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

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

A number of other equities analysts have also recently weighed in on HGV. Mizuho lowered their price objective on shares of Hilton Grand Vacations from $63.00 to $57.00 and set an outperform rating for the company in a research report on Friday, August 9th. JPMorgan Chase & Co. cut shares of Hilton Grand Vacations from an overweight rating to a neutral rating and lowered their price objective for the stock from $55.00 to $36.00 in a research report on Friday, August 9th. StockNews.com cut shares of Hilton Grand Vacations from a hold rating to a sell rating in a research report on Monday, August 12th. Jefferies Financial Group cut shares of Hilton Grand Vacations from a buy rating to a hold rating and lowered their price objective for the stock from $55.00 to $35.00 in a research report on Friday, August 9th. Finally, Barclays lowered their price objective on shares of Hilton Grand Vacations from $54.00 to $40.00 and set an overweight rating for the company in a research report on Friday, August 9th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company. According to MarketBeat, Hilton Grand Vacations presently has an average rating of Hold and an average target price of $45.83.

Hilton Grand Vacations Stock Performance

Hilton Grand Vacations stock opened at $36.48 on Thursday. The firm has a 50 day simple moving average of $39.35 and a 200-day simple moving average of $42.04. Hilton Grand Vacations has a 1-year low of $33.13 and a 1-year high of $49.02. The company has a debt-to-equity ratio of 3.18, a current ratio of 4.36 and a quick ratio of 2.97. The stock has a market cap of $3.78 billion, a price-to-earnings ratio of 17.21, a price-to-earnings-growth ratio of 1.94 and a beta of 1.83.

Hilton Grand Vacations (NYSE:HGV) last posted its quarterly earnings results on Thursday, August 8th. The company reported $0.62 earnings per share for the quarter, missing the consensus estimate of $0.89 by ($0.27). The firm had revenue of $1.24 billion during the quarter, compared to analysts’ expectations of $1.33 billion. Hilton Grand Vacations had a net margin of 3.57% and a return on equity of 18.06%. The business’s quarterly revenue was up 22.6% on a year-over-year basis. During the same period last year, the company earned $0.85 EPS. On average, analysts expect that Hilton Grand Vacations will post 3.37 EPS for the current year.

Hedge Funds Weigh In On Hilton Grand Vacations

Several hedge funds and other institutional investors have recently added to or reduced their stakes in HGV. Long Pond Capital LP boosted its position in Hilton Grand Vacations by 218.0% in the 2nd 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 raised its holdings in shares of Hilton Grand Vacations by 44.5% in the 2nd 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 in the last quarter. Norges Bank acquired a new stake in shares of Hilton Grand Vacations in the 4th quarter valued at $23,383,000. Breach Inlet Capital Management LLC acquired a new stake in shares of Hilton Grand Vacations in the 4th quarter valued at $13,700,000. Finally, Dimensional Fund Advisors LP raised its holdings in shares of Hilton Grand Vacations by 17.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,763,168 shares of the company’s stock valued at $70,847,000 after purchasing an additional 267,567 shares in the last quarter. Hedge funds and other 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.