Vail Resorts (NYSE:MTN) Trading Down 3.9% – Should You Sell?

Vail Resorts, Inc. (NYSE:MTN)’s share price dropped 3.9% during trading on Thursday . The stock traded as low as $179.28 and last traded at $180.10. Approximately 93,535 shares were traded during trading, a decline of 82% from the average daily volume of 529,708 shares. The stock had previously closed at $187.45.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on MTN. Morgan Stanley reiterated an “equal weight” rating and issued a $197.00 target price on shares of Vail Resorts in a report on Monday, December 23rd. Mizuho lifted their price objective on shares of Vail Resorts from $222.00 to $227.00 and gave the company an “outperform” rating in a research note on Tuesday, December 10th. Macquarie increased their target price on shares of Vail Resorts from $180.00 to $195.00 and gave the stock a “neutral” rating in a research note on Wednesday, December 11th. UBS Group started coverage on shares of Vail Resorts in a research note on Thursday, November 14th. They issued a “neutral” rating and a $185.00 price target for the company. Finally, Truist Financial dropped their price objective on shares of Vail Resorts from $250.00 to $247.00 and set a “buy” rating on the stock in a report on Tuesday, December 10th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $205.50.

Vail Resorts Stock Up 2.2 %

The company has a market cap of $6.70 billion, a P/E ratio of 29.72, a price-to-earnings-growth ratio of 2.22 and a beta of 1.14. The company has a debt-to-equity ratio of 3.64, a current ratio of 0.63 and a quick ratio of 0.71. The stock has a fifty day moving average price of $182.20 and a two-hundred day moving average price of $179.05.

Vail Resorts (NYSE:MTN) last issued its quarterly earnings data on Monday, December 9th. The company reported ($4.61) earnings per share for the quarter, beating the consensus estimate of ($4.99) by $0.38. The business had revenue of $260.28 million for the quarter, compared to analysts’ expectations of $251.45 million. Vail Resorts had a return on equity of 21.90% and a net margin of 8.07%. The business’s revenue was up .7% on a year-over-year basis. During the same period last year, the business earned ($4.60) EPS. On average, research analysts expect that Vail Resorts, Inc. will post 7.49 EPS for the current year.

Vail Resorts Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 9th. Investors of record on Thursday, December 26th will be issued a dividend of $2.22 per share. The ex-dividend date of this dividend is Thursday, December 26th. This represents a $8.88 dividend on an annualized basis and a yield of 4.96%. Vail Resorts’s dividend payout ratio (DPR) is currently 147.51%.

Hedge Funds Weigh In On Vail Resorts

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Signaturefd LLC increased its holdings in Vail Resorts by 150.9% in the 2nd quarter. Signaturefd LLC now owns 138 shares of the company’s stock worth $25,000 after acquiring an additional 83 shares during the last quarter. Commonwealth Equity Services LLC lifted its stake in shares of Vail Resorts by 507.3% during the 2nd quarter. Commonwealth Equity Services LLC now owns 11,380 shares of the company’s stock valued at $2,050,000 after buying an additional 9,506 shares in the last quarter. Arizona State Retirement System lifted its stake in shares of Vail Resorts by 1.8% during the 2nd quarter. Arizona State Retirement System now owns 10,628 shares of the company’s stock valued at $1,914,000 after buying an additional 185 shares in the last quarter. Torray Investment Partners LLC boosted its holdings in Vail Resorts by 15.2% in the 2nd quarter. Torray Investment Partners LLC now owns 19,104 shares of the company’s stock worth $3,441,000 after buying an additional 2,517 shares during the period. Finally, Fairbanks Capital Management Inc. grew its stake in Vail Resorts by 2.5% in the 2nd quarter. Fairbanks Capital Management Inc. now owns 2,563 shares of the company’s stock valued at $462,000 after buying an additional 63 shares in the last quarter. 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.