Brokerages Set Vail Resorts, Inc. (NYSE:MTN) PT at $205.50

Vail Resorts, Inc. (NYSE:MTN) has been assigned an average rating of “Hold” from the ten research firms that are presently covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $205.50.

MTN has been the subject of a number of research analyst reports. Macquarie boosted their price target on Vail Resorts from $180.00 to $195.00 and gave the stock a “neutral” rating in a 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. Morgan Stanley increased their target price on shares of Vail Resorts from $182.00 to $197.00 and gave the stock an “equal weight” rating in a report on Tuesday, December 10th. StockNews.com raised shares of Vail Resorts from a “sell” rating to a “hold” rating in a report on Friday, December 13th. Finally, 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 target price on the stock.

Vail Resorts Trading Down 1.1 %

MTN opened at $189.19 on Friday. The company has a quick ratio of 0.71, a current ratio of 0.63 and a debt-to-equity ratio of 3.64. Vail Resorts has a twelve month low of $165.00 and a twelve month high of $236.92. The stock has a market capitalization of $7.08 billion, a price-to-earnings ratio of 31.43, a P/E/G ratio of 2.22 and a beta of 1.14. The company has a 50-day simple moving average of $178.07 and a 200 day simple moving average of $178.78.

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

Vail Resorts Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 9th. Stockholders of record on Thursday, December 26th will be issued a dividend of $2.22 per share. The ex-dividend date is Thursday, December 26th. This represents a $8.88 dividend on an annualized basis and a dividend yield of 4.69%. Vail Resorts’s dividend payout ratio (DPR) is presently 147.51%.

Insider Activity at Vail Resorts

In other news, Director John F. Sorte sold 1,670 shares of the company’s stock in a transaction on Wednesday, October 2nd. The shares were sold at an average price of $173.07, for a total value of $289,026.90. Following the sale, the director now directly owns 45,111 shares of the company’s stock, valued at approximately $7,807,360.77. This represents a 3.57 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 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 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 position. The disclosure for this sale can be found here. 1.20% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Vail Resorts

Hedge funds have recently added to or reduced their stakes in the business. Commonwealth Equity Services LLC raised its stake in Vail Resorts by 507.3% during the 2nd quarter. Commonwealth Equity Services LLC now owns 11,380 shares of the company’s stock worth $2,050,000 after buying an additional 9,506 shares during the period. Stifel Financial Corp increased its holdings in shares of Vail Resorts by 47.6% during the third quarter. Stifel Financial Corp now owns 21,131 shares of the company’s stock valued at $3,683,000 after acquiring an additional 6,816 shares in the last quarter. AQR Capital Management LLC raised its position in shares of Vail Resorts by 1,063.7% during the second quarter. AQR Capital Management LLC now owns 177,033 shares of the company’s stock worth $31,767,000 after purchasing an additional 161,820 shares during the period. River Road Asset Management LLC lifted its holdings in shares of Vail Resorts by 606.6% in the 3rd quarter. River Road Asset Management LLC now owns 341,311 shares of the company’s stock worth $59,487,000 after purchasing an additional 293,006 shares in the last quarter. Finally, Point72 Hong Kong Ltd acquired a new stake in Vail Resorts in the 3rd quarter valued at $12,577,000. 94.94% of the stock is currently owned by institutional investors.

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.