Hilton Grand Vacations (NYSE:HGV) Sets New 1-Year High – Time to Buy?

Hilton Grand Vacations Inc. (NYSE:HGV) reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $52.85 and last traded at $52.4650, with a volume of 206417 shares changing hands. The stock had previously closed at $51.38.

Analyst Upgrades and Downgrades

HGV has been the subject of several analyst reports. Weiss Ratings upgraded shares of Hilton Grand Vacations from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, February 17th. Mizuho dropped their target price on shares of Hilton Grand Vacations from $73.00 to $69.00 and set an “outperform” rating for the company in a research report on Friday, February 27th. Wells Fargo & Company dropped their target price on shares of Hilton Grand Vacations from $49.00 to $47.00 and set an “equal weight” rating for the company in a research report on Thursday, April 16th. Truist Financial boosted their target price on shares of Hilton Grand Vacations from $67.00 to $71.00 and gave the company a “buy” rating in a research report on Monday, May 18th. Finally, Morgan Stanley boosted their target price on shares of Hilton Grand Vacations from $49.00 to $55.00 and gave the company an “equal weight” rating in a research report on Friday, April 10th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $55.22.

Hilton Grand Vacations Stock Performance

The company has a current ratio of 4.33, a quick ratio of 2.64 and a debt-to-equity ratio of 5.41. The company’s 50-day simple moving average is $45.27 and its 200-day simple moving average is $44.63. The stock has a market capitalization of $4.15 billion, a price-to-earnings ratio of 27.80, a PEG ratio of 0.78 and a beta of 1.49.

Hilton Grand Vacations (NYSE:HGV) last announced its quarterly earnings results on Thursday, April 30th. The company reported $0.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.56 by $0.43. Hilton Grand Vacations had a net margin of 3.16% and a return on equity of 17.62%. The firm had revenue of $1.29 billion during the quarter, compared to analysts’ expectations of $1.27 billion. During the same period in the prior year, the company posted $0.09 EPS. The company’s revenue was up 11.9% on a year-over-year basis. On average, analysts expect that Hilton Grand Vacations Inc. will post 3.03 EPS for the current year.

Insider Activity at Hilton Grand Vacations

In other Hilton Grand Vacations news, insider Carlos Hernandez sold 5,595 shares of the company’s stock in a transaction that occurred on Tuesday, May 19th. The shares were sold at an average price of $46.69, for a total value of $261,230.55. Following the completion of the transaction, the insider directly owned 14,080 shares in the company, valued at approximately $657,395.20. This represents a 28.44% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Charles R. Jr. Corbin sold 32,907 shares of the company’s stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $47.66, for a total transaction of $1,568,347.62. Following the completion of the transaction, the insider owned 68,615 shares of the company’s stock, valued at approximately $3,270,190.90. This trade represents a 32.41% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 3.10% of the company’s stock.

Hedge Funds Weigh In On Hilton Grand Vacations

Several institutional investors and hedge funds have recently added to or reduced their stakes in HGV. Arrowstreet Capital Limited Partnership increased its position in Hilton Grand Vacations by 489.6% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,582,535 shares of the company’s stock valued at $66,166,000 after acquiring an additional 1,314,117 shares during the period. Norges Bank bought a new stake in shares of Hilton Grand Vacations in the 4th quarter valued at $32,871,000. Marshall Wace LLP boosted its stake in shares of Hilton Grand Vacations by 142.6% in the 3rd quarter. Marshall Wace LLP now owns 1,163,538 shares of the company’s stock valued at $48,648,000 after purchasing an additional 684,025 shares during the last quarter. UBS Group AG boosted its stake in shares of Hilton Grand Vacations by 34.4% in the 3rd quarter. UBS Group AG now owns 2,258,391 shares of the company’s stock valued at $94,423,000 after purchasing an additional 577,772 shares during the last quarter. Finally, Franklin Resources Inc. boosted its stake in shares of Hilton Grand Vacations by 36.8% in the 4th quarter. Franklin Resources Inc. now owns 1,936,994 shares of the company’s stock valued at $86,680,000 after purchasing an additional 521,109 shares during the last quarter. 97.23% of the stock is currently owned by institutional investors and hedge funds.

Hilton Grand Vacations Company Profile

Hilton Grand Vacations Inc is a leading developer and marketer of premium vacation ownership resorts. The company specializes in selling timeshare interests in vacation properties under the Hilton Grand Vacations brand, enabling members to purchase deeded real estate interests and utilize a points-based system for booking stays. Alongside new sales, the company provides ongoing management services for its portfolio of resorts, ensuring high standards of guest services, resort maintenance, and member engagement through its proprietary technology platform.

In addition to vacation ownership sales, Hilton Grand Vacations offers a comprehensive suite of membership benefits.