Vail Resorts, Inc. (NYSE:MTN) Given Consensus Rating of “Hold” by Analysts

Shares of Vail Resorts, Inc. (NYSE:MTN) have been assigned an average rating of “Hold” from the fourteen research firms that are presently covering the stock, Marketbeat reports. Three investment analysts have rated the stock with a sell recommendation, six have issued a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $161.8182.

Several research firms have recently weighed in on MTN. Morgan Stanley decreased their price objective on shares of Vail Resorts from $151.00 to $147.00 and set an “equal weight” rating for the company in a report on Thursday, March 12th. Wells Fargo & Company began coverage on shares of Vail Resorts in a report on Wednesday, March 11th. They set an “equal weight” rating and a $135.00 price objective for the company. Zacks Research cut shares of Vail Resorts from a “hold” rating to a “strong sell” rating in a report on Tuesday, April 28th. Mizuho decreased their price objective on shares of Vail Resorts from $202.00 to $200.00 and set an “outperform” rating for the company in a report on Tuesday, March 10th. Finally, Stifel Nicolaus decreased their price objective on shares of Vail Resorts from $175.00 to $172.00 and set a “buy” rating for the company in a report on Tuesday, March 10th.

Insider Activity at Vail Resorts

In related news, CEO Robert A. Katz acquired 37,500 shares of the firm’s stock in a transaction dated Monday, March 16th. The stock was purchased at an average cost of $131.81 per share, with a total value of $4,942,875.00. Following the completion of the acquisition, the chief executive officer directly owned 285,312 shares of the company’s stock, valued at approximately $37,606,974.72. This trade represents a 15.13% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Angela A. Korch acquired 190 shares of the firm’s stock in a transaction dated Monday, March 16th. The shares were bought at an average cost of $131.85 per share, with a total value of $25,051.50. Following the completion of the acquisition, the chief financial officer directly owned 5,539 shares of the company’s stock, valued at $730,317.15. The trade was a 3.55% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 1.20% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. BOKF NA increased its holdings in Vail Resorts by 833.3% during the third quarter. BOKF NA now owns 168 shares of the company’s stock valued at $25,000 after buying an additional 150 shares during the last quarter. EverSource Wealth Advisors LLC increased its holdings in Vail Resorts by 815.8% during the second 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 increased its holdings in Vail Resorts by 83.3% during the fourth 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 purchased a new stake in Vail Resorts during the third quarter valued at approximately $30,000. Finally, Caitong International Asset Management Co. Ltd increased its holdings in Vail Resorts by 1,585.7% during the fourth 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 last quarter. 94.90% of the stock is owned by hedge funds and other institutional investors.

Vail Resorts Stock Up 0.1%

Shares of Vail Resorts stock opened at $133.76 on Monday. The company has a debt-to-equity ratio of 4.43, a quick ratio of 0.51 and a current ratio of 0.62. The stock has a market capitalization of $4.77 billion, a PE ratio of 21.82, a price-to-earnings-growth ratio of 11.29 and a beta of 0.72. Vail Resorts has a 52-week low of $118.51 and a 52-week high of $172.00. The company has a 50-day simple moving average of $127.69 and a two-hundred day simple moving average of $135.76.

Vail Resorts (NYSE:MTN) last issued its earnings results on Monday, March 9th. The company reported $5.87 earnings per share (EPS) for the quarter, missing the consensus estimate of $6.06 by ($0.19). The firm had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.11 billion. Vail Resorts had a return on equity of 29.72% and a net margin of 7.89%.The firm’s quarterly revenue was down 4.7% on a year-over-year basis. During the same period last year, the firm posted $6.56 earnings per share. On average, analysts anticipate that Vail Resorts will post 4.79 EPS for the current fiscal year.

Vail Resorts Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 9th. Stockholders of record on Thursday, March 26th were issued a dividend of $2.22 per share. This represents a $8.88 annualized dividend and a dividend yield of 6.6%. The ex-dividend date of this dividend was Thursday, March 26th. Vail Resorts’s payout ratio is presently 144.86%.

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.