Truist Securities Maintains Buy on Hilton Grand Vacations, Raises Price Target to $70
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 15 2024
0mins
Should l Buy HGV?
Source: Benzinga
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Analyst Views on HGV
Wall Street analysts forecast HGV stock price to rise
6 Analyst Rating
4 Buy
2 Hold
0 Sell
Moderate Buy
Current: 45.320
Low
42.00
Averages
48.16
High
59.00
Current: 45.320
Low
42.00
Averages
48.16
High
59.00
About HGV
Hilton Grand Vacations Inc. is a global timeshare company. The Company is engaged in developing, marketing, selling, managing and operating timeshare resorts, timeshare plans and ancillary reservation services, primarily under the Hilton Grand Vacations brand. It operates through two segments: Real estate sales and financing and Resort operations and club management. The Real estate sales and financing segment markets and sells vacation ownership interests (VOIs). It also sources VOIs through fee-for-service agreements with third-party developers. It provides consumer financing, which includes interest income generated from the origination of consumer loans to customers to finance their purchase of VOIs and servicing the loans. Resort operations and club management segment manage the clubs and earn activation fees, annual dues and transaction fees from member exchanges for other vacation products. It offers vacation experiences for guests and approximately 724,000 club members.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
First Advantage Partners with LPGA Star Lauren Coughlin
- Brand Ambassador Partnership: First Advantage has announced a sponsorship with LPGA professional golfer Lauren Coughlin, who will serve as the first Brand Ambassador, reinforcing the company's alignment with top-tier talent.
- Event Promotion: Coughlin will represent First Advantage throughout the 2026 LPGA season, with the brand logo featured on her apparel during tournament appearances, starting with the Hilton Grand Vacations Tournament of Champions from January 29 to February 1.
- Digital Promotion: Both parties will collaboratively promote the sponsorship through digital outlets such as social media and exclusive appearances throughout the year, enhancing brand visibility and market impact.
- User Conference Participation: Coughlin will be a guest speaker at First Advantage's annual user conference, showcasing her close connection with the brand and alignment with the company's core values.
See More
Iridian Asset Management Buys $8.11M in Hilton Grand Vacations (HGV) Shares, Increasing Stake to 7.66%
- Share Increase: Iridian Asset Management disclosed a purchase of 190,909 shares of Hilton Grand Vacations (HGV) in Q4, with an estimated transaction value of $8.11 million, indicating strong confidence in the company's prospects.
- Asset Management Ratio Rise: The stake in Hilton Grand Vacations increased to 7.66%, reflecting Iridian's focus on the company's growth potential, particularly as it occupies a significant position in their investment portfolio.
- Strong Financial Performance: Hilton Grand Vacations reported $907 million in contract sales for Q3, a nearly 17% year-over-year increase, with adjusted EBITDA reaching $245 million, showcasing robust cash generation despite construction-related revenue deferrals.
- Management Confidence: Management reaffirmed full-year adjusted EBITDA guidance of $1.125 billion to $1.165 billion, indicating broad confidence in operational and financial performance, which suggests strong potential for future shareholder returns.
See More
Iridian Asset Management Acquires 190,909 Shares of Hilton Grand Vacations for $8.11 Million
- Share Acquisition: Iridian Asset Management increased its stake in Hilton Grand Vacations (HGV) by 190,909 shares in Q4 2023, with an estimated transaction value of $8.11 million, indicating strong confidence in the company.
- Position Value Growth: As of December 31, Iridian's total position in HGV reached $20.81 million, reflecting a $9.35 million increase from the previous quarter due to both price appreciation and new share purchases.
- Strong Performance: Hilton Grand Vacations reported $907 million in contract sales for Q3, a nearly 17% year-over-year increase, with adjusted EBITDA of $245 million despite construction-related revenue deferrals, and management reaffirmed full-year EBITDA guidance of $1.125 billion to $1.165 billion.
- Strategic Implications: The increase in Iridian's stake to 7.66% highlights the company's strong cash flow and shareholder return potential based on a diversified revenue base, aligning with Iridian's investment strategy focused on resilient business models.
See More
Hilton Grand Vacations Unveils $2.1M Prize for 2026 Tournament of Champions
- Event Highlights: The 2026 Hilton Grand Vacations Tournament of Champions will take place from January 29 to February 1, 2026, at Lake Nona Golf & Country Club in Florida, featuring top LPGA players including World No. 1 Jeeno Thitikul and Olympic gold medalist Nelly Korda, showcasing high-level competition.
- Prize Pool: LPGA professionals will compete for a total prize of $2.1 million, reflecting the event's appeal and motivating players to secure a strong start to the season, thereby enhancing the visibility and impact of the LPGA Tour.
- Celebrity Lineup: The tournament will also feature celebrities such as NBA All-Star Blake Griffin and actor Joey Graziadei, competing for a $500,000 purse, adding entertainment value and attracting a broader audience to the event.
- Strategic Partnership: Hilton Grand Vacations' collaboration with the LPGA continues to strengthen, with CEO Mark Wang emphasizing that the tournament elevates women's golf and creates unforgettable experiences for members, demonstrating the company's commitment to promoting women's sports.
See More
Timeshares Are Back in Style. Will Their Stocks Follow Suit?
- Timeshare Owners Seeking Escape: Timeshare owners, like other vacationers, are eager to distance themselves from the industry's negative reputation.
- Industry Revival: A revival in the timeshare industry is providing owners with new opportunities to enjoy their vacations without the associated stigma.
See More
Hilton Grand Vacations Completes $400 Million Timeshare Loan Securitization
- Financing Optimization: Hilton Grand Vacations completed a $400 million securitization of timeshare loans through its HGVT platform, issuing four classes of notes, including approximately $141.2 million in Class A notes and an overall weighted average coupon rate of 5.07%, marking significant progress in optimizing its financing operations.
