Vail Resorts, Inc. (NYSE:MTN) Receives $193.56 Consensus Price Target from Analysts

Shares of Vail Resorts, Inc. (NYSE:MTN) have been assigned an average recommendation of “Hold” from the nine ratings firms that are covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a sell recommendation, four have given a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $193.56.

Several research analysts recently issued reports on the company. Barclays restated an “underweight” rating and set a $152.00 price objective (down from $165.00) on shares of Vail Resorts in a research report on Monday, March 10th. Truist Financial reduced their price objective on Vail Resorts from $250.00 to $247.00 and set a “buy” rating on the stock in a research report on Tuesday, December 10th. Mizuho decreased their price objective on Vail Resorts from $227.00 to $215.00 and set an “outperform” rating on the stock in a research note on Tuesday, March 11th. Morgan Stanley cut their target price on shares of Vail Resorts from $197.00 to $178.00 and set an “equal weight” rating for the company in a research note on Tuesday, March 11th. Finally, Macquarie decreased their price target on shares of Vail Resorts from $195.00 to $185.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 12th.

Insider Activity

In other news, CFO Angela A. Korch bought 185 shares of Vail Resorts stock in a transaction that occurred on Thursday, March 13th. The shares were purchased at an average price of $160.00 per share, for a total transaction 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. The trade was a 6.68 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 1.20% of the company’s stock.

Hedge Funds Weigh In On Vail Resorts

A number of large investors have recently modified their holdings of the company. Alberta Investment Management Corp purchased a new position in Vail Resorts in the fourth quarter valued at approximately $3,134,000. Western Pacific Wealth Management LP acquired a new stake in shares of Vail Resorts in the fourth quarter worth $291,000. Stifel Financial Corp raised its stake in shares of Vail Resorts by 47.6% in the 3rd quarter. Stifel Financial Corp now owns 21,131 shares of the company’s stock valued at $3,683,000 after acquiring an additional 6,816 shares during the period. Mutual of America Capital Management LLC lifted its holdings in shares of Vail Resorts by 146.9% during the 4th quarter. Mutual of America Capital Management LLC now owns 133,082 shares of the company’s stock valued at $24,946,000 after acquiring an additional 79,183 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. boosted its position in Vail Resorts by 17.6% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 27,232 shares of the company’s stock worth $5,187,000 after purchasing an additional 4,080 shares during the period. 94.94% of the stock is currently owned by hedge funds and other institutional investors.

Vail Resorts Trading Down 1.9 %

Shares of MTN stock opened at $161.06 on Tuesday. The stock has a market cap of $6.01 billion, a P/E ratio of 26.75, a P/E/G ratio of 1.93 and a beta of 1.12. The company has a quick ratio of 0.51, a current ratio of 0.63 and a debt-to-equity ratio of 3.64. Vail Resorts has a fifty-two week low of $151.99 and a fifty-two week high of $233.57. The business has a fifty day simple moving average of $163.87 and a 200-day simple moving average of $174.29.

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

Vail Resorts Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders of record on Thursday, March 27th will be paid a dividend of $2.22 per share. This represents a $8.88 dividend on an annualized basis and a yield of 5.51%. The ex-dividend date is Thursday, March 27th. Vail Resorts’s dividend payout ratio is currently 130.21%.

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.