Vail Resorts (NYSE:MTN) Price Target Cut to $169.00 by Analysts at UBS Group

Vail Resorts (NYSE:MTN) had its price objective trimmed by UBS Group from $185.00 to $169.00 in a research note issued to investors on Wednesday morning,Benzinga reports. The brokerage currently has a neutral rating on the stock.

MTN has been the subject of several other reports. Barclays reissued an “underweight” rating and issued a $152.00 price objective (down from $165.00) on shares of Vail Resorts in a research note on Monday, March 10th. Mizuho increased their price objective on Vail Resorts from $215.00 to $216.00 and gave the company an “outperform” rating in a research note on Friday, June 6th. Macquarie reduced their price objective on Vail Resorts from $195.00 to $185.00 and set a “neutral” rating for the company in a research note on Wednesday, March 12th. Truist Financial reduced their price objective on Vail Resorts from $247.00 to $244.00 and set a “buy” rating for the company in a research note on Friday, June 6th. Finally, JPMorgan Chase & Co. raised Vail Resorts from an “underweight” rating to a “neutral” rating and set a $167.00 price objective for the company in a research note on Wednesday, May 28th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $187.20.

Vail Resorts Trading Down 3.1%

Shares of MTN stock opened at $151.79 on Wednesday. The company has a debt-to-equity ratio of 3.64, a current ratio of 0.63 and a quick ratio of 0.51. The company has a market cap of $5.67 billion, a price-to-earnings ratio of 25.21, a PEG ratio of 1.93 and a beta of 0.91. The stock has a 50 day simple moving average of $145.66 and a 200-day simple moving average of $163.13. Vail Resorts has a 1-year low of $129.85 and a 1-year high of $199.45.

Vail Resorts (NYSE:MTN) last posted its quarterly earnings data on Thursday, June 5th. The company reported $10.54 EPS for the quarter, beating the consensus estimate of $10.00 by $0.54. Vail Resorts had a return on equity of 21.90% and a net margin of 8.07%. The firm had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.31 billion. During the same period in the prior year, the company earned $9.54 EPS. The firm’s revenue was up 1.0% compared to the same quarter last year. On average, equities research analysts expect that Vail Resorts will post 7.62 EPS for the current fiscal year.

Vail Resorts Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 9th. Investors of record on Tuesday, June 24th will be given a dividend of $2.22 per share. This represents a $8.88 annualized dividend and a yield of 5.85%. The ex-dividend date of this dividend is Tuesday, June 24th. Vail Resorts’s payout ratio is currently 113.55%.

Institutional Investors Weigh In On Vail Resorts

Several hedge funds and other institutional investors have recently bought and sold shares of the company. SouthState Corp purchased a new position in shares of Vail Resorts during the 1st quarter worth $29,000. Heck Capital Advisors LLC purchased a new position in shares of Vail Resorts during the 4th quarter worth $33,000. Golden State Wealth Management LLC grew its holdings in shares of Vail Resorts by 102.5% during the 1st quarter. Golden State Wealth Management LLC now owns 243 shares of the company’s stock worth $39,000 after purchasing an additional 123 shares during the period. Alpine Bank Wealth Management purchased a new position in shares of Vail Resorts during the 1st quarter worth $40,000. Finally, GAMMA Investing LLC grew its holdings in shares of Vail Resorts by 75.3% during the 1st quarter. GAMMA Investing LLC now owns 270 shares of the company’s stock worth $43,000 after purchasing an additional 116 shares during the period. 94.94% of the stock is currently owned by institutional investors and hedge funds.

About Vail Resorts

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.