Truist Financial Has Lowered Expectations for Vail Resorts (NYSE:MTN) Stock Price

Vail Resorts (NYSE:MTN - Free Report) had its price target cut by Truist Financial from $247.00 to $244.00 in a report released on Friday, Marketbeat reports. They currently have a buy rating on the stock.

MTN has been the topic of several other research reports. Mizuho cut their price target on Vail Resorts from $227.00 to $215.00 and set an "outperform" rating on the stock in a research note on Tuesday, March 11th. JPMorgan Chase & Co. upgraded Vail Resorts from an "underweight" rating to a "neutral" rating and set a $167.00 price target on the stock in a research note on Wednesday, May 28th. Bank of America boosted their price target on Vail Resorts from $160.00 to $175.00 and gave the stock a "neutral" rating in a research note on Wednesday, May 28th. Morgan Stanley set a $152.00 price target on Vail Resorts in a research note on Friday, April 25th. Finally, Deutsche Bank Aktiengesellschaft cut their price target on Vail Resorts from $183.00 to $171.00 and set a "hold" rating on the stock in a research note on Thursday, May 29th. One analyst has rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $188.80.

Vail Resorts Stock Down 3.0%

Shares of MTN traded down $4.64 during midday trading on Friday, reaching $150.26. 2,189,526 shares of the company were exchanged, compared to its average volume of 586,943. The stock has a 50-day moving average price of $145.63 and a 200-day moving average price of $163.67. The company has a market cap of $5.61 billion, a price-to-earnings ratio of 24.96, a P/E/G ratio of 1.93 and a beta of 0.91. Vail Resorts has a 1-year low of $129.85 and a 1-year high of $199.45. The company has a current ratio of 0.63, a quick ratio of 0.51 and a debt-to-equity ratio of 3.64.

Vail Resorts (NYSE:MTN - Get Free Report) last released its quarterly earnings results on Thursday, June 5th. The company reported $10.54 EPS for the quarter, topping 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 business had revenue of $1.30 billion for the quarter, compared to analysts' expectations of $1.31 billion. During the same quarter in the previous year, the firm posted $9.54 earnings per share. The company's revenue was up 1.0% compared to the same quarter last year. Research analysts expect that Vail Resorts will post 7.62 earnings per share for the current year.

Vail Resorts Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 9th. Stockholders of record on Tuesday, June 24th will be issued a dividend of $2.22 per share. This represents a $8.88 annualized dividend and a dividend yield of 5.91%. The ex-dividend date is Tuesday, June 24th. Vail Resorts's dividend payout ratio (DPR) is presently 130.21%.

Insider Activity

In related news, CFO Angela A. Korch bought 185 shares of the stock in a transaction dated Thursday, March 13th. The stock was bought at an average cost of $160.00 per share, with a total value of $29,600.00. Following the completion of the acquisition, the chief financial officer now owns 2,956 shares of the company's stock, valued at $472,960. This trade represents a 6.68% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.20% of the company's stock.

Hedge Funds Weigh In On Vail Resorts

Several institutional investors have recently made changes to their positions in the stock. Bamco Inc. NY grew its holdings in shares of Vail Resorts by 2.0% during the fourth quarter. Bamco Inc. NY now owns 5,290,546 shares of the company's stock valued at $991,713,000 after purchasing an additional 105,410 shares during the last quarter. Vanguard Group Inc. grew its holdings in Vail Resorts by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 3,716,657 shares of the company's stock worth $696,687,000 after buying an additional 25,916 shares in the last quarter. Principal Financial Group Inc. grew its holdings in Vail Resorts by 0.4% in the 1st quarter. Principal Financial Group Inc. now owns 1,654,081 shares of the company's stock worth $264,686,000 after buying an additional 5,788 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Vail Resorts by 7.2% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,288,911 shares of the company's stock worth $206,252,000 after buying an additional 86,735 shares in the last quarter. Finally, TPG GP A LLC grew its holdings in Vail Resorts by 19.9% in the 4th quarter. TPG GP A LLC now owns 1,036,487 shares of the company's stock worth $194,289,000 after buying an additional 172,082 shares in the last quarter. 94.94% of the stock is owned by institutional investors.

Vail Resorts Company Profile

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.