Vail Resorts, Inc. (NYSE:MTN) Receives $208.22 Average PT from Analysts

Shares of Vail Resorts, Inc. (NYSE:MTN) have been assigned a consensus rating of “Hold” from the nine brokerages that are covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $208.22.

MTN has been the topic of a number of research reports. Morgan Stanley boosted their price objective on Vail Resorts from $179.00 to $182.00 and gave the company an “equal weight” rating in a research report on Wednesday, September 25th. Macquarie restated a “neutral” rating and issued a $180.00 price objective on shares of Vail Resorts in a research note on Wednesday, October 2nd. StockNews.com cut shares of Vail Resorts from a “hold” rating to a “sell” rating in a research note on Friday, September 27th. Barclays cut their price target on shares of Vail Resorts from $161.00 to $155.00 and set an “underweight” rating for the company in a research note on Friday, September 27th. Finally, Stifel Nicolaus lowered their price objective on Vail Resorts from $223.00 to $216.00 and set a “buy” rating on the stock in a research note on Friday, September 27th.

Insider Buying and Selling at Vail Resorts

In other news, insider Robert A. Katz sold 9,296 shares of Vail Resorts stock in a transaction 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 transaction, the insider now owns 245,961 shares in the company, valued at approximately $43,284,216.78. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Vail Resorts news, insider Robert A. Katz sold 9,296 shares of the company’s stock in a transaction 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 sale, the insider now owns 245,961 shares of the company’s stock, valued at approximately $43,284,216.78. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director John F. Sorte sold 1,670 shares of Vail Resorts stock in a transaction that occurred on Wednesday, October 2nd. The stock was sold at an average price of $173.07, for a total value of $289,026.90. Following the completion of the sale, the director now owns 45,111 shares of the company’s stock, valued at approximately $7,807,360.77. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.20% of the company’s stock.

Hedge Funds Weigh In On Vail Resorts

Hedge funds have recently added to or reduced their stakes in the stock. Signaturefd LLC lifted its holdings in Vail Resorts by 150.9% during the second quarter. Signaturefd LLC now owns 138 shares of the company’s stock worth $25,000 after acquiring an additional 83 shares during the period. V Square Quantitative Management LLC bought a new stake in shares of Vail Resorts during the 3rd quarter worth $25,000. Brown Brothers Harriman & Co. boosted its holdings in shares of Vail Resorts by 318.8% in the 2nd quarter. Brown Brothers Harriman & Co. now owns 201 shares of the company’s stock worth $36,000 after buying an additional 153 shares during the last quarter. UMB Bank n.a. boosted its holdings in shares of Vail Resorts by 123.5% in the 3rd quarter. UMB Bank n.a. now owns 219 shares of the company’s stock worth $38,000 after buying an additional 121 shares during the last quarter. Finally, Canton Hathaway LLC grew its position in Vail Resorts by 66.7% during the second quarter. Canton Hathaway LLC now owns 250 shares of the company’s stock valued at $45,000 after buying an additional 100 shares during the period. Institutional investors and hedge funds own 94.94% of the company’s stock.

Vail Resorts Trading Down 0.2 %

Shares of NYSE MTN opened at $168.84 on Friday. The business has a 50 day simple moving average of $177.13 and a 200 day simple moving average of $183.16. Vail Resorts has a 52 week low of $165.14 and a 52 week high of $236.92. The stock has a market cap of $6.33 billion, a price-to-earnings ratio of 28.00, a PEG ratio of 1.61 and a beta of 1.13. The company has a debt-to-equity ratio of 2.62, a quick ratio of 0.71 and a current ratio of 0.82.

Vail Resorts (NYSE:MTN) last posted its quarterly earnings data on Thursday, September 26th. The company reported ($4.67) earnings per share (EPS) for the quarter, missing the consensus estimate of ($4.28) by ($0.39). The firm had revenue of $265.39 million for the quarter, compared to the consensus estimate of $264.84 million. Vail Resorts had a return on equity of 20.76% and a net margin of 7.99%. Vail Resorts’s quarterly revenue was down 1.6% on a year-over-year basis. During the same period in the prior year, the company posted ($3.35) earnings per share. On average, research analysts predict that Vail Resorts will post 7.27 earnings per share for the current fiscal year.

Vail Resorts Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, October 24th. Stockholders of record on Tuesday, October 8th were paid a $2.22 dividend. This represents a $8.88 dividend on an annualized basis and a dividend yield of 5.26%. The ex-dividend date of this dividend was Tuesday, October 8th. Vail Resorts’s payout ratio is 147.26%.

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.