Vail Resorts (NYSE:MTN) Downgraded to “Sell” Rating by Wall Street Zen

Wall Street Zen downgraded shares of Vail Resorts (NYSE:MTN) from a hold rating to a sell rating in a research report released on Friday.

Several other equities analysts have also weighed in on MTN. Barclays cut their price objective on shares of Vail Resorts from $152.00 to $145.00 and set an “underweight” rating on the stock in a report on Tuesday. Deutsche Bank Aktiengesellschaft cut their target price on shares of Vail Resorts from $170.00 to $165.00 and set a “hold” rating on the stock in a report on Wednesday, September 17th. Morgan Stanley cut their target price on shares of Vail Resorts from $155.00 to $146.00 and set an “equal weight” rating on the stock in a report on Wednesday. Stifel Nicolaus reiterated a “buy” rating and issued a $175.00 target price (down from $180.00) on shares of Vail Resorts in a report on Tuesday. Finally, Bank of America cut their target price on shares of Vail Resorts from $175.00 to $165.00 and set a “neutral” rating on the stock in a report on Tuesday. Three research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $174.90.

Vail Resorts Trading Up 1.0%

Shares of NYSE MTN opened at $157.07 on Friday. The company’s 50 day simple moving average is $152.88 and its 200 day simple moving average is $152.52. Vail Resorts has a fifty-two week low of $129.85 and a fifty-two week high of $199.45. The firm has a market capitalization of $5.84 billion, a P/E ratio of 21.20, a P/E/G ratio of 2.54 and a beta of 0.86. The company has a debt-to-equity ratio of 3.44, a current ratio of 0.63 and a quick ratio of 0.54.

Vail Resorts (NYSE:MTN) last announced its quarterly earnings data on Monday, September 29th. The company reported ($5.08) earnings per share for the quarter, missing the consensus estimate of ($4.75) by ($0.33). Vail Resorts had a net margin of 9.45% and a return on equity of 31.54%. The business had revenue of $271.29 million during the quarter, compared to analyst estimates of $272.87 million. During the same quarter in the prior year, the company earned ($4.67) earnings per share. The company’s quarterly revenue was up 2.2% on a year-over-year basis. On average, analysts predict that Vail Resorts will post 7.62 EPS for the current year.

Vail Resorts Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 27th. Investors of record on Thursday, October 9th will be issued a dividend of $2.22 per share. This represents a $8.88 dividend on an annualized basis and a dividend yield of 5.7%. The ex-dividend date is Thursday, October 9th. Vail Resorts’s dividend payout ratio (DPR) is presently 119.84%.

Institutional Investors Weigh In On Vail Resorts

A number of hedge funds and other institutional investors have recently made changes to their positions in MTN. EverSource Wealth Advisors LLC raised its holdings in shares of Vail Resorts by 815.8% during the second quarter. EverSource Wealth Advisors LLC now owns 174 shares of the company’s stock worth $27,000 after acquiring an additional 155 shares during the period. SouthState Corp acquired a new stake in shares of Vail Resorts during the first quarter worth $29,000. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in shares of Vail Resorts by 196.8% during the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 187 shares of the company’s stock worth $29,000 after acquiring an additional 124 shares during the period. Farther Finance Advisors LLC raised its holdings in shares of Vail Resorts by 676.0% during the second quarter. Farther Finance Advisors LLC now owns 194 shares of the company’s stock worth $30,000 after acquiring an additional 169 shares during the period. Finally, Parkside Financial Bank & Trust raised its holdings in shares of Vail Resorts by 222.7% during the second quarter. Parkside Financial Bank & Trust now owns 213 shares of the company’s stock worth $33,000 after acquiring an additional 147 shares during the period. 94.90% of the stock is currently owned by institutional investors and hedge funds.

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.