Vail Resorts, Inc. (NYSE:MTN) Given Average Rating of “Hold” by Brokerages

Vail Resorts, Inc. (NYSE:MTN) has been given an average rating of “Hold” by the ten ratings firms that are covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating on the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $187.60.

A number of brokerages have recently issued reports on MTN. Barclays reaffirmed an “underweight” rating and set a $152.00 target price (down from $165.00) on shares of Vail Resorts in a research report on Monday, March 10th. Morgan Stanley set a $152.00 target price on Vail Resorts in a research report on Friday, April 25th. Mizuho lowered their price objective on Vail Resorts from $227.00 to $215.00 and set an “outperform” rating for the company in a report on Tuesday, March 11th. Bank of America lowered their price objective on Vail Resorts from $185.00 to $160.00 and set a “neutral” rating for the company in a report on Monday, April 21st. Finally, Macquarie lowered their price objective on Vail Resorts from $195.00 to $185.00 and set a “neutral” rating for the company in a report on Wednesday, March 12th.

Vail Resorts Trading Up 0.8%

Shares of MTN opened at $152.54 on Wednesday. The stock’s 50-day moving average is $147.87 and its two-hundred day moving average is $165.81. The stock has a market cap of $5.70 billion, a PE ratio of 25.34, a P/E/G ratio of 1.93 and a beta of 0.91. Vail Resorts has a 12 month low of $129.85 and a 12 month high of $204.72. The company has a debt-to-equity ratio of 3.64, a current ratio of 0.63 and a quick ratio of 0.51.

Vail Resorts (NYSE:MTN) last issued its quarterly earnings data on Monday, March 10th. The company reported $6.56 EPS for the quarter, topping analysts’ consensus estimates of $6.29 by $0.27. The company had revenue of $1.14 billion for the quarter, compared to analysts’ expectations of $1.14 billion. Vail Resorts had a return on equity of 21.90% and a net margin of 8.07%. The firm’s quarterly revenue was up 5.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $5.76 earnings per share. Equities analysts forecast that Vail Resorts will post 7.62 earnings per share for the current fiscal year.

Vail Resorts Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, April 10th. Stockholders of record on Thursday, March 27th were issued a dividend of $2.22 per share. This represents a $8.88 annualized dividend and a dividend yield of 5.82%. The ex-dividend date was Thursday, March 27th. Vail Resorts’s dividend payout ratio (DPR) is presently 130.21%.

Insider Activity

In related news, CFO Angela A. Korch bought 185 shares of the stock in a transaction dated Thursday, March 13th. The stock was bought at an average cost of $160.00 per share, with a total value of $29,600.00. Following the completion of the acquisition, the chief financial officer now owns 2,956 shares of the company’s stock, valued at $472,960. This trade represents a 6.68% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.20% of the company’s stock.

Hedge Funds Weigh In On Vail Resorts

Several institutional investors have recently made changes to their positions in the stock. United Services Automobile Association bought a new position in shares of Vail Resorts during the first quarter valued at approximately $411,000. First Dallas Securities Inc. acquired a new position in shares of Vail Resorts during the first quarter worth approximately $484,000. Goldman Sachs Group Inc. boosted its position in shares of Vail Resorts by 2.9% during the first quarter. Goldman Sachs Group Inc. now owns 121,123 shares of the company’s stock worth $19,382,000 after buying an additional 3,440 shares during the period. Kestra Investment Management LLC boosted its position in shares of Vail Resorts by 81.9% during the first quarter. Kestra Investment Management LLC now owns 9,491 shares of the company’s stock worth $1,519,000 after buying an additional 4,274 shares during the period. Finally, Teza Capital Management LLC acquired a new position in shares of Vail Resorts during the first quarter worth approximately $229,000. 94.94% of the stock is 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.