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

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

Other analysts have also recently issued research reports about the company. StockNews.com cut Hilton Grand Vacations from a “hold” rating to a “sell” rating in a research report on Monday, August 12th. Jefferies Financial Group downgraded shares of Hilton Grand Vacations from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $55.00 to $35.00 in a report on Friday, August 9th. Truist Financial decreased their price target on shares of Hilton Grand Vacations from $71.00 to $52.00 and set a “buy” rating on the stock in a research report on Thursday, September 5th. The Goldman Sachs Group started coverage on Hilton Grand Vacations in a report on Wednesday, September 18th. They issued a “sell” rating and a $31.00 target price on the stock. Finally, JPMorgan Chase & Co. lowered Hilton Grand Vacations from an “overweight” rating to a “neutral” rating and cut their price target for the company from $55.00 to $36.00 in a report on Friday, August 9th. Two investment 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. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $44.00.

Hilton Grand Vacations Stock Performance

Hilton Grand Vacations stock opened at $41.84 on Tuesday. The company has a quick ratio of 3.08, a current ratio of 4.83 and a debt-to-equity ratio of 3.32. The stock’s 50 day moving average is $37.64 and its 200 day moving average is $39.41. Hilton Grand Vacations has a twelve month low of $33.21 and a twelve month high of $49.02. The company has a market capitalization of $4.12 billion, a P/E ratio of 47.55, 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 EPS for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.03). The firm had revenue of $1.31 billion for the quarter, compared to analysts’ expectations of $1.29 billion. Hilton Grand Vacations had a net margin of 2.01% and a return on equity of 16.44%. The company’s quarterly revenue was up 28.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.98 EPS. On average, equities research analysts predict that Hilton Grand Vacations will post 3.49 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. FMR LLC boosted its stake in 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 buying an additional 917,397 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 valued at $48,553,000 after purchasing an additional 823,228 shares in the last quarter. Millennium Management LLC increased its position in 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. Barclays PLC increased its holdings in shares of Hilton Grand Vacations by 330.8% in the 3rd quarter. Barclays PLC now owns 246,131 shares of the company’s stock worth $8,941,000 after buying an additional 188,997 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its position in 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 valued at $78,961,000 after purchasing an additional 162,459 shares during the period. Hedge funds and other institutional investors own 97.23% of the company’s stock.

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.