Vail Resorts (NYSE:MTN) Sets New 1-Year Low – Time to Sell?

Vail Resorts, Inc. (NYSE:MTN)’s stock price hit a new 52-week low during trading on Tuesday . The stock traded as low as $164.35 and last traded at $165.30, with a volume of 12724 shares trading hands. The stock had previously closed at $165.87.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on MTN shares. UBS Group started coverage on shares of Vail Resorts in a report on Thursday, November 14th. They set a “neutral” rating and a $185.00 target price for the company. Deutsche Bank Aktiengesellschaft lifted their price objective on Vail Resorts from $185.00 to $196.00 and gave the stock a “hold” rating in a research report on Monday, December 9th. Truist Financial decreased their target price on Vail Resorts from $250.00 to $247.00 and set a “buy” rating for the company in a report on Tuesday, December 10th. Barclays lifted their price target on shares of Vail Resorts from $155.00 to $165.00 and gave the company an “underweight” rating in a report on Tuesday, December 10th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Vail Resorts from $176.00 to $166.00 and set an “underweight” rating for the company in a report on Friday, January 17th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $204.50.

Vail Resorts Trading Down 0.6 %

The stock’s fifty day simple moving average is $180.05 and its two-hundred day simple moving average is $178.09. The firm has a market cap of $6.19 billion, a PE ratio of 27.46, a PEG ratio of 2.07 and a beta of 1.11. The company has a quick ratio of 0.51, a current ratio of 0.63 and a debt-to-equity ratio of 3.64.

Vail Resorts (NYSE:MTN) last issued its quarterly earnings results on Monday, December 9th. The company reported ($4.61) EPS for the quarter, topping analysts’ consensus estimates of ($4.99) by $0.38. Vail Resorts had a return on equity of 21.90% and a net margin of 8.07%. The firm had revenue of $260.28 million for the quarter, compared to analysts’ expectations of $251.45 million. During the same period in the previous year, the firm posted ($4.60) EPS. The business’s revenue for the quarter was up .7% compared to the same quarter last year. On average, sell-side analysts forecast that Vail Resorts, Inc. will post 7.62 EPS for the current fiscal year.

Vail Resorts Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, January 9th. Stockholders of record on Thursday, December 26th were issued a dividend of $2.22 per share. The ex-dividend date of this dividend was Thursday, December 26th. This represents a $8.88 annualized dividend and a dividend yield of 5.37%. Vail Resorts’s payout ratio is presently 147.51%.

Hedge Funds Weigh In On Vail Resorts

Hedge funds have recently bought and sold shares of the company. Procyon Advisors LLC lifted its stake in shares of Vail Resorts by 22.0% in the third quarter. Procyon Advisors LLC now owns 2,061 shares of the company’s stock worth $359,000 after buying an additional 371 shares in the last quarter. Creative Planning lifted its position in Vail Resorts by 16.3% in the 3rd quarter. Creative Planning now owns 2,522 shares of the company’s stock valued at $440,000 after acquiring an additional 354 shares in the last quarter. Mitchell & Pahl Private Wealth LLC boosted its stake in Vail Resorts by 9.9% during the 3rd quarter. Mitchell & Pahl Private Wealth LLC now owns 2,792 shares of the company’s stock valued at $487,000 after purchasing an additional 251 shares during the last quarter. Bleakley Financial Group LLC increased its holdings in shares of Vail Resorts by 9.1% in the 3rd quarter. Bleakley Financial Group LLC now owns 3,214 shares of the company’s stock worth $560,000 after purchasing an additional 269 shares in the last quarter. Finally, Marathon Asset Management Ltd purchased a new position in shares of Vail Resorts in the third quarter worth $14,908,000. Institutional investors own 94.94% of the company’s stock.

About Vail Resorts

Vail Resorts, Inc, through its subsidiaries, operates mountain resorts and regional ski areas in the United States. It operates through three segments: Mountain, Lodging, and Real Estate. The Mountain segment operates 41 destination mountain resorts and regional ski areas. This segment is also involved in the ancillary activities, including ski school, dining, and retail/rental operations, as well as real estate brokerage activities.