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

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

Analysts Set New Price Targets

A number of equities research analysts have weighed in on HGV shares. Barclays decreased their target price on Hilton Grand Vacations from $45.00 to $42.00 and set an "equal weight" rating for the company in a research report on Friday, May 2nd. Mizuho lifted their target price on Hilton Grand Vacations from $60.00 to $70.00 and gave the company an "outperform" rating in a research report on Friday, May 2nd. The Goldman Sachs Group lifted their target price on Hilton Grand Vacations from $30.00 to $34.00 and gave the company a "sell" rating in a research report on Friday, May 2nd. JMP Securities reissued a "market outperform" rating and issued a $50.00 price target on shares of Hilton Grand Vacations in a research report on Monday, May 5th. Finally, Morgan Stanley reduced their price target on Hilton Grand Vacations from $46.00 to $38.00 and set an "overweight" rating for the company in a research report on Tuesday, April 22nd. One 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. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $46.00.

Hilton Grand Vacations Trading Up 1.0%

The stock has a market capitalization of $4.27 billion, a P/E ratio of 145.66, a price-to-earnings-growth ratio of 5.41 and a beta of 1.63. The company has a current ratio of 3.95, a quick ratio of 2.49 and a debt-to-equity ratio of 4.01. The company has a 50-day moving average price of $41.35 and a 200 day moving average price of $39.34.

Hilton Grand Vacations (NYSE:HGV - Get Free Report) last announced its earnings results 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 business had revenue of $1.15 billion for the quarter, compared to analysts' expectations of $1.25 billion. During the same quarter last year, the firm earned $0.95 earnings per share. The firm's quarterly revenue was down .7% compared to the same quarter last year. On average, research analysts forecast that Hilton Grand Vacations Inc. will post 3.39 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, insider Charles R. Jr. Corbin sold 51,000 shares of the business's stock in a transaction on Friday, May 9th. The stock was 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 $2,337,270.60. The trade was a 45.83% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 2.30% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Victory Capital Management Inc. grew its stake in Hilton Grand Vacations by 57.2% during the 4th quarter. Victory Capital Management Inc. now owns 26,938 shares of the company's stock valued at $1,049,000 after purchasing an additional 9,798 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Hilton Grand Vacations by 12.7% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 19,301 shares of the company's stock valued at $752,000 after purchasing an additional 2,170 shares during the last quarter. Cibc World Markets Corp purchased a new stake in Hilton Grand Vacations during the 4th quarter valued at about $261,000. KLP Kapitalforvaltning AS purchased a new stake in Hilton Grand Vacations during the 4th quarter valued at about $608,000. Finally, Fox Run Management L.L.C. purchased a new stake in Hilton Grand Vacations during the 4th quarter valued at about $362,000. 97.23% of the stock is currently owned by hedge funds and other 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.