Vail Resorts, Inc. (NYSE:MTN) Receives Consensus Rating of “Hold” from Brokerages

Vail Resorts, Inc. (NYSE:MTN) has been given an average rating of “Hold” by the nine ratings firms that are covering the stock, Marketbeat reports. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $208.22.

Several analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft lowered their price target 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. Macquarie reaffirmed a “neutral” rating and set a $180.00 target price on shares of Vail Resorts in a report on Wednesday, October 2nd. Stifel Nicolaus decreased their target price on shares of Vail Resorts from $223.00 to $216.00 and set a “buy” rating on the stock in a report on Friday, September 27th. StockNews.com lowered shares of Vail Resorts from a “hold” rating to a “sell” rating in a report on Friday, September 27th. Finally, Barclays decreased their target price on shares of Vail Resorts from $161.00 to $155.00 and set an “underweight” rating on the stock in a report on Friday, September 27th.

Vail Resorts Stock Performance

NYSE MTN opened at $168.21 on Friday. The company’s 50 day moving average is $177.56 and its 200-day moving average is $184.75. Vail Resorts has a 12-month low of $165.14 and a 12-month high of $236.92. The company has a quick ratio of 0.71, a current ratio of 0.82 and a debt-to-equity ratio of 2.62. The firm has a market cap of $6.33 billion, a P/E ratio of 22.89, a price-to-earnings-growth ratio of 1.63 and a beta of 1.13.

Vail Resorts (NYSE:MTN) last posted its quarterly earnings results on Thursday, September 26th. The company reported ($4.67) earnings per share (EPS) for the quarter, missing the consensus estimate of ($4.28) by ($0.39). Vail Resorts had a net margin of 7.99% and a return on equity of 20.76%. The business had revenue of $265.39 million during the quarter, compared to the consensus estimate of $264.84 million. During the same period last year, the firm earned ($3.35) EPS. The business’s revenue for the quarter was down 1.6% on a year-over-year basis. Sell-side analysts predict that Vail Resorts will post 7.27 earnings per share for the current year.

Vail Resorts Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, October 24th. Stockholders of record on Tuesday, October 8th were issued a $2.22 dividend. This represents a $8.88 dividend on an annualized basis and a dividend yield of 5.28%. The ex-dividend date was Tuesday, October 8th. Vail Resorts’s payout ratio is 120.82%.

Insider Transactions at Vail Resorts

In other news, insider Robert A. Katz sold 9,296 shares of the stock in a transaction on Wednesday, October 2nd. The shares were sold at an average price of $175.98, for a total value of $1,635,910.08. Following the transaction, the insider now owns 245,961 shares of the company’s stock, valued at $43,284,216.78. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other Vail Resorts news, CFO Angela A. Korch acquired 165 shares of the business’s stock in a transaction dated Thursday, October 3rd. The stock was bought at an average price of $173.09 per share, with a total value of $28,559.85. Following the purchase, the chief financial officer now owns 2,187 shares of the company’s stock, valued at approximately $378,547.83. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Robert A. Katz sold 9,296 shares of the company’s 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 sale, the insider now directly owns 245,961 shares of the company’s stock, valued at $43,284,216.78. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.20% of the company’s stock.

Institutional Investors Weigh In On Vail Resorts

A number of institutional investors have recently made changes to their positions in the business. Park Avenue Securities LLC boosted its stake in shares of Vail Resorts by 2.1% in the 1st quarter. Park Avenue Securities LLC now owns 2,997 shares of the company’s stock valued at $668,000 after purchasing an additional 62 shares in the last quarter. Fairbanks Capital Management Inc. boosted its stake in shares of Vail Resorts by 2.5% in the 2nd quarter. Fairbanks Capital Management Inc. now owns 2,563 shares of the company’s stock valued at $462,000 after purchasing an additional 63 shares in the last quarter. Artemis Investment Management LLP boosted its stake in shares of Vail Resorts by 4.6% in the 2nd quarter. Artemis Investment Management LLP now owns 1,700 shares of the company’s stock valued at $306,000 after purchasing an additional 75 shares in the last quarter. Advisors Asset Management Inc. boosted its position in Vail Resorts by 8.5% during the 1st quarter. Advisors Asset Management Inc. now owns 993 shares of the company’s stock valued at $221,000 after buying an additional 78 shares during the period. Finally, Signaturefd LLC boosted its position in Vail Resorts by 150.9% during the 2nd quarter. Signaturefd LLC now owns 138 shares of the company’s stock valued at $25,000 after buying an additional 83 shares during the period. Hedge funds and other 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.