Brokerages Set Vail Resorts, Inc. (NYSE:MTN) Target Price at $260.11

Shares of Vail Resorts, Inc. (NYSE:MTN) have been given a consensus recommendation of “Hold” by the seven research firms that are presently covering the stock, Marketbeat.com reports. Four research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $260.11.

Several brokerages recently commented on MTN. 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 report on Friday, March 8th. Truist Financial restated a “buy” rating and set a $290.00 target price on shares of Vail Resorts in a research report on Friday, January 19th. Morgan Stanley cut their target price on Vail Resorts from $242.00 to $229.00 and set an “equal weight” rating on the stock in a research report on Monday, April 22nd. JPMorgan Chase & Co. cut their target price on Vail Resorts from $252.00 to $243.00 and set a “neutral” rating on the stock in a research report on Monday, April 22nd. Finally, Stifel Nicolaus restated a “buy” rating and set a $263.00 target price on shares of Vail Resorts in a research report on Friday, March 22nd.

Vail Resorts Trading Up 1.5 %

NYSE MTN opened at $197.94 on Friday. The business’s 50-day moving average price is $218.68 and its two-hundred day moving average price is $219.96. Vail Resorts has a 12 month low of $188.43 and a 12 month high of $258.13. The firm has a market capitalization of $7.52 billion, a PE ratio of 32.56, a price-to-earnings-growth ratio of 2.16 and a beta of 1.14. The company has a current ratio of 0.96, a quick ratio of 0.85 and a debt-to-equity ratio of 2.37.

Vail Resorts (NYSE:MTN) last released 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 net margin of 8.44% and a return on equity of 19.16%. The company had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.15 billion. During the same quarter last year, the firm posted $5.16 EPS. The company’s quarterly revenue was down 2.2% on a year-over-year basis. On average, analysts expect that Vail Resorts will post 7.6 EPS for the current year.

Vail Resorts Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, April 11th. Investors of record on Thursday, March 28th were paid a dividend of $2.22 per share. This is an increase from Vail Resorts’s previous quarterly dividend of $2.06. This represents a $8.88 dividend on an annualized basis and a yield of 4.49%. The ex-dividend date of this dividend was Wednesday, March 27th. Vail Resorts’s dividend payout ratio is 148.25%.

Insider Buying and Selling

In related news, Director Peter A. Vaughn sold 1,000 shares of the company’s stock in a transaction that occurred 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 transaction, the director now directly owns 7,592 shares of the company’s stock, valued at approximately $1,691,269.84. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 1.20% of the stock is owned by company insiders.

Institutional Trading of Vail Resorts

Several institutional investors and hedge funds have recently modified their holdings of the stock. Benjamin F. Edwards & Company Inc. raised its stake in shares of Vail Resorts by 3.0% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 1,704 shares of the company’s stock worth $364,000 after purchasing an additional 49 shares during the last quarter. First Eagle Investment Management LLC raised its stake in shares of Vail Resorts by 5.6% in the third quarter. First Eagle Investment Management LLC now owns 939 shares of the company’s stock worth $208,000 after purchasing an additional 50 shares during the last quarter. CIBC Asset Management Inc raised its stake in shares of Vail Resorts by 4.2% in the third quarter. CIBC Asset Management Inc now owns 1,367 shares of the company’s stock worth $303,000 after purchasing an additional 55 shares during the last quarter. GAMMA Investing LLC raised its stake in shares of Vail Resorts by 27.9% in the first 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. Finally, Rise Advisors LLC increased its position in shares of Vail Resorts by 62.2% during the fourth quarter. Rise Advisors LLC now owns 159 shares of the company’s stock valued at $34,000 after acquiring an additional 61 shares during the last quarter. 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.