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

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

A number of equities analysts have commented on the company. Barclays reissued an "underweight" rating and set a $152.00 target price (down previously from $165.00) on shares of Vail Resorts in a report on Monday, March 10th. JPMorgan Chase & Co. raised Vail Resorts from an "underweight" rating to a "neutral" rating and set a $167.00 price objective for the company in a research note on Wednesday, May 28th. Morgan Stanley restated an "equal weight" rating on shares of Vail Resorts in a report on Friday, June 6th. Truist Financial dropped their target price on shares of Vail Resorts from $247.00 to $244.00 and set a "buy" rating for the company in a report on Friday, June 6th. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on shares of Vail Resorts from $183.00 to $171.00 and set a "hold" rating on the stock in a research note on Thursday, May 29th.

Vail Resorts Stock Performance

MTN opened at $164.53 on Thursday. The firm's fifty day simple moving average is $151.17 and its two-hundred day simple moving average is $159.98. Vail Resorts has a 52-week low of $129.85 and a 52-week high of $199.45. The company has a market cap of $6.11 billion, a price-to-earnings ratio of 21.04, a PEG ratio of 1.98 and a beta of 0.91. The company has a quick ratio of 0.54, a current ratio of 0.61 and a debt-to-equity ratio of 1.70.

Vail Resorts (NYSE:MTN - Get Free Report) last released its quarterly 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 net margin of 9.81% and a return on equity of 30.25%. The firm had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.31 billion. During the same quarter in the prior year, the firm earned $9.54 EPS. The company's revenue for the quarter was up 1.0% on a year-over-year basis. Equities analysts anticipate that Vail Resorts will post 7.62 earnings per share for the current fiscal year.

Vail Resorts Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 9th. Investors of record on Tuesday, June 24th will be issued a $2.22 dividend. This represents a $8.88 dividend on an annualized basis and a dividend yield of 5.40%. The ex-dividend date is Tuesday, June 24th. Vail Resorts's dividend payout ratio is currently 113.55%.

Insider Transactions at Vail Resorts

In other news, CFO Angela A. Korch bought 200 shares of the firm's stock in a transaction on Friday, June 20th. The shares were bought at an average cost of $157.00 per share, for a total transaction of $31,400.00. Following the acquisition, the chief financial officer directly owned 3,156 shares of the company's stock, valued at $495,492. This trade represents a 6.77% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 1.20% of the company's stock.

Institutional Trading of Vail Resorts

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Hodges Capital Management Inc. purchased a new position in Vail Resorts in the first quarter worth approximately $382,000. Impala Asset Management LLC acquired a new position in shares of Vail Resorts in the 1st quarter valued at $1,120,000. Bayforest Capital Ltd purchased a new position in shares of Vail Resorts during the 1st quarter worth $404,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of Vail Resorts by 1.9% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 148,235 shares of the company's stock worth $23,721,000 after purchasing an additional 2,824 shares during the period. Finally, United Services Automobile Association acquired a new stake in shares of Vail Resorts during the 1st quarter worth about $411,000. 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.