Brokerages Set Vail Resorts, Inc. (NYSE:MTN) Target Price at $211.75

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

A number of equities analysts have recently weighed in on MTN shares. JPMorgan Chase & Co. downgraded Vail Resorts from a “neutral” rating to an “underweight” rating and dropped their target price for the company from $217.00 to $176.00 in a report on Friday, June 7th. Barclays dropped their price objective on shares of Vail Resorts from $161.00 to $155.00 and set an “underweight” rating on the stock in a research note on Friday, September 27th. Morgan Stanley lifted their target price on shares of Vail Resorts from $179.00 to $182.00 and gave the company an “equal weight” rating in a research note on Wednesday, September 25th. Stifel Nicolaus dropped their price target on shares of Vail Resorts from $223.00 to $216.00 and set a “buy” rating on the stock in a research note on Friday, September 27th. Finally, Macquarie reiterated a “neutral” rating and set a $180.00 price objective on shares of Vail Resorts in a report on Wednesday.

Insider Buying and Selling at Vail Resorts

In related news, insider Robert A. Katz sold 9,296 shares of the business’s stock in a transaction that occurred on 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 directly owns 245,961 shares in the company, valued at approximately $43,284,216.78. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Vail Resorts news, Director John F. Sorte sold 1,670 shares of the company’s stock in a transaction dated Wednesday, October 2nd. The shares were 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 in the company, valued at $7,807,360.77. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Robert A. Katz sold 9,296 shares of Vail Resorts 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 transaction, the insider now owns 245,961 shares in the company, valued at $43,284,216.78. The disclosure for this sale can be found here. Corporate insiders own 1.20% of the company’s stock.

Institutional Trading of Vail Resorts

Several hedge funds have recently added to or reduced their stakes in MTN. Signaturefd LLC lifted its holdings in shares of Vail Resorts by 150.9% during the second quarter. Signaturefd LLC now owns 138 shares of the company’s stock worth $25,000 after buying an additional 83 shares during the last quarter. Quarry LP acquired a new position in Vail Resorts during the 4th quarter valued at $35,000. Brown Brothers Harriman & Co. raised its stake in Vail Resorts by 318.8% during the 2nd quarter. Brown Brothers Harriman & Co. now owns 201 shares of the company’s stock valued at $36,000 after purchasing an additional 153 shares during the last quarter. Canton Hathaway LLC boosted its holdings in Vail Resorts by 66.7% in the 2nd quarter. Canton Hathaway LLC now owns 250 shares of the company’s stock valued at $45,000 after purchasing an additional 100 shares during the period. Finally, GAMMA Investing LLC grew its position in Vail Resorts by 27.9% in the 1st quarter. GAMMA Investing LLC now owns 257 shares of the company’s stock worth $57,000 after purchasing an additional 56 shares during the last quarter. Institutional investors own 94.94% of the company’s stock.

Vail Resorts Stock Down 1.0 %

Shares of NYSE:MTN opened at $174.08 on Tuesday. The firm has a 50 day simple moving average of $179.20 and a 200 day simple moving average of $190.75. Vail Resorts has a 52 week low of $165.14 and a 52 week high of $236.92. The company has a debt-to-equity ratio of 2.04, a quick ratio of 1.08 and a current ratio of 1.18. The company has a market cap of $6.55 billion, a PE ratio of 23.68, a price-to-earnings-growth ratio of 2.48 and a beta of 1.13.

Vail Resorts (NYSE:MTN) last released its earnings results on Thursday, September 26th. The company reported ($4.67) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($4.28) by ($0.39). The business had revenue of $265.39 million during the quarter, compared to analysts’ expectations of $264.84 million. Vail Resorts had a net margin of 7.99% and a return on equity of 20.33%. Vail Resorts’s revenue for the quarter was down 1.6% on a year-over-year basis. During the same quarter in the previous year, the company earned ($3.35) EPS. As a group, research analysts expect that Vail Resorts will post 8.16 earnings per share for the current year.

Vail Resorts Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 24th. Shareholders of record on Tuesday, October 8th will be given a dividend of $2.22 per share. This represents a $8.88 annualized dividend and a yield of 5.10%. The ex-dividend date of this dividend is Tuesday, October 8th. Vail Resorts’s payout ratio is 120.82%.

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.