- Investor Engagement: The efficient execution of this transaction, coupled with strong investor engagement, not only reaffirms the strength of the HGV brand but also enhances the company's financing capabilities, thereby providing essential funding for future business expansion.
- Debt Management: Proceeds from the issuance will be used to pay down debt and for other general corporate purposes, which will help improve the company's financial condition, reduce financial risks, and create space for future investments.
- Market Positioning: As a leading global timeshare company, Hilton Grand Vacations further solidifies its industry leadership through this securitization transaction, laying a solid foundation for its future growth strategy.
See More
First Advantage Partners with LPGA Star Lauren Coughlin
- Brand Ambassador Partnership: First Advantage has announced a sponsorship with LPGA professional golfer Lauren Coughlin, who will serve as the first Brand Ambassador, reinforcing the company's alignment with top-tier talent.
- Event Promotion: Coughlin will represent First Advantage throughout the 2026 LPGA season, with the brand logo featured on her apparel during tournament appearances, starting with the Hilton Grand Vacations Tournament of Champions from January 29 to February 1.
- Digital Promotion: Both parties will collaboratively promote the sponsorship through digital outlets such as social media and exclusive appearances throughout the year, enhancing brand visibility and market impact.
- User Conference Participation: Coughlin will be a guest speaker at First Advantage's annual user conference, showcasing her close connection with the brand and alignment with the company's core values.
See More
Iridian Asset Management Buys $8.11M in Hilton Grand Vacations (HGV) Shares, Increasing Stake to 7.66%
- Share Increase: Iridian Asset Management disclosed a purchase of 190,909 shares of Hilton Grand Vacations (HGV) in Q4, with an estimated transaction value of $8.11 million, indicating strong confidence in the company's prospects.
- Asset Management Ratio Rise: The stake in Hilton Grand Vacations increased to 7.66%, reflecting Iridian's focus on the company's growth potential, particularly as it occupies a significant position in their investment portfolio.
- Strong Financial Performance: Hilton Grand Vacations reported $907 million in contract sales for Q3, a nearly 17% year-over-year increase, with adjusted EBITDA reaching $245 million, showcasing robust cash generation despite construction-related revenue deferrals.
- Management Confidence: Management reaffirmed full-year adjusted EBITDA guidance of $1.125 billion to $1.165 billion, indicating broad confidence in operational and financial performance, which suggests strong potential for future shareholder returns.
See More
Iridian Asset Management Acquires 190,909 Shares of Hilton Grand Vacations for $8.11 Million
- Share Acquisition: Iridian Asset Management increased its stake in Hilton Grand Vacations (HGV) by 190,909 shares in Q4 2023, with an estimated transaction value of $8.11 million, indicating strong confidence in the company.
- Position Value Growth: As of December 31, Iridian's total position in HGV reached $20.81 million, reflecting a $9.35 million increase from the previous quarter due to both price appreciation and new share purchases.
- Strong Performance: Hilton Grand Vacations reported $907 million in contract sales for Q3, a nearly 17% year-over-year increase, with adjusted EBITDA of $245 million despite construction-related revenue deferrals, and management reaffirmed full-year EBITDA guidance of $1.125 billion to $1.165 billion.
- Strategic Implications: The increase in Iridian's stake to 7.66% highlights the company's strong cash flow and shareholder return potential based on a diversified revenue base, aligning with Iridian's investment strategy focused on resilient business models.
See More
Hilton Grand Vacations Unveils $2.1M Prize for 2026 Tournament of Champions
- Event Highlights: The 2026 Hilton Grand Vacations Tournament of Champions will take place from January 29 to February 1, 2026, at Lake Nona Golf & Country Club in Florida, featuring top LPGA players including World No. 1 Jeeno Thitikul and Olympic gold medalist Nelly Korda, showcasing high-level competition.
- Prize Pool: LPGA professionals will compete for a total prize of $2.1 million, reflecting the event's appeal and motivating players to secure a strong start to the season, thereby enhancing the visibility and impact of the LPGA Tour.
- Celebrity Lineup: The tournament will also feature celebrities such as NBA All-Star Blake Griffin and actor Joey Graziadei, competing for a $500,000 purse, adding entertainment value and attracting a broader audience to the event.
- Strategic Partnership: Hilton Grand Vacations' collaboration with the LPGA continues to strengthen, with CEO Mark Wang emphasizing that the tournament elevates women's golf and creates unforgettable experiences for members, demonstrating the company's commitment to promoting women's sports.
See More
Timeshares Are Back in Style. Will Their Stocks Follow Suit?
- Timeshare Owners Seeking Escape: Timeshare owners, like other vacationers, are eager to distance themselves from the industry's negative reputation.
- Industry Revival: A revival in the timeshare industry is providing owners with new opportunities to enjoy their vacations without the associated stigma.
See More
Hilton Grand Vacations Completes $400 Million Timeshare Loan Securitization
- Financing Optimization: Hilton Grand Vacations completed a $400 million securitization of timeshare loans through its HGVT platform, issuing four classes of notes, including approximately $141.2 million in Class A notes and an overall weighted average coupon rate of 5.07%, marking significant progress in optimizing its financing operations.
- Investor Engagement: The efficient execution of this transaction, coupled with strong investor engagement, not only reaffirms the strength of the HGV brand but also enhances the company's financing capabilities, thereby providing essential funding for future business expansion.
- Debt Management: Proceeds from the issuance will be used to pay down debt and for other general corporate purposes, which will help improve the company's financial condition, reduce financial risks, and create space for future investments.
- Market Positioning: As a leading global timeshare company, Hilton Grand Vacations further solidifies its industry leadership through this securitization transaction, laying a solid foundation for its future growth strategy.
See More
