Vail Resorts (NYSE:MTN) Hits New 12-Month Low – Here’s Why

Vail Resorts, Inc. (NYSE:MTN) hit a new 52-week low during mid-day trading on Friday . The stock traded as low as $165.03 and last traded at $165.15, with a volume of 139977 shares. The stock had previously closed at $165.69.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on MTN. Stifel Nicolaus lowered their price target on Vail Resorts from $223.00 to $216.00 and set a “buy” rating on the stock in a research report on Friday, September 27th. Macquarie restated a “neutral” rating and set a $180.00 price objective on shares of Vail Resorts in a research report on Wednesday, October 2nd. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Vail Resorts from $218.00 to $194.00 and set a “hold” rating on the stock in a research note on Monday, September 16th. StockNews.com lowered shares of Vail Resorts from a “hold” rating to a “sell” rating in a research note on Friday, September 27th. Finally, Morgan Stanley lifted their price target on shares of Vail Resorts from $179.00 to $182.00 and gave the stock an “equal weight” rating in a research report on Wednesday, September 25th. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, Vail Resorts currently has a consensus rating of “Hold” and an average price target of $208.22.

Vail Resorts Trading Down 0.1 %

The company’s 50-day moving average is $176.93 and its 200 day moving average is $183.04. The company has a current ratio of 0.82, a quick ratio of 0.71 and a debt-to-equity ratio of 2.62. The firm has a market cap of $6.20 billion, a PE ratio of 27.47, a P/E/G ratio of 1.62 and a beta of 1.13.

Vail Resorts (NYSE:MTN) last announced its earnings results on Thursday, September 26th. The company reported ($4.67) earnings per share (EPS) for the quarter, missing the consensus estimate of ($4.28) by ($0.39). The firm had revenue of $265.39 million for the quarter, compared to analyst estimates of $264.84 million. Vail Resorts had a net margin of 7.99% and a return on equity of 20.76%. Vail Resorts’s revenue for the quarter was down 1.6% compared to the same quarter last year. During the same period last year, the firm earned ($3.35) earnings per share. As a group, sell-side analysts predict that Vail Resorts, Inc. will post 7.27 EPS for the current year.

Vail Resorts Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 24th. Shareholders of record on Tuesday, October 8th were paid a dividend of $2.22 per share. The ex-dividend date of this dividend was Tuesday, October 8th. This represents a $8.88 annualized dividend and a yield of 5.37%. Vail Resorts’s dividend payout ratio (DPR) is presently 147.26%.

Insider Transactions at Vail Resorts

In other Vail Resorts news, insider Robert A. Katz sold 9,296 shares of the company’s stock in a transaction that occurred on Wednesday, October 2nd. The shares were sold at an average price of $175.98, for a total value of $1,635,910.08. Following the transaction, the insider now owns 245,961 shares in the company, valued at approximately $43,284,216.78. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Vail Resorts news, insider Robert A. Katz sold 9,296 shares of the business’s stock in a transaction dated Wednesday, October 2nd. The stock was sold at an average price of $175.98, for a total value of $1,635,910.08. Following the transaction, the insider now owns 245,961 shares in the company, valued at $43,284,216.78. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director John F. Sorte sold 1,670 shares of the business’s stock in a transaction that occurred on Wednesday, October 2nd. The shares were sold at an average price of $173.07, for a total value of $289,026.90. Following the completion of the sale, the director now directly owns 45,111 shares of the company’s stock, valued at approximately $7,807,360.77. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. 1.20% of the stock is owned by insiders.

Hedge Funds Weigh In On Vail Resorts

Several institutional investors have recently bought and sold shares of MTN. Signaturefd LLC raised its stake in shares of Vail Resorts by 150.9% in the 2nd quarter. Signaturefd LLC now owns 138 shares of the company’s stock valued at $25,000 after acquiring an additional 83 shares in the last quarter. V Square Quantitative Management LLC acquired a new position in Vail Resorts during the third quarter valued at approximately $25,000. Capital Performance Advisors LLP bought a new position in shares of Vail Resorts in the third quarter valued at approximately $25,000. Brown Brothers Harriman & Co. lifted its stake in shares of Vail Resorts by 318.8% in the second quarter. Brown Brothers Harriman & Co. now owns 201 shares of the company’s stock worth $36,000 after buying an additional 153 shares during the last quarter. Finally, UMB Bank n.a. boosted its holdings in shares of Vail Resorts by 123.5% during the 3rd quarter. UMB Bank n.a. now owns 219 shares of the company’s stock worth $38,000 after buying an additional 121 shares during the period. 94.94% of the stock is currently owned by 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.