Vail Resorts, Inc. (NYSE:MTN – Get Free Report)’s share price hit a new 52-week low on Monday after Morgan Stanley lowered their price target on the stock from $242.00 to $229.00. Morgan Stanley currently has an equal weight rating on the stock. Vail Resorts traded as low as $200.51 and last traded at $200.84, with a volume of 124885 shares. The stock had previously closed at $202.94.
Other analysts have also recently issued research reports about the stock. JPMorgan Chase & Co. decreased their price target on shares of Vail Resorts from $252.00 to $243.00 and set a “neutral” rating on the stock in a research note on Monday. Truist Financial restated a “buy” rating and set a $290.00 target price on shares of Vail Resorts in a research report on Friday, January 19th. Mizuho initiated coverage on shares of Vail Resorts in a research report on Tuesday, March 26th. They set a “buy” rating and a $256.00 target price on the stock. Bank of America cut shares of Vail Resorts from a “buy” rating to a “neutral” rating and decreased their target price for the company from $285.00 to $250.00 in a research report on Friday, March 8th. Finally, Stifel Nicolaus restated a “buy” rating and set a $263.00 target price on shares of Vail Resorts in a research report on Friday, March 22nd. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $260.11.
Insider Buying and Selling
In related news, Director Peter A. Vaughn sold 1,000 shares of the stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $222.77, for a total value of $222,770.00. Following the sale, the director now directly owns 7,592 shares of the company’s stock, valued at approximately $1,691,269.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.20% of the stock is currently owned by corporate insiders.
Hedge Funds Weigh In On Vail Resorts
A number of hedge funds have recently added to or reduced their stakes in the stock. International Assets Investment Management LLC boosted its stake in shares of Vail Resorts by 14,502.1% during the fourth quarter. International Assets Investment Management LLC now owns 48,041 shares of the company’s stock valued at $10,255,000 after purchasing an additional 47,712 shares in the last quarter. Oak Thistle LLC bought a new position in shares of Vail Resorts during the fourth quarter valued at approximately $1,533,000. Nordea Investment Management AB boosted its stake 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 valued at $89,931,000 after purchasing an additional 400,941 shares in the last quarter. Galibier Capital Management Ltd. bought a new position in shares of Vail Resorts during the fourth quarter valued at approximately $3,932,000. Finally, Raymond James & Associates boosted its stake in shares of Vail Resorts by 4.6% during the fourth quarter. Raymond James & Associates now owns 74,599 shares of the company’s stock valued at $15,925,000 after purchasing an additional 3,278 shares in the last quarter. 94.94% of the stock is currently owned by institutional investors.
Vail Resorts Trading Down 0.1 %
The company has a quick ratio of 0.85, a current ratio of 0.96 and a debt-to-equity ratio of 2.37. The stock’s 50 day moving average price is $224.44 and its 200-day moving average price is $221.25. The stock has a market capitalization of $7.70 billion, a P/E ratio of 33.84, a P/E/G ratio of 2.17 and a beta of 1.11.
Vail Resorts (NYSE:MTN – Get Free Report) last released its quarterly earnings data on Monday, March 11th. The company reported $5.76 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $6.07 by ($0.31). The business had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.15 billion. Vail Resorts had a net margin of 8.44% and a return on equity of 19.16%. Vail Resorts’s revenue for the quarter was down 2.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $5.16 earnings per share. As a group, equities research analysts expect that Vail Resorts, Inc. will post 7.69 earnings per share for the current year.
Vail Resorts Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, April 11th. Shareholders of record on Thursday, March 28th were paid a $2.22 dividend. This represents a $8.88 annualized dividend and a yield of 4.38%. This is an increase from Vail Resorts’s previous quarterly dividend of $2.06. The ex-dividend date of this dividend was Wednesday, March 27th. Vail Resorts’s dividend payout ratio (DPR) is 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.
