Vail Resorts Inc. (MTN) Hits New 52-Week High at $143.54
Vail Resorts Inc. (NYSE:MTN)’s share price hit a new 52-week high during trading on Monday . The company traded as high as $143.54 and last traded at $143.13, with a volume of 177,464 shares trading hands. The stock had previously closed at $140.23.
A number of equities analysts have commented on MTN shares. Zacks Investment Research upgraded Vail Resorts from a “hold” rating to a “buy” rating and set a $148.00 target price for the company in a research note on Tuesday, March 15th. Janney Montgomery Scott reaffirmed a “buy” rating and set a $153.00 price target (up previously from $150.00) on shares of Vail Resorts in a report on Friday, June 10th. MKM Partners lifted their price target on Vail Resorts from $135.00 to $147.00 and gave the company a “buy” rating in a report on Wednesday, March 16th. Sterne Agee CRT began coverage on Vail Resorts in a report on Thursday, April 7th. They set a “buy” rating and a $150.00 price target on the stock. Finally, Stephens lifted their price target on Vail Resorts from $135.00 to $149.00 and gave the company an “overweight” rating in a report on Thursday, March 17th. One research analyst has rated the stock with a sell rating, one has given a hold rating and ten have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $142.82.
The stock’s 50-day moving average is $136.40 and its 200-day moving average is $129.30. The company has a market cap of $5.24 billion and a P/E ratio of 37.36.
Vail Resorts (NYSE:MTN) last posted its quarterly earnings results on Thursday, June 9th. The company reported $4.23 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $4.20 by $0.03. During the same period last year, the company earned $3.56 EPS. The business earned $647.47 million during the quarter, compared to analyst estimates of $652.41 million. The business’s revenue for the quarter was up 11.8% on a year-over-year basis. Equities analysts forecast that Vail Resorts Inc. will post $4.12 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 13th. Investors of record on Tuesday, June 28th will be given a $0.81 dividend. This represents a $3.24 annualized dividend and a yield of 2.27%. The ex-dividend date is Friday, June 24th.
Other hedge funds and institutional investors have bought and sold shares of the company. Vanguard Group Inc. raised its position in Vail Resorts by 2.9% in the fourth quarter. Vanguard Group Inc. now owns 2,492,694 shares of the company’s stock valued at $319,039,000 after buying an additional 71,357 shares during the period. Wells Fargo & Company MN raised its position in Vail Resorts by 11.3% in the fourth quarter. Wells Fargo & Company MN now owns 1,410,206 shares of the company’s stock valued at $180,493,000 after buying an additional 142,753 shares during the period. Columbia Wanger Asset Management LLC raised its position in Vail Resorts by 6.5% in the fourth quarter. Columbia Wanger Asset Management LLC now owns 1,204,234 shares of the company’s stock valued at $154,130,000 after buying an additional 73,657 shares during the period. Diamond Hill Capital Management Inc. raised its position in Vail Resorts by 14.7% in the fourth quarter. Diamond Hill Capital Management Inc. now owns 303,349 shares of the company’s stock valued at $38,826,000 after buying an additional 38,764 shares during the period. Finally, Principal Financial Group Inc. raised its position in Vail Resorts by 14.9% in the fourth quarter. Principal Financial Group Inc. now owns 279,481 shares of the company’s stock valued at $35,771,000 after buying an additional 36,276 shares during the period.
Vail Resorts, Inc is a holding company. The Company operates through three segments: Mountain, Lodging and Real Estate. The Company’s Mountain segment operates around 10 mountain resort properties and two urban ski areas, as well as ancillary services, primarily including, ski school, dining and retail/rental operations.
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