Vail Resorts (NYSE:MTN) Reaches New 1-Year Low at $188.21

Vail Resorts, Inc. (NYSE:MTNGet Free Report) reached a new 52-week low during trading on Wednesday . The stock traded as low as $188.21 and last traded at $188.61, with a volume of 21741 shares changing hands. The stock had previously closed at $190.57.

Analysts Set New Price Targets

A number of analysts have recently issued reports on MTN shares. Morgan Stanley dropped their price objective on shares of Vail Resorts from $242.00 to $229.00 and set an “equal weight” rating on the stock in a research note on Monday, April 22nd. Bank of America lowered shares of Vail Resorts from a “buy” rating to a “neutral” rating and cut their price objective for the stock 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 for the company in a research note on Monday, April 22nd. Stifel Nicolaus reiterated a “buy” rating and issued a $263.00 price target on shares of Vail Resorts in a research note on Friday, March 22nd. Finally, Mizuho began coverage on Vail Resorts in a research note on Tuesday, March 26th. They set a “buy” rating and a $256.00 price objective for the company. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, Vail Resorts presently has a consensus rating of “Hold” and a consensus price target of $260.11.

Check Out Our Latest Analysis on Vail Resorts

Vail Resorts Price Performance

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 company has a 50 day moving average of $207.98 and a 200-day moving average of $217.42. The stock has a market capitalization of $7.03 billion, a P/E ratio of 30.92, a PEG ratio of 2.05 and a beta of 1.14.

Vail Resorts (NYSE:MTNGet Free Report) last issued its earnings results on Monday, March 11th. The company reported $5.76 earnings per share for the quarter, missing the consensus estimate of $6.07 by ($0.31). The company 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%. Vail Resorts’s quarterly revenue was down 2.2% on a year-over-year basis. During the same period in the prior year, the business earned $5.16 earnings per share. Sell-side analysts predict that Vail Resorts, Inc. will post 7.6 EPS for the current year.

Vail Resorts Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 11th. Stockholders of record on Thursday, March 28th were given a dividend of $2.22 per share. The ex-dividend date was Wednesday, March 27th. This is an increase from Vail Resorts’s previous quarterly dividend of $2.06. This represents a $8.88 annualized dividend and a dividend yield of 4.79%. Vail Resorts’s payout ratio is currently 148.25%.

Insider Transactions at Vail Resorts

In other Vail Resorts news, Director Peter A. Vaughn sold 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $222.77, for a total value of $222,770.00. Following the completion of the sale, the director now directly owns 7,592 shares in the company, valued at $1,691,269.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.20% of the company’s stock.

Institutional Investors Weigh In On Vail Resorts

Institutional investors have recently added to or reduced their stakes in the company. Swedbank AB acquired a new stake in shares of Vail Resorts during the 1st quarter valued at $9,486,000. Virtu Financial LLC increased its position in Vail Resorts by 114.3% during the first quarter. Virtu Financial LLC now owns 7,056 shares of the company’s stock worth $1,572,000 after buying an additional 3,763 shares during the last quarter. Plato Investment Management Ltd increased its position in Vail Resorts by 82,166.7% during the first quarter. Plato Investment Management Ltd now owns 2,468 shares of the company’s stock worth $550,000 after buying an additional 2,465 shares during the last quarter. LBP AM SA boosted its holdings in Vail Resorts by 126.7% during the first quarter. LBP AM SA now owns 4,011 shares of the company’s stock valued at $894,000 after acquiring an additional 2,242 shares during the period. Finally, Motley Fool Asset Management LLC bought a new stake in Vail Resorts during the first quarter valued at about $526,000. 94.94% of the stock is currently owned by institutional investors and hedge funds.

About Vail Resorts

(Get Free Report)

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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