Vail Resorts, Inc. (NYSE:MTN) Receives $205.90 Consensus PT from Analysts

Shares of Vail Resorts, Inc. (NYSE:MTN) have earned a consensus recommendation of “Hold” from the ten analysts that are presently covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, five have given a hold recommendation and three have given a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $205.90.

Several brokerages have commented on MTN. StockNews.com cut shares of Vail Resorts from a “hold” rating to a “sell” rating in a research report on Tuesday, November 12th. Morgan Stanley lifted their target price on Vail Resorts from $179.00 to $182.00 and gave the company an “equal weight” rating in a research note on Wednesday, September 25th. Macquarie reissued a “neutral” rating and issued a $180.00 price target on shares of Vail Resorts in a research note on Wednesday, October 2nd. Stifel Nicolaus reduced their target price on Vail Resorts from $223.00 to $216.00 and set a “buy” rating for the company in a report on Friday, September 27th. Finally, Deutsche Bank Aktiengesellschaft reduced their target price on Vail Resorts from $218.00 to $194.00 and set a “hold” rating for the company in a report on Monday, September 16th.

Vail Resorts Stock Performance

MTN stock opened at $184.32 on Wednesday. The company has a debt-to-equity ratio of 2.62, a quick ratio of 0.71 and a current ratio of 0.82. The stock has a market capitalization of $6.91 billion, a price-to-earnings ratio of 30.57, a PEG ratio of 1.67 and a beta of 1.13. Vail Resorts has a 1 year low of $165.00 and a 1 year high of $236.92. The stock’s fifty day moving average is $175.50 and its two-hundred day moving average is $180.05.

Vail Resorts (NYSE:MTN) last posted its 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 during the quarter, compared to the consensus estimate of $264.84 million. During the same quarter in the previous year, the business posted ($3.35) earnings per share. The business’s quarterly revenue was down 1.6% compared to the same quarter last year. On average, research analysts predict that Vail Resorts will post 7.27 EPS for the current year.

Vail Resorts Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, October 24th. Shareholders of record on Tuesday, October 8th were given a $2.22 dividend. This represents a $8.88 dividend on an annualized basis and a yield of 4.82%. The ex-dividend date was Tuesday, October 8th. Vail Resorts’s dividend payout ratio (DPR) is 147.26%.

Insider Transactions at Vail Resorts

In related news, insider Robert A. Katz sold 9,296 shares of the stock in a transaction dated Wednesday, October 2nd. The stock was sold at an average price of $175.98, for a total transaction of $1,635,910.08. Following the completion of the transaction, the insider now directly owns 245,961 shares in the company, valued at approximately $43,284,216.78. This trade represents a 3.64 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director John F. Sorte sold 1,670 shares of the stock in a transaction dated Wednesday, October 2nd. The stock was sold at an average price of $173.07, for a total value of $289,026.90. Following the transaction, the director now owns 45,111 shares of the company’s stock, valued at approximately $7,807,360.77. The trade was a 3.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.20% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. Signaturefd LLC grew its stake in Vail Resorts by 150.9% in 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 bought a new position in Vail Resorts in the third quarter valued at approximately $25,000. Capital Performance Advisors LLP bought a new position in Vail Resorts in the third quarter valued at approximately $25,000. Brown Brothers Harriman & Co. grew its stake in Vail Resorts by 318.8% in the second quarter. Brown Brothers Harriman & Co. now owns 201 shares of the company’s stock valued at $36,000 after purchasing an additional 153 shares in the last quarter. Finally, UMB Bank n.a. grew its stake in Vail Resorts by 123.5% in the third quarter. UMB Bank n.a. now owns 219 shares of the company’s stock valued at $38,000 after purchasing an additional 121 shares in the last quarter. 94.94% of the stock is currently 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.