Vail Resorts (NYSE:MTN) Trading Up 9.9% – What’s Next?

Vail Resorts, Inc. (NYSE:MTN) shares shot up 9.9% during mid-day trading on Thursday . The company traded as high as $143.98 and last traded at $142.75. Approximately 498,251 shares were traded during mid-day trading, a decline of 41% from the average session volume of 849,606 shares. The stock had previously closed at $129.93.

Wall Street Analyst Weigh In

MTN has been the topic of several recent analyst reports. Barclays lowered their target price on shares of Vail Resorts from $138.00 to $119.00 and set an “underweight” rating on the stock in a research report on Tuesday, June 9th. Truist Financial decreased their target price on Vail Resorts from $212.00 to $195.00 and set a “buy” rating on the stock in a research report on Tuesday, June 9th. Mizuho set a $174.00 price target on Vail Resorts in a research report on Tuesday, June 9th. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Vail Resorts from $143.00 to $134.00 and set a “hold” rating for the company in a research note on Tuesday, June 9th. Finally, UBS Group reiterated a “neutral” rating on shares of Vail Resorts in a report on Tuesday, June 9th. Five research analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $151.45.

Vail Resorts Trading Down 0.3%

The stock has a market capitalization of $5.15 billion, a PE ratio of 32.82, a PEG ratio of 13.41 and a beta of 0.72. The company has a current ratio of 0.91, a quick ratio of 0.79 and a debt-to-equity ratio of 3.22. The business’s 50-day moving average is $129.47 and its two-hundred day moving average is $135.18.

Vail Resorts (NYSE:MTN) last released its quarterly earnings data on Monday, June 8th. The company reported $8.81 EPS for the quarter, missing the consensus estimate of $8.97 by ($0.16). The company had revenue of $1.21 billion during the quarter, compared to analysts’ expectations of $1.20 billion. Vail Resorts had a net margin of 5.38% and a return on equity of 21.88%. The company’s revenue for the quarter was down 7.0% compared to the same quarter last year. During the same period last year, the business earned $10.54 earnings per share. On average, analysts predict that Vail Resorts, Inc. will post 4.37 earnings per share for the current year.

Vail Resorts Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 9th. Investors of record on Thursday, June 25th will be issued a dividend of $2.22 per share. This represents a $8.88 annualized dividend and a dividend yield of 6.1%. The ex-dividend date is Thursday, June 25th. Vail Resorts’s dividend payout ratio (DPR) is presently 201.82%.

Hedge Funds Weigh In On Vail Resorts

Institutional investors and hedge funds have recently bought and sold shares of the stock. Bamco Inc. NY raised its stake in shares of Vail Resorts by 4.1% during the third quarter. Bamco Inc. NY now owns 5,702,692 shares of the company’s stock valued at $852,952,000 after purchasing an additional 227,143 shares during the period. Capital International Investors boosted its stake in shares of Vail Resorts by 1.5% in the third quarter. Capital International Investors now owns 5,002,662 shares of the company’s stock valued at $748,248,000 after purchasing an additional 74,528 shares during the period. Capital World Investors grew its holdings in Vail Resorts by 6.1% during the 4th quarter. Capital World Investors now owns 3,196,445 shares of the company’s stock valued at $424,488,000 after purchasing an additional 182,982 shares in the last quarter. Oasis Management Co Ltd. increased its stake in Vail Resorts by 8.3% during the 4th quarter. Oasis Management Co Ltd. now owns 1,851,234 shares of the company’s stock worth $245,844,000 after buying an additional 141,500 shares during the period. Finally, The Manufacturers Life Insurance Company increased its stake in Vail Resorts by 26.0% during the 1st quarter. The Manufacturers Life Insurance Company now owns 976,732 shares of the company’s stock worth $125,334,000 after buying an additional 201,750 shares during the period. Hedge funds and other institutional investors own 94.90% of the company’s stock.

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.