Mizuho Cuts Vail Resorts (NYSE:MTN) Price Target to $215.00

Vail Resorts (NYSE:MTN) had its price target reduced by Mizuho from $227.00 to $215.00 in a report released on Tuesday morning,Benzinga reports. They currently have an outperform rating on the stock.

Several other brokerages have also recently commented on MTN. Macquarie raised their target price on shares of Vail Resorts from $180.00 to $195.00 and gave the stock a “neutral” rating in a report on Wednesday, December 11th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Vail Resorts from $185.00 to $196.00 and gave the stock a “hold” rating in a report on Monday, December 9th. UBS Group assumed coverage on shares of Vail Resorts in a report on Thursday, November 14th. They issued a “neutral” rating and a $185.00 target price for the company. Morgan Stanley decreased their price target on shares of Vail Resorts from $197.00 to $178.00 and set an “equal weight” rating for the company in a report on Tuesday. Finally, JPMorgan Chase & Co. raised their price target on shares of Vail Resorts from $166.00 to $167.00 and gave the stock an “underweight” rating in a report on Tuesday. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $193.56.

Vail Resorts Stock Performance

Shares of MTN opened at $159.44 on Tuesday. The firm’s 50 day moving average is $167.95 and its 200-day moving average is $175.86. The stock has a market capitalization of $5.97 billion, a P/E ratio of 26.48, a P/E/G ratio of 1.93 and a beta of 1.12. The company has a debt-to-equity ratio of 3.64, a current ratio of 0.63 and a quick ratio of 0.51. Vail Resorts has a 12-month low of $151.99 and a 12-month high of $233.57.

Vail Resorts (NYSE:MTN) last announced its quarterly earnings data on Monday, March 10th. The company reported $6.56 earnings per share (EPS) for the quarter, topping 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 company had revenue of $1.14 billion for the quarter, compared to analysts’ expectations of $1.14 billion. During the same quarter in the previous year, the company posted $5.76 EPS. The business’s revenue was up 5.5% compared to the same quarter last year. Equities research analysts anticipate that Vail Resorts will post 7.62 EPS for the current fiscal year.

Vail Resorts Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders of record on Thursday, March 27th will be given a $2.22 dividend. This represents a $8.88 annualized dividend and a yield of 5.57%. The ex-dividend date of this dividend is Thursday, March 27th. Vail Resorts’s dividend payout ratio is 147.51%.

Insider Buying and Selling

In related news, CFO Angela A. Korch bought 185 shares of the business’s stock in a transaction that occurred on Thursday, March 13th. The stock was purchased at an average cost of $160.00 per share, for a total transaction of $29,600.00. Following the purchase, the chief financial officer now directly owns 2,956 shares in the company, valued at $472,960. This trade represents a 6.68 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 1.20% of the stock is owned by insiders.

Hedge Funds Weigh In On Vail Resorts

Several large investors have recently bought and sold shares of the stock. Azzad Asset Management Inc. ADV raised its stake in Vail Resorts by 11.3% during the 4th quarter. Azzad Asset Management Inc. ADV now owns 11,436 shares of the company’s stock valued at $2,144,000 after purchasing an additional 1,164 shares during the last quarter. Heck Capital Advisors LLC acquired a new position in Vail Resorts during the 4th quarter valued at $33,000. Integrated Advisors Network LLC acquired a new position in Vail Resorts during the 4th quarter valued at $3,637,000. Parr Mcknight Wealth Management Group LLC acquired a new position in Vail Resorts during the 4th quarter valued at $1,015,000. Finally, Vise Technologies Inc. acquired a new position in Vail Resorts during the 4th quarter valued at $201,000. 94.94% 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.