several hedge funds and other institutional investors have recently added to or reduced their stakes in HGV. American Century Companies Inc. increased its stake in Hilton Grand Vacations by 4.1% during the first quarter. American Century Companies Inc. now owns 52,433 shares of the company’s stock worth $2,727,000 after acquiring an additional 2,064 shares during the last quarter. PNC Financial Services Group Inc. grew its stake in shares of Hilton Grand Vacations by 327.3% in the first quarter. PNC Financial Services Group Inc. now owns 547 shares of the company’s stock valued at $28,000 after buying an additional 419 shares in the last quarter. MetLife Investment Management LLC grew its stake in shares of Hilton Grand Vacations by 54.6% in the first quarter. MetLife Investment Management LLC now owns 45,634 shares of the company’s stock valued at $2,373,000 after buying an additional 16,123 shares in the last quarter. Rhumbline Advisers grew its stake in shares of Hilton Grand Vacations by 4.3% in the first quarter. Rhumbline Advisers now owns 92,190 shares of the company’s stock valued at $4,795,000 after buying an additional 3,840 shares in the last quarter. Finally, Great West Life Assurance Co. Can grew its stake in shares of Hilton Grand Vacations by 7.6% in the first quarter. Great West Life Assurance Co. Can now owns 6,144 shares of the company’s stock valued at $340,000 after buying an additional 436 shares in the last quarter. Institutional investors and hedge funds 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.