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

Shares of Vail Resorts, Inc. (NYSE:MTN) have earned an average recommendation of “Hold” from the nine ratings firms that are presently covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating on the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $193.56.

Several equities research analysts have recently weighed in on MTN shares. JPMorgan Chase & Co. boosted their target price on shares of Vail Resorts from $166.00 to $167.00 and gave the stock an “underweight” rating in a research report on Tuesday, March 11th. StockNews.com raised Vail Resorts from a “sell” rating to a “hold” rating in a report on Friday, December 13th. Morgan Stanley reduced their target price on Vail Resorts from $197.00 to $178.00 and set an “equal weight” rating on the stock in a report on Tuesday, March 11th. Barclays reiterated an “underweight” rating and issued a $152.00 price target (down from $165.00) on shares of Vail Resorts in a report on Monday, March 10th. Finally, Mizuho reduced their price objective on Vail Resorts from $227.00 to $215.00 and set an “outperform” rating on the stock in a research note on Tuesday, March 11th.

Vail Resorts Stock Down 0.8 %

Shares of Vail Resorts stock opened at $160.19 on Tuesday. The company has a debt-to-equity ratio of 3.64, a current ratio of 0.63 and a quick ratio of 0.51. Vail Resorts has a 1-year low of $151.99 and a 1-year high of $233.57. The business has a 50-day moving average of $163.21 and a 200-day moving average of $173.98. The company has a market capitalization of $5.98 billion, a PE ratio of 26.61, a P/E/G ratio of 1.93 and a beta of 1.12.

Vail Resorts (NYSE:MTN) last released its quarterly earnings results on Monday, March 10th. The company reported $6.56 earnings per share for the quarter, topping analysts’ consensus estimates of $6.29 by $0.27. The business had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.14 billion. Vail Resorts had a net margin of 8.07% and a return on equity of 21.90%. The business’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same quarter last year, the company earned $5.76 earnings per share. As a group, equities analysts forecast that Vail Resorts will post 7.62 EPS for the current fiscal year.

Vail Resorts Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders of record on Thursday, March 27th will be paid a $2.22 dividend. This represents a $8.88 dividend on an annualized basis and a yield of 5.54%. The ex-dividend date of this dividend is Thursday, March 27th. Vail Resorts’s payout ratio is 130.21%.

Insider Activity

In other news, CFO Angela A. Korch acquired 185 shares of the business’s stock in a transaction that occurred on Thursday, March 13th. The shares were purchased at an average cost of $160.00 per share, for a total transaction of $29,600.00. Following the transaction, the chief financial officer now directly owns 2,956 shares in the company, valued at $472,960. This trade represents a 6.68 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.20% of the company’s stock.

Institutional Investors Weigh In On Vail Resorts

Several large investors have recently made changes to their positions in the company. Wellington Management Group LLP bought a new position in Vail Resorts in the 4th quarter worth approximately $224,000. Azzad Asset Management Inc. ADV grew its stake in shares of Vail Resorts by 11.3% in the fourth quarter. Azzad Asset Management Inc. ADV now owns 11,436 shares of the company’s stock worth $2,144,000 after purchasing an additional 1,164 shares in the last quarter. Heck Capital Advisors LLC acquired a new position in shares of Vail Resorts during the fourth quarter valued at $33,000. Integrated Advisors Network LLC bought a new stake in shares of Vail Resorts during the fourth quarter valued at about $3,637,000. Finally, Parr Mcknight Wealth Management Group LLC acquired a new stake in Vail Resorts in the fourth quarter worth about $1,015,000. Institutional investors and hedge funds 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.