Hilton Grand Vacations (NYSE:HGV) Hits New 52-Week High – What’s Next?

Hilton Grand Vacations Inc. (NYSE:HGV)’s stock price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $54.64 and last traded at $54.9620, with a volume of 134053 shares changing hands. The stock had previously closed at $52.34.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Citizens Jmp lifted their price target on Hilton Grand Vacations from $50.00 to $55.00 and gave the stock a “market outperform” rating in a report on Monday, March 9th. Morgan Stanley raised their price objective on shares of Hilton Grand Vacations from $49.00 to $55.00 and gave the stock an “equal weight” rating in a report on Friday, April 10th. Wall Street Zen raised Hilton Grand Vacations from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 2nd. Zacks Research cut shares of Hilton Grand Vacations from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 9th. Finally, Truist Financial lifted their price objective on Hilton Grand Vacations from $67.00 to $71.00 and gave the company a “buy” rating in a research note on Monday, May 18th. Four investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $56.89.

Hilton Grand Vacations Stock Performance

The company has a market cap of $4.30 billion, a PE ratio of 29.00, a PEG ratio of 0.46 and a beta of 1.50. The business’s 50-day moving average is $48.65 and its 200 day moving average is $45.94. The company has a debt-to-equity ratio of 5.41, a quick ratio of 2.64 and a current ratio of 4.33.

Hilton Grand Vacations (NYSE:HGV) last issued its earnings results on Thursday, April 30th. The company reported $0.99 earnings per share for the quarter, beating the consensus estimate of $0.56 by $0.43. Hilton Grand Vacations had a return on equity of 17.62% and a net margin of 3.16%.The company had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $1.27 billion. During the same period in the prior year, the business posted $0.09 EPS. Hilton Grand Vacations’s quarterly revenue was up 11.9% compared to the same quarter last year. On average, equities research analysts predict that Hilton Grand Vacations Inc. will post 5.11 EPS for the current fiscal year.

Insider Activity

In other news, insider Carlos Hernandez sold 5,595 shares of the stock in a transaction dated Tuesday, May 19th. The shares were sold at an average price of $46.69, for a total transaction of $261,230.55. Following the completion of the sale, the insider directly owned 14,080 shares in the company, valued at approximately $657,395.20. This represents a 28.44% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Charles R. Jr. Corbin sold 32,907 shares of the stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $47.66, for a total value of $1,568,347.62. Following the completion of the sale, 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 position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 229,315 shares of company stock valued at $11,738,497. Insiders own 3.10% of the company’s stock.

Institutional Investors Weigh In On Hilton Grand Vacations

Hedge funds have recently made changes to their positions in the company. Leonteq Securities AG boosted its holdings in shares of Hilton Grand Vacations by 189.7% during the 1st quarter. Leonteq Securities AG now owns 672 shares of the company’s stock valued at $26,000 after buying an additional 440 shares in the last quarter. EverSource Wealth Advisors LLC lifted its holdings in shares of Hilton Grand Vacations by 743.4% during the second quarter. EverSource Wealth Advisors LLC now owns 641 shares of the company’s stock valued at $27,000 after purchasing an additional 565 shares in the last quarter. Bard Associates Inc. purchased a new stake in shares of Hilton Grand Vacations during the 4th quarter valued at about $29,000. GAMMA Investing LLC boosted its holdings in Hilton Grand Vacations by 60.6% in the fourth quarter. GAMMA Investing LLC now owns 925 shares of the company’s stock worth $41,000 after purchasing an additional 349 shares during the last quarter. Finally, Kestra Advisory Services LLC purchased a new position in shares of Hilton Grand Vacations in the 4th quarter worth $44,000. 97.23% of the stock is currently owned by institutional investors.

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.