Hilton Grand Vacations (HGV) Gets a Buy from Barclays

In a report released today, Brandt Montour from Barclays maintained a Buy rating on Hilton Grand Vacations (HGV – Research Report), with a price target of $54.00. The company’s shares closed yesterday at $43.16.

Montour covers the Consumer Cyclical sector, focusing on stocks such as Choice Hotels, MGM Resorts, and Hilton Worldwide Holdings. According to TipRanks, Montour has an average return of 9.3% and a 51.89% success rate on recommended stocks.

Currently, the analyst consensus on Hilton Grand Vacations is a Strong Buy with an average price target of $59.17, a 37.09% upside from current levels. In a report released today, JMP Securities also maintained a Buy rating on the stock with a $55.00 price target.

Based on Hilton Grand Vacations’ latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $1.02 billion and a net profit of $92 million. In comparison, last year the company earned a revenue of $1.12 billion and had a net profit of $150 million

Based on the recent corporate insider activity of 45 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of HGV in relation to earlier this year. Most recently, in March 2024, Charles R. Jr. Corbin, the EVP and GC of HGV sold 38,557.00 shares for a total of $1,780,458.26.

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Hilton Grand Vacations (HGV) Company Description:

Hilton Grand Vacations, Inc. is a timeshare company, which engages in marketing and sale of vacation ownership interval; and management of resorts in urban destinations. It operates through the Real Estate Sales and Financing, and Resort Operations and Club Management business segments. The Real Estate Sales and Financing segment refers to the sale of vacation ownership intervals on behalf of third-party developers using the Hilton Grand Vacations brand in exchange for sales, marketing and brand fees, and the financing solutions. The Resort Operations and Club Management segment manages the club, receives activation fees, annual dues, and transaction fees from member exchanges for other vacation products. The company was founded on May 2, 2016 and is headquartered in Orlando, FL.