Vail Resorts (NYSE:MTN) Price Target Cut to $229.00 by Analysts at Morgan Stanley

Vail Resorts (NYSE:MTN) had its target price trimmed by Morgan Stanley from $242.00 to $229.00 in a research note issued to investors on Monday morning, Benzinga reports. The brokerage currently has an equal weight rating on the stock.

A number of other brokerages have also commented on MTN. Mizuho started coverage on Vail Resorts in a report on Tuesday, March 26th. They set a buy rating and a $256.00 price target for the company. Truist Financial reiterated a buy rating and set a $290.00 price target on shares of Vail Resorts in a report on Friday, January 19th. JPMorgan Chase & Co. cut their target price on Vail Resorts from $252.00 to $243.00 and set a neutral rating for the company in a research note on Monday. Bank of America lowered Vail Resorts from a buy rating to a neutral rating and cut their target price for the company from $285.00 to $250.00 in a research note on Friday, March 8th. Finally, Stifel Nicolaus restated a buy rating and issued a $263.00 target price on shares of Vail Resorts in a research note on Friday, March 22nd. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of Hold and a consensus price target of $260.11.

Vail Resorts Stock Down 0.1 %

Shares of Vail Resorts stock opened at $202.68 on Monday. Vail Resorts has a 12-month low of $200.51 and a 12-month high of $258.13. The stock has a market capitalization of $7.70 billion, a P/E ratio of 33.84, a PEG ratio of 2.17 and a beta of 1.11. The stock has a 50 day moving average price of $224.44 and a two-hundred day moving average price of $221.25. The company has a quick ratio of 0.85, a current ratio of 0.96 and a debt-to-equity ratio of 2.37.

Vail Resorts (NYSE:MTN) last issued its quarterly earnings results on Monday, March 11th. The company reported $5.76 EPS for the quarter, missing analysts’ consensus estimates of $6.07 by ($0.31). Vail Resorts had a return on equity of 19.16% and a net margin of 8.44%. The business had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.15 billion. During the same quarter last year, the firm earned $5.16 earnings per share. The firm’s quarterly revenue was down 2.2% compared to the same quarter last year. Equities analysts expect that Vail Resorts will post 7.69 earnings per share for the current year.

Vail Resorts Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, April 11th. Shareholders of record on Thursday, March 28th were given a $2.22 dividend. This represents a $8.88 dividend on an annualized basis and a yield of 4.38%. This is a boost from Vail Resorts’s previous quarterly dividend of $2.06. The ex-dividend date was Wednesday, March 27th. Vail Resorts’s dividend payout ratio is 148.25%.

Insider Buying and Selling at Vail Resorts

In other news, Director Peter A. Vaughn sold 1,000 shares of the stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $222.77, for a total transaction of $222,770.00. Following the sale, the director now owns 7,592 shares in the company, valued at $1,691,269.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.20% of the company’s stock.

Institutional Trading of Vail Resorts

Large investors have recently made changes to their positions in the business. Pittenger & Anderson Inc. grew its holdings in shares of Vail Resorts by 125.0% during the third quarter. Pittenger & Anderson Inc. now owns 117 shares of the company’s stock worth $26,000 after purchasing an additional 65 shares during the last quarter. Park Place Capital Corp grew its holdings in shares of Vail Resorts by 531.6% during the fourth quarter. Park Place Capital Corp now owns 120 shares of the company’s stock worth $26,000 after purchasing an additional 101 shares during the last quarter. Rise Advisors LLC grew its holdings in shares of Vail Resorts by 62.2% during the fourth quarter. Rise Advisors LLC now owns 159 shares of the company’s stock worth $34,000 after purchasing an additional 61 shares during the last quarter. Quarry LP bought a new stake in shares of Vail Resorts during the fourth quarter worth $35,000. Finally, Desjardins Global Asset Management Inc. grew its holdings in shares of Vail Resorts by 70.4% during the fourth quarter. Desjardins Global Asset Management Inc. now owns 167 shares of the company’s stock worth $36,000 after purchasing an additional 69 shares during the last quarter. 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.