Vail Resorts (NYSE:MTN) Reaches New 1-Year Low – What’s Next?

Vail Resorts, Inc. (NYSE:MTN) hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as $164.35 and last traded at $165.30, with a volume of 12724 shares traded. The stock had previously closed at $165.87.

Analysts Set New Price Targets

Several brokerages have recently commented on MTN. Mizuho upped their target price on Vail Resorts from $222.00 to $227.00 and gave the company an “outperform” rating in a report on Tuesday, December 10th. Truist Financial reduced their price objective on shares of Vail Resorts from $250.00 to $247.00 and set a “buy” rating for the company in a research note on Tuesday, December 10th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Vail Resorts from $185.00 to $196.00 and gave the stock a “hold” rating in a research report on Monday, December 9th. JPMorgan Chase & Co. reduced their price target on shares of Vail Resorts from $176.00 to $166.00 and set an “underweight” rating for the company in a research report on Friday, January 17th. Finally, Macquarie lifted their price objective on shares of Vail Resorts from $180.00 to $195.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 11th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $204.50.

Vail Resorts Price Performance

The company has a quick ratio of 0.51, a current ratio of 0.63 and a debt-to-equity ratio of 3.64. The stock’s 50 day moving average price is $180.88 and its two-hundred day moving average price is $178.31. The firm has a market capitalization of $6.19 billion, a price-to-earnings ratio of 27.44, a P/E/G ratio of 2.07 and a beta of 1.11.

Vail Resorts (NYSE:MTN) last issued its earnings results on Monday, December 9th. The company reported ($4.61) earnings per share for the quarter, topping the consensus estimate of ($4.99) by $0.38. Vail Resorts had a return on equity of 21.90% and a net margin of 8.07%. The company had revenue of $260.28 million for the quarter, compared to analyst estimates of $251.45 million. During the same period in the prior year, the firm posted ($4.60) EPS. The business’s revenue was up .7% compared to the same quarter last year. Analysts anticipate that Vail Resorts, Inc. will post 7.62 EPS for the current fiscal year.

Vail Resorts Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Investors of record on Thursday, December 26th were given a dividend of $2.22 per share. This represents a $8.88 annualized dividend and a yield of 5.37%. The ex-dividend date was Thursday, December 26th. Vail Resorts’s payout ratio is presently 147.51%.

Institutional Trading of Vail Resorts

Several large investors have recently added to or reduced their stakes in MTN. Bamco Inc. NY lifted its stake in shares of Vail Resorts by 2.7% in the 3rd quarter. Bamco Inc. NY now owns 5,185,136 shares of the company’s stock valued at $903,717,000 after purchasing an additional 136,328 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Vail Resorts by 4.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,202,176 shares of the company’s stock valued at $225,348,000 after buying an additional 47,417 shares in the last quarter. The Manufacturers Life Insurance Company lifted its position in shares of Vail Resorts by 8.1% in the third quarter. The Manufacturers Life Insurance Company now owns 686,984 shares of the company’s stock worth $119,734,000 after buying an additional 51,438 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Vail Resorts by 1.3% during the 3rd quarter. Geode Capital Management LLC now owns 649,624 shares of the company’s stock worth $113,252,000 after acquiring an additional 8,422 shares in the last quarter. Finally, First Pacific Advisors LP increased its holdings in shares of Vail Resorts by 12.4% during the 4th quarter. First Pacific Advisors LP now owns 522,285 shares of the company’s stock valued at $97,902,000 after acquiring an additional 57,484 shares during the last quarter. 94.94% of the stock is owned by institutional investors.

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.