Vail Resorts (NYSE:MTN) Shares Gap Up - Time to Buy?

Vail Resorts, Inc. (NYSE:MTN - Get Free Report) gapped up before the market opened on Wednesday . The stock had previously closed at $155.18, but opened at $159.74. Vail Resorts shares last traded at $157.12, with a volume of 205,643 shares trading hands.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on MTN. UBS Group decreased their price objective on Vail Resorts from $185.00 to $169.00 and set a "neutral" rating on the stock in a report on Wednesday, June 11th. Truist Financial lowered their price objective on shares of Vail Resorts from $247.00 to $244.00 and set a "buy" rating on the stock in a research report on Friday, June 6th. JPMorgan Chase & Co. raised shares of 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. Mizuho raised their price objective on shares of Vail Resorts from $215.00 to $216.00 and gave the company an "outperform" rating in a research note on Friday, June 6th. Finally, Bank of America lifted their price target on shares of Vail Resorts from $160.00 to $175.00 and gave the stock a "neutral" rating in a report on Wednesday, May 28th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $187.20.

Vail Resorts Stock Up 0.8%

The firm has a market capitalization of $5.81 billion, a PE ratio of 20.00, a P/E/G ratio of 1.92 and a beta of 0.91. The firm's 50 day moving average price is $147.87 and its two-hundred day moving average price is $161.83. The company has a quick ratio of 0.54, a current ratio of 0.61 and a debt-to-equity ratio of 1.70.

Vail Resorts (NYSE:MTN - Get Free Report) last posted its earnings results on Thursday, June 5th. The company reported $10.54 EPS for the quarter, topping the consensus estimate of $10.00 by $0.54. Vail Resorts had a net margin of 9.81% and a return on equity of 30.25%. The firm had revenue of $1.30 billion during the quarter, compared to analysts' expectations of $1.31 billion. During the same quarter in the prior year, the firm earned $9.54 EPS. Vail Resorts's quarterly revenue was up 1.0% on a year-over-year basis. As a group, research analysts forecast that Vail Resorts, Inc. will post 7.62 EPS for the current fiscal year.

Vail Resorts Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 9th. Investors of record on Tuesday, June 24th will be paid a $2.22 dividend. The ex-dividend date of this dividend is Tuesday, June 24th. This represents a $8.88 dividend on an annualized basis and a yield of 5.68%. Vail Resorts's payout ratio is presently 113.55%.

Institutional Investors Weigh In On Vail Resorts

A number of institutional investors have recently bought and sold shares of MTN. SouthState Corp bought a new position in shares of Vail Resorts in the first quarter valued at about $29,000. Heck Capital Advisors LLC bought a new stake in shares of Vail Resorts in the 4th quarter valued at $33,000. Golden State Wealth Management LLC grew its position 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 valued at $39,000 after purchasing an additional 123 shares during the period. Alpine Bank Wealth Management acquired a new stake in shares of Vail Resorts during the first quarter worth $40,000. Finally, GAMMA Investing LLC lifted its holdings in shares of Vail Resorts by 75.3% in the first quarter. GAMMA Investing LLC now owns 270 shares of the company's stock valued at $43,000 after purchasing an additional 116 shares in the last quarter. Institutional investors and hedge funds own 94.94% of the company's stock.

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.