Vail Resorts, Inc. (NYSE:MTN) Given Average Recommendation of “Hold” by Brokerages

Vail Resorts, Inc. (NYSE:MTN) has earned a consensus recommendation of “Hold” from the ten ratings firms that are covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $205.50.

A number of brokerages have weighed in on MTN. Stifel Nicolaus boosted their target price on shares of Vail Resorts from $216.00 to $217.00 and gave the stock a “buy” rating in a research note on Tuesday, December 10th. UBS Group initiated coverage on shares of Vail Resorts in a research report on Thursday, November 14th. They issued a “neutral” rating and a $185.00 price objective for the company. Macquarie increased their price objective on Vail Resorts from $180.00 to $195.00 and gave the company a “neutral” rating in a research report on Wednesday, December 11th. Truist Financial lowered their target price on Vail Resorts from $250.00 to $247.00 and set a “buy” rating for the company in a research note on Tuesday, December 10th. Finally, Barclays upped their price target on Vail Resorts from $155.00 to $165.00 and gave the company an “underweight” rating in a research note on Tuesday, December 10th.

Vail Resorts Stock Performance

NYSE:MTN opened at $181.73 on Friday. The stock has a market capitalization of $6.80 billion, a P/E ratio of 30.19, a price-to-earnings-growth ratio of 2.22 and a beta of 1.14. The company has a current ratio of 0.63, a quick ratio of 0.71 and a debt-to-equity ratio of 3.64. Vail Resorts has a 1 year low of $165.00 and a 1 year high of $236.92. The firm has a 50 day moving average of $178.54 and a 200-day moving average of $178.82.

Vail Resorts (NYSE:MTN) last posted its quarterly earnings data 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 company had revenue of $260.28 million for the quarter, compared to analyst estimates of $251.45 million. During the same quarter in the previous year, the firm earned ($4.60) earnings per share. The business’s revenue was up .7% on a year-over-year basis. As a group, sell-side analysts anticipate that Vail Resorts will post 7.49 EPS for the current fiscal year.

Vail Resorts Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 9th. Shareholders of record on Thursday, December 26th will be issued a dividend of $2.22 per share. This represents a $8.88 dividend on an annualized basis and a yield of 4.89%. The ex-dividend date is Thursday, December 26th. Vail Resorts’s dividend payout ratio (DPR) is currently 147.51%.

Insider Transactions at Vail Resorts

In other Vail Resorts news, CFO Angela A. Korch bought 165 shares of Vail Resorts stock in a transaction on Thursday, October 3rd. The shares were purchased at an average cost of $173.09 per share, for a total transaction of $28,559.85. Following the completion of the acquisition, the chief financial officer now owns 2,187 shares in the company, valued at approximately $378,547.83. The trade was a 8.16 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Robert A. Katz sold 9,296 shares of the stock in a transaction dated Wednesday, October 2nd. The stock was sold at an average price of $175.98, for a total value of $1,635,910.08. Following the completion of the sale, the insider now owns 245,961 shares of the company’s stock, valued at $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. Corporate insiders own 1.20% of the company’s stock.

Hedge Funds Weigh In On Vail Resorts

Institutional investors have recently modified their holdings of the business. Signaturefd LLC lifted its stake in Vail Resorts by 150.9% in the second quarter. Signaturefd LLC now owns 138 shares of the company’s stock valued at $25,000 after buying an additional 83 shares in the last quarter. V Square Quantitative Management LLC acquired a new stake in shares of Vail Resorts during the third quarter worth $25,000. Capital Performance Advisors LLP acquired a new stake in shares of Vail Resorts during the third quarter worth $25,000. Brown Brothers Harriman & Co. lifted its position in Vail Resorts by 318.8% in the 2nd quarter. Brown Brothers Harriman & Co. now owns 201 shares of the company’s stock valued at $36,000 after acquiring an additional 153 shares in the last quarter. Finally, UMB Bank n.a. boosted its stake in 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 purchasing an additional 121 shares during the period. 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.