Vail Resorts (NYSE:MTN) Reaches New 1-Year Low at $197.29

Vail Resorts, Inc. (NYSE:MTN - Get Free Report)'s stock price reached a new 52-week low on Monday . The company traded as low as $197.29 and last traded at $197.43, with a volume of 65085 shares. The stock had previously closed at $198.33.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. Truist Financial reissued a "buy" rating and issued a $290.00 target price on shares of Vail Resorts in a research report on Friday, January 19th. Bank of America lowered Vail Resorts from a "buy" rating to a "neutral" rating and decreased their target price for the stock from $285.00 to $250.00 in a research note on Friday, March 8th. Mizuho initiated coverage on shares of Vail Resorts in a research note on Tuesday, March 26th. They set a "buy" rating and a $256.00 price target on the stock. Morgan Stanley lowered their price objective on shares of Vail Resorts from $242.00 to $229.00 and set an "equal weight" rating for the company in a research note on Monday, April 22nd. Finally, Stifel Nicolaus reaffirmed a "buy" rating and set a $263.00 target price on shares of Vail Resorts in a research note on Friday, March 22nd. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, Vail Resorts currently has a consensus rating of "Hold" and a consensus target price of $260.11.

Vail Resorts Price Performance

The stock has a fifty day simple moving average of $221.91 and a 200-day simple moving average of $220.78. The company has a market capitalization of $7.43 billion, a PE ratio of 32.66, a P/E/G ratio of 2.19 and a beta of 1.11. The company has a current ratio of 0.96, a quick ratio of 0.85 and a debt-to-equity ratio of 2.37.

Vail Resorts (NYSE:MTN - Get Free Report) last announced its quarterly earnings results on Monday, March 11th. The company reported $5.76 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $6.07 by ($0.31). Vail Resorts had a net margin of 8.44% and a return on equity of 19.16%. The business had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.15 billion. During the same period last year, the company earned $5.16 earnings per share. The business's revenue for the quarter was down 2.2% compared to the same quarter last year. Equities analysts anticipate that Vail Resorts, Inc. will post 7.6 earnings per share for the current year.

Vail Resorts Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, April 11th. Stockholders of record on Thursday, March 28th were issued a $2.22 dividend. This is an increase from Vail Resorts's previous quarterly dividend of $2.06. This represents a $8.88 annualized dividend and a dividend yield of 4.54%. The ex-dividend date was Wednesday, March 27th. Vail Resorts's payout ratio is presently 148.25%.

Insider Buying and Selling

In related news, Director Peter A. Vaughn sold 1,000 shares of the company's stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $222.77, for a total value of $222,770.00. Following the completion of the sale, the director now owns 7,592 shares in the company, valued at approximately $1,691,269.84. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 1.20% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Vail Resorts

Several institutional investors have recently added to or reduced their stakes in MTN. Norges Bank purchased a new stake in shares of Vail Resorts in the fourth quarter valued at about $85,704,000. Nordea Investment Management AB lifted its holdings in shares of Vail Resorts by 2,451.9% in the 4th quarter. Nordea Investment Management AB now owns 417,293 shares of the company's stock valued at $89,931,000 after buying an additional 400,941 shares during the period. APG Asset Management US Inc. purchased a new stake in shares of Vail Resorts in the fourth quarter valued at approximately $37,684,000. Ceredex Value Advisors LLC purchased a new position in Vail Resorts in the fourth quarter worth $35,645,000. Finally, London Co. of Virginia acquired a new stake in Vail Resorts in the third quarter valued at $32,280,000. Institutional investors and hedge funds own 94.94% of the company's stock.

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.