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

Vail Resorts, Inc. (NYSE:MTN) has earned an average recommendation of “Hold” from the nine research firms that are currently covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $193.56.

MTN has been the subject of several research reports. Truist Financial dropped their price objective on shares of Vail Resorts from $250.00 to $247.00 and set a “buy” rating for the company in a research note on Tuesday, December 10th. Deutsche Bank Aktiengesellschaft upped their price target on Vail Resorts from $185.00 to $196.00 and gave the company a “hold” rating in a research report on Monday, December 9th. Stifel Nicolaus lifted their price objective on Vail Resorts from $216.00 to $217.00 and gave the stock a “buy” rating in a research report on Tuesday, December 10th. StockNews.com raised Vail Resorts from a “sell” rating to a “hold” rating in a research note on Friday, December 13th. Finally, Barclays reaffirmed an “underweight” rating and issued a $152.00 target price (down from $165.00) on shares of Vail Resorts in a research note on Monday, March 10th.

Insider Buying and Selling

In related news, CFO Angela A. Korch acquired 185 shares of the stock in a transaction that occurred on Thursday, March 13th. The stock was purchased at an average price of $160.00 per share, with a total value of $29,600.00. Following the transaction, the chief financial officer now owns 2,956 shares of the company’s stock, valued at approximately $472,960. This trade represents a 6.68 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 1.20% of the company’s stock.

Institutional Trading of Vail Resorts

A number of institutional investors and hedge funds have recently added to or reduced their stakes in MTN. Empowered Funds LLC grew its stake in shares of Vail Resorts by 30.9% in the third quarter. Empowered Funds LLC now owns 3,076 shares of the company’s stock valued at $536,000 after buying an additional 727 shares in the last quarter. Pathstone Holdings LLC boosted its holdings in Vail Resorts by 39.9% during the 3rd quarter. Pathstone Holdings LLC now owns 8,962 shares of the company’s stock valued at $1,562,000 after acquiring an additional 2,557 shares during the period. Connor Clark & Lunn Investment Management Ltd. grew its position in Vail Resorts by 325.7% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 12,035 shares of the company’s stock valued at $2,098,000 after acquiring an additional 9,208 shares in the last quarter. Raymond James Trust N.A. increased its stake in Vail Resorts by 14.7% during the third quarter. Raymond James Trust N.A. now owns 1,588 shares of the company’s stock worth $277,000 after purchasing an additional 203 shares during the period. Finally, Cerity Partners LLC lifted its position in shares of Vail Resorts by 11.2% during the third quarter. Cerity Partners LLC now owns 11,537 shares of the company’s stock worth $2,011,000 after purchasing an additional 1,162 shares in the last quarter. Hedge funds and other institutional investors own 94.94% of the company’s stock.

Vail Resorts Stock Up 0.4 %

Shares of MTN opened at $161.59 on Tuesday. The stock has a 50 day moving average price of $163.56 and a 200 day moving average price of $174.12. Vail Resorts has a one year low of $151.99 and a one year high of $233.57. The company has a debt-to-equity ratio of 3.64, a quick ratio of 0.51 and a current ratio of 0.63. The stock has a market capitalization of $6.03 billion, a price-to-earnings ratio of 26.84, a PEG ratio of 1.93 and a beta of 1.12.

Vail Resorts (NYSE:MTN) last released its earnings results on Monday, March 10th. The company reported $6.56 earnings per share (EPS) 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 analyst estimates of $1.14 billion. Vail Resorts had a net margin of 8.07% and a return on equity of 21.90%. The company’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $5.76 earnings per share. Equities research analysts forecast that Vail Resorts will post 7.62 earnings per share for the current fiscal year.

Vail Resorts Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 10th. Stockholders of record on Thursday, March 27th will be issued a dividend of $2.22 per share. This represents a $8.88 dividend on an annualized basis and a dividend yield of 5.50%. The ex-dividend date of this dividend is Thursday, March 27th. Vail Resorts’s dividend payout ratio is presently 130.21%.

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.