Vail Resorts (NYSE:MTN) Price Target Lowered to $155.00 at Barclays

Vail Resorts (NYSE:MTN) had its target price cut by Barclays from $161.00 to $155.00 in a research report report published on Friday morning, Benzinga reports. They currently have an underweight rating on the stock.

Several other equities analysts also recently commented on MTN. Morgan Stanley upped their price target on shares of Vail Resorts from $179.00 to $182.00 and gave the company an equal weight rating in a report on Wednesday. Stifel Nicolaus lowered their price objective on shares of Vail Resorts from $223.00 to $216.00 and set a buy rating for the company in a research report on Friday. Mizuho reduced their target price on shares of Vail Resorts from $256.00 to $231.00 and set a buy rating on the stock in a research report on Friday, June 7th. JPMorgan Chase & Co. lowered shares of Vail Resorts from a neutral rating to an underweight rating and reduced their target price for the stock from $217.00 to $176.00 in a research report on Friday, June 7th. Finally, Deutsche Bank Aktiengesellschaft reduced their target price on shares of Vail Resorts from $218.00 to $194.00 and set a hold rating on the stock in a research report on Monday, September 16th. Three investment analysts have rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of Hold and an average target price of $211.75.

Vail Resorts Stock Performance

Vail Resorts stock opened at $180.65 on Friday. The company has a market cap of $6.80 billion, a PE ratio of 24.58, a price-to-earnings-growth ratio of 2.56 and a beta of 1.14. Vail Resorts has a twelve month low of $165.14 and a twelve month high of $242.47. The company’s 50-day moving average price is $179.54 and its 200-day moving average price is $191.96. The company has a quick ratio of 1.08, a current ratio of 1.18 and a debt-to-equity ratio of 2.04.

Vail Resorts (NYSE:MTN) last issued its quarterly earnings results on Thursday, September 26th. The company reported ($4.67) EPS for the quarter, missing the consensus estimate of ($4.28) by ($0.39). The firm had revenue of $265.39 million for the quarter, compared to the consensus estimate of $264.84 million. Vail Resorts had a net margin of 9.59% and a return on equity of 23.41%. The business’s revenue for the quarter was down 1.6% on a year-over-year basis. During the same quarter in the previous year, the company posted ($3.35) earnings per share. On average, equities research analysts forecast that Vail Resorts will post 6.44 EPS for the current fiscal year.

Vail Resorts Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 24th. Stockholders of record on Tuesday, October 8th will be paid a dividend of $2.22 per share. The ex-dividend date is Tuesday, October 8th. This represents a $8.88 dividend on an annualized basis and a dividend yield of 4.92%. Vail Resorts’s dividend payout ratio is presently 120.82%.

Hedge Funds Weigh In On Vail Resorts

A number of hedge funds and other institutional investors have recently modified their holdings of MTN. Sanctuary Advisors LLC acquired a new stake in Vail Resorts in the second quarter valued at approximately $4,010,000. Dana Investment Advisors Inc. acquired a new stake in Vail Resorts in the second quarter valued at approximately $1,739,000. Aurora Investment Counsel boosted its stake in Vail Resorts by 24.6% in the second quarter. Aurora Investment Counsel now owns 12,812 shares of the company’s stock valued at $2,308,000 after acquiring an additional 2,532 shares in the last quarter. Regal Investment Advisors LLC boosted its stake in Vail Resorts by 23.9% in the second quarter. Regal Investment Advisors LLC now owns 1,406 shares of the company’s stock valued at $253,000 after acquiring an additional 271 shares in the last quarter. Finally, Algert Global LLC acquired a new stake in Vail Resorts in the second quarter valued at approximately $689,000. 94.94% of the stock is currently owned by institutional investors.

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.