Vail Resorts (NYSE:MTN) Price Target Raised to $195.00

Vail Resorts (NYSE:MTN) had its price target boosted by Macquarie from $180.00 to $195.00 in a research report report published on Wednesday,Benzinga reports. They currently have a neutral rating on the stock.

Other equities analysts also recently issued research reports about the company. Deutsche Bank Aktiengesellschaft raised their price target on Vail Resorts from $185.00 to $196.00 and gave the stock a “hold” rating in a research report on Monday, December 9th. StockNews.com upgraded Vail Resorts from a “sell” rating to a “hold” rating in a research report on Monday, December 2nd. Morgan Stanley raised their price target on shares of Vail Resorts from $182.00 to $197.00 and gave the stock an “equal weight” rating in a research note on Tuesday. Truist Financial cut 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 report on Tuesday. Finally, Mizuho raised their target price on shares of Vail Resorts from $222.00 to $227.00 and gave the stock an “outperform” rating in a research report on Tuesday. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $205.50.

Vail Resorts Price Performance

Vail Resorts stock opened at $190.43 on Wednesday. The firm has a market capitalization of $7.14 billion, a PE ratio of 31.63, a P/E/G ratio of 2.25 and a beta of 1.14. Vail Resorts has a 52 week low of $165.00 and a 52 week high of $236.92. The firm’s 50-day simple moving average is $177.35 and its 200 day simple moving average is $178.86. 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 (NYSE:MTN) last released its quarterly earnings results on Monday, December 9th. The company reported ($4.61) EPS for the quarter, beating the consensus estimate of ($4.99) by $0.38. Vail Resorts had a net margin of 8.07% and a return on equity of 21.90%. The business had revenue of $260.28 million for the quarter, compared to analyst estimates of $251.45 million. During the same period in the prior year, the business earned ($4.60) earnings per share. The company’s quarterly revenue was up .7% on a year-over-year basis. On average, equities research analysts predict that Vail Resorts will post 7.47 EPS for the current fiscal year.

Vail Resorts Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 9th. Shareholders of record on Thursday, December 26th will be given a dividend of $2.22 per share. This represents a $8.88 dividend on an annualized basis and a yield of 4.66%. The ex-dividend date of this dividend is Thursday, December 26th. Vail Resorts’s dividend payout ratio (DPR) is presently 147.51%.

Insider Transactions at Vail Resorts

In related news, insider Robert A. Katz sold 9,296 shares of the stock in a transaction that occurred 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 owns 245,961 shares of the company’s stock, valued at approximately $43,284,216.78. This represents a 3.64 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Angela A. Korch purchased 165 shares of Vail Resorts stock in a transaction on Thursday, October 3rd. The shares were acquired at an average cost of $173.09 per share, for a total transaction of $28,559.85. Following the completion of the transaction, the chief financial officer now owns 2,187 shares of the company’s stock, valued at $378,547.83. This represents a 8.16 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 1.20% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in MTN. The Manufacturers Life Insurance Company raised its holdings in shares of Vail Resorts by 673.1% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 635,546 shares of the company’s stock valued at $114,481,000 after buying an additional 553,337 shares during the period. First Pacific Advisors LP purchased a new stake in shares of Vail Resorts during the second quarter valued at approximately $62,466,000. River Road Asset Management LLC lifted its position in shares of Vail Resorts by 606.6% during the third 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. Point72 Asset Management L.P. purchased a new position in shares of Vail Resorts in the third quarter valued at $35,264,000. Finally, FMR LLC boosted its stake in shares of Vail Resorts by 1,080.8% in the third quarter. FMR LLC now owns 207,809 shares of the company’s stock valued at $36,219,000 after purchasing an additional 190,210 shares during the period. 94.94% of the stock is owned by hedge funds and other institutional investors.

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.