Vail Resorts (NYSE:MTN) Stock Price Down 3.9% – Time to Sell?

Vail Resorts, Inc. (NYSE:MTN)’s stock price dropped 3.9% during trading on Thursday . The company traded as low as $179.28 and last traded at $180.10. Approximately 93,535 shares changed hands during trading, a decline of 82% from the average daily volume of 529,708 shares. The stock had previously closed at $187.45.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on MTN shares. UBS Group initiated coverage on Vail Resorts in a research note on Thursday, November 14th. They issued a “neutral” rating and a $185.00 price objective for the company. StockNews.com raised shares of Vail Resorts from a “sell” rating to a “hold” rating in a research report on Friday, December 13th. Truist Financial dropped their price objective on shares of Vail Resorts from $250.00 to $247.00 and set a “buy” rating for the company in a report on Tuesday, December 10th. Stifel Nicolaus increased their target price on shares of Vail Resorts from $216.00 to $217.00 and gave the stock a “buy” rating in a report on Tuesday, December 10th. Finally, Macquarie increased their price target on Vail Resorts from $180.00 to $195.00 and gave the company a “neutral” rating in a research report on Wednesday, December 11th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $205.50.

Vail Resorts Stock Performance

The firm has a market cap of $6.62 billion, a price-to-earnings ratio of 29.37, a PEG ratio of 2.22 and a beta of 1.14. The company has a current ratio of 0.63, a quick ratio of 0.71 and a debt-to-equity ratio of 3.64. The firm’s fifty day moving average price is $181.84 and its 200-day moving average price is $179.07.

Vail Resorts (NYSE:MTN) last released its quarterly earnings results on Monday, December 9th. The company reported ($4.61) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($4.99) by $0.38. The firm had revenue of $260.28 million for the quarter, compared to the consensus estimate of $251.45 million. Vail Resorts had a return on equity of 21.90% and a net margin of 8.07%. The firm’s quarterly revenue was up .7% compared to the same quarter last year. During the same quarter last year, the business posted ($4.60) EPS. Analysts expect that Vail Resorts, Inc. will post 7.49 earnings per share for the current year.

Vail Resorts Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 9th. Shareholders of record on Thursday, December 26th will be paid a $2.22 dividend. The ex-dividend date is Thursday, December 26th. This represents a $8.88 dividend on an annualized basis and a yield of 5.02%. Vail Resorts’s dividend payout ratio is presently 147.51%.

Institutional Trading of Vail Resorts

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Signaturefd LLC lifted its holdings in shares of Vail Resorts by 150.9% during the second quarter. Signaturefd LLC now owns 138 shares of the company’s stock worth $25,000 after purchasing an additional 83 shares during the period. V Square Quantitative Management LLC purchased a new position in Vail Resorts during the third quarter worth about $25,000. Capital Performance Advisors LLP acquired a new stake in Vail Resorts in the third quarter valued at about $25,000. Brown Brothers Harriman & Co. boosted its holdings in Vail Resorts by 318.8% in the 2nd quarter. Brown Brothers Harriman & Co. now owns 201 shares of the company’s stock valued at $36,000 after purchasing an additional 153 shares in the last quarter. Finally, UMB Bank n.a. increased its position in Vail Resorts by 123.5% during the 3rd quarter. UMB Bank n.a. now owns 219 shares of the company’s stock worth $38,000 after purchasing an additional 121 shares during the period. 94.94% of the stock is owned by hedge funds and other 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.