Vail Resorts (NYSE:MTN) Hits New 12-Month Low – Here’s Why

Vail Resorts, Inc. (NYSE:MTN) reached a new 52-week low on Tuesday . The stock traded as low as $129.07 and last traded at $130.6050, with a volume of 31978 shares trading hands. The stock had previously closed at $130.50.

Analysts Set New Price Targets

A number of brokerages recently weighed in on MTN. JPMorgan Chase & Co. raised their price objective on Vail Resorts from $168.00 to $172.00 and gave the company a “neutral” rating in a research note on Thursday, December 11th. Jefferies Financial Group raised shares of Vail Resorts from a “hold” rating to a “buy” rating and lifted their price target for the company from $159.00 to $165.00 in a research report on Tuesday, January 13th. Morgan Stanley set a $150.00 target price on shares of Vail Resorts in a research note on Friday, January 16th. UBS Group reiterated a “neutral” rating and issued a $169.00 target price on shares of Vail Resorts in a report on Friday, January 16th. Finally, Zacks Research upgraded shares of Vail Resorts from a “strong sell” rating to a “hold” rating in a research note on Thursday, December 11th. Four investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $173.27.

Vail Resorts Price Performance

The company’s 50 day moving average price is $140.88 and its 200 day moving average price is $147.55. The company has a debt-to-equity ratio of 5.52, a quick ratio of 0.46 and a current ratio of 0.54. The company has a market cap of $4.86 billion, a price-to-earnings ratio of 19.93, a P/E/G ratio of 7.79 and a beta of 0.81.

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

Vail Resorts Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, January 12th. Shareholders of record on Tuesday, December 30th were given a $2.22 dividend. The ex-dividend date was Tuesday, December 30th. This represents a $8.88 annualized dividend and a yield of 6.5%. Vail Resorts’s payout ratio is presently 130.21%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in MTN. BOKF NA increased its position in Vail Resorts by 833.3% in the 3rd quarter. BOKF NA now owns 168 shares of the company’s stock valued at $25,000 after acquiring an additional 150 shares in the last quarter. EverSource Wealth Advisors LLC grew its stake in shares of Vail Resorts by 815.8% during the second quarter. EverSource Wealth Advisors LLC now owns 174 shares of the company’s stock valued at $27,000 after purchasing an additional 155 shares during the last quarter. NBT Bank N A NY increased its holdings in shares of Vail Resorts by 450.0% in the third quarter. NBT Bank N A NY now owns 176 shares of the company’s stock valued at $26,000 after purchasing an additional 144 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its position in Vail Resorts by 196.8% in the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 187 shares of the company’s stock worth $29,000 after purchasing an additional 124 shares during the last quarter. Finally, Farther Finance Advisors LLC raised its position in Vail Resorts by 676.0% in the 2nd quarter. Farther Finance Advisors LLC now owns 194 shares of the company’s stock worth $30,000 after purchasing an additional 169 shares during the last quarter. 94.90% of the stock is owned by institutional investors.

About Vail Resorts

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.