Analysts expect Hilton Grand Vacations Inc (NYSE:HGV) to report sales of $431.00 million for the current fiscal quarter, according to Zacks. Two analysts have made estimates for Hilton Grand Vacations’ earnings. The lowest sales estimate is $412.00 million and the highest is $450.00 million. Hilton Grand Vacations reported sales of $399.00 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 8%. The company is scheduled to issue its next quarterly earnings results on Wednesday, May 2nd.
On average, analysts expect that Hilton Grand Vacations will report full-year sales of $431.00 million for the current year, with estimates ranging from $1.81 billion to $1.95 billion. For the next year, analysts forecast that the business will post sales of $2.03 billion per share, with estimates ranging from $2.01 billion to $2.05 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research firms that that provide coverage for Hilton Grand Vacations.
HGV has been the subject of a number of recent analyst reports. Zacks Investment Research raised shares of Hilton Grand Vacations from a “hold” rating to a “buy” rating and set a $47.00 price target for the company in a research note on Wednesday, January 3rd. ValuEngine raised shares of Hilton Grand Vacations from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Macquarie initiated coverage on shares of Hilton Grand Vacations in a research report on Friday, January 5th. They issued a “neutral” rating for the company. Finally, SunTrust Banks set a $50.00 price objective on shares of Hilton Grand Vacations and gave the company a “buy” rating in a research report on Thursday, March 1st. One equities research analyst has rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. Hilton Grand Vacations presently has an average rating of “Buy” and a consensus target price of $44.00.
Shares of HGV stock opened at $42.44 on Friday. Hilton Grand Vacations has a fifty-two week low of $28.31 and a fifty-two week high of $47.75. The company has a quick ratio of 3.34, a current ratio of 4.49 and a debt-to-equity ratio of 2.06. The firm has a market cap of $4,323.41, a PE ratio of 22.11 and a beta of 0.96.
In other news, major shareholder Tourism Group Co. Ltd. Hna sold 24,750,000 shares of the company’s stock in a transaction that occurred on Monday, March 19th. The shares were sold at an average price of $46.10, for a total value of $1,140,975,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.46% of the stock is currently owned by corporate insiders.
Several institutional investors and hedge funds have recently made changes to their positions in HGV. William Blair Investment Management LLC lifted its position in shares of Hilton Grand Vacations by 96.0% in the 4th quarter. William Blair Investment Management LLC now owns 3,105,485 shares of the company’s stock worth $130,275,000 after purchasing an additional 1,521,130 shares during the period. Wells Fargo & Company MN lifted its position in shares of Hilton Grand Vacations by 36.8% in the 3rd quarter. Wells Fargo & Company MN now owns 2,496,768 shares of the company’s stock worth $96,450,000 after purchasing an additional 672,097 shares during the period. American Century Companies Inc. lifted its position in shares of Hilton Grand Vacations by 300.1% in the 4th quarter. American Century Companies Inc. now owns 585,850 shares of the company’s stock worth $24,576,000 after purchasing an additional 439,425 shares during the period. Arrowstreet Capital Limited Partnership lifted its position in shares of Hilton Grand Vacations by 51.6% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,141,171 shares of the company’s stock worth $47,872,000 after purchasing an additional 388,545 shares during the period. Finally, Citadel Advisors LLC lifted its position in shares of Hilton Grand Vacations by 1,533.8% in the 4th quarter. Citadel Advisors LLC now owns 373,954 shares of the company’s stock worth $15,688,000 after purchasing an additional 351,065 shares during the period. 97.59% of the stock is owned by hedge funds and other institutional investors.
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About Hilton Grand Vacations
Hilton Grand Vacations Inc is a timeshare company that markets and sells vacation ownership intervals (VOIs), manages resorts in leisure and urban destinations, and operates a points-based vacation club. The Company operates its business across two segments: Real Estate Sales and Financing, and Resort Operations and Club Management.
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