Vail Resorts, Inc. (NYSE:MTN) Receives Average Rating of “Hold” from Brokerages

Vail Resorts, Inc. (NYSE:MTN) has received an average rating of “Hold” from the nine brokerages that are covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and three have issued a buy recommendation on the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $208.22.

MTN has been the topic of several recent analyst reports. Macquarie restated a “neutral” rating and set a $180.00 target price on shares of Vail Resorts in a research report on Wednesday. Stifel Nicolaus dropped their price objective on Vail Resorts from $223.00 to $216.00 and set a “buy” rating for the company in a research note on Friday, September 27th. Barclays decreased their target price on Vail Resorts from $161.00 to $155.00 and set an “underweight” rating on the stock in a research report on Friday, September 27th. Deutsche Bank Aktiengesellschaft dropped their price target on Vail Resorts from $218.00 to $194.00 and set a “hold” rating for the company in a research report on Monday, September 16th. Finally, StockNews.com downgraded Vail Resorts from a “hold” rating to a “sell” rating in a research note on Friday, September 27th.

Vail Resorts Stock Down 0.5 %

MTN opened at $173.22 on Tuesday. The company has a debt-to-equity ratio of 2.62, a current ratio of 0.82 and a quick ratio of 0.71. Vail Resorts has a 12 month low of $165.14 and a 12 month high of $236.92. The stock has a market capitalization of $6.52 billion, a P/E ratio of 23.57, a P/E/G ratio of 1.63 and a beta of 1.13. The business has a 50 day simple moving average of $178.83 and a 200-day simple moving average of $190.29.

Vail Resorts (NYSE:MTN) last issued its earnings results on Thursday, September 26th. The company reported ($4.67) EPS for the quarter, missing the consensus estimate of ($4.28) by ($0.39). The company had revenue of $265.39 million for the quarter, compared to analysts’ expectations of $264.84 million. Vail Resorts had a return on equity of 20.76% and a net margin of 7.99%. Vail Resorts’s revenue for the quarter was down 1.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($3.35) earnings per share. On average, equities analysts anticipate that Vail Resorts will post 7.52 earnings per share for the current fiscal year.

Vail Resorts Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 24th. Stockholders of record on Tuesday, October 8th will be given a $2.22 dividend. This represents a $8.88 dividend on an annualized basis and a dividend yield of 5.13%. The ex-dividend date is Tuesday, October 8th. Vail Resorts’s dividend payout ratio is presently 120.82%.

Insider Activity at Vail Resorts

In other news, CFO Angela A. Korch bought 165 shares of the stock in a transaction on Thursday, October 3rd. The stock was purchased at an average cost of $173.09 per share, with a total value of $28,559.85. Following the purchase, the chief financial officer now owns 2,187 shares of the company’s stock, valued at approximately $378,547.83. The trade was a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this link. In related news, Director John F. Sorte sold 1,670 shares of the firm’s stock in a transaction that occurred on Wednesday, October 2nd. The shares were sold at an average price of $173.07, for a total value of $289,026.90. Following the sale, the director now directly owns 45,111 shares of the company’s stock, valued at approximately $7,807,360.77. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Angela A. Korch bought 165 shares of the stock in a transaction that occurred on Thursday, October 3rd. The stock was bought at an average price of $173.09 per share, with a total value of $28,559.85. Following the completion of the acquisition, the chief financial officer now owns 2,187 shares of the company’s stock, valued at $378,547.83. This trade represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Insiders own 1.20% of the company’s stock.

Hedge Funds Weigh In On Vail Resorts

A number of hedge funds have recently made changes to their positions in MTN. Signaturefd LLC lifted its stake in shares of Vail Resorts by 150.9% in the 2nd quarter. Signaturefd LLC now owns 138 shares of the company’s stock valued at $25,000 after purchasing an additional 83 shares in the last quarter. Quarry LP acquired a new position in Vail Resorts during the fourth quarter valued at approximately $35,000. Brown Brothers Harriman & Co. grew its stake in Vail Resorts by 318.8% during the second quarter. Brown Brothers Harriman & Co. now owns 201 shares of the company’s stock worth $36,000 after buying an additional 153 shares during the period. Canton Hathaway LLC increased its position in shares of Vail Resorts by 66.7% in the second quarter. Canton Hathaway LLC now owns 250 shares of the company’s stock worth $45,000 after acquiring an additional 100 shares in the last quarter. Finally, Triad Wealth Partners LLC purchased a new position in shares of Vail Resorts in the 2nd quarter valued at $51,000. 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.