Vail Resorts Inc. (MTN) Sets New 52-Week High at $157.95
Shares of Vail Resorts Inc. (NYSE:MTN) reached a new 52-week high on Monday . The company traded as high as $157.95 and last traded at $153.99, with a volume of 1,738,741 shares. The stock had previously closed at $143.97.
MTN has been the subject of a number of research reports. Bank of America Corp. reaffirmed a “buy” rating on shares of Vail Resorts in a research note on Friday, June 10th. MKM Partners upped their price objective on shares of Vail Resorts from $147.00 to $150.00 and gave the stock a “buy” rating in a research note on Friday, June 10th. Janney Montgomery Scott restated a “buy” rating and set a $153.00 price objective (up previously from $150.00) on shares of Vail Resorts in a report on Friday, June 10th. Sterne Agee CRT restated a “buy” rating on shares of Vail Resorts in a report on Monday, May 16th. Finally, Zacks Investment Research upgraded shares of Vail Resorts from a “hold” rating to a “buy” rating and set a $155.00 price objective on the stock in a report on Wednesday, July 6th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $142.82.
The stock’s 50-day moving average price is $140.97 and its 200 day moving average price is $131.65. The firm has a market cap of $5.56 billion and a PE ratio of 39.64.
Vail Resorts (NYSE:MTN) last posted its earnings results on Thursday, June 9th. The company reported $4.23 earnings per share for the quarter, topping the consensus estimate of $4.20 by $0.03. The business had revenue of $647.47 million for the quarter, compared to analysts’ expectations of $652.41 million. During the same quarter in the previous year, the firm earned $3.56 EPS. Vail Resorts’s revenue for the quarter was up 11.8% compared to the same quarter last year. Equities research analysts expect that Vail Resorts Inc. will post $4.12 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 13th. Investors of record on Tuesday, June 28th were paid a dividend of $0.81 per share. This represents a $3.24 annualized dividend and a yield of 2.14%. The ex-dividend date of this dividend was Friday, June 24th.
A number of large investors have bought and sold shares of the company. BNP Paribas Arbitrage SA boosted its stake in Vail Resorts by 27.5% in the fourth quarter. BNP Paribas Arbitrage SA now owns 9,307 shares of the company’s stock valued at $1,191,000 after buying an additional 2,006 shares during the last quarter. Advisors Asset Management Inc. boosted its stake in Vail Resorts by 130.6% in the fourth quarter. Advisors Asset Management Inc. now owns 15,984 shares of the company’s stock valued at $2,046,000 after buying an additional 9,054 shares during the last quarter. Employees Retirement System of Texas acquired a new stake in Vail Resorts during the fourth quarter valued at $2,944,000. New York State Common Retirement Fund boosted its stake in Vail Resorts by 5.2% in the fourth quarter. New York State Common Retirement Fund now owns 42,304 shares of the company’s stock valued at $5,414,000 after buying an additional 2,100 shares during the last quarter. Finally, BlackRock Advisors LLC boosted its stake in Vail Resorts by 84.1% in the fourth quarter. BlackRock Advisors LLC now owns 139,230 shares of the company’s stock valued at $17,820,000 after buying an additional 63,592 shares during the last quarter.
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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