Hilton Grand Vacations (NYSE:HGV) Hits New 52-Week High - Time to Buy?

Key Points

• Hilton Grand Vacations reached a new 52-week high, trading at $52.08 with a last traded price of $51.68, indicating strong market interest in the stock.
• Analysts have varied views on the stock, with price targets ranging from $34.00 to $73.00, resulting in an overall average rating of "Hold" with a consensus price target of $46.38.
• Institutional investors hold a significant portion of the company's stock, representing 97.23% of ownership, indicating strong confidence among large investors.

Hilton Grand Vacations Inc. (NYSE:HGV - Get Free Report)'s share price reached a new 52-week high on Tuesday . The company traded as high as $52.08 and last traded at $51.68, with a volume of 795892 shares traded. The stock had previously closed at $51.63.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on HGV. Mizuho increased their price objective on shares of Hilton Grand Vacations from $73.00 to $76.00 and gave the stock an "outperform" rating in a research report on Friday. Morgan Stanley reduced their price objective on shares of Hilton Grand Vacations from $46.00 to $38.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 22nd. The Goldman Sachs Group reissued a "sell" rating and issued a $39.00 price objective on shares of Hilton Grand Vacations in a research report on Friday. JMP Securities reaffirmed a "market outperform" rating and set a $50.00 target price on shares of Hilton Grand Vacations in a research report on Monday, May 5th. Finally, Barclays raised their target price on shares of Hilton Grand Vacations from $42.00 to $49.00 and gave the stock an "equal weight" rating in a research report on Friday. One investment analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat, Hilton Grand Vacations has an average rating of "Hold" and a consensus target price of $48.25.

Hilton Grand Vacations Trading Down 0.9%

The company has a quick ratio of 2.49, a current ratio of 3.95 and a debt-to-equity ratio of 4.01. The stock's 50 day moving average price is $43.23 and its 200-day moving average price is $40.15. The stock has a market capitalization of $4.07 billion, a P/E ratio of 138.94, a P/E/G ratio of 5.82 and a beta of 1.63.

Hilton Grand Vacations (NYSE:HGV - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The company reported $0.54 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.78 by ($0.24). Hilton Grand Vacations had a net margin of 0.68% and a return on equity of 9.93%. The business had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $1.38 billion. During the same quarter in the prior year, the business posted $0.62 earnings per share. Hilton Grand Vacations's revenue for the quarter was up 2.5% on a year-over-year basis. As a group, equities research analysts expect that Hilton Grand Vacations Inc. will post 3.39 earnings per share for the current year.

Insider Activity

In other news, insider Charles R. Jr. Corbin sold 51,000 shares of the stock in a transaction that occurred on Friday, May 9th. The shares were sold at an average price of $38.78, for a total transaction of $1,977,780.00. Following the transaction, the insider directly owned 60,270 shares in the company, valued at approximately $2,337,270.60. This trade represents a 45.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 2.30% of the company's stock.

Hedge Funds Weigh In On Hilton Grand Vacations

A number of hedge funds and other institutional investors have recently modified their holdings of HGV. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Hilton Grand Vacations by 0.8% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 40,689 shares of the company's stock valued at $1,585,000 after acquiring an additional 303 shares in the last quarter. Covey Capital Advisors LLC boosted its stake in Hilton Grand Vacations by 0.8% in the first quarter. Covey Capital Advisors LLC now owns 44,599 shares of the company's stock valued at $1,668,000 after acquiring an additional 357 shares in the last quarter. Bank of Montreal Can boosted its stake in Hilton Grand Vacations by 5.1% in the fourth quarter. Bank of Montreal Can now owns 7,447 shares of the company's stock valued at $290,000 after acquiring an additional 361 shares in the last quarter. Fifth Third Bancorp boosted its stake in Hilton Grand Vacations by 8.8% in the first quarter. Fifth Third Bancorp now owns 4,489 shares of the company's stock valued at $168,000 after acquiring an additional 364 shares in the last quarter. Finally, Signaturefd LLC boosted its stake in Hilton Grand Vacations by 136.9% in the first quarter. Signaturefd LLC now owns 860 shares of the company's stock valued at $32,000 after acquiring an additional 497 shares in the last quarter. 97.23% of the stock is currently owned by institutional investors.

About Hilton Grand Vacations

Hilton Grand Vacations Inc, a timeshare company, develops, markets, sells, manages, and operates the resorts, plans and ancillary reservation services under the Hilton Grand Vacations brand. It operates through Real Estate Sales and Financing, and Resort Operations and Club Management segments. Real Estate Sales and Financing segment market and sells the VOIs, and source VOIs through fee-for-service agreements with third-party developers; and provides consumer financing and services loans.