Key Points
- Insider sale: Hilton Grand Vacations insider Charles Jr. Corbin sold 32,907 shares for about $1.57 million at an average price of $47.66, reducing his direct ownership by 32.41%.
- Strong quarterly results: The company reported $0.99 EPS on revenue of $1.29 billion, beating analyst expectations and posting 11.9% year-over-year revenue growth.
- Wall Street outlook remains mixed: Analysts currently have a Hold consensus rating with a target price of $55.22, though some firms recently raised price targets and one upgraded the stock to Buy.
Hilton Grand Vacations Inc. (NYSE:HGV - Get Free Report) insider Charles Jr. Corbin sold 32,907 shares of the firm's stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $47.66, for a total transaction of $1,568,347.62. Following the transaction, the insider directly owned 68,615 shares in the company, valued at $3,270,190.90. This represents a 32.41% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.
Hilton Grand Vacations Stock Performance
NYSE HGV opened at $49.83 on Wednesday. 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 firm has a market capitalization of $3.97 billion, a price-to-earnings ratio of 26.65, a P/E/G ratio of 0.73 and a beta of 1.49. The firm's 50 day simple moving average is $44.66 and its 200 day simple moving average is $44.41. Hilton Grand Vacations Inc. has a 1 year low of $36.79 and a 1 year high of $52.08.
Hilton Grand Vacations (NYSE:HGV - Get Free Report) last posted its quarterly earnings results on Thursday, April 30th. The company reported $0.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.56 by $0.43. The business had revenue of $1.29 billion for the quarter, compared to analyst estimates of $1.27 billion. Hilton Grand Vacations had a net margin of 3.16% and a return on equity of 17.62%. The firm's revenue for the quarter was up 11.9% on a year-over-year basis. During the same quarter last year, the business posted $0.09 EPS. As a group, research analysts expect that Hilton Grand Vacations Inc. will post 3.03 earnings per share for the current fiscal year.
Institutional Trading of Hilton Grand Vacations
Hedge funds have recently added to or reduced their stakes in the stock. Leonteq Securities AG boosted its position in Hilton Grand Vacations by 189.7% in the first quarter. Leonteq Securities AG now owns 672 shares of the company's stock valued at $26,000 after buying an additional 440 shares in the last quarter. EverSource Wealth Advisors LLC boosted its position in Hilton Grand Vacations by 743.4% in the second quarter. EverSource Wealth Advisors LLC now owns 641 shares of the company's stock valued at $27,000 after buying an additional 565 shares in the last quarter. Bard Associates Inc. acquired a new stake in Hilton Grand Vacations in the fourth quarter valued at approximately $29,000. GAMMA Investing LLC boosted its position in Hilton Grand Vacations by 60.6% in the fourth quarter. GAMMA Investing LLC now owns 925 shares of the company's stock valued at $41,000 after buying an additional 349 shares in the last quarter. Finally, Kestra Advisory Services LLC acquired a new stake in Hilton Grand Vacations in the fourth quarter valued at approximately $44,000. Institutional investors and hedge funds own 97.23% of the company's stock.
Wall Street Analysts Forecast Growth
Several analysts recently issued reports on HGV shares. Weiss Ratings upgraded shares of Hilton Grand Vacations from a "sell (d+)" rating to a "hold (c-)" rating in a research report on Tuesday, February 17th. Barclays increased their price target on shares of Hilton Grand Vacations from $48.00 to $51.00 and gave the stock an "equal weight" rating in a research report on Friday, May 1st. Truist Financial increased their price target 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, May 18th. Morgan Stanley increased their price target on shares of Hilton Grand Vacations from $49.00 to $55.00 and gave the stock an "equal weight" rating in a research report on Friday, April 10th. Finally, Mizuho reduced their price target on shares of Hilton Grand Vacations from $73.00 to $69.00 and set an "outperform" rating on the stock in a research report on Friday, February 27th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $55.22.
Read Our Latest Stock Analysis on Hilton Grand Vacations
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.
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