Vail Resorts (NYSE:MTN) Lowered to Sell Rating by StockNews.com

Vail Resorts (NYSE:MTN) was downgraded by research analysts at StockNews.com from a “hold” rating to a “sell” rating in a research report issued on Tuesday.

Several other equities research analysts also recently weighed in on MTN. Deutsche Bank Aktiengesellschaft lowered their price target on Vail Resorts from $218.00 to $194.00 and set a “hold” rating for the company in a report on Monday, September 16th. Stifel Nicolaus decreased their target price on Vail Resorts from $223.00 to $216.00 and set a “buy” rating for the company in a report on Friday, September 27th. Macquarie reaffirmed a “neutral” rating and set a $180.00 target price on shares of Vail Resorts in a report on Wednesday, October 2nd. Morgan Stanley lifted their target price on Vail Resorts from $179.00 to $182.00 and gave the stock an “equal weight” rating in a report on Wednesday, September 25th. Finally, Barclays decreased their target price on Vail Resorts from $161.00 to $155.00 and set an “underweight” rating for the company in a report on Friday, September 27th. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $208.22.

Vail Resorts Price Performance

MTN opened at $179.82 on Tuesday. The business’s 50-day moving average is $175.82 and its two-hundred day moving average is $180.71. Vail Resorts has a 1 year low of $165.00 and a 1 year high of $236.92. The company has a debt-to-equity ratio of 2.62, a current ratio of 0.82 and a quick ratio of 0.71. The firm has a market capitalization of $6.74 billion, a PE ratio of 29.82, a price-to-earnings-growth ratio of 1.75 and a beta of 1.13.

Vail Resorts (NYSE:MTN) last posted its earnings results on Thursday, September 26th. The company reported ($4.67) earnings per share (EPS) for the quarter, missing the consensus estimate of ($4.28) by ($0.39). The company had revenue of $265.39 million during the quarter, compared to analysts’ expectations of $264.84 million. Vail Resorts had a net margin of 7.99% and a return on equity of 20.76%. Vail Resorts’s revenue for the quarter was down 1.6% on a year-over-year basis. During the same quarter last year, the firm earned ($3.35) EPS. Research analysts anticipate that Vail Resorts will post 7.27 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Robert A. Katz sold 9,296 shares of the business’s stock in a transaction that occurred on Wednesday, October 2nd. The stock was sold at an average price of $175.98, for a total value of $1,635,910.08. Following the completion of the sale, the insider now directly owns 245,961 shares in the company, valued at $43,284,216.78. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, insider Robert A. Katz sold 9,296 shares of the company’s stock in a transaction dated Wednesday, October 2nd. The shares were sold at an average price of $175.98, for a total transaction of $1,635,910.08. Following the completion of the transaction, the insider now owns 245,961 shares in the company, valued at $43,284,216.78. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Angela A. Korch acquired 165 shares of the stock in a transaction that occurred on Thursday, October 3rd. The stock was purchased at an average price of $173.09 per share, for a total transaction of $28,559.85. Following the completion of the acquisition, the chief financial officer now owns 2,187 shares in the company, valued at $378,547.83. The trade was a 0.00 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 1.20% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. grew its holdings in shares of Vail Resorts by 3.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,154,759 shares of the company’s stock worth $201,263,000 after buying an additional 40,643 shares in the last quarter. TPG GP A LLC grew its stake in Vail Resorts by 17.4% during the 2nd quarter. TPG GP A LLC now owns 899,446 shares of the company’s stock valued at $162,017,000 after acquiring an additional 133,607 shares in the last quarter. The Manufacturers Life Insurance Company raised its holdings in Vail Resorts by 8.1% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 686,984 shares of the company’s stock valued at $119,734,000 after acquiring an additional 51,438 shares during the last quarter. The Manufacturers Life Insurance Company lifted its stake in Vail Resorts by 673.1% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 635,546 shares of the company’s stock worth $114,481,000 after purchasing an additional 553,337 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of Vail Resorts by 36.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 356,386 shares of the company’s stock worth $64,195,000 after purchasing an additional 94,923 shares during the last quarter. 94.94% of the stock is owned by institutional investors and hedge funds.

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.