Vail Resorts Inc. (MTN) Trading Up 2.7%
Vail Resorts Inc. (NYSE:MTN) shares were up 2.7% during trading on Wednesday . The stock traded as high as $156.49 and last traded at $156.26, with a volume of 332,908 shares. The stock had previously closed at $152.11.
Several research analysts recently commented on MTN shares. Sterne Agee CRT reaffirmed a “buy” rating on shares of Vail Resorts in a research note on Sunday, April 17th. Bank of America Corp. reaffirmed a “buy” rating on shares of Vail Resorts in a research note on Friday, June 10th. Zacks Investment Research downgraded shares of Vail Resorts from a “buy” rating to a “hold” rating in a research note on Tuesday, June 28th. MKM Partners raised their price target 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. Finally, Janney Montgomery Scott reaffirmed a “buy” rating and issued a $150.00 price target (up previously from $147.00) on shares of Vail Resorts in a research note on Saturday, April 16th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $142.82.
The stock has a market cap of $5.70 billion and a price-to-earnings ratio of 40.66. 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 earnings results on Thursday, June 9th. The company reported $4.23 EPS for the quarter, beating the Zacks’ consensus estimate of $4.20 by $0.03. The company earned $647.47 million during the quarter, compared to analyst estimates of $652.41 million. The company’s quarterly revenue was up 11.8% compared to the same quarter last year. During the same period in the previous year, the company earned $3.56 EPS. On average, equities analysts predict that Vail Resorts Inc. will post $4.13 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, July 13th. Shareholders of record on Tuesday, June 28th were given a $0.81 dividend. The ex-dividend date of this dividend was Friday, June 24th. This represents a $3.24 dividend on an annualized basis and a yield of 2.06%.
A number of hedge funds and institutional investors recently bought and sold shares of MTN. BNP Paribas Arbitrage SA boosted its position 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 last quarter. Advisors Asset Management Inc. boosted its position 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 last quarter. Employees Retirement System of Texas bought a new position in Vail Resorts during the fourth quarter worth approximately $2,944,000. New York State Common Retirement Fund boosted its position 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 last quarter. Finally, BlackRock Advisors LLC boosted its position 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 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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