Hilton Grand Vacations (NYSE:HGV) Trading 4.7% Higher - What's Next?

Key Points

• Hilton Grand Vacations' stock rose by 4.7% to $45.83, although trading volume fell significantly to 119,017 shares, indicating reduced market activity.
• Analysts have mixed views on the stock, with ratings ranging from a buy from Morgan Stanley at a target price of $48.00, to a sell rating from Goldman Sachs with a target of $39.00.
• The company reported earnings of $0.54 per share, missing expectations, and announced a share repurchase program, signaling confidence in its stock's value.

Hilton Grand Vacations Inc. (NYSE:HGV - Get Free Report) shot up 4.7% on Wednesday . The stock traded as high as $45.53 and last traded at $45.83. 119,017 shares traded hands during mid-day trading, a decline of 88% from the average session volume of 997,366 shares. The stock had previously closed at $43.78.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on HGV. Weiss Ratings restated a "hold (c-)" rating on shares of Hilton Grand Vacations in a report on Wednesday, October 8th. Morgan Stanley reiterated an "overweight" rating and issued a $48.00 target price on shares of Hilton Grand Vacations in a research note on Wednesday. The Goldman Sachs Group reiterated a "sell" rating and issued a $39.00 target price on shares of Hilton Grand Vacations in a research note on Friday, August 1st. Truist Financial cut their price objective on shares of Hilton Grand Vacations from $63.00 to $62.00 and set a "buy" rating for the company in a research report on Thursday, August 21st. Finally, Mizuho raised their price objective on shares of Hilton Grand Vacations from $73.00 to $76.00 and gave the stock an "outperform" rating in a research report on Friday, August 1st. Five investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $54.71.

Hilton Grand Vacations Trading Up 4.9%

The business's 50 day simple moving average is $44.61 and its two-hundred day simple moving average is $42.05. The stock has a market cap of $4.09 billion, a P/E ratio of 83.46, a PEG ratio of 3.82 and a beta of 1.65. The company has a quick ratio of 2.77, a current ratio of 4.43 and a debt-to-equity ratio of 4.31.

Hilton Grand Vacations (NYSE:HGV - Get Free Report) last posted its earnings results on Thursday, July 31st. The company reported $0.54 earnings per share for the quarter, missing analysts' consensus estimates of $0.78 by ($0.24). The company had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $1.38 billion. Hilton Grand Vacations had a return on equity of 9.71% and a net margin of 1.14%.The business's quarterly revenue was up 2.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.62 EPS. As a group, analysts expect that Hilton Grand Vacations Inc. will post 3.39 EPS for the current year.

Hilton Grand Vacations announced that its board has authorized a share repurchase program on Wednesday, August 13th that authorizes the company to buyback $0.00 in outstanding shares. This buyback authorization authorizes the company to buy shares of its stock through open market purchases. Shares buyback programs are typically an indication that the company's board believes its stock is undervalued.

Insider Buying and Selling at Hilton Grand Vacations

In other news, insider Mark D. Wang sold 46,364 shares of Hilton Grand Vacations stock in a transaction on Wednesday, August 27th. The shares were sold at an average price of $47.34, for a total transaction of $2,194,871.76. Following the transaction, the insider owned 801,681 shares in the company, valued at approximately $37,951,578.54. The trade was a 5.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 2.70% of the company's stock.

Hedge Funds Weigh In On Hilton Grand Vacations

Several institutional investors have recently made changes to their positions in HGV. EverSource Wealth Advisors LLC raised its holdings in shares of Hilton Grand Vacations by 743.4% during the second quarter. EverSource Wealth Advisors LLC now owns 641 shares of the company's stock valued at $27,000 after purchasing an additional 565 shares during the period. Signaturefd LLC grew its position in Hilton Grand Vacations by 136.9% in the 1st quarter. Signaturefd LLC now owns 860 shares of the company's stock worth $32,000 after purchasing an additional 497 shares in the last quarter. Nomura Asset Management Co. Ltd. grew its position in Hilton Grand Vacations by 136.8% in the 2nd quarter. Nomura Asset Management Co. Ltd. now owns 900 shares of the company's stock worth $37,000 after purchasing an additional 520 shares in the last quarter. State of Wyoming bought a new stake in Hilton Grand Vacations in the 1st quarter worth about $48,000. Finally, CWM LLC grew its position in Hilton Grand Vacations by 69.8% in the 2nd quarter. CWM LLC now owns 1,277 shares of the company's stock worth $53,000 after purchasing an additional 525 shares in the last quarter. Institutional investors and hedge funds 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.

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