Vail Resorts Inc. (MTN) Hits New 12-Month High at $143.54
Shares of Vail Resorts Inc. (NYSE:MTN) reached a new 52-week high on Monday . The stock traded as high as $143.54 and last traded at $143.13, with a volume of 177,464 shares traded. The stock had previously closed at $140.23.
Several research firms have recently weighed in on MTN. Janney Montgomery Scott reiterated a “buy” rating and set a $153.00 target price (up from $150.00) on shares of Vail Resorts in a research report on Friday, June 10th. 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 report on Tuesday, March 15th. Sterne Agee CRT restated a “buy” rating on shares of Vail Resorts in a report on Monday, May 16th. MKM Partners restated a “buy” rating and issued a $147.00 price objective on shares of Vail Resorts in a report on Wednesday, June 1st. Finally, Stephens lifted their price objective on Vail Resorts from $135.00 to $149.00 and gave the company an “overweight” rating in a report on Thursday, March 17th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and ten have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $142.82.
The firm has a 50 day moving average price of $135.39 and a 200 day moving average price of $129.05. The firm has a market cap of $5.17 billion and a price-to-earnings ratio of 36.90.
Vail Resorts (NYSE:MTN) last released its quarterly earnings results on Thursday, June 9th. The company reported $4.23 earnings per share for the quarter, topping analysts’ consensus estimates of $4.20 by $0.03. During the same quarter in the prior year, the company posted $3.56 earnings per share. The business had revenue of $647.47 million for the quarter, compared to analysts’ expectations of $652.41 million. The business’s revenue for the quarter was up 11.8% compared to the same quarter last year. Equities research 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. Stockholders of record on Tuesday, June 28th will be issued a dividend of $0.81 per share. This represents a $3.24 dividend on an annualized basis and a dividend yield of 2.31%. The ex-dividend date of this dividend is Friday, June 24th.
Other institutional investors have added to or reduced their stakes in the company. 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 in the last quarter. J. Goldman & Co LP acquired a new position in Vail Resorts during the fourth quarter worth $1,433,000. Quantitative Investment Management LLC boosted its position in Vail Resorts by 88.5% in the fourth quarter. Quantitative Investment Management LLC now owns 11,500 shares of the company’s stock worth $1,471,000 after buying an additional 5,400 shares in the last quarter. PNC Financial Services Group Inc. boosted its position in Vail Resorts by 164.4% in the fourth quarter. PNC Financial Services Group Inc. now owns 12,086 shares of the company’s stock worth $1,548,000 after buying an additional 7,515 shares in the last quarter. Finally, 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 in 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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