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

Shares of Vail Resorts, Inc. (NYSE:MTN) have earned a consensus rating of “Hold” from the fourteen research firms that are currently covering the company, Marketbeat reports. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating on the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $161.8182.

A number of analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft reduced their price objective on Vail Resorts from $159.00 to $151.00 and set a “hold” rating for the company in a research report on Friday, March 6th. Zacks Research cut Vail Resorts from a “hold” rating to a “strong sell” rating in a research report on Tuesday, April 28th. Weiss Ratings cut Vail Resorts from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, April 9th. Mizuho reduced their price target on Vail Resorts from $202.00 to $200.00 and set an “outperform” rating for the company in a research report on Tuesday, March 10th. Finally, JPMorgan Chase & Co. reduced their price target on Vail Resorts from $172.00 to $156.00 and set a “neutral” rating for the company in a research report on Tuesday, March 10th.

Vail Resorts Price Performance

MTN opened at $127.81 on Monday. The stock has a market cap of $4.55 billion, a price-to-earnings ratio of 20.85, a PEG ratio of 10.78 and a beta of 0.70. Vail Resorts has a 1 year low of $118.51 and a 1 year high of $175.51. The company has a current ratio of 0.62, a quick ratio of 0.51 and a debt-to-equity ratio of 4.43. The stock has a fifty day moving average price of $128.21 and a 200 day moving average price of $136.26.

Vail Resorts (NYSE:MTN) last released its quarterly earnings data on Monday, March 9th. The company reported $5.87 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $6.06 by ($0.19). The firm had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.11 billion. Vail Resorts had a net margin of 7.89% and a return on equity of 29.72%. Vail Resorts’s revenue for the quarter was down 4.7% on a year-over-year basis. During the same period in the previous year, the business posted $6.56 EPS. Analysts forecast that Vail Resorts will post 4.79 EPS for the current fiscal year.

Vail Resorts Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 9th. Stockholders of record on Thursday, March 26th were paid a $2.22 dividend. The ex-dividend date was Thursday, March 26th. This represents a $8.88 dividend on an annualized basis and a dividend yield of 6.9%. Vail Resorts’s payout ratio is presently 144.86%.

Insider Transactions at Vail Resorts

In other Vail Resorts news, CFO Angela A. Korch acquired 190 shares of the company’s stock in a transaction dated Monday, March 16th. The shares were acquired at an average cost of $131.85 per share, for a total transaction of $25,051.50. Following the completion of the purchase, the chief financial officer owned 5,539 shares of the company’s stock, valued at approximately $730,317.15. This trade represents a 3.55% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Robert A. Katz acquired 37,500 shares of the company’s stock in a transaction dated Monday, March 16th. The stock was acquired at an average price of $131.81 per share, for a total transaction of $4,942,875.00. Following the completion of the purchase, the chief executive officer directly owned 285,312 shares of the company’s stock, valued at $37,606,974.72. This trade represents a 15.13% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders own 1.20% of the company’s stock.

Institutional Investors Weigh In On Vail Resorts

Several large investors have recently modified their holdings of MTN. Capital World Investors boosted its holdings in shares of Vail Resorts by 67.0% in the 3rd quarter. Capital World Investors now owns 3,013,463 shares of the company’s stock worth $450,724,000 after acquiring an additional 1,208,874 shares in the last quarter. HighTower Advisors LLC boosted its holdings in shares of Vail Resorts by 15,313.2% in the 4th quarter. HighTower Advisors LLC now owns 450,066 shares of the company’s stock worth $59,769,000 after acquiring an additional 447,146 shares in the last quarter. Norges Bank acquired a new position in shares of Vail Resorts in the 4th quarter worth approximately $41,106,000. Bamco Inc. NY boosted its holdings in shares of Vail Resorts by 4.1% in the 3rd quarter. Bamco Inc. NY now owns 5,702,692 shares of the company’s stock worth $852,952,000 after acquiring an additional 227,143 shares in the last quarter. Finally, M&T Bank Corp acquired a new position in shares of Vail Resorts in the 4th quarter worth approximately $28,521,000. 94.90% of the stock is currently owned by institutional investors.

Vail Resorts Company Profile

Vail Resorts, Inc is a leading mountain resort company that owns and operates an integrated network of ski areas, hotels, restaurants and retail outlets. The company’s signature Epic Pass program offers skiers and snowboarders season‐long access to its portfolio of resorts, while ancillary services such as ski and snowboard schools, equipment rental and retail drive additional revenue.

Headquartered in Broomfield, Colorado, Vail Resorts was formed in 1997, building on the legacy of Vail Associates, which opened the Vail ski area in 1962.