Vail Resorts Inc. (MTN) Hits New 12-Month High at $157.95
Vail Resorts Inc. (NYSE:MTN) reached a new 52-week high during trading on Monday . The stock traded as high as $157.95 and last traded at $153.99, with a volume of 1,738,741 shares traded. The stock had previously closed at $143.97.
Several equities research analysts have recently commented on MTN shares. Janney Montgomery Scott reissued a “buy” rating and set a $150.00 target price (up from $147.00) on shares of Vail Resorts in a research report on Saturday, April 16th. Sterne Agee CRT reissued a “buy” rating on shares of Vail Resorts in a research report on Sunday, April 17th. MKM Partners reissued a “buy” rating and set a $147.00 target price on shares of Vail Resorts in a research report on Wednesday, June 1st. Bank of America Corp. reissued a “buy” rating on shares of Vail Resorts in a research report on Friday, June 10th. Finally, Zacks Investment Research downgraded shares of Vail Resorts from a “buy” rating to a “hold” rating in a research report on Tuesday, June 28th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and nine have assigned a buy rating to the company’s stock. Vail Resorts has a consensus rating of “Buy” and an average price target of $142.82.
The company has a market cap of $5.50 billion and a PE ratio of 39.24. The firm’s 50-day moving average price is $141.94 and its 200-day moving average price is $132.23.
Vail Resorts (NYSE:MTN) last posted its quarterly earnings results on Thursday, June 9th. The company reported $4.23 EPS for the quarter, topping the Zacks’ consensus estimate of $4.20 by $0.03. The company earned $647.47 million during the quarter, compared to the consensus estimate of $652.41 million. During the same quarter in the previous year, the company posted $3.56 earnings per share. The company’s revenue for the quarter was up 11.8% on a year-over-year basis. On average, equities analysts anticipate that Vail Resorts Inc. will post $4.12 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, July 13th. Stockholders of record on Tuesday, June 28th were issued a $0.81 dividend. This represents a $3.24 dividend on an annualized basis and a dividend yield of 2.13%. The ex-dividend date was Friday, June 24th.
A number of hedge funds have added to or reduced their stakes in MTN. BNP Paribas Arbitrage SA raised 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 worth $1,191,000 after buying an additional 2,006 shares during the period. Advisors Asset Management Inc. raised 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 worth $2,046,000 after buying an additional 9,054 shares during the period. Employees Retirement System of Texas acquired a new stake in Vail Resorts during the fourth quarter worth $2,944,000. New York State Common Retirement Fund raised 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 worth $5,414,000 after buying an additional 2,100 shares during the period. Finally, BlackRock Advisors LLC raised 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 worth $17,820,000 after buying an additional 63,592 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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