Analysts Set Vail Resorts, Inc. (NYSE:MTN) Price Target at $260.11

Vail Resorts, Inc. (NYSE:MTN) has received a consensus recommendation of “Hold” from the seven analysts that are presently covering the firm, MarketBeat reports. Four research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12-month target price among analysts that have covered the stock in the last year is $260.11.

MTN has been the topic of several analyst reports. Stifel Nicolaus reaffirmed a “buy” rating and issued a $263.00 target price on shares of Vail Resorts in a report on Friday, March 22nd. JPMorgan Chase & Co. reduced their target price on shares of Vail Resorts from $252.00 to $243.00 and set a “neutral” rating on the stock in a report on Monday, April 22nd. Truist Financial reaffirmed a “buy” rating and issued a $290.00 target price on shares of Vail Resorts in a report on Friday, January 19th. Morgan Stanley reduced their target price on shares of Vail Resorts from $242.00 to $229.00 and set an “equal weight” rating on the stock in a report on Monday, April 22nd. Finally, Bank of America cut shares of Vail Resorts from a “buy” rating to a “neutral” rating and reduced their target price for the company from $285.00 to $250.00 in a report on Friday, March 8th.

Insider Transactions at Vail Resorts

In other news, Director Peter A. Vaughn sold 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $222.77, for a total transaction of $222,770.00. Following the transaction, the director now directly owns 7,592 shares in the company, valued at $1,691,269.84. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 1.20% of the company’s stock.

Hedge Funds Weigh In On Vail Resorts

A number of hedge funds have recently modified their holdings of MTN. Norges Bank purchased a new position in shares of Vail Resorts during the fourth quarter worth approximately $85,704,000. Nordea Investment Management AB lifted its holdings in shares of Vail Resorts by 2,451.9% during the fourth quarter. Nordea Investment Management AB now owns 417,293 shares of the company’s stock worth $89,931,000 after purchasing an additional 400,941 shares during the period. APG Asset Management US Inc. acquired a new stake in shares of Vail Resorts during the fourth quarter worth $37,684,000. Ceredex Value Advisors LLC acquired a new stake in shares of Vail Resorts during the fourth quarter worth $35,645,000. Finally, London Co. of Virginia acquired a new stake in shares of Vail Resorts during the third quarter worth $32,280,000. 94.94% of the stock is currently owned by hedge funds and other institutional investors.

Vail Resorts Stock Down 0.9 %

Shares of MTN opened at $195.81 on Friday. The stock has a market capitalization of $7.43 billion, a PE ratio of 32.69, a P/E/G ratio of 2.16 and a beta of 1.14. Vail Resorts has a 1 year low of $188.43 and a 1 year high of $258.13. The company has a debt-to-equity ratio of 2.37, a quick ratio of 0.85 and a current ratio of 0.96. The company’s 50-day simple moving average is $216.78 and its 200-day simple moving average is $219.54.

Vail Resorts (NYSE:MTN) last issued its quarterly earnings results on Monday, March 11th. The company reported $5.76 earnings per share (EPS) for the quarter, missing the consensus estimate of $6.07 by ($0.31). The business had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.15 billion. Vail Resorts had a return on equity of 19.16% and a net margin of 8.44%. The firm’s revenue for the quarter was down 2.2% compared to the same quarter last year. During the same period in the prior year, the company posted $5.16 EPS. Analysts forecast that Vail Resorts will post 7.6 earnings per share for the current fiscal year.

Vail Resorts Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, April 11th. Shareholders of record on Thursday, March 28th were paid a $2.22 dividend. This is a positive change from Vail Resorts’s previous quarterly dividend of $2.06. This represents a $8.88 annualized dividend and a yield of 4.54%. The ex-dividend date of this dividend was Wednesday, March 27th. Vail Resorts’s dividend payout ratio is currently 148.25%.

Vail Resorts Company Profile

Vail Resorts, Inc, through its subsidiaries, operates mountain resorts and regional ski areas in the United States. It operates through three segments: Mountain, Lodging, and Real Estate. The Mountain segment operates 41 destination mountain resorts and regional ski areas. This segment is also involved in the ancillary activities, including ski school, dining, and retail/rental operations, as well as real estate brokerage activities.