Vail Resorts (NYSE:MTN) Cut to Strong Sell at Zacks Research

Zacks Research downgraded shares of Vail Resorts (NYSE:MTN) from a hold rating to a strong sell rating in a research note published on Wednesday morning,Zacks.com reports.

A number of other analysts have also weighed in on MTN. UBS Group lowered their price target on shares of Vail Resorts from $185.00 to $169.00 and set a “neutral” rating for the company in a report on Wednesday, June 11th. Bank of America decreased their price objective on Vail Resorts from $175.00 to $165.00 and set a “neutral” rating on the stock in a research report on Tuesday. Mizuho lowered their target price on Vail Resorts from $216.00 to $195.00 and set an “outperform” rating for the company in a research note on Tuesday. Deutsche Bank Aktiengesellschaft dropped their target price on Vail Resorts from $170.00 to $165.00 and set a “hold” rating for the company in a research report on Wednesday, September 17th. Finally, Morgan Stanley decreased their price target on Vail Resorts from $155.00 to $146.00 and set an “equal weight” rating on the stock in a report on Wednesday. Three research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $174.90.

Vail Resorts Stock Performance

Vail Resorts stock opened at $157.07 on Wednesday. The stock has a 50-day simple moving average of $152.88 and a 200 day simple moving average of $152.52. The company has a quick ratio of 0.54, a current ratio of 0.63 and a debt-to-equity ratio of 3.44. Vail Resorts has a 12-month low of $129.85 and a 12-month high of $199.45. The stock has a market capitalization of $5.84 billion, a price-to-earnings ratio of 21.20, a P/E/G ratio of 2.54 and a beta of 0.86.

Vail Resorts (NYSE:MTN) last issued its quarterly earnings data on Monday, September 29th. The company reported ($5.08) EPS for the quarter, missing analysts’ consensus estimates of ($4.75) by ($0.33). Vail Resorts had a return on equity of 31.54% and a net margin of 9.45%.The company had revenue of $271.29 million for the quarter, compared to the consensus estimate of $272.87 million. During the same period in the prior year, the company earned ($4.67) EPS. The firm’s revenue was up 2.2% compared to the same quarter last year. On average, research analysts anticipate that Vail Resorts will post 7.62 earnings per share for the current fiscal year.

Vail Resorts Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 27th. Investors of record on Thursday, October 9th will be paid a dividend of $2.22 per share. The ex-dividend date of this dividend is Thursday, October 9th. This represents a $8.88 annualized dividend and a yield of 5.7%. Vail Resorts’s dividend payout ratio (DPR) is presently 119.84%.

Institutional Investors Weigh In On Vail Resorts

Several large investors have recently bought and sold shares of MTN. EverSource Wealth Advisors LLC raised its holdings in Vail Resorts by 815.8% in the second quarter. EverSource Wealth Advisors LLC now owns 174 shares of the company’s stock worth $27,000 after purchasing an additional 155 shares during the period. SouthState Corp bought a new stake in shares of Vail Resorts in the 1st quarter valued at $29,000. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in Vail Resorts by 196.8% during the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 187 shares of the company’s stock worth $29,000 after buying an additional 124 shares during the period. Farther Finance Advisors LLC lifted its holdings in Vail Resorts by 676.0% during the second quarter. Farther Finance Advisors LLC now owns 194 shares of the company’s stock worth $30,000 after acquiring an additional 169 shares in the last quarter. Finally, Parkside Financial Bank & Trust increased its holdings in shares of Vail Resorts by 222.7% in the second quarter. Parkside Financial Bank & Trust now owns 213 shares of the company’s stock worth $33,000 after acquiring an additional 147 shares in the last quarter. Institutional investors own 94.90% of the company’s stock.

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.