Key Points
- Insider sale: Hilton Grand Vacations insider Carlos Hernandez sold 5,595 shares at an average price of $46.69, totaling about $261,230. After the sale, he still owned 14,080 shares, a 28.44% reduction in his stake.
- Strong recent earnings: HGV reported quarterly EPS of $0.99, easily topping the $0.56 consensus estimate, while revenue rose 11.9% year over year to $1.29 billion. The company also beat revenue expectations and posted a 17.62% return on equity.
- Analyst and trading backdrop: The stock was trading around $48.94 and has ranged from $36.79 to $52.08 over the past year. Analysts are mixed but generally constructive, with a consensus rating of Hold and an average price target of $55.22.
Hilton Grand Vacations Inc. (NYSE:HGV - Get Free Report) insider Carlos Hernandez sold 5,595 shares of Hilton Grand Vacations stock in a transaction dated Tuesday, May 19th. The stock was sold at an average price of $46.69, for a total value of $261,230.55. Following the transaction, the insider directly owned 14,080 shares in the company, valued at $657,395.20. The trade was a 28.44% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.
Hilton Grand Vacations Trading Up 0.3%
Shares of HGV stock opened at $48.94 on Friday. Hilton Grand Vacations Inc. has a 1-year low of $36.79 and a 1-year high of $52.08. 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 stock has a market cap of $3.90 billion, a price-to-earnings ratio of 26.17, a PEG ratio of 0.73 and a beta of 1.49. The stock has a 50-day moving average of $44.25 and a 200-day moving average of $44.25.
Hilton Grand Vacations (NYSE:HGV - Get Free Report) last announced its earnings results on Thursday, April 30th. The company reported $0.99 EPS for the quarter, beating 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 business had revenue of $1.29 billion for the quarter, compared to analysts' expectations of $1.27 billion. During the same period in the prior year, the business posted $0.09 earnings per share. The firm's revenue was up 11.9% on a year-over-year basis. On average, equities research analysts forecast that Hilton Grand Vacations Inc. will post 3.03 earnings per share for the current year.
Wall Street Analyst Weigh In
Several equities research analysts have recently weighed in on the stock. Truist Financial increased their price objective on shares of Hilton Grand Vacations from $67.00 to $71.00 and gave the stock a "buy" rating in a research report on Monday. Citizens Jmp upped their price target on shares of Hilton Grand Vacations from $50.00 to $55.00 and gave the company a "market outperform" rating in a research report on Monday, March 9th. Wall Street Zen raised Hilton Grand Vacations from a "buy" rating to a "strong-buy" rating in a research report on Saturday, May 2nd. The Goldman Sachs Group reissued a "sell" rating and issued a $40.00 price objective on shares of Hilton Grand Vacations in a research note on Thursday, February 26th. Finally, Barclays boosted their price target on shares of 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. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, five have assigned a Hold rating and one has assigned a Sell 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 $55.22.
Check Out Our Latest Report on Hilton Grand Vacations
Institutional Trading of Hilton Grand Vacations
Several hedge funds have recently made changes to their positions in HGV. TFJ Management LLC raised its stake in 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 period. Iridian Asset Management LLC CT increased its stake in shares of Hilton Grand Vacations by 69.7% in the fourth quarter. Iridian Asset Management LLC CT now owns 464,964 shares of the company's stock worth $20,807,000 after purchasing an additional 190,909 shares in the last quarter. Tudor Investment Corp ET AL bought a new stake in shares of Hilton Grand Vacations in the third quarter valued at approximately $6,956,000. Hudson Bay Capital Management LP bought a new stake in shares of Hilton Grand Vacations in the third quarter valued at approximately $2,967,000. Finally, WINTON GROUP Ltd purchased a new stake in shares of Hilton Grand Vacations during the 3rd quarter valued at approximately $4,386,000. 97.23% of the stock is currently owned by institutional investors.
Hilton Grand Vacations Company Profile
(
Get Free Report)
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.
See Also
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
