Vail Resorts (NYSE:MTN) Shares Gap Down – Here’s What Happened

Vail Resorts, Inc. (NYSE:MTN) gapped down prior to trading on Thursday . The stock had previously closed at $148.36, but opened at $140.07. Vail Resorts shares last traded at $147.3040, with a volume of 93,403 shares.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on MTN shares. Mizuho set a $174.00 price target on Vail Resorts in a research note on Tuesday, June 9th. JPMorgan Chase & Co. boosted their target price on shares of Vail Resorts from $124.00 to $126.00 and gave the stock a “neutral” rating in a research report on Tuesday, June 9th. Weiss Ratings restated a “sell (d+)” rating on shares of Vail Resorts in a research note on Tuesday, July 7th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Vail Resorts from $143.00 to $134.00 and set a “hold” rating for the company in a report on Tuesday, June 9th. Finally, Truist Financial lowered their price objective on shares of Vail Resorts from $212.00 to $195.00 and set a “buy” rating for the company in a research note on Tuesday, June 9th. Five analysts have rated the stock with a Buy rating, seven have issued a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, Vail Resorts has a consensus rating of “Hold” and a consensus price target of $149.83.

Vail Resorts Price Performance

The company has a debt-to-equity ratio of 3.22, a current ratio of 0.91 and a quick ratio of 0.79. The stock has a market cap of $5.24 billion, a price-to-earnings ratio of 33.33, a P/E/G ratio of 9.74 and a beta of 0.70. The stock has a fifty day moving average of $143.59 and a 200 day moving average of $136.00.

Vail Resorts (NYSE:MTN) last issued its quarterly earnings results on Monday, June 8th. The company reported $8.81 earnings per share for the quarter, missing the consensus estimate 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 analyst estimates of $1.20 billion. During the same quarter last year, the company posted $10.54 EPS. Vail Resorts’s quarterly revenue was down 7.0% compared to the same quarter last year. On average, analysts expect that Vail Resorts, Inc. will post 4.32 EPS for the current fiscal year.

Vail Resorts Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 9th. Stockholders of record on Thursday, June 25th were paid a $2.22 dividend. The ex-dividend date was Thursday, June 25th. This represents a $8.88 dividend on an annualized basis and a dividend yield of 6.0%. Vail Resorts’s dividend payout ratio is presently 201.82%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in MTN. BOKF NA boosted its holdings in Vail Resorts by 833.3% in the third quarter. BOKF NA now owns 168 shares of the company’s stock valued at $25,000 after purchasing an additional 150 shares during the last quarter. EverSource Wealth Advisors LLC raised its stake in shares of Vail Resorts by 815.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 174 shares of the company’s stock valued at $27,000 after buying an additional 155 shares during the last quarter. Golden State Wealth Management LLC raised its stake in shares of Vail Resorts by 83.3% during the 4th quarter. Golden State Wealth Management LLC now owns 220 shares of the company’s stock valued at $29,000 after buying an additional 100 shares during the last quarter. Danske Bank A S acquired a new position in shares of Vail Resorts in the 3rd quarter valued at about $30,000. Finally, Caitong International Asset Management Co. Ltd lifted its holdings in shares of Vail Resorts by 1,585.7% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 236 shares of the company’s stock valued at $31,000 after buying an additional 222 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 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.