Vail Resorts (NYSE:MTN) Sets New 52-Week Low - Should You Sell?

Vail Resorts, Inc. (NYSE:MTN - Get Free Report) hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $136.54 and last traded at $139.18, with a volume of 669639 shares trading hands. The stock had previously closed at $142.00.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on MTN. Macquarie lowered their price target on Vail Resorts from $195.00 to $185.00 and set a "neutral" rating for the company in a report on Wednesday, March 12th. Bank of America lowered their target price on shares of Vail Resorts from $185.00 to $160.00 and set a "neutral" rating for the company in a research note on Monday, April 21st. JPMorgan Chase & Co. raised their price target on shares of Vail Resorts from $166.00 to $167.00 and gave the stock an "underweight" rating in a research report on Tuesday, March 11th. Mizuho lowered their price objective on shares of Vail Resorts from $227.00 to $215.00 and set an "outperform" rating for the company in a research report on Tuesday, March 11th. Finally, Morgan Stanley set a $152.00 price objective on shares of Vail Resorts in a research note on Friday, April 25th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $187.60.

Vail Resorts Trading Down 1.2 %

The firm's 50-day simple moving average is $149.94 and its 200 day simple moving average is $167.20. The stock has a market cap of $5.17 billion, a P/E ratio of 23.00, a PEG ratio of 1.93 and a beta of 0.91. The company has a current ratio of 0.63, a quick ratio of 0.51 and a debt-to-equity ratio of 3.64.

Vail Resorts (NYSE:MTN - Get Free Report) last posted its earnings results on Monday, March 10th. The company reported $6.56 EPS for the quarter, beating the consensus estimate of $6.29 by $0.27. Vail Resorts had a return on equity of 21.90% and a net margin of 8.07%. The firm had revenue of $1.14 billion for the quarter, compared to analysts' expectations of $1.14 billion. During the same period last year, the firm earned $5.76 EPS. The firm's revenue was up 5.5% compared to the same quarter last year. As a group, equities research analysts anticipate that Vail Resorts, Inc. will post 7.62 earnings per share for the current year.

Vail Resorts Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 10th. Stockholders of record on Thursday, March 27th were issued a $2.22 dividend. This represents a $8.88 annualized dividend and a dividend yield of 6.41%. The ex-dividend date of this dividend was Thursday, March 27th. Vail Resorts's dividend payout ratio (DPR) is presently 130.21%.

Insider Buying and Selling

In other Vail Resorts news, CFO Angela A. Korch purchased 185 shares of the company's stock in a transaction on Thursday, March 13th. The shares were purchased at an average cost of $160.00 per share, for a total transaction of $29,600.00. Following the completion of the transaction, the chief financial officer now owns 2,956 shares in the company, valued at $472,960. The trade was a 6.68 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.20% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Vail Resorts

Hedge funds have recently made changes to their positions in the business. Heck Capital Advisors LLC bought a new stake in Vail Resorts during the fourth quarter worth approximately $33,000. Blue Trust Inc. boosted its stake in shares of Vail Resorts by 246.7% during the 4th quarter. Blue Trust Inc. now owns 208 shares of the company's stock worth $36,000 after acquiring an additional 148 shares in the last quarter. Golden State Wealth Management LLC grew its holdings in shares of Vail Resorts by 102.5% in the 1st quarter. Golden State Wealth Management LLC now owns 243 shares of the company's stock worth $39,000 after acquiring an additional 123 shares during the last quarter. Eagle Bay Advisors LLC acquired a new stake in shares of Vail Resorts during the fourth quarter worth $40,000. Finally, Alpine Bank Wealth Management acquired a new stake in shares of Vail Resorts during the first quarter worth $40,000. 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.