Analysts Set Vail Resorts, Inc. (NYSE:MTN) Price Target at $188.80

Shares of Vail Resorts, Inc. (NYSE:MTN) have earned a consensus recommendation of “Hold” from the ten research firms that are covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating on the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $188.80.

MTN has been the subject of a number of recent research reports. Macquarie reduced their price target on shares of Vail Resorts from $195.00 to $185.00 and set a “neutral” rating for the company in a research report on Wednesday, March 12th. Morgan Stanley reiterated an “equal weight” rating on shares of Vail Resorts in a research note on Friday. Truist Financial decreased their target price on shares of Vail Resorts from $247.00 to $244.00 and set a “buy” rating for the company in a research report on Friday, June 6th. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Vail Resorts from $183.00 to $171.00 and set a “hold” rating on the stock in a report on Thursday, May 29th. Finally, Bank of America lifted their price objective on Vail Resorts from $160.00 to $175.00 and gave the company a “neutral” rating in a research note on Wednesday, May 28th.

Insider Buying and Selling at Vail Resorts

In other news, CFO Angela A. Korch bought 185 shares of the stock in a transaction dated Thursday, March 13th. The shares were acquired at an average cost of $160.00 per share, with a total value of $29,600.00. Following the purchase, the chief financial officer now directly owns 2,956 shares in the company, valued at $472,960. The trade was a 6.68% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 1.20% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Vail Resorts

A number of institutional investors have recently modified their holdings of the business. Norges Bank acquired a new position in Vail Resorts in the 4th quarter worth about $80,669,000. Point72 Asset Management L.P. increased its position in shares of Vail Resorts by 170.1% in the fourth quarter. Point72 Asset Management L.P. now owns 546,423 shares of the company’s stock valued at $102,427,000 after buying an additional 344,095 shares in the last quarter. The Manufacturers Life Insurance Company raised its stake in shares of Vail Resorts by 42.1% during the 4th quarter. The Manufacturers Life Insurance Company now owns 976,468 shares of the company’s stock worth $183,039,000 after buying an additional 289,484 shares during the period. First Pacific Advisors LP raised its stake in shares of Vail Resorts by 54.2% during the 1st quarter. First Pacific Advisors LP now owns 805,584 shares of the company’s stock worth $128,910,000 after buying an additional 283,299 shares during the period. Finally, Wealthfront Advisers LLC purchased a new position in shares of Vail Resorts during the 4th quarter valued at approximately $42,532,000. 94.94% of the stock is currently owned by institutional investors and hedge funds.

Vail Resorts Stock Up 0.4%

Vail Resorts stock opened at $156.25 on Friday. The business’s 50-day simple moving average is $145.52 and its two-hundred day simple moving average is $163.20. 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 company has a market cap of $5.83 billion, a PE ratio of 25.95, a PEG ratio of 1.93 and a beta of 0.91. Vail Resorts has a fifty-two week low of $129.85 and a fifty-two week high of $199.45.

Vail Resorts (NYSE:MTN) last released its earnings results on Thursday, June 5th. The company reported $10.54 EPS for the quarter, topping analysts’ consensus estimates of $10.00 by $0.54. The firm had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.31 billion. Vail Resorts had a return on equity of 21.90% and a net margin of 8.07%. The company’s revenue was up 1.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $9.54 earnings per share. Equities analysts anticipate that Vail Resorts will post 7.62 EPS for the current year.

Vail Resorts Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 9th. Investors of record on Tuesday, June 24th will be given a dividend of $2.22 per share. The ex-dividend date of this dividend is Tuesday, June 24th. This represents a $8.88 annualized dividend and a yield of 5.68%. Vail Resorts’s dividend payout ratio is presently 113.55%.

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.