Hilton Grand Vacations (NYSE:HGV) Reaches New 52-Week High - Here's What Happened

Key Points

• Hilton Grand Vacations shares hit a new 52-week high, rising as high as $52.85 before closing at $52.4650, up about 2.2% on the day.
• Recent earnings beat expectations: the company reported $0.99 EPS versus a $0.56 consensus estimate, while revenue of $1.29 billion also came in slightly above forecasts and grew 11.9% year over year.
• Analyst sentiment remains mixed but constructive, with several firms raising price targets and the consensus rating sitting at “Hold” with an average target price of $55.22.

Hilton Grand Vacations Inc. (NYSE:HGV - Get Free Report)'s share price hit a new 52-week high during trading on Thursday . The stock traded as high as $52.85 and last traded at $52.4650, with a volume of 206417 shares trading hands. The stock had previously closed at $51.38.

Wall Street Analyst Weigh In

Several brokerages have recently commented on HGV. Barclays upped their price target on Hilton Grand Vacations from $48.00 to $51.00 and gave the company an "equal weight" rating in a research note on Friday, May 1st. Truist Financial upped their price target 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. Mizuho decreased their target price on Hilton Grand Vacations from $73.00 to $69.00 and set an "outperform" rating on the stock in a research note on Friday, February 27th. Wall Street Zen raised Hilton Grand Vacations from a "buy" rating to a "strong-buy" rating in a research note on Saturday, May 2nd. Finally, Jefferies Financial Group increased their target price on Hilton Grand Vacations from $46.00 to $50.00 and gave the stock a "hold" rating in a research note on Monday, March 2nd. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $55.22.

Hilton Grand Vacations Trading Up 2.2%

The company has a fifty day simple moving average of $44.86 and a two-hundred day simple moving average of $44.49. 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 has a market cap of $4.19 billion, a PE ratio of 28.09, a P/E/G ratio of 0.75 and a beta of 1.49.

Hilton Grand Vacations (NYSE:HGV - Get Free Report) last issued its quarterly earnings results on Thursday, April 30th. The company reported $0.99 earnings per share for the quarter, topping 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 $1.29 billion for the quarter, compared to the consensus estimate of $1.27 billion. During the same quarter in the prior year, the business earned $0.09 EPS. Hilton Grand Vacations's revenue was up 11.9% on a year-over-year basis. Analysts anticipate that Hilton Grand Vacations Inc. will post 3.03 EPS for the current year.

Insider Activity

In other Hilton Grand Vacations news, insider Carlos Hernandez sold 5,595 shares of the company's stock in a transaction dated Tuesday, May 19th. The stock was sold at an average price of $46.69, for a total transaction of $261,230.55. Following the sale, the insider owned 14,080 shares in the company, valued at $657,395.20. This represents a 28.44% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Charles R. Jr. Corbin sold 32,907 shares of the company's stock in a transaction dated 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 sale, the insider owned 68,615 shares in the company, valued at approximately $3,270,190.90. This trade represents a 32.41% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 3.10% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. TFJ Management LLC increased its holdings in shares of Hilton Grand Vacations by 17.1% in the 3rd quarter. TFJ Management LLC now owns 266,171 shares of the company's stock valued at $11,129,000 after acquiring an additional 38,780 shares during the last quarter. Iridian Asset Management LLC CT increased its holdings in shares of Hilton Grand Vacations by 69.7% in the 4th quarter. Iridian Asset Management LLC CT now owns 464,964 shares of the company's stock valued at $20,807,000 after acquiring an additional 190,909 shares during the last quarter. Tudor Investment Corp ET AL purchased a new position in shares of Hilton Grand Vacations in the 3rd quarter valued at about $6,956,000. WINTON GROUP Ltd purchased a new position in shares of Hilton Grand Vacations in the 3rd quarter valued at about $4,386,000. Finally, JPMorgan Chase & Co. increased its holdings in shares of Hilton Grand Vacations by 19.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 237,836 shares of the company's stock valued at $9,944,000 after acquiring an additional 37,907 shares during the last quarter. Hedge funds and other institutional investors own 97.23% of the company's stock.

About Hilton Grand Vacations

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.

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