Vail Resorts, Inc. (NYSE:MTN) Given Average Recommendation of “Hold” by Analysts

Shares of Vail Resorts, Inc. (NYSE:MTN) have been assigned a consensus recommendation of “Hold” from the seven ratings firms that are covering the company, Marketbeat reports. Four research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $260.11.

A number of equities research analysts have commented on the company. Truist Financial reiterated a “buy” rating and set a $290.00 target price on shares of Vail Resorts in a report on Friday, January 19th. Bank of America cut Vail Resorts from a “buy” rating to a “neutral” rating and lowered their target price for the company from $285.00 to $250.00 in a report on Friday, March 8th. JPMorgan Chase & Co. lowered their target price on Vail Resorts from $252.00 to $243.00 and set a “neutral” rating on the stock in a report on Monday, April 22nd. Stifel Nicolaus reiterated a “buy” rating and set a $263.00 target price on shares of Vail Resorts in a report on Friday, March 22nd. Finally, Mizuho assumed coverage on Vail Resorts in a report on Tuesday, March 26th. They set a “buy” rating and a $256.00 target price on the stock.

Vail Resorts Stock Performance

MTN opened at $195.04 on Friday. The stock has a market cap of $7.41 billion, a P/E ratio of 32.56, a P/E/G ratio of 2.12 and a beta of 1.14. The company has a debt-to-equity ratio of 2.37, a current ratio of 0.96 and a quick ratio of 0.85. The stock’s 50 day simple moving average is $219.48 and its 200 day simple moving average is $220.21. Vail Resorts has a 1-year low of $188.43 and a 1-year high of $258.13.

Vail Resorts (NYSE:MTN) last released its quarterly earnings results on Monday, March 11th. The company reported $5.76 earnings per share for the quarter, missing analysts’ consensus estimates of $6.07 by ($0.31). The firm had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.15 billion. Vail Resorts had a return on equity of 19.16% and a net margin of 8.44%. The business’s revenue was down 2.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $5.16 EPS. As a group, equities analysts anticipate that Vail Resorts will post 7.6 EPS for the current fiscal year.

Vail Resorts Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 11th. Shareholders of record on Thursday, March 28th were paid a dividend of $2.22 per share. This represents a $8.88 dividend on an annualized basis and a dividend yield of 4.55%. The ex-dividend date of this dividend was Wednesday, March 27th. This is a positive change from Vail Resorts’s previous quarterly dividend of $2.06. Vail Resorts’s dividend payout ratio is currently 148.25%.

Insiders Place Their Bets

In other Vail Resorts news, Director Peter A. Vaughn sold 1,000 shares of the stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $222.77, for a total transaction of $222,770.00. Following the transaction, the director now owns 7,592 shares of the company’s stock, valued at approximately $1,691,269.84. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 1.20% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the company. FORA Capital LLC raised its position in shares of Vail Resorts by 400.7% in the 1st quarter. FORA Capital LLC now owns 10,679 shares of the company’s stock worth $2,380,000 after buying an additional 8,546 shares during the period. Daiwa Securities Group Inc. raised its position in shares of Vail Resorts by 84.2% in the 1st quarter. Daiwa Securities Group Inc. now owns 6,223 shares of the company’s stock worth $1,387,000 after buying an additional 2,845 shares during the period. Nordea Investment Management AB raised its position in shares of Vail Resorts by 5.9% in the 1st quarter. Nordea Investment Management AB now owns 441,749 shares of the company’s stock worth $98,470,000 after buying an additional 24,456 shares during the period. Fidelis Capital Partners LLC purchased a new position in shares of Vail Resorts in the 1st quarter worth $110,000. Finally, Tokio Marine Asset Management Co. Ltd. raised its position in shares of Vail Resorts by 15.8% in the 1st quarter. Tokio Marine Asset Management Co. Ltd. now owns 1,712 shares of the company’s stock worth $381,000 after buying an additional 233 shares during the period. 94.94% of the stock is owned by hedge funds and other institutional investors.

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.