Vail Resorts, Inc. (NYSE:MTN) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Vail Resorts, Inc. (NYSE:MTN) have been assigned an average rating of “Hold” from the ten research firms that are covering the company, Marketbeat reports. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating on the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $205.50.

A number of brokerages recently weighed in on MTN. Barclays raised their target price on shares of Vail Resorts from $155.00 to $165.00 and gave the stock an “underweight” rating in a report on Tuesday, December 10th. Macquarie upped their price objective on shares of Vail Resorts from $180.00 to $195.00 and gave the company a “neutral” rating in a research note on Wednesday, December 11th. StockNews.com raised Vail Resorts from a “sell” rating to a “hold” rating in a research note on Friday, December 13th. Deutsche Bank Aktiengesellschaft boosted their price target on Vail Resorts from $185.00 to $196.00 and gave the company a “hold” rating in a research note on Monday, December 9th. Finally, Truist Financial cut their price objective on shares of Vail Resorts from $250.00 to $247.00 and set a “buy” rating on the stock in a research report on Tuesday, December 10th.

Vail Resorts Stock Performance

MTN stock opened at $184.32 on Friday. Vail Resorts has a fifty-two week low of $165.00 and a fifty-two week high of $236.92. The company has a quick ratio of 0.71, a current ratio of 0.63 and a debt-to-equity ratio of 3.64. The company has a market capitalization of $6.90 billion, a P/E ratio of 30.62, a PEG ratio of 2.22 and a beta of 1.14. The company has a 50-day simple moving average of $178.77 and a 200 day simple moving average of $178.75.

Vail Resorts (NYSE:MTN) last issued its quarterly earnings results on Monday, December 9th. The company reported ($4.61) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($4.99) by $0.38. Vail Resorts had a return on equity of 21.90% and a net margin of 8.07%. The firm had revenue of $260.28 million during the quarter, compared to analyst estimates of $251.45 million. During the same period last year, the company posted ($4.60) EPS. The firm’s quarterly revenue was up .7% on a year-over-year basis. Sell-side analysts predict that Vail Resorts will post 7.49 earnings per share for the current fiscal year.

Vail Resorts Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 9th. Stockholders of record on Thursday, December 26th will be paid a dividend of $2.22 per share. The ex-dividend date of this dividend is Thursday, December 26th. This represents a $8.88 annualized dividend and a dividend yield of 4.82%. Vail Resorts’s dividend payout ratio (DPR) is currently 147.51%.

Insider Buying and Selling

In related news, insider Robert A. Katz sold 9,296 shares of the company’s stock in a transaction dated 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. This represents a 3.64 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Angela A. Korch acquired 165 shares of the firm’s stock in a transaction that occurred on Thursday, October 3rd. The shares were purchased at an average price of $173.09 per share, with a total value of $28,559.85. Following the acquisition, the chief financial officer now owns 2,187 shares of the company’s stock, valued at approximately $378,547.83. This trade represents a 8.16 % increase in their position. The disclosure for this purchase can be found here. 1.20% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in MTN. The Manufacturers Life Insurance Company raised its position in shares of Vail Resorts by 673.1% in the second quarter. The Manufacturers Life Insurance Company now owns 635,546 shares of the company’s stock valued at $114,481,000 after purchasing an additional 553,337 shares during the period. First Pacific Advisors LP acquired a new stake in Vail Resorts during the second quarter worth approximately $62,466,000. River Road Asset Management LLC boosted its holdings in shares of Vail Resorts by 606.6% during the third quarter. River Road Asset Management LLC now owns 341,311 shares of the company’s stock worth $59,487,000 after acquiring an additional 293,006 shares during the period. Point72 Asset Management L.P. acquired a new position in shares of Vail Resorts in the third quarter valued at approximately $35,264,000. Finally, FMR LLC increased its stake in shares of Vail Resorts by 1,080.8% during the third quarter. FMR LLC now owns 207,809 shares of the company’s stock worth $36,219,000 after purchasing an additional 190,210 shares during the period. Institutional investors and hedge funds own 94.94% of the company’s stock.

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.