Hilton Grand Vacations Inc. (NYSE: HGV) stock jumped 1.26% on Thursday to $45.15 against a previous-day closing price of $44.59. With 0.53 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.08 million shares. During the session, the Resorts & Casinos company that operates in wider Consumer Cyclical sector, reached to the highest price of $45.42 whereas the lowest price it dropped to was $44.51. The 52-week range on HGV shows that it touched its highest point at $51.81 and its lowest point at $32.12 during that stretch. It currently has a 1-year price target of $63.20. Beta for the stock currently stands at 2.02.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of HGV was down-trending over the past week, with a drop of -0.35%, but this was up by 2.57% over a month. Three-month performance dropped to -3.34% while six-month performance rose 6.66%. The stock gained 10.85% in the past year, while it has gained 17.15% so far this year. A look at the trailing 12-month EPS for HGV yields 3.18 with Next year EPS estimates of 4.61. For the next quarter, that number is 0.82. This implies an EPS growth rate of 68.30% for this year and 12.34% for next year. EPS is expected to grow by 20.60% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 8.50%.
Float and Shares Shorts:
At present, 113.00 million HGV shares are outstanding with a float of 101.64 million shares on hand for trading. On May 14, 2023, short shares totaled 7.03 million, which was 6.31% higher than short shares on Apr 13, 2023. In addition to Mr. Mark D. Wang as the firm’s Pres, CEO & Director, Mr. Daniel J. Mathewes serves as its Sr. EVP & CFO.
Institutional Ownership:
Through their ownership of 100.94% of HGV’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 46.31% of HGV, in contrast to 33.20% held by mutual funds. Shares owned by individuals account for 29.19%. As the largest shareholder in HGV with 7.99% of the stake, BlackRock Fund Advisors holds 8,962,352 shares worth 8,962,352. A second-largest stockholder of HGV, The Vanguard Group, Inc., holds 8,315,569 shares, controlling over 7.41% of the firm’s shares. CAS Investment Partners LLC is the third largest shareholder in HGV, holding 6,869,465 shares or 6.12% stake. With a 2.38% stake in HGV, the Vanguard Total Stock Market ETF is the largest stakeholder. A total of 2,674,105 shares are owned by the mutual fund manager. The iShares Core S&P Mid Cap ETF, which owns about 2.21% of HGV stock, is the second-largest Mutual Fund holder. It holds 2,477,383 shares valued at 106.03 million. Vanguard Small Cap Index Fund holds 2.01% of the stake in HGV, owning 2,257,360 shares worth 96.62 million.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Mar 30, 2023, HGV reported revenue of $948.00M and operating income of $161.00M. The EBITDA in the recently reported quarter was $227.00M and diluted EPS was $0.60.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for HGV since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With HGV analysts setting a high price target of $85.00 and a low target of $49.00, the average target price over the next 12 months is $63.20. Based on these targets, HGV could surge 88.26% to reach the target high and rise by 8.53% to reach the target low. Reaching the average price target will result in a growth of 39.98% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.
Summary of Insider Activity:
Insiders traded HGV stock several times over the past three months with 7 Buys and 18 Sells. In these transactions, 150,841 shares were bought while 121,746 shares were sold. The number of buy transactions has increased to 12 while that of sell transactions has risen to 25 over the past year. The total number of shares bought during that period was 313,954 while 182,869 shares were sold.
