Barclays Issues Positive Forecast for Vail Resorts (NYSE:MTN) Stock Price

Vail Resorts (NYSE:MTN) had its price target boosted by Barclays from $155.00 to $165.00 in a research report released on Tuesday,Benzinga reports. Barclays currently has an underweight rating on the stock.

A number of other analysts also recently issued reports on the company. Deutsche Bank Aktiengesellschaft lifted their price target on Vail Resorts from $185.00 to $196.00 and gave the company a “hold” rating in a research report on Monday. Stifel Nicolaus lowered their target price on shares of Vail Resorts from $223.00 to $216.00 and set a “buy” rating on the stock in a research note on Friday, September 27th. Mizuho boosted their price target on shares of Vail Resorts from $222.00 to $227.00 and gave the stock an “outperform” rating in a research note on Tuesday. Morgan Stanley raised their price objective on shares of Vail Resorts from $179.00 to $182.00 and gave the company an “equal weight” rating in a research report on Wednesday, September 25th. Finally, Macquarie reiterated a “neutral” rating and issued a $180.00 target price on shares of Vail Resorts in a research report on Wednesday, October 2nd. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, Vail Resorts currently has a consensus rating of “Hold” and an average price target of $205.50.

Vail Resorts Stock Performance

Vail Resorts stock opened at $193.93 on Tuesday. The firm’s 50 day simple moving average is $177.00 and its 200 day simple moving average is $178.87. The company has a current ratio of 0.82, a quick ratio of 0.71 and a debt-to-equity ratio of 2.62. Vail Resorts has a 1-year low of $165.00 and a 1-year high of $236.92. The firm has a market capitalization of $7.27 billion, a PE ratio of 32.16, a price-to-earnings-growth ratio of 1.97 and a beta of 1.14.

Vail Resorts (NYSE:MTN) last released its quarterly earnings results on Monday, December 9th. The company reported ($4.61) earnings per share for the quarter, topping the consensus estimate of ($4.99) by $0.38. The firm had revenue of $260.28 million for the quarter, compared to analysts’ expectations of $251.45 million. Vail Resorts had a net margin of 7.99% and a return on equity of 20.76%. The business’s quarterly revenue was up .7% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($4.60) earnings per share. As a group, analysts expect that Vail Resorts will post 7.23 earnings per share for the current fiscal year.

Vail Resorts Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 9th. Investors of record on Thursday, December 26th will be given a $2.22 dividend. This represents a $8.88 dividend on an annualized basis and a yield of 4.58%. The ex-dividend date is Thursday, December 26th. Vail Resorts’s payout ratio is presently 147.26%.

Insider Buying and Selling at Vail Resorts

In other Vail Resorts news, insider Robert A. Katz sold 9,296 shares of the business’s stock in a transaction that occurred on Wednesday, October 2nd. The stock was sold at an average price of $175.98, for a total value of $1,635,910.08. Following the completion of the sale, the insider now owns 245,961 shares in the company, valued at approximately $43,284,216.78. The trade was a 3.64 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director John F. Sorte sold 1,670 shares of the firm’s stock in a transaction that occurred on Wednesday, October 2nd. The stock was sold at an average price of $173.07, for a total transaction of $289,026.90. Following the completion of the transaction, the director now owns 45,111 shares in the company, valued at $7,807,360.77. This represents a 3.57 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.20% of the company’s stock.

Hedge Funds Weigh In On Vail Resorts

Several hedge funds and other institutional investors have recently modified their holdings of the company. Commonwealth Equity Services LLC raised its holdings in shares of Vail Resorts by 507.3% during the second quarter. Commonwealth Equity Services LLC now owns 11,380 shares of the company’s stock valued at $2,050,000 after acquiring an additional 9,506 shares in the last quarter. OFI Invest Asset Management purchased a new position in Vail Resorts during the 2nd quarter valued at $1,486,000. AQR Capital Management LLC raised its holdings in Vail Resorts by 1,063.7% in the 2nd quarter. AQR Capital Management LLC now owns 177,033 shares of the company’s stock worth $31,767,000 after purchasing an additional 161,820 shares in the last quarter. River Road Asset Management LLC lifted its position in shares of Vail Resorts by 606.6% in the 3rd quarter. River Road Asset Management LLC now owns 341,311 shares of the company’s stock worth $59,487,000 after purchasing an additional 293,006 shares during the period. Finally, Point72 Hong Kong Ltd bought a new stake in shares of Vail Resorts during the 3rd quarter valued at about $12,577,000. 94.94% of the stock is owned by institutional investors.

About Vail Resorts

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.