Rhumbline Advisers raised its holdings in Vail Resorts, Inc. (NYSE:MTN – Free Report) by 4.3% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 57,167 shares of the company’s stock after buying an additional 2,342 shares during the quarter. Rhumbline Advisers owned 0.15% of Vail Resorts worth $14,392,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently modified their holdings of MTN. Headlands Technologies LLC acquired a new stake in Vail Resorts in the second quarter valued at approximately $25,000. Natixis bought a new position in Vail Resorts in the 4th quarter valued at about $52,000. Belpointe Asset Management LLC boosted its stake in Vail Resorts by 215.7% during the 1st quarter. Belpointe Asset Management LLC now owns 221 shares of the company’s stock valued at $52,000 after purchasing an additional 151 shares during the last quarter. Tobam bought a new stake in Vail Resorts during the 2nd quarter worth approximately $57,000. Finally, CENTRAL TRUST Co raised its stake in shares of Vail Resorts by 64.1% in the second quarter. CENTRAL TRUST Co now owns 256 shares of the company’s stock worth $64,000 after purchasing an additional 100 shares during the last quarter. 94.94% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
Several equities research analysts recently issued reports on the company. Stifel Nicolaus upgraded Vail Resorts from a “hold” rating to a “buy” rating and set a $268.00 price target for the company in a report on Tuesday, September 5th. JPMorgan Chase & Co. raised their price target on shares of Vail Resorts from $231.00 to $280.00 and gave the company a “neutral” rating in a research report on Tuesday, September 26th. Morgan Stanley boosted their price target on shares of Vail Resorts from $272.00 to $276.00 and gave the stock an “equal weight” rating in a report on Friday, September 29th. TheStreet cut shares of Vail Resorts from a “b-” rating to a “c+” rating in a research report on Monday, October 9th. Finally, Truist Financial upgraded Vail Resorts from a “hold” rating to a “buy” rating and boosted their target price for the stock from $263.00 to $290.00 in a research note on Thursday, September 7th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, Vail Resorts currently has an average rating of “Hold” and a consensus target price of $271.33.
Vail Resorts Price Performance
Vail Resorts stock opened at $225.44 on Monday. The company has a current ratio of 1.07, a quick ratio of 0.95 and a debt-to-equity ratio of 2.06. The business’s 50 day simple moving average is $225.08 and its 200 day simple moving average is $234.44. Vail Resorts, Inc. has a 12 month low of $204.88 and a 12 month high of $269.50. The company has a market cap of $8.60 billion, a price-to-earnings ratio of 34.21, a PEG ratio of 1.76 and a beta of 1.18.
Vail Resorts (NYSE:MTN – Get Free Report) last posted its quarterly earnings results on Thursday, September 28th. The company reported ($3.35) earnings per share for the quarter, missing the consensus estimate of ($3.28) by ($0.07). Vail Resorts had a return on equity of 17.12% and a net margin of 9.28%. The firm had revenue of $269.77 million for the quarter, compared to the consensus estimate of $282.26 million. During the same quarter in the previous year, the company posted ($2.70) EPS. The firm’s revenue was up 1.0% compared to the same quarter last year. Sell-side analysts forecast that Vail Resorts, Inc. will post 9.08 EPS for the current year.
Vail Resorts Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Thursday, October 26th. Stockholders of record on Tuesday, October 10th were given a $2.06 dividend. This represents a $8.24 annualized dividend and a dividend yield of 3.66%. The ex-dividend date of this dividend was Friday, October 6th. Vail Resorts’s dividend payout ratio (DPR) is currently 125.04%.
About Vail Resorts
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.
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