Vail Resorts, Inc. (NYSE:MTN) Given Average Rating of "Hold" by Analysts

Shares of Vail Resorts, Inc. (NYSE:MTN - Get Free Report) have received a consensus rating of "Hold" from the ten research firms that are covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and three have given a buy recommendation to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $187.20.

A number of analysts have commented on MTN shares. JPMorgan Chase & Co. raised Vail Resorts from an "underweight" rating to a "neutral" rating and set a $167.00 price target for the company in a research report on Wednesday, May 28th. Mizuho lifted their price target on Vail Resorts from $215.00 to $216.00 and gave the stock an "outperform" rating in a research report on Friday, June 6th. UBS Group lowered their price target on Vail Resorts from $185.00 to $169.00 and set a "neutral" rating for the company in a research report on Wednesday, June 11th. Truist Financial lowered their price target on Vail Resorts from $247.00 to $244.00 and set a "buy" rating for the company in a research report on Friday, June 6th. Finally, Bank of America lifted their price target on Vail Resorts from $160.00 to $175.00 and gave the stock a "neutral" rating in a research report on Wednesday, May 28th.

Vail Resorts Stock Down 0.3%

MTN stock traded down $0.46 on Thursday, hitting $164.02. 429,266 shares of the company's stock were exchanged, compared to its average volume of 593,904. Vail Resorts has a 12-month low of $129.85 and a 12-month high of $199.45. The firm has a 50 day moving average price of $152.13 and a two-hundred day moving average price of $159.46. The company has a debt-to-equity ratio of 1.70, a quick ratio of 0.54 and a current ratio of 0.61. The stock has a market cap of $6.09 billion, a P/E ratio of 20.97, a price-to-earnings-growth ratio of 2.02 and a beta of 0.91.

Vail Resorts (NYSE:MTN - Get Free Report) last announced its earnings results on Thursday, June 5th. The company reported $10.54 earnings per share for the quarter, topping the consensus estimate of $10.00 by $0.54. Vail Resorts had a return on equity of 30.25% and a net margin of 9.81%. The firm had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.31 billion. During the same period in the previous year, the business earned $9.54 EPS. The firm's revenue for the quarter was up 1.0% on a year-over-year basis. As a group, equities research analysts expect that Vail Resorts will post 7.62 EPS for the current fiscal year.

Vail Resorts Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 9th. Stockholders of record on Tuesday, June 24th will be issued a $2.22 dividend. The ex-dividend date is Tuesday, June 24th. This represents a $8.88 annualized dividend and a dividend yield of 5.41%. Vail Resorts's dividend payout ratio (DPR) is presently 113.55%.

Insider Activity

In related news, CFO Angela A. Korch acquired 200 shares of the firm's stock in a transaction dated Friday, June 20th. The stock was acquired at an average price of $157.00 per share, with a total value of $31,400.00. Following the acquisition, the chief financial officer directly owned 3,156 shares in the company, valued at $495,492. This represents a 6.77% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 1.20% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Vail Resorts

A number of large investors have recently bought and sold shares of MTN. Norges Bank acquired a new position in Vail Resorts in the 4th quarter worth about $80,669,000. Point72 Asset Management L.P. raised its holdings in Vail Resorts by 170.1% in the 4th quarter. Point72 Asset Management L.P. now owns 546,423 shares of the company's stock worth $102,427,000 after purchasing an additional 344,095 shares during the period. The Manufacturers Life Insurance Company raised its holdings in Vail Resorts by 42.1% in the 4th quarter. The Manufacturers Life Insurance Company now owns 976,468 shares of the company's stock worth $183,039,000 after purchasing an additional 289,484 shares during the period. First Pacific Advisors LP raised its holdings in Vail Resorts by 54.2% in the 1st quarter. First Pacific Advisors LP now owns 805,584 shares of the company's stock worth $128,910,000 after purchasing an additional 283,299 shares during the period. Finally, Wealthfront Advisers LLC acquired a new position in Vail Resorts in the 4th quarter worth about $42,532,000. Institutional investors and hedge funds own 94.94% of the company's stock.

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.