Vail Resorts (NYSE:MTN) Given New $229.00 Price Target at Morgan Stanley

Vail Resorts (NYSE:MTN) had its target price lowered by Morgan Stanley from $242.00 to $229.00 in a report published on Monday morning, Benzinga reports. The brokerage currently has an equal weight rating on the stock.

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

Vail Resorts Price Performance

NYSE MTN opened at $199.02 on Monday. The business’s fifty day moving average price is $223.05 and its 200-day moving average price is $220.90. The stock has a market capitalization of $7.56 billion, a price-to-earnings ratio of 33.23, a PEG ratio of 2.23 and a beta of 1.11. The company has a debt-to-equity ratio of 2.37, a current ratio of 0.96 and a quick ratio of 0.85. Vail Resorts has a 1-year low of $198.26 and a 1-year high of $258.13.

Vail Resorts (NYSE:MTN) last released its quarterly earnings results 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 firm had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.15 billion. Vail Resorts had a net margin of 8.44% and a return on equity of 19.16%. Vail Resorts’s quarterly revenue was down 2.2% compared to the same quarter last year. During the same period in the previous year, the company earned $5.16 earnings per share. On average, equities analysts predict that Vail Resorts will post 7.6 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 issued a dividend of $2.22 per share. This represents a $8.88 annualized dividend and a dividend yield of 4.46%. The ex-dividend date was Wednesday, March 27th. This is an increase from Vail Resorts’s previous quarterly dividend of $2.06. Vail Resorts’s dividend payout ratio is 148.25%.

Insider Buying and Selling at Vail Resorts

In other Vail Resorts news, Director Peter A. Vaughn sold 1,000 shares of the stock in a transaction dated 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 transaction, the director now owns 7,592 shares of the company’s stock, valued at approximately $1,691,269.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.20% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in MTN. Benjamin F. Edwards & Company Inc. lifted its stake in Vail Resorts by 3.0% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 1,704 shares of the company’s stock worth $364,000 after purchasing an additional 49 shares during the last quarter. First Eagle Investment Management LLC increased its position in shares of Vail Resorts by 5.6% during the third quarter. First Eagle Investment Management LLC now owns 939 shares of the company’s stock worth $208,000 after acquiring an additional 50 shares during the period. CIBC Asset Management Inc increased its position in shares of Vail Resorts by 4.2% during the third quarter. CIBC Asset Management Inc now owns 1,367 shares of the company’s stock worth $303,000 after acquiring an additional 55 shares during the period. GAMMA Investing LLC increased its holdings in Vail Resorts by 27.9% during the first quarter. GAMMA Investing LLC now owns 257 shares of the company’s stock valued at $57,000 after buying an additional 56 shares during the period. Finally, Rise Advisors LLC increased its holdings in Vail Resorts by 62.2% during the fourth quarter. Rise Advisors LLC now owns 159 shares of the company’s stock valued at $34,000 after buying an additional 61 shares during the period. 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.