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

Hilton Grand Vacations Inc. (NYSE:HGV - Get Free Report) shares reached a new 52-week high during trading on Wednesday . The company traded as high as $46.24 and last traded at $45.67, with a volume of 1010432 shares. The stock had previously closed at $45.03.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. Barclays lowered their price target on Hilton Grand Vacations from $45.00 to $42.00 and set an "equal weight" rating on the stock in a report on Friday, May 2nd. Morgan Stanley decreased their price target on Hilton Grand Vacations from $46.00 to $38.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 22nd. JMP Securities restated a "market outperform" rating and set a $50.00 price objective on shares of Hilton Grand Vacations in a research report on Monday, May 5th. Mizuho lifted their price objective on Hilton Grand Vacations from $60.00 to $70.00 and gave the stock an "outperform" rating in a research report on Friday, May 2nd. Finally, The Goldman Sachs Group boosted their price target on Hilton Grand Vacations from $30.00 to $34.00 and gave the company a "sell" rating in a report on Friday, May 2nd. One analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $46.00.

Hilton Grand Vacations Stock Up 3.2%

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's 50-day moving average price is $40.08 and its 200 day moving average price is $39.00. The firm has a market cap of $4.41 billion, a P/E ratio of 150.48, a PEG ratio of 5.23 and a beta of 1.63.

Hilton Grand Vacations (NYSE:HGV - Get Free Report) last issued its earnings results on Thursday, May 1st. The company reported $0.09 EPS for the quarter, missing analysts' consensus estimates of $0.49 by ($0.40). The company had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.25 billion. Hilton Grand Vacations had a net margin of 0.68% and a return on equity of 9.93%. The business's revenue was down .7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.95 earnings per share. On average, equities research analysts expect that Hilton Grand Vacations Inc. will post 3.39 earnings per share for the current fiscal year.

Insider Buying and Selling at Hilton Grand Vacations

In other news, insider Charles R. Jr. Corbin sold 51,000 shares of Hilton Grand Vacations stock in a transaction that occurred 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 sale, the insider owned 60,270 shares of the company's stock, valued at approximately $2,337,270.60. The trade was a 45.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 2.30% of the company's stock.

Institutional Investors Weigh In On Hilton Grand Vacations

Several hedge funds and other institutional investors have recently added to or reduced their stakes in HGV. Signaturefd LLC increased its holdings in shares of 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 buying an additional 497 shares in the last quarter. UMB Bank n.a. grew its holdings in shares of Hilton Grand Vacations by 106.8% during the 1st quarter. UMB Bank n.a. now owns 1,065 shares of the company's stock valued at $40,000 after acquiring an additional 550 shares in the last quarter. State of Wyoming purchased a new position in shares of Hilton Grand Vacations during the 1st quarter valued at $48,000. Covestor Ltd lifted its position in Hilton Grand Vacations by 432.4% during the 4th quarter. Covestor Ltd now owns 1,283 shares of the company's stock worth $50,000 after acquiring an additional 1,042 shares during the last quarter. Finally, Bayforest Capital Ltd acquired a new position in Hilton Grand Vacations during the 1st quarter worth $73,000. 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.