Vail Resorts (NYSE:MTN) Hits New 1-Year Low Following Analyst Downgrade

Vail Resorts, Inc. (NYSE:MTN) reached a new 52-week low during trading on Monday after Morgan Stanley lowered their price target on the stock from $242.00 to $229.00. Morgan Stanley currently has an equal weight rating on the stock. Vail Resorts traded as low as $200.51 and last traded at $200.84, with a volume of 124885 shares traded. The stock had previously closed at $202.94.

Several other analysts also recently commented on MTN. Stifel Nicolaus reissued a “buy” rating and issued a $263.00 target price on shares of Vail Resorts in a research report on Friday, March 22nd. Mizuho initiated coverage on shares of Vail Resorts in a research report on Tuesday, March 26th. They issued a “buy” rating and a $256.00 target price for the company. Bank of America downgraded shares of Vail Resorts from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $285.00 to $250.00 in a research report on Friday, March 8th. JPMorgan Chase & Co. decreased their price objective on shares of Vail Resorts from $252.00 to $243.00 and set a “neutral” rating for the company in a report on Monday. Finally, Truist Financial reaffirmed a “buy” rating and set a $290.00 price objective on shares of Vail Resorts in a report on Friday, January 19th. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, Vail Resorts presently has an average rating of “Hold” and a consensus target price of $260.11.

Insider Activity at Vail Resorts

In other Vail Resorts news, Director Peter A. Vaughn sold 1,000 shares of the stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $222.77, for a total value of $222,770.00. Following the completion of the sale, the director now directly owns 7,592 shares of the company’s stock, valued at approximately $1,691,269.84. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 1.20% of the company’s stock.

Hedge Funds Weigh In On Vail Resorts

Institutional investors have recently added to or reduced their stakes in the company. Pittenger & Anderson Inc. lifted its holdings in Vail Resorts by 125.0% during the 3rd quarter. Pittenger & Anderson Inc. now owns 117 shares of the company’s stock valued at $26,000 after purchasing an additional 65 shares during the last quarter. Park Place Capital Corp lifted its holdings in Vail Resorts by 531.6% during the 4th quarter. Park Place Capital Corp now owns 120 shares of the company’s stock valued at $26,000 after purchasing an additional 101 shares during the last quarter. Rise Advisors LLC lifted its holdings in Vail Resorts by 62.2% during the 4th quarter. Rise Advisors LLC now owns 159 shares of the company’s stock valued at $34,000 after purchasing an additional 61 shares during the last quarter. Quarry LP bought a new position in Vail Resorts during the 4th quarter valued at about $35,000. Finally, Desjardins Global Asset Management Inc. lifted its holdings in Vail Resorts by 70.4% during the 4th quarter. Desjardins Global Asset Management Inc. now owns 167 shares of the company’s stock valued at $36,000 after purchasing an additional 69 shares during the last quarter. 94.94% of the stock is owned by institutional investors.

Vail Resorts Stock Down 0.3 %

The company has a current ratio of 0.96, a quick ratio of 0.85 and a debt-to-equity ratio of 2.37. The stock has a market capitalization of $7.68 billion, a P/E ratio of 33.59, a P/E/G ratio of 2.17 and a beta of 1.11. The firm’s fifty day moving average is $224.95 and its 200-day moving average is $221.31.

Vail Resorts (NYSE:MTN) last posted its quarterly earnings data on Monday, March 11th. The company reported $5.76 earnings per share for the quarter, missing the consensus estimate of $6.07 by ($0.31). The company had revenue of $1.08 billion during the quarter, compared to analyst estimates 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 was down 2.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $5.16 EPS. As a group, equities research analysts predict that Vail Resorts, Inc. will post 7.69 earnings per share for the current year.

Vail Resorts Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 11th. Shareholders of record on Thursday, March 28th were given a $2.22 dividend. This represents a $8.88 annualized dividend and a yield of 4.39%. The ex-dividend date of this dividend was Wednesday, March 27th. This is a boost from Vail Resorts’s previous quarterly dividend of $2.06. Vail Resorts’s dividend payout ratio (DPR) is presently 148.25%.

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.