Vail Resorts (NYSE:MTN) Reaches New 12-Month Low on Analyst Downgrade

Shares of Vail Resorts, Inc. (NYSE:MTN) reached a new 52-week low on Thursday after Truist Financial lowered their price target on the stock from $217.00 to $212.00. Truist Financial currently has a buy rating on the stock. Vail Resorts traded as low as $123.52 and last traded at $123.7650, with a volume of 405679 shares trading hands. The stock had previously closed at $130.14.

Several other equities analysts have also recently issued reports on MTN. UBS Group dropped their price objective on shares of Vail Resorts from $169.00 to $139.00 and set a “neutral” rating on the stock in a research note on Friday, April 17th. Morgan Stanley dropped their price objective on shares of Vail Resorts from $151.00 to $147.00 and set an “equal weight” rating on the stock in a research note on Thursday, March 12th. Jefferies Financial Group raised shares of Vail Resorts from a “hold” rating to a “buy” rating and boosted their price objective for the company from $159.00 to $165.00 in a research note on Tuesday, January 13th. Wells Fargo & Company assumed coverage on shares of Vail Resorts in a research note on Wednesday, March 11th. They issued an “equal weight” rating and a $135.00 price objective on the stock. Finally, Barclays dropped their price objective on shares of Vail Resorts from $140.00 to $138.00 and set an “underweight” rating on the stock in a research note on Tuesday, March 10th. Five investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $161.82.

Insiders Place Their Bets

In other Vail Resorts news, CEO Robert A. Katz bought 37,500 shares of Vail Resorts stock in a transaction on Monday, March 16th. The stock was bought at an average price of $131.81 per share, with a total value of $4,942,875.00. Following the completion of the acquisition, the chief executive officer owned 285,312 shares in the company, valued at $37,606,974.72. The trade was a 15.13% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Angela A. Korch bought 190 shares of Vail Resorts stock in a transaction on Monday, March 16th. The stock was acquired at an average cost of $131.85 per share, with a total value of $25,051.50. Following the acquisition, the chief financial officer owned 5,539 shares of the company’s stock, valued at $730,317.15. This trade represents a 3.55% increase in their position. The SEC filing for this purchase provides additional information. 1.20% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Vail Resorts

A number of hedge funds and other institutional investors have recently bought and sold shares of MTN. Goldman Sachs Group Inc. lifted its holdings in Vail Resorts by 2.9% in the first quarter. Goldman Sachs Group Inc. now owns 121,123 shares of the company’s stock valued at $19,382,000 after acquiring an additional 3,440 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of Vail Resorts by 1.9% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 148,235 shares of the company’s stock valued at $23,721,000 after buying an additional 2,824 shares in the last quarter. Prudential Financial Inc. increased its position in shares of Vail Resorts by 24.1% in the second quarter. Prudential Financial Inc. now owns 3,086 shares of the company’s stock valued at $525,000 after buying an additional 600 shares in the last quarter. EverSource Wealth Advisors LLC increased its position in shares of Vail Resorts by 815.8% in 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 in the last quarter. Finally, Marshall Wace LLP purchased a new position in shares of Vail Resorts in the second quarter valued at $2,119,000. Institutional investors and hedge funds own 94.90% of the company’s stock.

Vail Resorts Trading Down 6.0%

The firm has a market cap of $4.36 billion, a PE ratio of 19.98, a PEG ratio of 9.58 and a beta of 0.79. The business has a 50-day moving average price of $133.92 and a two-hundred day moving average price of $140.19. The company has a debt-to-equity ratio of 4.43, a current ratio of 0.62 and a quick ratio of 0.51.

Vail Resorts (NYSE:MTN) last announced its quarterly earnings results on Monday, March 9th. The company reported $5.87 earnings per share for the quarter, missing analysts’ consensus estimates of $6.06 by ($0.19). Vail Resorts had a net margin of 7.89% and a return on equity of 29.72%. The firm had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.11 billion. During the same quarter in the prior year, the business earned $6.56 EPS. The company’s quarterly revenue was down 4.7% compared to the same quarter last year. Analysts forecast that Vail Resorts, Inc. will post 5.09 EPS for the current year.

Vail Resorts Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, April 9th. Stockholders of record on Thursday, March 26th were given a $2.22 dividend. The ex-dividend date was Thursday, March 26th. This represents a $8.88 dividend on an annualized basis and a dividend yield of 7.3%. Vail Resorts’s dividend payout ratio (DPR) is currently 144.86%.

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.