Hilton Grand Vacations (NYSE:HGV) Reaches New 12-Month Low – What’s Next?

Shares of Hilton Grand Vacations Inc. (NYSE:HGV) hit a new 52-week low on Friday . The stock traded as low as $31.65 and last traded at $32.57, with a volume of 77443 shares trading hands. The stock had previously closed at $34.48.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on HGV. Morgan Stanley began coverage on shares of Hilton Grand Vacations in a report on Monday, January 6th. They issued an “overweight” rating and a $47.00 target price on the stock. The Goldman Sachs Group boosted their price objective on shares of Hilton Grand Vacations from $37.00 to $42.00 and gave the company a “sell” rating in a research report on Tuesday, March 4th. Truist Financial increased their target price on shares of Hilton Grand Vacations from $51.00 to $63.00 and gave the stock a “buy” rating in a report on Friday, March 7th. Mizuho boosted their price target on Hilton Grand Vacations from $55.00 to $60.00 and gave the company an “outperform” rating in a report on Friday, February 28th. Finally, StockNews.com upgraded Hilton Grand Vacations from a “sell” rating to a “hold” rating in a research report on Saturday, March 1st. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $47.25.

Hilton Grand Vacations Price Performance

The stock has a market cap of $3.18 billion, a P/E ratio of 38.23, a price-to-earnings-growth ratio of 2.20 and a beta of 1.68. The company has a debt-to-equity ratio of 3.32, a quick ratio of 3.08 and a current ratio of 4.83. The firm has a 50-day moving average price of $39.75 and a 200-day moving average price of $39.40.

Hilton Grand Vacations (NYSE:HGV) last posted its quarterly earnings data on Thursday, February 27th. The company reported $0.49 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.89 by ($0.40). Hilton Grand Vacations had a return on equity of 16.44% and a net margin of 2.01%. The firm had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.28 billion. On average, analysts forecast that Hilton Grand Vacations Inc. will post 3.39 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Hilton Grand Vacations

A number of hedge funds and other institutional investors have recently bought and sold shares of HGV. Amalgamated Bank lifted its holdings in shares of Hilton Grand Vacations by 0.9% during the fourth quarter. Amalgamated Bank now owns 28,884 shares of the company’s stock valued at $1,125,000 after purchasing an additional 263 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Hilton Grand Vacations by 0.8% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 40,689 shares of the company’s stock valued at $1,585,000 after buying an additional 303 shares during the last quarter. Bank of Montreal Can boosted its holdings in Hilton Grand Vacations by 5.1% in the fourth quarter. Bank of Montreal Can now owns 7,447 shares of the company’s stock worth $290,000 after acquiring an additional 361 shares in the last quarter. Tower Research Capital LLC TRC boosted its holdings in Hilton Grand Vacations by 7.1% in the fourth quarter. Tower Research Capital LLC TRC now owns 13,141 shares of the company’s stock worth $512,000 after acquiring an additional 869 shares in the last quarter. Finally, KBC Group NV grew its stake in shares of Hilton Grand Vacations by 41.2% in the fourth quarter. KBC Group NV now owns 3,046 shares of the company’s stock worth $119,000 after acquiring an additional 889 shares during the last quarter. Hedge funds and other institutional investors own 97.23% of the company’s stock.

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.