Vail Resorts (NYSE:MTN) Hits New 1-Year Low After Analyst Downgrade

Vail Resorts, Inc. (NYSE:MTN)’s share price hit a new 52-week low during trading on Monday after Morgan Stanley lowered their price target on the stock from $242.00 to $229.00. Morgan Stanley currently has an equal weight rating on the stock. Vail Resorts traded as low as $200.51 and last traded at $200.84, with a volume of 124885 shares trading hands. The stock had previously closed at $202.94.

Several other brokerages have also commented on MTN. Stifel Nicolaus reiterated a “buy” rating and issued a $263.00 price target on shares of Vail Resorts in a research note on Friday, March 22nd. Truist Financial reiterated a “buy” rating and issued a $290.00 price target on shares of Vail Resorts in a research note on Friday, January 19th. Bank of America lowered shares of Vail Resorts from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $285.00 to $250.00 in a research report on Friday, March 8th. JPMorgan Chase & Co. lowered their target price on shares of Vail Resorts from $252.00 to $243.00 and set a “neutral” rating on the stock in a research report on Monday. Finally, Mizuho began coverage on shares of Vail Resorts in a research report on Tuesday, March 26th. They set a “buy” rating and a $256.00 target price on the stock. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, Vail Resorts has an average rating of “Hold” and a consensus price target of $260.11.

Insider Transactions at Vail Resorts

In other news, Director Peter A. Vaughn sold 1,000 shares of Vail Resorts stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $222.77, for a total transaction of $222,770.00. Following the completion of the transaction, the director now owns 7,592 shares of the company’s stock, valued at approximately $1,691,269.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.20% of the company’s stock.

Institutional Trading of Vail Resorts

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MTN. Pittenger & Anderson Inc. lifted its stake in shares of Vail Resorts by 125.0% in the 3rd quarter. Pittenger & Anderson Inc. now owns 117 shares of the company’s stock valued at $26,000 after purchasing an additional 65 shares in the last quarter. Park Place Capital Corp lifted its stake in shares of Vail Resorts by 531.6% in the 4th quarter. Park Place Capital Corp now owns 120 shares of the company’s stock valued at $26,000 after purchasing an additional 101 shares in the last quarter. Rise Advisors LLC lifted its stake in shares of Vail Resorts by 62.2% in the 4th quarter. Rise Advisors LLC now owns 159 shares of the company’s stock valued at $34,000 after purchasing an additional 61 shares in the last quarter. Quarry LP acquired a new position in Vail Resorts during the 4th quarter worth approximately $35,000. Finally, Desjardins Global Asset Management Inc. lifted its position in Vail Resorts by 70.4% during the 4th quarter. Desjardins Global Asset Management Inc. now owns 167 shares of the company’s stock worth $36,000 after acquiring an additional 69 shares in the last quarter. Hedge funds and other institutional investors own 94.94% of the company’s stock.

Vail Resorts Stock Up 1.0 %

The firm has a 50-day moving average of $224.09 and a 200 day moving average of $221.19. The stock has a market capitalization of $7.78 billion, a price-to-earnings ratio of 34.19, a price-to-earnings-growth ratio of 2.17 and a beta of 1.11. The company has a current ratio of 0.96, a quick ratio of 0.85 and a debt-to-equity ratio of 2.37.

Vail Resorts (NYSE:MTN) last announced its earnings results on Monday, March 11th. The company reported $5.76 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $6.07 by ($0.31). Vail Resorts had a net margin of 8.44% and a return on equity of 19.16%. The business had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.15 billion. During the same period in the previous year, the company earned $5.16 earnings per share. The business’s revenue for the quarter was down 2.2% on a year-over-year basis. On average, sell-side analysts anticipate that Vail Resorts, Inc. will post 7.69 earnings per share for the current year.

Vail Resorts Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 11th. Shareholders of record on Thursday, March 28th were given a $2.22 dividend. This represents a $8.88 dividend on an annualized basis and a dividend yield of 4.34%. This is a positive change from Vail Resorts’s previous quarterly dividend of $2.06. The ex-dividend date of this dividend was Wednesday, March 27th. Vail Resorts’s dividend payout ratio is presently 148.25%.

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.