Vail Resorts (NYSE:MTN) Upgraded to Hold at Zacks Research

Zacks Research upgraded shares of Vail Resorts (NYSE:MTN) from a strong sell rating to a hold rating in a research report released on Monday,Zacks.com reports. Zacks Research also issued estimates for Vail Resorts’ Q2 2028 earnings at $6.23 EPS.

Several other equities research analysts have also weighed in on MTN. Truist Financial dropped their price objective on shares of Vail Resorts from $212.00 to $195.00 and set a “buy” rating on the stock in a research note on Tuesday, June 9th. JPMorgan Chase & Co. lifted their target price on Vail Resorts from $124.00 to $126.00 and gave the company a “neutral” rating in a research note on Tuesday, June 9th. UBS Group reaffirmed a “neutral” rating on shares of Vail Resorts in a report on Tuesday, June 9th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Vail Resorts in a research report on Tuesday, July 7th. Finally, Mizuho set a $174.00 price target on Vail Resorts in a report on Tuesday, June 9th. Five investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $151.45.

Vail Resorts Stock Up 0.4%

MTN stock opened at $149.76 on Monday. The firm has a market cap of $5.34 billion, a price-to-earnings ratio of 34.04, a PEG ratio of 9.85 and a beta of 0.70. Vail Resorts has a 1-year low of $118.51 and a 1-year high of $165.50. The firm has a fifty day moving average price of $141.86 and a two-hundred day moving average price of $135.69. The company has a debt-to-equity ratio of 3.22, a current ratio of 0.91 and a quick ratio of 0.79.

Vail Resorts (NYSE:MTN) last posted its quarterly earnings results on Monday, June 8th. The company reported $8.81 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $8.97 by ($0.16). Vail Resorts had a return on equity of 21.88% and a net margin of 5.38%.The business had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.20 billion. During the same quarter in the previous year, the business posted $10.54 earnings per share. The company’s quarterly revenue was down 7.0% compared to the same quarter last year. Research analysts predict that Vail Resorts will post 4.31 EPS for the current year.

Vail Resorts Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 9th. Investors of record on Thursday, June 25th were issued a $2.22 dividend. This represents a $8.88 dividend on an annualized basis and a dividend yield of 5.9%. The ex-dividend date of this dividend was Thursday, June 25th. Vail Resorts’s dividend payout ratio (DPR) is 201.82%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Capital World Investors increased its stake in shares of Vail Resorts by 6.1% in the fourth quarter. Capital World Investors now owns 3,196,445 shares of the company’s stock valued at $424,488,000 after purchasing an additional 182,982 shares during the period. Oasis Management Co Ltd. boosted its position in shares of Vail Resorts by 8.3% during the fourth quarter. Oasis Management Co Ltd. now owns 1,851,234 shares of the company’s stock worth $245,844,000 after buying an additional 141,500 shares during the period. The Manufacturers Life Insurance Company boosted its position in shares of Vail Resorts by 26.0% during the first quarter. The Manufacturers Life Insurance Company now owns 976,732 shares of the company’s stock worth $125,334,000 after buying an additional 201,750 shares during the period. UBS Group AG grew its holdings in Vail Resorts by 22.4% in the 3rd quarter. UBS Group AG now owns 713,531 shares of the company’s stock worth $106,723,000 after buying an additional 130,460 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in Vail Resorts by 13.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 680,278 shares of the company’s stock worth $90,342,000 after buying an additional 78,970 shares in the last quarter. 94.90% of the stock is owned by institutional investors and hedge funds.

About Vail Resorts

Vail Resorts, Inc is a leading mountain resort company that owns and operates an integrated network of ski areas, hotels, restaurants and retail outlets. The company’s signature Epic Pass program offers skiers and snowboarders season?long access to its portfolio of resorts, while ancillary services such as ski and snowboard schools, equipment rental and retail drive additional revenue.

Headquartered in Broomfield, Colorado, Vail Resorts was formed in 1997, building on the legacy of Vail Associates, which opened the Vail ski area in 1962.