Vail Resorts (NYSE:MTN) Reaches New 1-Year Low - Should You Sell?

Vail Resorts, Inc. (NYSE:MTN - Get Free Report) shares reached a new 52-week low during trading on Wednesday . The company 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 Ratings Changes

Several equities research analysts have issued reports on MTN shares. Macquarie dropped their price target on Vail Resorts from $195.00 to $185.00 and set a "neutral" rating for the company in a research note on Wednesday, March 12th. Bank of America reduced their price target on shares of Vail Resorts from $185.00 to $160.00 and set a "neutral" rating on the stock in a research report on Monday, April 21st. Barclays reaffirmed an "underweight" rating and issued a $152.00 price objective (down previously from $165.00) on shares of Vail Resorts in a research note on Monday, March 10th. Morgan Stanley set a $152.00 target price on shares of Vail Resorts in a research report on Friday, April 25th. Finally, Mizuho cut their price target 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. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $187.60.

Vail Resorts Price Performance

The company has a market cap of $5.25 billion, a PE ratio of 23.35, a PEG ratio of 1.93 and a beta of 0.91. The company has a quick ratio of 0.51, a current ratio of 0.63 and a debt-to-equity ratio of 3.64. The firm's 50-day moving average is $150.26 and its 200-day moving average is $167.43.

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

Vail Resorts Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, April 10th. Shareholders of record on Thursday, March 27th were given a $2.22 dividend. This represents a $8.88 dividend on an annualized basis and a yield of 6.32%. The ex-dividend date of this dividend was Thursday, March 27th. Vail Resorts's dividend payout ratio (DPR) is presently 130.21%.

Insider Activity at Vail Resorts

In other news, CFO Angela A. Korch purchased 185 shares of the business's stock in a transaction on Thursday, March 13th. The stock was acquired at an average cost of $160.00 per share, for a total transaction of $29,600.00. Following the purchase, the chief financial officer now directly owns 2,956 shares in the company, valued at $472,960. This trade represents a 6.68 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 1.20% of the stock is owned by company insiders.

Hedge Funds Weigh In On Vail Resorts

A number of institutional investors and hedge funds have recently made changes to their positions in MTN. South Dakota Investment Council raised its holdings in Vail Resorts by 89.5% in the 1st quarter. South Dakota Investment Council now owns 21,134 shares of the company's stock worth $3,382,000 after purchasing an additional 9,979 shares during the period. Private Advisor Group LLC bought a new stake in shares of Vail Resorts during the first quarter valued at approximately $798,000. Isthmus Partners LLC purchased a new position in shares of Vail Resorts in the first quarter worth $373,000. Louisiana State Employees Retirement System boosted its position in shares of Vail Resorts by 1.0% during the first quarter. Louisiana State Employees Retirement System now owns 10,500 shares of the company's stock worth $1,680,000 after acquiring an additional 100 shares during the last quarter. Finally, New York State Common Retirement Fund increased its holdings in Vail Resorts by 10.1% in the 1st quarter. New York State Common Retirement Fund now owns 25,121 shares of the company's stock valued at $4,020,000 after acquiring an additional 2,300 shares during the last quarter. Hedge funds and other institutional investors 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.