Hilton Grand Vacations (NYSE:HGV) Hits New 12-Month Low – Here’s Why

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

Wall Street Analyst Weigh In

HGV has been the subject of a number of recent research reports. Mizuho upped their price objective on shares of Hilton Grand Vacations from $55.00 to $60.00 and gave the stock an “outperform” rating in a report on Friday, February 28th. Barclays increased their price target on Hilton Grand Vacations from $41.00 to $45.00 and gave the company an “equal weight” rating in a report on Friday, February 28th. Morgan Stanley started 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. JMP Securities lowered their price target on Hilton Grand Vacations from $55.00 to $50.00 and set a “market outperform” rating on the stock in a research report on Wednesday, December 18th. Finally, Truist Financial lifted their price objective on Hilton Grand Vacations from $51.00 to $63.00 and gave the stock a “buy” rating in a research note on Friday, March 7th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $47.25.

Hilton Grand Vacations Stock Performance

The stock has a market capitalization of $3.10 billion, a P/E ratio of 36.95, a PEG ratio of 2.20 and a beta of 1.68. The company has a quick ratio of 3.08, a current ratio of 4.83 and a debt-to-equity ratio of 3.32. The firm has a 50-day moving average of $39.90 and a 200 day moving average of $39.41.

Hilton Grand Vacations (NYSE:HGV) last posted its earnings results on Thursday, February 27th. The company reported $0.49 EPS for the quarter, missing the consensus estimate 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 company had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.28 billion. Research analysts anticipate that Hilton Grand Vacations Inc. will post 3.39 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Covestor Ltd grew its holdings in shares of Hilton Grand Vacations by 432.4% during the fourth quarter. Covestor Ltd now owns 1,283 shares of the company’s stock worth $50,000 after purchasing an additional 1,042 shares during the last quarter. KBC Group NV increased its position in Hilton Grand Vacations by 41.2% in the 4th quarter. KBC Group NV now owns 3,046 shares of the company’s stock valued at $119,000 after acquiring an additional 889 shares in the last quarter. Aigen Investment Management LP bought a new position in shares of Hilton Grand Vacations in the fourth quarter worth about $200,000. Crossmark Global Holdings Inc. acquired a new position in shares of Hilton Grand Vacations during the fourth quarter worth approximately $204,000. Finally, FourThought Financial Partners LLC bought a new stake in shares of Hilton Grand Vacations during the fourth quarter valued at approximately $232,000. Institutional investors 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.