Vail Resorts, Inc. (NYSE:MTN) Receives Average Recommendation of “Hold” from Analysts

Shares of Vail Resorts, Inc. (NYSE:MTN) have been given an average recommendation of “Hold” by the fourteen research firms that are presently covering the firm, Marketbeat Ratings reports. Three analysts have rated the stock with a sell recommendation, six have given a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $151.4545.

Several brokerages have recently commented on MTN. Stifel Nicolaus reduced their target price on Vail Resorts from $172.00 to $167.00 and set a “buy” rating on the stock in a report on Tuesday, June 9th. Zacks Research cut Vail Resorts from a “hold” rating to a “strong sell” rating in a report on Tuesday, April 28th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Vail Resorts in a research report on Tuesday, July 7th. Deutsche Bank Aktiengesellschaft reduced their price objective on Vail Resorts from $143.00 to $134.00 and set a “hold” rating on the stock in a research note on Tuesday, June 9th. Finally, Mizuho set a $174.00 target price on Vail Resorts in a report on Tuesday, June 9th.

Hedge Funds Weigh In On Vail Resorts

A number of large investors have recently modified their holdings of the stock. Clearstead Advisors LLC increased its stake in shares of Vail Resorts by 21.5% in the 4th quarter. Clearstead Advisors LLC now owns 424 shares of the company’s stock valued at $56,000 after purchasing an additional 75 shares during the last quarter. Comerica Bank lifted its position in shares of Vail Resorts by 0.4% during the 3rd quarter. Comerica Bank now owns 17,552 shares of the company’s stock worth $2,625,000 after buying an additional 78 shares during the last quarter. Provident Investment Management Inc. lifted its position in shares of Vail Resorts by 1.6% during the 3rd quarter. Provident Investment Management Inc. now owns 5,821 shares of the company’s stock worth $871,000 after buying an additional 90 shares during the last quarter. Golden State Wealth Management LLC boosted its stake in Vail Resorts by 83.3% in the fourth quarter. Golden State Wealth Management LLC now owns 220 shares of the company’s stock valued at $29,000 after buying an additional 100 shares in the last quarter. Finally, State of Michigan Retirement System boosted its stake in Vail Resorts by 1.2% in the first quarter. State of Michigan Retirement System now owns 8,600 shares of the company’s stock valued at $1,104,000 after buying an additional 100 shares in the last quarter. 94.90% of the stock is currently owned by institutional investors and hedge funds.

Vail Resorts Trading Down 1.3%

Shares of MTN stock opened at $145.94 on Tuesday. The company has a market capitalization of $5.20 billion, a P/E ratio of 33.17, a P/E/G ratio of 13.88 and a beta of 0.71. Vail Resorts has a 12-month low of $118.51 and a 12-month high of $166.16. The company has a quick ratio of 0.79, a current ratio of 0.91 and a debt-to-equity ratio of 3.22. The firm has a 50-day moving average price of $136.29 and a 200 day moving average price of $134.68.

Vail Resorts (NYSE:MTN) last issued its quarterly earnings data on Monday, June 8th. The company reported $8.81 earnings per share for the quarter, missing the consensus estimate of $8.97 by ($0.16). The firm had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.20 billion. Vail Resorts had a return on equity of 21.88% and a net margin of 5.38%.Vail Resorts’s quarterly revenue was down 7.0% compared to the same quarter last year. During the same period in the prior year, the company posted $10.54 earnings per share. Research analysts forecast that Vail Resorts will post 4.31 earnings per share for the current fiscal year.

Vail Resorts Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 9th. Shareholders of record on Thursday, June 25th were given a $2.22 dividend. This represents a $8.88 annualized dividend and a yield of 6.1%. The ex-dividend date was Thursday, June 25th. Vail Resorts’s dividend payout ratio (DPR) is presently 201.82%.

About Vail Resorts

Vail Resorts, Inc is a leading mountain resort company that owns and operates an integrated network of ski areas, hotels, restaurants and retail outlets. The company’s signature Epic Pass program offers skiers and snowboarders season‐long access to its portfolio of resorts, while ancillary services such as ski and snowboard schools, equipment rental and retail drive additional revenue.

Headquartered in Broomfield, Colorado, Vail Resorts was formed in 1997, building on the legacy of Vail Associates, which opened the Vail ski area in 1962.