Vail Resorts (NYSE:MTN) Price Target Raised to $227.00

Vail Resorts (NYSE:MTN) had its price target hoisted by Mizuho from $222.00 to $227.00 in a research note released on Tuesday,Benzinga reports. The brokerage currently has an outperform rating on the stock.

Several other brokerages have also commented on MTN. StockNews.com raised Vail Resorts from a “sell” rating to a “hold” rating in a report on Monday, December 2nd. 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 lifted their target price on shares of Vail Resorts from $185.00 to $196.00 and gave the company a “hold” rating in a research report on Monday. Stifel Nicolaus reduced their price target on shares of Vail Resorts from $223.00 to $216.00 and set a “buy” rating for the company in a research report on Friday, September 27th. Finally, UBS Group began coverage on Vail Resorts in a report on Thursday, November 14th. They issued a “neutral” rating and a $185.00 price objective on the stock. Two research analysts have rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $205.50.

Vail Resorts Stock Performance

Shares of MTN stock opened at $193.93 on Tuesday. Vail Resorts has a 52-week low of $165.00 and a 52-week high of $236.92. The company has a quick ratio of 0.71, a current ratio of 0.82 and a debt-to-equity ratio of 2.62. The stock has a market cap of $7.27 billion, a PE ratio of 32.16, a price-to-earnings-growth ratio of 1.97 and a beta of 1.14. The business has a 50-day simple moving average of $177.00 and a 200-day simple moving average of $178.87.

Vail Resorts (NYSE:MTN) last announced its quarterly earnings results on Monday, December 9th. The company reported ($4.61) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($4.99) by $0.38. The company had revenue of $260.28 million during the quarter, compared to the consensus estimate of $251.45 million. Vail Resorts had a return on equity of 20.76% and a net margin of 7.99%. Vail Resorts’s revenue for the quarter was up .7% on a year-over-year basis. During the same period in the previous year, the company posted ($4.60) earnings per share. On average, equities analysts expect that Vail Resorts will post 7.23 EPS for the current year.

Vail Resorts Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 9th. Investors of record on Thursday, December 26th will be given a dividend of $2.22 per share. The ex-dividend date of this dividend is Thursday, December 26th. This represents a $8.88 dividend on an annualized basis and a yield of 4.58%. Vail Resorts’s payout ratio is 147.26%.

Insiders Place Their Bets

In related news, insider Robert A. Katz sold 9,296 shares of the company’s stock in a transaction that occurred on 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 directly owns 245,961 shares in the company, valued at approximately $43,284,216.78. This represents a 3.64 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director John F. Sorte sold 1,670 shares of the firm’s stock in a transaction on Wednesday, October 2nd. The stock was sold at an average price of $173.07, for a total value of $289,026.90. Following the sale, the director now directly owns 45,111 shares of the company’s stock, valued at approximately $7,807,360.77. This trade represents a 3.57 % decrease in their position. The disclosure for this sale can be found here. 1.20% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Signaturefd LLC increased its holdings in 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 purchasing an additional 83 shares during the last quarter. V Square Quantitative Management LLC acquired a new stake in shares of Vail Resorts in the third quarter valued at $25,000. Capital Performance Advisors LLP acquired a new stake in shares of Vail Resorts in the third quarter valued at $25,000. Brown Brothers Harriman & Co. raised its holdings in shares of Vail Resorts by 318.8% in the 2nd quarter. Brown Brothers Harriman & Co. now owns 201 shares of the company’s stock valued at $36,000 after buying an additional 153 shares during the period. Finally, UMB Bank n.a. lifted its stake in 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 acquiring an additional 121 shares in the last quarter. Hedge funds and other 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.