Vail Resorts, Inc. (NYSE:MTN) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Vail Resorts, Inc. (NYSE:MTN) have received a consensus rating of “Hold” from the eight ratings firms that are covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $221.50.

A number of brokerages have recently commented on MTN. Stifel Nicolaus reduced their target price on shares of Vail Resorts from $262.00 to $259.00 and set a “buy” rating for the company in a research report on Friday, June 7th. Mizuho dropped their price objective on shares of Vail Resorts from $256.00 to $231.00 and set a “buy” rating for the company in a report on Friday, June 7th. Bank of America lowered shares of Vail Resorts from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $285.00 to $250.00 in a report on Friday, March 8th. JPMorgan Chase & Co. lowered shares of Vail Resorts from a “neutral” rating to an “underweight” rating and dropped their price objective for the company from $217.00 to $176.00 in a report on Friday, June 7th. Finally, Barclays dropped their price objective on shares of Vail Resorts from $201.00 to $161.00 and set an “underweight” rating for the company in a report on Friday, June 7th.

Vail Resorts Price Performance

Shares of NYSE MTN opened at $180.13 on Friday. The firm has a 50-day simple moving average of $190.71 and a 200-day simple moving average of $211.51. The stock has a market capitalization of $6.78 billion, a price-to-earnings ratio of 24.51, a price-to-earnings-growth ratio of 2.98 and a beta of 1.14. The company has a quick ratio of 1.08, a current ratio of 1.18 and a debt-to-equity ratio of 2.04. Vail Resorts has a 52 week low of $165.14 and a 52 week high of $254.78.

Vail Resorts (NYSE:MTN) last issued its earnings results on Thursday, June 6th. The company reported $9.54 EPS for the quarter, missing analysts’ consensus estimates of $9.94 by ($0.40). The business had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.31 billion. Vail Resorts had a net margin of 9.59% and a return on equity of 23.41%. On average, equities analysts predict that Vail Resorts will post 6.48 earnings per share for the current fiscal year.

Vail Resorts Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 10th. Shareholders of record on Tuesday, June 25th will be paid a dividend of $2.22 per share. This represents a $8.88 annualized dividend and a yield of 4.93%. The ex-dividend date is Tuesday, June 25th. Vail Resorts’s dividend payout ratio (DPR) is presently 120.82%.

Insiders Place Their Bets

In other Vail Resorts news, CFO Angela A. Korch acquired 575 shares of the stock in a transaction dated Monday, June 10th. The stock was acquired at an average price of $176.20 per share, with a total value of $101,315.00. Following the completion of the purchase, the chief financial officer now owns 1,171 shares in the company, valued at approximately $206,330.20. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.20% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. International Assets Investment Management LLC boosted its stake in shares of Vail Resorts by 14,502.1% in the fourth quarter. International Assets Investment Management LLC now owns 48,041 shares of the company’s stock valued at $10,255,000 after purchasing an additional 47,712 shares during the period. Oak Thistle LLC acquired a new stake in Vail Resorts in the fourth quarter valued at approximately $1,533,000. Nordea Investment Management AB raised its holdings 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 valued at $89,931,000 after acquiring an additional 400,941 shares in the last quarter. Galibier Capital Management Ltd. acquired a new stake in Vail Resorts in the fourth quarter valued at approximately $3,932,000. Finally, Junto Capital Management LP acquired a new stake in Vail Resorts in the fourth quarter valued at approximately $14,011,000. Hedge funds and other institutional investors own 94.94% of the company’s stock.

About Vail Resorts

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.