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

Key Points

• Vail Resorts, Inc. has received an average recommendation of "Hold" from analysts, with ratings comprising three sell, six hold, and three buy ratings. The average 1-year price target is set at $174.90.
• In its recent quarterly earnings report, Vail Resorts missed earnings expectations, reporting ($5.08) per share against the consensus estimate of ($4.75), and generated revenue of $271.29 million, slightly below the expected $272.87 million.
• The company announced a quarterly dividend of $2.22 per share, which is a 6.0% yield based on an annualized payout of $8.88, with insiders owning 1.20% of the stock.

Shares of Vail Resorts, Inc. (NYSE:MTN - Get Free Report) have been assigned an average rating of "Hold" from the twelve ratings firms that are covering the company, MarketBeat Ratings reports. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $174.90.

A number of analysts have commented on the stock. Weiss Ratings cut shares of Vail Resorts from a "hold (c-)" rating to a "sell (d+)" rating in a report on Wednesday. Truist Financial lowered their price target on shares of Vail Resorts from $244.00 to $237.00 and set a "buy" rating on the stock in a report on Tuesday, September 30th. Bank of America dropped their target price on shares of Vail Resorts from $175.00 to $165.00 and set a "neutral" rating for the company in a report on Tuesday, September 30th. Deutsche Bank Aktiengesellschaft dropped their price objective on Vail Resorts from $170.00 to $165.00 and set a "hold" rating for the company in a research note on Wednesday, September 17th. Finally, Morgan Stanley reduced their price objective on shares of Vail Resorts from $155.00 to $146.00 and set an "equal weight" rating on the stock in a research report on Wednesday, October 1st.

Insiders Place Their Bets

In other news, CFO Angela A. Korch bought 210 shares of the stock in a transaction dated Tuesday, October 7th. The stock was purchased at an average cost of $155.00 per share, for a total transaction of $32,550.00. Following the transaction, the chief financial officer owned 4,905 shares of the company's stock, valued at $760,275. The trade was a 4.47% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.20% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Vail Resorts

Several institutional investors have recently modified their holdings of the stock. EverSource Wealth Advisors LLC boosted its stake in Vail Resorts by 815.8% during the second quarter. EverSource Wealth Advisors LLC now owns 174 shares of the company's stock worth $27,000 after buying an additional 155 shares during the period. SouthState Corp bought a new position in Vail Resorts in the 1st quarter worth about $29,000. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in shares of Vail Resorts by 196.8% during the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 187 shares of the company's stock worth $29,000 after acquiring an additional 124 shares during the period. Farther Finance Advisors LLC boosted its holdings in shares of Vail Resorts by 676.0% in the second quarter. Farther Finance Advisors LLC now owns 194 shares of the company's stock valued at $30,000 after purchasing an additional 169 shares during the period. Finally, Parkside Financial Bank & Trust grew its stake in Vail Resorts by 222.7% in the second quarter. Parkside Financial Bank & Trust now owns 213 shares of the company's stock worth $33,000 after purchasing an additional 147 shares in the last quarter. 94.90% of the stock is owned by institutional investors.

Vail Resorts Trading Down 0.8%

NYSE MTN opened at $148.92 on Friday. The stock's fifty day moving average price is $152.79 and its 200-day moving average price is $152.12. The stock has a market cap of $5.34 billion, a P/E ratio of 20.10, a P/E/G ratio of 2.47 and a beta of 0.86. Vail Resorts has a 12 month low of $129.85 and a 12 month high of $199.45. The company has a current ratio of 0.63, a quick ratio of 0.56 and a debt-to-equity ratio of 3.44.

Vail Resorts (NYSE:MTN - Get Free Report) last posted its quarterly earnings results on Monday, September 29th. The company reported ($5.08) earnings per share for the quarter, missing the consensus estimate of ($4.75) by ($0.33). Vail Resorts had a return on equity of 31.54% and a net margin of 9.45%.The business had revenue of $271.29 million during the quarter, compared to analysts' expectations of $272.87 million. During the same quarter in the prior year, the firm earned ($4.67) EPS. The firm's revenue for the quarter was up 2.2% compared to the same quarter last year. As a group, equities analysts forecast that Vail Resorts will post 7.62 EPS for the current fiscal year.

Vail Resorts Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, October 27th. Investors of record on Thursday, October 9th will be given a $2.22 dividend. This represents a $8.88 dividend on an annualized basis and a dividend yield of 6.0%. The ex-dividend date is Thursday, October 9th. Vail Resorts's payout ratio is currently 119.84%.

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.

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.