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

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

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the stock. The Goldman Sachs Group increased 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 report on Friday, May 2nd. Morgan Stanley dropped their price target on shares of 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. JMP Securities reissued a "market outperform" rating and set a $50.00 price target on shares of Hilton Grand Vacations in a research report on Monday, May 5th. Mizuho increased 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 report on Friday, May 2nd. Finally, Barclays dropped their price target on shares of 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. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $46.00.

Hilton Grand Vacations Price Performance

The business's 50 day moving average price is $40.75 and its two-hundred day moving average price is $39.16. The stock has a market cap of $4.45 billion, a P/E ratio of 151.59, a price-to-earnings-growth ratio of 5.56 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.

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

Insider Transactions at Hilton Grand Vacations

In related news, insider Charles R. Jr. Corbin sold 51,000 shares of Hilton Grand Vacations stock in a transaction dated 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 completion of the transaction, the insider directly owned 60,270 shares of the company's stock, valued at $2,337,270.60. This trade represents a 45.83% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 2.30% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of HGV. Charles Schwab Investment Management Inc. raised its holdings in Hilton Grand Vacations by 3.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 892,057 shares of the company's stock worth $34,746,000 after buying an additional 30,019 shares during the last quarter. Victory Capital Management Inc. raised its holdings in Hilton Grand Vacations by 57.2% in the fourth quarter. Victory Capital Management Inc. now owns 26,938 shares of the company's stock worth $1,049,000 after buying an additional 9,798 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Hilton Grand Vacations by 12.7% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 19,301 shares of the company's stock worth $752,000 after buying an additional 2,170 shares during the last quarter. Cibc World Markets Corp purchased a new position in Hilton Grand Vacations in the fourth quarter worth about $261,000. Finally, Independent Family Office LLC purchased a new position in Hilton Grand Vacations in the fourth quarter worth about $627,000. 97.23% of the stock is owned by hedge funds and other institutional investors.

Hilton Grand Vacations Company Profile

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.