Hilton Grand Vacations (NYSE:HGV) Hits New 1-Year Low at $33.59

Shares of Hilton Grand Vacations Inc. (NYSE:HGVGet Rating) reached a new 52-week low during trading on Friday . The stock traded as low as $33.59 and last traded at $33.59, with a volume of 1502 shares changing hands. The stock had previously closed at $35.12.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Barclays began coverage on shares of Hilton Grand Vacations in a report on Tuesday, June 28th. They issued an “overweight” rating and a $50.00 price target on the stock. Truist Financial lowered their price target on shares of Hilton Grand Vacations from $64.00 to $63.00 and set a “buy” rating for the company in a research report on Friday, August 12th. Finally, TheStreet cut shares of Hilton Grand Vacations from a “b” rating to a “c+” rating in a research report on Tuesday, June 21st. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, Hilton Grand Vacations presently has an average rating of “Moderate Buy” and an average price target of $64.25.

Hilton Grand Vacations Price Performance

The company has a quick ratio of 2.50, a current ratio of 3.62 and a debt-to-equity ratio of 1.83. The firm has a market capitalization of $3.93 billion, a PE ratio of 13.83 and a beta of 1.96. The firm’s fifty day simple moving average is $41.15 and its 200-day simple moving average is $43.69.

Hilton Grand Vacations (NYSE:HGVGet Rating) last issued its earnings results on Tuesday, August 9th. The company reported $0.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.81 by ($0.21). The firm had revenue of $948.00 million during the quarter, compared to analysts’ expectations of $951.37 million. Hilton Grand Vacations had a return on equity of 15.70% and a net margin of 8.53%. The firm’s quarterly revenue was up 183.8% on a year-over-year basis. During the same period last year, the firm posted $0.10 earnings per share. On average, research analysts forecast that Hilton Grand Vacations Inc. will post 2.59 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Bank of America Corp DE grew its stake in shares of Hilton Grand Vacations by 81.0% in the fourth quarter. Bank of America Corp DE now owns 133,014 shares of the company’s stock worth $6,933,000 after acquiring an additional 59,533 shares during the period. Citigroup Inc. grew its stake in shares of Hilton Grand Vacations by 15.4% in the fourth quarter. Citigroup Inc. now owns 58,342 shares of the company’s stock worth $3,040,000 after acquiring an additional 7,764 shares during the period. JPMorgan Chase & Co. grew its stake in shares of Hilton Grand Vacations by 53.8% in the fourth quarter. JPMorgan Chase & Co. now owns 262,504 shares of the company’s stock worth $13,678,000 after acquiring an additional 91,879 shares during the period. Rhumbline Advisers grew its stake in shares of Hilton Grand Vacations by 0.3% in the fourth quarter. Rhumbline Advisers now owns 88,350 shares of the company’s stock worth $4,604,000 after acquiring an additional 287 shares during the period. Finally, Ensign Peak Advisors Inc bought a new stake in shares of Hilton Grand Vacations in the fourth quarter worth approximately $530,000. 98.40% of the stock is owned by hedge funds and other institutional investors.

Hilton Grand Vacations Company Profile

(Get Rating)

Hilton Grand Vacations Inc, a timeshare company, develops, markets, sells, and manages vacation ownership resorts primarily under the Hilton Grand Vacations brand. The company operates in two segments, Real Estate Sales and Financing, and Resort Operations and Club Management. It sells vacation ownership intervals and vacation ownership interests; manages resorts and clubs; operates points-based vacation clubs and resort amenities; and finances and services loans provided to consumers for their timeshare purchases.

Featured Stories

Receive News & Ratings for Hilton Grand Vacations Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hilton Grand Vacations and related companies with MarketBeat.com's FREE daily email newsletter.