Vail Resorts (NYSE:MTN) Earns Neutral Rating from Analysts at UBS Group

UBS Group initiated coverage on shares of Vail Resorts (NYSE:MTN) in a report issued on Thursday, Marketbeat reports. The firm issued a neutral rating and a $185.00 price objective on the stock.

Other analysts have also issued research reports about the stock. Macquarie reiterated a “neutral” rating and issued a $180.00 price objective on shares of Vail Resorts in a research note on Wednesday, October 2nd. Stifel Nicolaus cut their price objective on shares of Vail Resorts from $223.00 to $216.00 and set a “buy” rating on the stock in a research note on Friday, September 27th. Deutsche Bank Aktiengesellschaft cut 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 Tuesday, November 12th. Finally, Barclays cut their price objective on shares of Vail Resorts from $161.00 to $155.00 and set an “underweight” rating on the stock in a research note on Friday, September 27th. Three research analysts have rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Vail Resorts presently has an average rating of “Hold” and an average target price of $205.90.

Vail Resorts Trading Down 1.1 %

Shares of Vail Resorts stock opened at $176.28 on Thursday. The company has a current ratio of 0.82, a quick ratio of 0.71 and a debt-to-equity ratio of 2.62. Vail Resorts has a 12-month low of $165.00 and a 12-month high of $236.92. The firm has a market capitalization of $6.61 billion, a price-to-earnings ratio of 29.23, a PEG ratio of 1.69 and a beta of 1.13. The firm’s 50 day simple moving average is $175.51 and its two-hundred day simple moving average is $180.42.

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

Vail Resorts Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, October 24th. Investors of record on Tuesday, October 8th were issued a dividend of $2.22 per share. This represents a $8.88 dividend on an annualized basis and a yield of 5.04%. The ex-dividend date was Tuesday, October 8th. Vail Resorts’s dividend payout ratio (DPR) is presently 147.26%.

Insider Buying and Selling at Vail Resorts

In other Vail Resorts news, Director John F. Sorte sold 1,670 shares of the stock in a transaction on Wednesday, October 2nd. The shares were sold at an average price of $173.07, for a total transaction of $289,026.90. Following the transaction, the director now directly owns 45,111 shares of the company’s stock, valued at $7,807,360.77. This trade represents a 3.57 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Robert A. Katz sold 9,296 shares of the stock in a transaction on Wednesday, October 2nd. The shares were sold at an average price of $175.98, for a total transaction of $1,635,910.08. Following the transaction, the insider now directly owns 245,961 shares in the company, valued at approximately $43,284,216.78. The trade was a 3.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.20% of the company’s stock.

Hedge Funds Weigh In On Vail Resorts

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Signaturefd LLC lifted its holdings in Vail Resorts by 150.9% during the second quarter. Signaturefd LLC now owns 138 shares of the company’s stock valued at $25,000 after purchasing an additional 83 shares in the last quarter. V Square Quantitative Management LLC acquired a new position in Vail Resorts during the third quarter worth about $25,000. Capital Performance Advisors LLP acquired a new position in Vail Resorts during the third quarter worth about $25,000. Brown Brothers Harriman & Co. boosted its position in Vail Resorts by 318.8% during the second quarter. Brown Brothers Harriman & Co. now owns 201 shares of the company’s stock worth $36,000 after acquiring an additional 153 shares during the last quarter. Finally, UMB Bank n.a. boosted its position in Vail Resorts by 123.5% during the third quarter. UMB Bank n.a. now owns 219 shares of the company’s stock worth $38,000 after acquiring an additional 121 shares during the last quarter. 94.94% of the stock is owned by hedge funds and other 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.