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

Key Points

• Vail Resorts, Inc. has received a consensus recommendation of "Hold" from analysts, with one sell, six hold, and three buy ratings among ten research firms.
• The average 12-month price target from analysts for Vail Resorts stands at $187.20, reflecting varying assessments from multiple financial institutions.
• The company recently declared a quarterly dividend of $2.22 per share, representing an annualized yield of 5.6% and a payout ratio of 113.55%.

Shares of Vail Resorts, Inc. (NYSE:MTN - Get Free Report) have earned an average rating of "Hold" from the ten ratings firms that are currently covering the company, Marketbeat reports. One analyst has rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company. The average 1-year price target among analysts that have covered the stock in the last year is $187.20.

Several research firms recently weighed in on MTN. UBS Group dropped their price target on Vail Resorts from $185.00 to $169.00 and set a "neutral" rating on the stock in a research report on Wednesday, June 11th. Bank of America boosted their target price on Vail Resorts from $160.00 to $175.00 and gave the stock a "neutral" rating in a report on Wednesday, May 28th. Truist Financial dropped their target price on Vail Resorts from $247.00 to $244.00 and set a "buy" rating on the stock in a report on Friday, June 6th. JPMorgan Chase & Co. raised Vail Resorts from an "underweight" rating to a "neutral" rating and set a $167.00 target price on the stock in a report on Wednesday, May 28th. Finally, Deutsche Bank Aktiengesellschaft dropped their target price on Vail Resorts from $183.00 to $171.00 and set a "hold" rating on the stock in a report on Thursday, May 29th.

Vail Resorts Stock Up 3.6%

Shares of NYSE MTN traded up $5.5780 during mid-day trading on Friday, hitting $162.6880. 481,463 shares of the stock traded hands, compared to its average volume of 486,633. The company has a debt-to-equity ratio of 1.70, a quick ratio of 0.54 and a current ratio of 0.61. 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 $6.04 billion, a price-to-earnings ratio of 20.80, a PEG ratio of 2.01 and a beta of 0.90. The stock has a fifty day moving average price of $157.26 and a 200-day moving average price of $154.10.

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, beating 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 company had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.31 billion. During the same period in the previous year, the company posted $9.54 earnings per share. The firm's revenue was up 1.0% on a year-over-year basis. Research analysts anticipate that Vail Resorts will post 7.62 EPS for the current year.

Vail Resorts Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 9th. Shareholders of record on Tuesday, June 24th were issued a $2.22 dividend. This represents a $8.88 annualized dividend and a yield of 5.5%. The ex-dividend date of this dividend was Tuesday, June 24th. Vail Resorts's payout ratio is 113.55%.

Insider Buying and Selling

In other Vail Resorts news, CFO Angela A. Korch purchased 200 shares of the stock in a transaction dated Friday, June 20th. The shares were purchased at an average cost of $157.00 per share, with a total value of $31,400.00. Following the completion of the acquisition, the chief financial officer directly owned 3,156 shares in the company, valued at $495,492. This trade represents a 6.77% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 1.20% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. State of Wyoming bought a new position in shares of Vail Resorts during the second quarter valued at $64,000. Nomura Holdings Inc. bought a new position in shares of Vail Resorts during the second quarter valued at $8,572,000. Parr Mcknight Wealth Management Group LLC lifted its position in Vail Resorts by 5.9% during the second quarter. Parr Mcknight Wealth Management Group LLC now owns 7,969 shares of the company's stock valued at $1,252,000 after purchasing an additional 441 shares during the period. Evergreen Capital Management LLC purchased a new stake in Vail Resorts in the second quarter worth approximately $378,000. Finally, Tower Research Capital LLC TRC grew its position in Vail Resorts by 9.0% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,363 shares of the company's stock worth $214,000 after purchasing an additional 113 shares during the period. 94.90% of the stock is owned by institutional investors.

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.