Vail Resorts (NYSE:MTN) Stock Price Down 2.2%

Vail Resorts, Inc. (NYSE:MTN) shares were down 2.2% during trading on Friday . The stock traded as low as $207.05 and last traded at $209.00. Approximately 81,865 shares were traded during trading, a decline of 82% from the average daily volume of 464,008 shares. The stock had previously closed at $213.62.

Wall Street Analyst Weigh In

Several analysts have commented on MTN shares. Morgan Stanley increased their target price on Vail Resorts from $247.00 to $248.00 and gave the company an “equal weight” rating in a research note on Thursday, March 7th. Mizuho started coverage on Vail Resorts in a research note on Tuesday, March 26th. They set a “buy” rating and a $256.00 target price on the stock. Stifel Nicolaus reiterated a “buy” rating and set a $263.00 target price on shares of Vail Resorts in a research note on Friday, March 22nd. Bank of America cut Vail Resorts from a “buy” rating to a “neutral” rating and lowered their price target for the company from $285.00 to $250.00 in a report on Friday, March 8th. Finally, Truist Financial reaffirmed a “buy” rating and issued a $290.00 target price on shares of Vail Resorts in a report on Friday, January 19th. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $266.33.

Vail Resorts Price Performance

The firm has a market cap of $7.80 billion, a PE ratio of 34.35, a price-to-earnings-growth ratio of 2.33 and a beta of 1.11. The stock has a 50 day simple moving average of $225.37 and a 200-day simple moving average of $221.22. The company has a current ratio of 0.96, a quick ratio of 0.85 and a debt-to-equity ratio of 2.37.

Vail Resorts (NYSE:MTN) last issued its quarterly earnings data on Monday, March 11th. The company reported $5.76 earnings per share for the quarter, missing analysts’ consensus estimates of $6.07 by ($0.31). The firm had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.15 billion. Vail Resorts had a net margin of 8.44% and a return on equity of 19.16%. The company’s revenue for the quarter was down 2.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $5.16 EPS. Equities analysts anticipate that Vail Resorts, Inc. will post 7.75 earnings per share for the current fiscal year.

Vail Resorts Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 11th. Shareholders of record on Thursday, March 28th were paid a $2.22 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $8.88 annualized dividend and a yield of 4.32%. This is an increase from Vail Resorts’s previous quarterly dividend of $2.06. Vail Resorts’s dividend payout ratio (DPR) is presently 148.25%.

Insiders Place Their Bets

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

Institutional Trading of Vail Resorts

Institutional investors and hedge funds have recently modified their holdings of the stock. International Assets Investment Management LLC raised its stake in shares of Vail Resorts by 14,502.1% during the fourth quarter. International Assets Investment Management LLC now owns 48,041 shares of the company’s stock valued at $10,255,000 after acquiring an additional 47,712 shares in the last quarter. Oak Thistle LLC bought a new position in Vail Resorts in the fourth quarter worth approximately $1,533,000. Nordea Investment Management AB raised its stake in Vail Resorts by 2,451.9% in the fourth quarter. Nordea Investment Management AB now owns 417,293 shares of the company’s stock worth $89,931,000 after buying an additional 400,941 shares in the last quarter. Galibier Capital Management Ltd. bought a new position in Vail Resorts in the fourth quarter worth approximately $3,932,000. Finally, Raymond James & Associates raised its stake in Vail Resorts by 4.6% in the fourth quarter. Raymond James & Associates now owns 74,599 shares of the company’s stock worth $15,925,000 after buying an additional 3,278 shares in the last quarter. Institutional investors own 94.94% 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.