Hilton Grand Vacations (NYSE:HGV) Hits New 12-Month High - Time to Buy?

Hilton Grand Vacations Inc. (NYSE:HGV - Get Free Report)'s stock price reached a new 52-week high during trading on Tuesday . The stock traded as high as $49.20 and last traded at $49.15, with a volume of 1025788 shares trading hands. The stock had previously closed at $48.53.

Analysts Set New Price Targets

Several equities analysts have commented on HGV shares. Morgan Stanley decreased 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 report on Tuesday, April 22nd. The Goldman Sachs Group upped their price target on shares of Hilton Grand Vacations from $30.00 to $34.00 and gave the company a "sell" rating in a research note on Friday, May 2nd. JMP Securities restated a "market outperform" rating and issued a $50.00 price target on shares of Hilton Grand Vacations in a research note on Monday, May 5th. Barclays decreased their price target on shares of Hilton Grand Vacations from $45.00 to $42.00 and set an "equal weight" rating on the stock in a research note on Friday, May 2nd. Finally, Mizuho upped their price target on shares of Hilton Grand Vacations from $60.00 to $70.00 and gave the company an "outperform" rating in a research note on Friday, May 2nd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company. According to MarketBeat, Hilton Grand Vacations presently has an average rating of "Hold" and an average price target of $46.00.

Hilton Grand Vacations Price Performance

The company's 50-day moving average is $41.35 and its two-hundred day moving average is $39.34. The company has a debt-to-equity ratio of 4.01, a current ratio of 3.95 and a quick ratio of 2.49. The firm has a market cap of $4.33 billion, a P/E ratio of 147.50, a PEG ratio of 5.49 and a beta of 1.63.

Hilton Grand Vacations (NYSE:HGV - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The company reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.49 by ($0.40). Hilton Grand Vacations had a return on equity of 9.93% and a net margin of 0.68%. The firm had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.25 billion. During the same period in the prior year, the company earned $0.95 EPS. The company's revenue for the quarter was down .7% compared to the same quarter last year. Sell-side analysts anticipate that Hilton Grand Vacations Inc. will post 3.39 EPS for the current fiscal year.

Insider Activity at Hilton Grand Vacations

In other news, insider Charles R. Jr. Corbin sold 51,000 shares of the stock in a transaction dated Friday, May 9th. The shares were sold at an average price of $38.78, for a total value of $1,977,780.00. Following the completion of the transaction, the insider owned 60,270 shares of the company's stock, valued at approximately $2,337,270.60. This represents a 45.83% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 2.30% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Assenagon Asset Management S.A. raised its holdings in Hilton Grand Vacations by 262.8% in the 1st quarter. Assenagon Asset Management S.A. now owns 50,342 shares of the company's stock valued at $1,883,000 after buying an additional 36,465 shares during the last quarter. Independent Family Office LLC bought a new position in Hilton Grand Vacations in the 4th quarter valued at approximately $627,000. Deutsche Bank AG raised its holdings in Hilton Grand Vacations by 17.1% in the 4th quarter. Deutsche Bank AG now owns 139,410 shares of the company's stock valued at $5,430,000 after buying an additional 20,398 shares during the last quarter. Bank of Montreal Can raised its holdings in Hilton Grand Vacations by 5.1% in the 4th quarter. Bank of Montreal Can now owns 7,447 shares of the company's stock valued at $290,000 after buying an additional 361 shares during the last quarter. Finally, Point72 Asset Management L.P. bought a new position in Hilton Grand Vacations in the 4th quarter valued at approximately $311,000. Institutional investors own 97.23% of the company's stock.

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.