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

Shares of Vail Resorts, Inc. (NYSE:MTN) have been given a consensus recommendation of “Hold” by the twelve research firms that are currently covering the company, MarketBeat.com reports. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $175.60.

MTN has been the subject of several research reports. Weiss Ratings lowered Vail Resorts from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, October 8th. Mizuho reduced their target price on shares of Vail Resorts from $216.00 to $195.00 and set an “outperform” rating for the company in a research note on Tuesday, September 30th. Wall Street Zen downgraded shares of Vail Resorts from a “hold” rating to a “sell” rating in a research report on Friday, October 3rd. Bank of America cut their price target on shares of Vail Resorts from $175.00 to $165.00 and set a “neutral” rating on the stock in a report on Tuesday, September 30th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and issued a $175.00 price objective (down previously from $180.00) on shares of Vail Resorts in a research note on Tuesday, September 30th.

Insider Activity

In related news, CFO Angela A. Korch purchased 210 shares of the firm’s stock in a transaction dated Tuesday, October 7th. The stock was bought at an average price of $155.00 per share, for a total transaction of $32,550.00. Following the purchase, the chief financial officer owned 4,905 shares in the company, valued at $760,275. The trade was a 4.47% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 1.20% of the company’s stock.

Institutional Investors Weigh In On Vail Resorts

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. 111 Capital lifted its position in Vail Resorts by 116.3% during the 2nd quarter. 111 Capital now owns 6,172 shares of the company’s stock worth $970,000 after acquiring an additional 3,319 shares during the last quarter. Jump Financial LLC acquired a new stake in shares of Vail Resorts in the first quarter valued at about $5,543,000. Landscape Capital Management L.L.C. bought a new position in shares of Vail Resorts in the first quarter worth about $376,000. First Eagle Investment Management LLC acquired a new position in shares of Vail Resorts during the 2nd quarter worth about $3,735,000. Finally, Kovitz Investment Group Partners LLC acquired a new position in shares of Vail Resorts during the 1st quarter worth about $288,000. 94.90% of the stock is currently owned by institutional investors and hedge funds.

Vail Resorts Trading Up 0.7%

Vail Resorts stock opened at $140.21 on Monday. The company’s fifty day simple moving average is $147.71 and its 200-day simple moving average is $152.94. The company has a quick ratio of 0.56, 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 cap of $5.03 billion, a P/E ratio of 18.92, a P/E/G ratio of 2.50 and a beta of 0.90.

Vail Resorts (NYSE:MTN) last announced its quarterly earnings data on Monday, September 29th. The company reported ($5.08) earnings per share (EPS) for the quarter, missing the consensus estimate of ($4.75) by ($0.33). Vail Resorts had a return on equity of 31.54% and a net margin of 9.45%.The firm had revenue of $271.29 million for the quarter, compared to analysts’ expectations of $272.87 million. During the same quarter in the prior year, the business posted ($4.67) earnings per share. Vail Resorts’s revenue was up 2.2% on a year-over-year basis. As a group, sell-side analysts forecast that Vail Resorts will post 7.62 EPS for the current fiscal year.

Vail Resorts Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, October 27th. Shareholders of record on Thursday, October 9th were issued a dividend of $2.22 per share. This represents a $8.88 annualized dividend and a yield of 6.3%. The ex-dividend date was Thursday, October 9th. Vail Resorts’s dividend payout ratio (DPR) is 119.84%.

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.