Vail Resorts (NYSE:MTN) Upgraded at StockNews.com

StockNews.com upgraded shares of Vail Resorts (NYSE:MTN) from a sell rating to a hold rating in a research note published on Friday morning.

Other equities analysts have also recently issued reports about the stock. Morgan Stanley boosted their price objective on shares of Vail Resorts from $182.00 to $197.00 and gave the company an “equal weight” rating in a research note on Tuesday, December 10th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Vail Resorts from $185.00 to $196.00 and gave the company a “hold” rating in a research report on Monday, December 9th. Barclays lifted their price objective on Vail Resorts from $155.00 to $165.00 and gave the company an “underweight” rating in a report on Tuesday, December 10th. Truist Financial reduced their price target on Vail Resorts from $250.00 to $247.00 and set a “buy” rating for the company in a report on Tuesday, December 10th. Finally, Stifel Nicolaus upped their price objective on Vail Resorts from $216.00 to $217.00 and gave the stock a “buy” rating in a report on Tuesday, December 10th. Two equities research 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’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $205.50.

Vail Resorts Trading Down 1.8 %

NYSE:MTN opened at $190.42 on Friday. The stock has a 50-day simple moving average of $177.35 and a 200-day simple moving average of $178.73. The stock has a market cap of $7.13 billion, a P/E ratio of 31.63, a P/E/G ratio of 2.22 and a beta of 1.14. Vail Resorts has a 1 year low of $165.00 and a 1 year high of $236.92. The company has a debt-to-equity ratio of 3.64, a quick ratio of 0.71 and a current ratio of 0.63.

Vail Resorts (NYSE:MTN) last posted its earnings results on Monday, December 9th. The company reported ($4.61) earnings per share for the quarter, beating the consensus estimate of ($4.99) by $0.38. The business had revenue of $260.28 million during the quarter, compared to the consensus estimate of $251.45 million. Vail Resorts had a return on equity of 21.90% and a net margin of 8.07%. The business’s quarterly revenue was up .7% on a year-over-year basis. During the same period in the previous year, the business earned ($4.60) EPS. As a group, analysts anticipate that Vail Resorts will post 7.49 earnings per share for the current fiscal year.

Vail Resorts Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 9th. Shareholders of record on Thursday, December 26th will be paid a dividend of $2.22 per share. The ex-dividend date is Thursday, December 26th. This represents a $8.88 annualized dividend and a yield of 4.66%. Vail Resorts’s dividend payout ratio is currently 147.51%.

Insider Buying and Selling

In other news, insider Robert A. Katz sold 9,296 shares of the firm’s stock in a transaction dated Wednesday, October 2nd. The stock was sold at an average price of $175.98, for a total transaction of $1,635,910.08. Following the completion of the sale, the insider now directly owns 245,961 shares in the company, valued at $43,284,216.78. This trade represents a 3.64 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Angela A. Korch purchased 165 shares of Vail Resorts stock in a transaction that occurred on Thursday, October 3rd. The stock was acquired at an average cost of $173.09 per share, with a total value of $28,559.85. Following the acquisition, the chief financial officer now directly owns 2,187 shares of the company’s stock, valued at $378,547.83. The trade was a 8.16 % increase in their position. The disclosure for this purchase can be found here. 1.20% of the stock is owned by corporate insiders.

Institutional Trading of Vail Resorts

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Signaturefd LLC grew its stake in Vail Resorts by 150.9% in the second quarter. Signaturefd LLC now owns 138 shares of the company’s stock worth $25,000 after purchasing an additional 83 shares in the last quarter. V Square Quantitative Management LLC acquired a new position in Vail Resorts in the third quarter worth $25,000. Capital Performance Advisors LLP bought a new stake in Vail Resorts during the third quarter valued at $25,000. Brown Brothers Harriman & Co. raised its holdings in shares of Vail Resorts by 318.8% during the second quarter. Brown Brothers Harriman & Co. now owns 201 shares of the company’s stock worth $36,000 after purchasing an additional 153 shares during the period. Finally, UMB Bank n.a. lifted its position in shares of Vail Resorts by 123.5% in the 3rd quarter. UMB Bank n.a. now owns 219 shares of the company’s stock worth $38,000 after buying an additional 121 shares during the last quarter. Institutional investors 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.