Vail Resorts, Inc. (MTN) Receives Consensus Rating of “Buy” from Analysts
Shares of Vail Resorts, Inc. (NYSE:MTN) have received an average recommendation of “Buy” from the ten research firms that are currently covering the company, MarketBeat reports. Eight analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $247.50.
Several equities research analysts have recently issued reports on MTN shares. Janney Montgomery Scott restated a “buy” rating and set a $260.00 price objective (up previously from $245.00) on shares of Vail Resorts in a report on Friday, September 29th. Stifel Nicolaus restated a “buy” rating and set a $232.00 price objective (up previously from $229.00) on shares of Vail Resorts in a report on Monday, October 2nd. MKM Partners restated a “buy” rating and set a $266.00 price objective (up previously from $264.00) on shares of Vail Resorts in a report on Monday, October 2nd. Zacks Investment Research upgraded Vail Resorts from a “sell” rating to a “hold” rating in a report on Friday, September 29th. Finally, William Blair assumed coverage on Vail Resorts in a report on Friday, July 21st. They issued an “outperform” rating on the stock.
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Vail Resorts (NYSE:MTN) last posted its quarterly earnings data on Thursday, September 28th. The company reported ($1.43) earnings per share (EPS) for the quarter, topping the consensus estimate of ($1.81) by $0.38. Vail Resorts had a return on equity of 13.46% and a net margin of 11.04%. The business had revenue of $209.10 million for the quarter, compared to analysts’ expectations of $210.92 million. During the same quarter last year, the firm earned ($1.80) earnings per share. The business’s revenue was up 16.2% on a year-over-year basis.
The business also recently disclosed a quarterly dividend, which was paid on Friday, October 27th. Shareholders of record on Tuesday, October 10th were paid a dividend of $1.053 per share. This represents a $4.21 dividend on an annualized basis and a dividend yield of 1.84%. The ex-dividend date of this dividend was Friday, October 6th. Vail Resorts’s dividend payout ratio is presently 85.92%.
In other Vail Resorts news, insider Patricia A. Campbell sold 5,515 shares of the business’s stock in a transaction dated Thursday, October 19th. The stock was sold at an average price of $222.41, for a total transaction of $1,226,591.15. Following the transaction, the insider now owns 28,736 shares in the company, valued at $6,391,173.76. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Michael Z. Barkin sold 7,953 shares of the business’s stock in a transaction dated Tuesday, October 10th. The stock was sold at an average price of $216.55, for a total value of $1,722,222.15. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 236,742 shares of company stock worth $51,804,735. 3.30% of the stock is currently owned by insiders.
Several institutional investors and hedge funds have recently modified their holdings of MTN. BlackRock Inc. lifted its stake in shares of Vail Resorts by 2,861.3% during the first quarter. BlackRock Inc. now owns 1,767,451 shares of the company’s stock worth $339,173,000 after purchasing an additional 1,707,766 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. lifted its stake in shares of Vail Resorts by 15,556.3% during the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 255,197 shares of the company’s stock worth $51,762,000 after purchasing an additional 253,567 shares in the last quarter. State Street Corp lifted its stake in shares of Vail Resorts by 40.2% during the second quarter. State Street Corp now owns 718,192 shares of the company’s stock worth $145,687,000 after purchasing an additional 206,079 shares in the last quarter. 1060 Capital LLC acquired a new position in shares of Vail Resorts during the second quarter worth about $30,547,000. Finally, Sumitomo Mitsui Trust Holdings Inc. acquired a new position in shares of Vail Resorts during the second quarter worth about $22,656,000. Institutional investors own 96.45% of the company’s stock.
Vail Resorts Company Profile
Vail Resorts, Inc is a holding company. The Company operates through three segments: Mountain, Lodging and Real Estate. Its Mountain segment operates over 10 mountain resort properties and approximately three urban ski areas, as well as ancillary services, primarily including, ski school, dining, and retail/rental operations.
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