Mizuho Issues Positive Forecast for Vail Resorts (NYSE:MTN) Stock Price

Vail Resorts (NYSE:MTN) had its target price upped by Mizuho from $222.00 to $227.00 in a research report sent to investors on Tuesday,Benzinga reports. They currently have an outperform rating on the stock.

A number of other analysts also recently issued reports on MTN. Barclays decreased their price target on Vail Resorts from $161.00 to $155.00 and set an “underweight” rating for the company in a report on Friday, September 27th. Deutsche Bank Aktiengesellschaft raised their target price on Vail Resorts from $185.00 to $196.00 and gave the stock a “hold” rating in a research report on Monday. Stifel Nicolaus lowered their price target on Vail Resorts from $223.00 to $216.00 and set a “buy” rating for the company in a report on Friday, September 27th. Macquarie reissued a “neutral” rating and set a $180.00 price objective on shares of Vail Resorts in a report on Wednesday, October 2nd. Finally, UBS Group assumed coverage on shares of Vail Resorts in a research report on Thursday, November 14th. They set a “neutral” rating and a $185.00 price objective for the company. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $205.50.

Vail Resorts Stock Performance

Shares of MTN opened at $193.93 on Tuesday. Vail Resorts has a 1 year low of $165.00 and a 1 year high of $236.92. The stock has a market capitalization of $7.27 billion, a PE ratio of 32.16, a PEG ratio of 1.97 and a beta of 1.14. The company has a debt-to-equity ratio of 2.62, a quick ratio of 0.71 and a current ratio of 0.82. The stock has a 50-day simple moving average of $177.00 and a 200-day simple moving average of $178.87.

Vail Resorts (NYSE:MTN) last issued its quarterly earnings results on Monday, December 9th. The company reported ($4.61) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($4.99) by $0.38. Vail Resorts had a net margin of 7.99% and a return on equity of 20.76%. The company had revenue of $260.28 million during the quarter, compared to the consensus estimate of $251.45 million. During the same quarter in the previous year, the firm earned ($4.60) earnings per share. The firm’s quarterly revenue was up .7% on a year-over-year basis. On average, analysts predict that Vail Resorts will post 7.23 earnings per share for the current fiscal year.

Vail Resorts Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 9th. Stockholders of record on Thursday, December 26th will be issued a $2.22 dividend. The ex-dividend date of this dividend is Thursday, December 26th. This represents a $8.88 dividend on an annualized basis and a dividend yield of 4.58%. Vail Resorts’s payout ratio is 147.26%.

Insider Activity at Vail Resorts

In related news, Director John F. Sorte sold 1,670 shares of the stock in a transaction on Wednesday, October 2nd. The stock was sold at an average price of $173.07, for a total transaction of $289,026.90. Following the completion of the sale, the director now directly owns 45,111 shares of the company’s stock, valued at $7,807,360.77. This trade represents a 3.57 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Robert A. Katz sold 9,296 shares of Vail Resorts stock in a transaction on Wednesday, October 2nd. The shares were sold at an average price of $175.98, for a total transaction of $1,635,910.08. Following the completion of the transaction, the insider now owns 245,961 shares in the company, valued at approximately $43,284,216.78. This trade represents a 3.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.20% of the stock is owned by insiders.

Institutional Trading of Vail Resorts

Hedge funds have recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Vail Resorts in the 2nd quarter valued at approximately $257,000. GPS Wealth Strategies Group LLC lifted its holdings in Vail Resorts by 37.2% in the second quarter. GPS Wealth Strategies Group LLC now owns 479 shares of the company’s stock valued at $86,000 after acquiring an additional 130 shares during the period. Envestnet Portfolio Solutions Inc. boosted its position in shares of Vail Resorts by 25.6% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 7,988 shares of the company’s stock worth $1,439,000 after purchasing an additional 1,626 shares in the last quarter. Assenagon Asset Management S.A. grew its stake in shares of Vail Resorts by 620.0% during the 2nd quarter. Assenagon Asset Management S.A. now owns 16,610 shares of the company’s stock worth $2,992,000 after purchasing an additional 14,303 shares during the period. Finally, Triad Wealth Partners LLC acquired a new position in shares of Vail Resorts during the 2nd quarter worth $51,000. Institutional investors and hedge funds own 94.94% of the company’s stock.

Vail Resorts Company Profile

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.