Zacks Research Downgrades Vail Resorts (NYSE:MTN) to Strong Sell

Zacks Research downgraded shares of Vail Resorts (NYSE:MTN) from a hold rating to a strong sell rating in a research note published on Wednesday,Zacks.com reports.

Several other research analysts have also recently commented on MTN. Mizuho reduced their target price on shares of Vail Resorts from $216.00 to $195.00 and set an “outperform” rating for the company in a report on Tuesday. UBS Group reduced their price objective on shares of Vail Resorts from $185.00 to $169.00 and set a “neutral” rating for the company in a research note on Wednesday, June 11th. Bank of America decreased their price objective on Vail Resorts from $175.00 to $165.00 and set a “neutral” rating for the company in a report on Tuesday. Stifel Nicolaus reaffirmed a “buy” rating and issued a $175.00 target price (down previously from $180.00) on shares of Vail Resorts in a research report on Tuesday. Finally, Deutsche Bank Aktiengesellschaft reduced their price target on Vail Resorts from $170.00 to $165.00 and set a “hold” rating for the company in a research report on Wednesday, September 17th. Three analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, Vail Resorts has an average rating of “Hold” and a consensus target price of $174.90.

Vail Resorts Stock Up 1.0%

Shares of Vail Resorts stock opened at $157.07 on Wednesday. The firm has a market cap of $5.84 billion, a PE ratio of 21.20, a P/E/G ratio of 2.54 and a beta of 0.86. The business’s 50 day simple moving average is $152.88 and its 200 day simple moving average is $152.52. The company has a debt-to-equity ratio of 3.44, a quick ratio of 0.54 and a current ratio of 0.63. Vail Resorts has a 52-week low of $129.85 and a 52-week high of $199.45.

Vail Resorts (NYSE:MTN) last released its quarterly earnings results on Monday, September 29th. The company reported ($5.08) earnings per share for the quarter, missing analysts’ consensus estimates of ($4.75) by ($0.33). The firm had revenue of $271.29 million for the quarter, compared to analyst estimates of $272.87 million. Vail Resorts had a return on equity of 31.54% and a net margin of 9.45%.The company’s revenue was up 2.2% compared to the same quarter last year. During the same period last year, the company earned ($4.67) EPS. On average, analysts predict that Vail Resorts will post 7.62 earnings per share for the current fiscal year.

Vail Resorts Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 27th. Shareholders of record on Thursday, October 9th will be paid a $2.22 dividend. The ex-dividend date is Thursday, October 9th. This represents a $8.88 annualized dividend and a yield of 5.7%. Vail Resorts’s dividend payout ratio is currently 119.84%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. EverSource Wealth Advisors LLC raised its stake in Vail Resorts by 815.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 174 shares of the company’s stock valued at $27,000 after acquiring an additional 155 shares during the period. SouthState Corp bought a new position in shares of Vail Resorts in the first quarter valued at about $29,000. Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in shares of Vail Resorts by 196.8% during the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 187 shares of the company’s stock worth $29,000 after buying an additional 124 shares during the last quarter. Farther Finance Advisors LLC boosted its holdings in shares of Vail Resorts by 676.0% during the 2nd quarter. Farther Finance Advisors LLC now owns 194 shares of the company’s stock worth $30,000 after buying an additional 169 shares during the period. Finally, Parkside Financial Bank & Trust grew its stake in Vail Resorts by 222.7% in the 2nd quarter. Parkside Financial Bank & Trust now owns 213 shares of the company’s stock valued at $33,000 after buying an additional 147 shares during the last quarter. 94.90% of the stock is owned by institutional investors and hedge funds.

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.