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

Vail Resorts, Inc. (NYSE:MTN - Get Free Report) has received a consensus recommendation of "Hold" from the ten analysts that are presently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $188.80.

MTN has been the topic of a number of research reports. Truist Financial dropped their price objective on Vail Resorts from $247.00 to $244.00 and set a "buy" rating on the stock in a report on Friday. Morgan Stanley restated an "equal weight" rating on shares of Vail Resorts in a report on Friday. Barclays restated an "underweight" rating and issued a $152.00 price objective (down previously from $165.00) on shares of Vail Resorts in a report on Monday, March 10th. Macquarie dropped their price objective on Vail Resorts from $195.00 to $185.00 and set a "neutral" rating on the stock in a report on Wednesday, March 12th. Finally, JPMorgan Chase & Co. upgraded Vail Resorts from an "underweight" rating to a "neutral" rating and set a $167.00 price objective on the stock in a report on Wednesday, May 28th.

Insider Buying and Selling at Vail Resorts

In related news, CFO Angela A. Korch purchased 185 shares of the stock in a transaction on Thursday, March 13th. The shares were purchased at an average price of $160.00 per share, with a total value of $29,600.00. Following the transaction, the chief financial officer now directly 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 acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 1.20% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in MTN. Norges Bank acquired a new position in Vail Resorts in the 4th quarter valued at $80,669,000. Point72 Asset Management L.P. grew 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 valued at $102,427,000 after buying an additional 344,095 shares in the last quarter. The Manufacturers Life Insurance Company grew 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 valued at $183,039,000 after buying an additional 289,484 shares in the last quarter. First Pacific Advisors LP grew 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 valued at $128,910,000 after buying an additional 283,299 shares in the last quarter. Finally, Wealthfront Advisers LLC acquired a new position in Vail Resorts in the 4th quarter valued at $42,532,000. 94.94% of the stock is owned by institutional investors and hedge funds.

Vail Resorts Price Performance

Shares of NYSE MTN opened at $150.26 on Friday. Vail Resorts has a twelve month low of $129.85 and a twelve month 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. The company has a market capitalization of $5.61 billion, a price-to-earnings ratio of 24.96, a PEG ratio of 1.93 and a beta of 0.91. The firm has a 50-day moving average of $145.63 and a two-hundred day moving average of $163.58.

Vail Resorts (NYSE:MTN - Get Free Report) last posted its quarterly earnings data on Thursday, June 5th. The company reported $10.54 EPS for the quarter, beating analysts' consensus estimates of $10.00 by $0.54. The company had revenue of $1.30 billion during the quarter, compared to analyst estimates of $1.31 billion. Vail Resorts had a net margin of 8.07% and a return on equity of 21.90%. The business's quarterly revenue was up 1.0% on a year-over-year basis. During the same period in the prior year, the firm earned $9.54 earnings per share. As a group, analysts expect that Vail Resorts will post 7.62 earnings per share for the current fiscal year.

Vail Resorts Dividend Announcement

The firm 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 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%.

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.

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