Vail Resorts, Inc. (NYSE:MTN) Given Consensus Recommendation of “Hold” by Brokerages

Vail Resorts, Inc. (NYSE:MTN) has been assigned an average recommendation of “Hold” from the twelve ratings firms that are covering the company, Marketbeat reports. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company. The average 12-month price target among brokers that have covered the stock in the last year is $175.60.

Several equities research analysts have recently weighed in on MTN shares. Truist Financial decreased their target price on Vail Resorts from $244.00 to $237.00 and set a “buy” rating for the company in a research report on Tuesday, September 30th. Stifel Nicolaus reissued a “buy” rating and set a $175.00 price target (down from $180.00) on shares of Vail Resorts in a research report on Tuesday, September 30th. Deutsche Bank Aktiengesellschaft decreased their price target on Vail Resorts from $170.00 to $165.00 and set a “hold” rating for the company in a report on Wednesday, September 17th. Bank of America lowered their price objective on shares of Vail Resorts from $175.00 to $165.00 and set a “neutral” rating for the company in a research report on Tuesday, September 30th. Finally, Weiss Ratings cut shares of Vail Resorts from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, October 8th.

Vail Resorts Price Performance

MTN opened at $144.36 on Monday. Vail Resorts has a 52-week low of $129.85 and a 52-week high of $199.45. The company has a 50 day moving average of $147.11 and a two-hundred day moving average of $152.53. The company has a market cap of $5.18 billion, a P/E ratio of 19.48, a P/E/G ratio of 2.39 and a beta of 0.81. The company has a quick ratio of 0.56, a current ratio of 0.63 and a debt-to-equity ratio of 3.44.

Vail Resorts (NYSE:MTN) last posted its 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 net margin of 9.45% and a return on equity of 31.54%. The business had revenue of $271.29 million for the quarter, compared to analyst estimates of $272.87 million. During the same quarter in the previous year, the firm posted ($4.67) EPS. The business’s revenue was up 2.2% compared to the same quarter last year. On average, analysts expect that Vail Resorts will post 7.62 earnings per share for the current year.

Vail Resorts Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, October 27th. Stockholders of record on Thursday, October 9th were paid a dividend of $2.22 per share. The ex-dividend date was Thursday, October 9th. This represents a $8.88 annualized dividend and a dividend yield of 6.2%. Vail Resorts’s dividend payout ratio (DPR) is currently 119.84%.

Insider Activity at Vail Resorts

In other Vail Resorts news, CFO Angela A. Korch purchased 210 shares of Vail Resorts stock in a transaction that occurred on Tuesday, October 7th. The stock was purchased at an average price of $155.00 per share, with a total value of $32,550.00. Following the completion of the acquisition, the chief financial officer owned 4,905 shares of the company’s stock, valued at approximately $760,275. This trade represents a 4.47% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 1.20% of the company’s stock.

Hedge Funds Weigh In On Vail Resorts

A number of institutional investors have recently made changes to their positions in MTN. BOKF NA increased its stake in shares of Vail Resorts by 833.3% in the third quarter. BOKF NA now owns 168 shares of the company’s stock worth $25,000 after buying an additional 150 shares during the last quarter. NBT Bank N A NY boosted its stake in Vail Resorts by 450.0% during the 3rd quarter. NBT Bank N A NY now owns 176 shares of the company’s stock valued at $26,000 after acquiring an additional 144 shares during the last quarter. EverSource Wealth Advisors LLC grew its holdings in Vail Resorts by 815.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 174 shares of the company’s stock worth $27,000 after acquiring an additional 155 shares in the last quarter. SouthState Corp acquired a new position in Vail Resorts during the 1st quarter worth $29,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. increased its position in shares of Vail Resorts by 196.8% in the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 187 shares of the company’s stock worth $29,000 after purchasing an additional 124 shares during the last quarter. 94.90% of the stock is owned by institutional investors and hedge funds.

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.