Vail Resorts, Inc. (NYSE:MTN) Receives $266.33 Consensus PT from Brokerages

Shares of Vail Resorts, Inc. (NYSE:MTN - Get Free Report) have received an average rating of "Hold" from the seven brokerages that are presently covering the firm, MarketBeat Ratings reports. Four analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $266.33.

MTN has been the subject of a number of recent research reports. Stifel Nicolaus reiterated a "buy" rating and issued a $263.00 price objective on shares of Vail Resorts in a report on Friday, March 22nd. Truist Financial reiterated a "buy" rating and issued a $290.00 price objective on shares of Vail Resorts in a report on Friday, January 19th. Bank of America cut shares of Vail Resorts from a "buy" rating to a "neutral" rating and decreased their price objective for the stock from $285.00 to $250.00 in a report on Friday, March 8th. Morgan Stanley boosted their target price on shares of Vail Resorts from $247.00 to $248.00 and gave the stock an "equal weight" rating in a research report on Thursday, March 7th. Finally, Mizuho assumed coverage on shares of Vail Resorts in a research report on Tuesday, March 26th. They set a "buy" rating and a $256.00 target price for the company.

Insider Activity at Vail Resorts

In other Vail Resorts news, Director Peter A. Vaughn sold 1,000 shares of the company's stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $222.77, for a total transaction of $222,770.00. Following the sale, the director now directly owns 7,592 shares of the company's stock, valued at $1,691,269.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 1.20% of the stock is currently owned by insiders.

Institutional Trading of Vail Resorts

Hedge funds have recently modified their holdings of the stock. Pittenger & Anderson Inc. raised its holdings in shares of Vail Resorts by 125.0% during the third quarter. Pittenger & Anderson Inc. now owns 117 shares of the company's stock worth $26,000 after acquiring an additional 65 shares during the period. Park Place Capital Corp raised its holdings in shares of Vail Resorts by 531.6% during the fourth quarter. Park Place Capital Corp now owns 120 shares of the company's stock worth $26,000 after acquiring an additional 101 shares during the period. Rise Advisors LLC raised its holdings in shares of Vail Resorts by 62.2% during the fourth quarter. Rise Advisors LLC now owns 159 shares of the company's stock worth $34,000 after acquiring an additional 61 shares during the period. Quarry LP acquired a new stake in shares of Vail Resorts during the fourth quarter worth $35,000. Finally, Desjardins Global Asset Management Inc. raised its holdings in shares of Vail Resorts by 70.4% during the fourth quarter. Desjardins Global Asset Management Inc. now owns 167 shares of the company's stock worth $36,000 after acquiring an additional 69 shares during the period. 94.94% of the stock is owned by institutional investors.

Vail Resorts Stock Up 0.6 %

Shares of Vail Resorts stock traded up $1.41 on Tuesday, hitting $232.25. 482,049 shares of the company traded hands, compared to its average volume of 462,476. The company has a 50-day moving average price of $224.72 and a 200 day moving average price of $221.67. The company has a quick ratio of 0.85, a current ratio of 0.96 and a debt-to-equity ratio of 2.37. Vail Resorts has a 12-month low of $204.88 and a 12-month high of $258.13. The company has a market cap of $8.82 billion, a PE ratio of 38.51, a PEG ratio of 2.43 and a beta of 1.11.

Vail Resorts (NYSE:MTN - Get Free Report) last posted its quarterly earnings results on Monday, March 11th. The company reported $5.76 EPS for the quarter, missing the consensus estimate of $6.07 by ($0.31). Vail Resorts had a net margin of 8.44% and a return on equity of 19.16%. The company had revenue of $1.08 billion for the quarter, compared to analysts' expectations of $1.15 billion. During the same quarter in the prior year, the firm earned $5.16 earnings per share. The company's revenue was down 2.2% on a year-over-year basis. Sell-side analysts predict that Vail Resorts will post 7.75 earnings per share for the current year.

Vail Resorts Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 11th. Investors of record on Thursday, March 28th will be paid a $2.22 dividend. The ex-dividend date is Wednesday, March 27th. This represents a $8.88 dividend on an annualized basis and a yield of 3.82%. This is a boost from Vail Resorts's previous quarterly dividend of $2.06. Vail Resorts's payout ratio is presently 148.25%.

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.