Vail Resorts, Inc. (NYSE:MTN) Receives $176.30 Average PT from Brokerages

Vail Resorts, Inc. (NYSE:MTN) has been assigned a consensus recommendation of “Hold” from the twelve brokerages that are presently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $176.00.

Several equities analysts have recently commented on the stock. Deutsche Bank Aktiengesellschaft set a $169.00 price target on shares of Vail Resorts in a research report on Thursday, December 11th. Morgan Stanley decreased their target price on Vail Resorts from $153.00 to $151.00 and set an “equal weight” rating for the company in a research report on Tuesday, December 23rd. Mizuho lowered their price target on Vail Resorts from $216.00 to $195.00 and set an “outperform” rating for the company in a report on Tuesday, September 30th. Barclays reduced their price objective on Vail Resorts from $152.00 to $145.00 and set an “underweight” rating on the stock in a research note on Tuesday, September 30th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Vail Resorts from $168.00 to $172.00 and gave the stock a “neutral” rating in a report on Thursday, December 11th.

Vail Resorts Stock Performance

Vail Resorts stock opened at $133.16 on Friday. Vail Resorts has a 52 week low of $129.85 and a 52 week high of $191.42. The company has a current ratio of 0.54, a quick ratio of 0.46 and a debt-to-equity ratio of 5.52. The stock has a market cap of $4.76 billion, a P/E ratio of 19.52, a price-to-earnings-growth ratio of 10.61 and a beta of 0.81. The stock has a 50 day moving average of $145.63 and a 200-day moving average of $151.79.

Vail Resorts (NYSE:MTN) last posted its quarterly earnings results on Wednesday, December 10th. The company reported ($5.20) earnings per share (EPS) for the quarter, beating the consensus estimate of ($5.23) by $0.03. The firm had revenue of $271.03 million for the quarter, compared to analysts’ expectations of $273.35 million. Vail Resorts had a net margin of 8.94% and a return on equity of 32.51%. The firm’s quarterly revenue was up 4.1% on a year-over-year basis. During the same period in the prior year, the company posted ($4.61) earnings per share. On average, analysts expect that Vail Resorts will post 7.62 EPS for the current fiscal year.

Vail Resorts Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, January 12th. Stockholders of record on Tuesday, December 30th will be issued a $2.22 dividend. The ex-dividend date of this dividend is Tuesday, December 30th. This represents a $8.88 annualized dividend and a dividend yield of 6.7%. Vail Resorts’s payout ratio is 130.21%.

Insider Buying and Selling at Vail Resorts

In other Vail Resorts news, CFO Angela A. Korch acquired 210 shares of the stock in a transaction that occurred on Tuesday, October 7th. The stock was acquired at an average price of $155.00 per share, with a total value of $32,550.00. Following the transaction, the chief financial officer directly owned 4,905 shares in the company, valued at approximately $760,275. This represents a 4.47% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 1.20% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Vail Resorts

Institutional investors have recently made changes to their positions in the stock. 111 Capital raised its holdings in Vail Resorts by 116.3% during the second quarter. 111 Capital now owns 6,172 shares of the company’s stock worth $970,000 after purchasing an additional 3,319 shares in the last quarter. World Investment Advisors acquired a new position in shares of Vail Resorts during the 3rd quarter valued at $1,118,000. Confluence Investment Management LLC bought a new stake in shares of Vail Resorts in the 3rd quarter worth $8,160,000. Rice Hall James & Associates LLC raised its stake in shares of Vail Resorts by 11.4% in the 3rd quarter. Rice Hall James & Associates LLC now owns 115,724 shares of the company’s stock worth $17,309,000 after buying an additional 11,809 shares in the last quarter. Finally, Landscape Capital Management L.L.C. acquired a new stake in shares of Vail Resorts in the first quarter valued at $376,000. 94.90% of the stock is owned by institutional investors.

Vail Resorts Company Profile

Vail Resorts, Inc is a leading mountain resort company that owns and operates an integrated network of ski areas, hotels, restaurants and retail outlets. The company’s signature Epic Pass program offers skiers and snowboarders season‐long access to its portfolio of resorts, while ancillary services such as ski and snowboard schools, equipment rental and retail drive additional revenue.

Headquartered in Broomfield, Colorado, Vail Resorts was formed in 1997, building on the legacy of Vail Associates, which opened the Vail ski area in 1962.