Vail Resorts, Inc. (NYSE:MTN) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Vail Resorts, Inc. (NYSE:MTN) have received a consensus rating of “Hold” from the twelve analysts that are currently covering the company, Marketbeat.com reports. Three research analysts have rated the stock with a sell recommendation, six have given a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $175.60.

Several analysts have recently weighed in on the company. Zacks Research lowered Vail Resorts from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 1st. Truist Financial reduced their target price on Vail Resorts from $244.00 to $237.00 and set a “buy” rating for the company in a research report on Tuesday, September 30th. Mizuho lowered their price target on shares of Vail Resorts from $216.00 to $195.00 and set an “outperform” rating on the stock in a report on Tuesday, September 30th. Weiss Ratings downgraded shares of Vail Resorts from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, October 8th. Finally, Deutsche Bank Aktiengesellschaft decreased their target price on shares of Vail Resorts from $170.00 to $165.00 and set a “hold” rating on the stock in a research report on Wednesday, September 17th.

Vail Resorts Stock Performance

NYSE:MTN opened at $140.21 on Monday. The firm’s 50-day moving average is $147.71 and its 200-day moving average is $152.94. The company has a market cap of $5.03 billion, a price-to-earnings ratio of 18.92, a PEG ratio of 2.50 and a beta of 0.90. The company has a debt-to-equity ratio of 3.44, a quick ratio of 0.56 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 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). Vail Resorts had a return on equity of 31.54% and a net margin of 9.45%.The firm had revenue of $271.29 million for the quarter, compared to analyst estimates of $272.87 million. During the same period last year, the business earned ($4.67) earnings per share. The firm’s quarterly revenue was up 2.2% compared to the same quarter last year. Equities research analysts anticipate that Vail Resorts will post 7.62 earnings per share for the current year.

Vail Resorts Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, October 27th. Shareholders of record on Thursday, October 9th were issued a dividend of $2.22 per share. This represents a $8.88 dividend on an annualized basis and a yield of 6.3%. The ex-dividend date of this dividend was Thursday, October 9th. Vail Resorts’s payout ratio is presently 119.84%.

Insider Activity

In related news, CFO Angela A. Korch bought 210 shares of the company’s stock in a transaction dated Tuesday, October 7th. The stock was acquired at an average cost of $155.00 per share, with a total value of $32,550.00. Following the acquisition, the chief financial officer owned 4,905 shares in the company, valued at approximately $760,275. This represents a 4.47% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 1.20% of the company’s stock.

Institutional Trading of Vail Resorts

A number of large investors have recently bought and sold shares of MTN. 111 Capital lifted its holdings in shares of Vail Resorts by 116.3% during the second quarter. 111 Capital now owns 6,172 shares of the company’s stock valued at $970,000 after acquiring an additional 3,319 shares during the period. Jump Financial LLC acquired a new stake in shares of Vail Resorts during the 1st quarter worth about $5,543,000. Landscape Capital Management L.L.C. acquired a new stake in shares of Vail Resorts during the 1st quarter worth about $376,000. First Eagle Investment Management LLC bought a new position in Vail Resorts during the 2nd quarter valued at about $3,735,000. Finally, Kovitz Investment Group Partners LLC bought a new position in Vail Resorts during the 1st quarter valued at about $288,000. 94.90% of the stock is currently owned by institutional investors.

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.