Vail Resorts (NYSE:MTN) Reaches New 52-Week Low – Time to Sell?

Vail Resorts, Inc. (NYSE:MTN) reached a new 52-week low during trading on Friday . The stock traded as low as $129.41 and last traded at $131.75, with a volume of 185024 shares. The stock had previously closed at $132.80.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on MTN shares. Deutsche Bank Aktiengesellschaft set a $169.00 target price on shares of Vail Resorts in a research note on Thursday, December 11th. Zacks Research raised Vail Resorts from a “strong sell” rating to a “hold” rating in a report on Thursday, December 11th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Vail Resorts in a research report on Monday, December 29th. Mizuho cut their target price on Vail Resorts from $216.00 to $195.00 and set an “outperform” rating on the stock in a research report on Tuesday, September 30th. Finally, Wall Street Zen upgraded Vail Resorts from a “sell” rating to a “hold” rating in a research note on Saturday, December 27th. Three investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $176.00.

Vail Resorts Stock Performance

The firm has a fifty day simple moving average of $144.52 and a 200-day simple moving average of $151.35. The company has a quick ratio of 0.46, a current ratio of 0.54 and a debt-to-equity ratio of 5.52. The company has a market cap of $4.79 billion, a PE ratio of 19.65, a price-to-earnings-growth ratio of 10.38 and a beta of 0.81.

Vail Resorts (NYSE:MTN) last announced its earnings results on Wednesday, December 10th. The company reported ($5.20) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($5.23) by $0.03. The firm had revenue of $271.03 million during the quarter, compared to analysts’ expectations of $273.35 million. Vail Resorts had a return on equity of 32.51% and a net margin of 8.94%.The business’s revenue was up 4.1% on a year-over-year basis. During the same period in the prior year, the firm earned ($4.61) EPS. On average, research analysts forecast that Vail Resorts, Inc. will post 7.62 EPS for the current fiscal year.

Vail Resorts Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, January 12th. Stockholders of record on Tuesday, December 30th will be given a dividend of $2.22 per share. The ex-dividend date is Tuesday, December 30th. This represents a $8.88 dividend on an annualized basis and a dividend yield of 6.6%. Vail Resorts’s dividend payout ratio (DPR) is 130.21%.

Insider Activity at Vail Resorts

In other Vail Resorts news, CFO Angela A. Korch purchased 210 shares of Vail Resorts stock in a transaction that occurred on Tuesday, October 7th. The stock was purchased at an average price of $155.00 per share, for a total transaction of $32,550.00. Following the transaction, the chief financial officer directly owned 4,905 shares in the company, valued at $760,275. This trade represents a 4.47% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. 1.20% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. BOKF NA raised its holdings in shares of Vail Resorts by 833.3% in the third quarter. BOKF NA now owns 168 shares of the company’s stock valued at $25,000 after buying an additional 150 shares during the last quarter. NBT Bank N A NY increased its position in Vail Resorts by 450.0% in the 3rd quarter. NBT Bank N A NY now owns 176 shares of the company’s stock valued at $26,000 after acquiring an additional 144 shares during the period. EverSource Wealth Advisors LLC raised its stake in Vail Resorts by 815.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 174 shares of the company’s stock valued at $27,000 after acquiring an additional 155 shares during the last quarter. 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 valued at $29,000 after acquiring an additional 124 shares during the last quarter. Finally, Farther Finance Advisors LLC lifted its position in Vail Resorts by 676.0% during the 2nd quarter. Farther Finance Advisors LLC now owns 194 shares of the company’s stock worth $30,000 after acquiring an additional 169 shares during the period. 94.90% of the stock is owned by hedge funds and other institutional investors.

Vail Resorts Company Profile

Vail Resorts, Inc is a leading mountain resort company that owns and operates an integrated network of ski areas, hotels, restaurants and retail outlets. The company’s signature Epic Pass program offers skiers and snowboarders season‐long access to its portfolio of resorts, while ancillary services such as ski and snowboard schools, equipment rental and retail drive additional revenue.

Headquartered in Broomfield, Colorado, Vail Resorts was formed in 1997, building on the legacy of Vail Associates, which opened the Vail ski area in 1962.