Vail Resorts (NYSE:MTN) Trading Down 2.2%

Vail Resorts, Inc. (NYSE:MTN - Get Free Report) shares were down 2.2% during trading on Friday . The company traded as low as $207.05 and last traded at $209.00. Approximately 81,865 shares were traded during mid-day trading, a decline of 82% from the average daily volume of 464,008 shares. The stock had previously closed at $213.62.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on MTN shares. Mizuho started coverage on Vail Resorts in a research note on Tuesday, March 26th. They issued a "buy" rating and a $256.00 target price for the company. Bank of America lowered Vail Resorts from a "buy" rating to a "neutral" rating and reduced their price objective for the company from $285.00 to $250.00 in a research report on Friday, March 8th. Stifel Nicolaus reaffirmed a "buy" rating and set a $263.00 price objective on shares of Vail Resorts in a research report on Friday, March 22nd. Morgan Stanley raised their price objective on Vail Resorts from $247.00 to $248.00 and gave the company an "equal weight" rating in a research report on Thursday, March 7th. Finally, Truist Financial reaffirmed a "buy" rating and set a $290.00 price objective on shares of Vail Resorts in a research report on Friday, January 19th. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $266.33.

Vail Resorts Trading Down 5.0 %

The firm has a market cap of $7.71 billion, a P/E ratio of 33.88, a price-to-earnings-growth ratio of 2.33 and a beta of 1.11. The stock has a fifty day simple moving average of $224.95 and a 200 day simple moving average of $221.16. The company has a debt-to-equity ratio of 2.37, a quick ratio of 0.85 and a current ratio of 0.96.

Vail Resorts (NYSE:MTN - Get Free Report) last released 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). The firm had revenue of $1.08 billion during the quarter, compared to analysts' expectations of $1.15 billion. Vail Resorts had a return on equity of 19.16% and a net margin of 8.44%. The business's quarterly revenue was down 2.2% on a year-over-year basis. During the same quarter last year, the business earned $5.16 earnings per share. On average, research analysts expect that Vail Resorts, Inc. will post 7.75 earnings per share for the current fiscal year.

Vail Resorts Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, April 11th. Stockholders of record on Thursday, March 28th were paid a $2.22 dividend. This is an increase from Vail Resorts's previous quarterly dividend of $2.06. This represents a $8.88 dividend on an annualized basis and a dividend yield of 4.38%. The ex-dividend date of this dividend was Wednesday, March 27th. Vail Resorts's dividend payout ratio (DPR) is 148.25%.

Insider Transactions at Vail Resorts

In other news, Director Peter A. Vaughn sold 1,000 shares of the firm's stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $222.77, for a total value of $222,770.00. Following the transaction, the director now directly owns 7,592 shares in the company, valued at approximately $1,691,269.84. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 1.20% of the company's stock.

Hedge Funds Weigh In On Vail Resorts

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Benjamin F. Edwards & Company Inc. increased its holdings in shares of Vail Resorts by 3.0% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 1,704 shares of the company's stock worth $364,000 after purchasing an additional 49 shares during the last quarter. Aspire Private Capital LLC grew its stake in shares of Vail Resorts by 6.3% during the fourth quarter. Aspire Private Capital LLC now owns 822 shares of the company's stock valued at $195,869,595,000 after buying an additional 49 shares during the last quarter. First Eagle Investment Management LLC grew its stake in shares of Vail Resorts by 5.6% during the third quarter. First Eagle Investment Management LLC now owns 939 shares of the company's stock valued at $208,000 after buying an additional 50 shares during the last quarter. Kinneret Advisory LLC grew its stake in shares of Vail Resorts by 2.3% during the first quarter. Kinneret Advisory LLC now owns 2,315 shares of the company's stock valued at $607,000 after buying an additional 51 shares during the last quarter. Finally, Great West Life Assurance Co. Can boosted its holdings in shares of Vail Resorts by 0.3% in the first quarter. Great West Life Assurance Co. Can now owns 18,452 shares of the company's stock valued at $4,317,000 after purchasing an additional 51 shares during the period. 94.94% of the stock is currently owned by hedge funds and other institutional investors.

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.