Vail Resorts (NYSE:MTN) Stock Passes Above 200-Day Moving Average – What’s Next?

Vail Resorts, Inc. (NYSE:MTN)’s share price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $179.01 and traded as high as $191.42. Vail Resorts shares last traded at $187.45, with a volume of 404,345 shares trading hands.

Analyst Upgrades and Downgrades

MTN has been the topic of a number of research analyst reports. StockNews.com raised shares of Vail Resorts from a “sell” rating to a “hold” rating in a report on Friday, December 13th. Deutsche Bank Aktiengesellschaft increased their target price on Vail Resorts from $185.00 to $196.00 and gave the company a “hold” rating in a research note on Monday, December 9th. Barclays lifted their price target on Vail Resorts from $155.00 to $165.00 and gave the stock an “underweight” rating in a research note on Tuesday, December 10th. Macquarie increased their price objective on Vail Resorts from $180.00 to $195.00 and gave the company a “neutral” rating in a research report on Wednesday, December 11th. Finally, Mizuho boosted their target price on Vail Resorts from $222.00 to $227.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 10th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $205.50.

Vail Resorts Stock Performance

The company has a debt-to-equity ratio of 3.64, a current ratio of 0.63 and a quick ratio of 0.71. The stock has a market cap of $7.02 billion, a PE ratio of 31.14, a price-to-earnings-growth ratio of 2.22 and a beta of 1.14. The business has a 50 day moving average price of $181.84 and a two-hundred day moving average price of $179.07.

Vail Resorts (NYSE:MTN) last announced its quarterly earnings results on Monday, December 9th. The company reported ($4.61) earnings per share for the quarter, beating the consensus estimate of ($4.99) by $0.38. Vail Resorts had a net margin of 8.07% and a return on equity of 21.90%. The business had revenue of $260.28 million during the quarter, compared to analysts’ expectations of $251.45 million. During the same quarter in the prior year, the company posted ($4.60) EPS. The firm’s revenue for the quarter was up .7% compared to the same quarter last year. As a group, equities research analysts forecast that Vail Resorts, Inc. will post 7.49 EPS for the current fiscal year.

Vail Resorts Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 9th. Investors of record on Thursday, December 26th will be issued a dividend of $2.22 per share. The ex-dividend date is Thursday, December 26th. This represents a $8.88 dividend on an annualized basis and a yield of 4.74%. Vail Resorts’s dividend payout ratio is presently 147.51%.

Hedge Funds Weigh In On Vail Resorts

Hedge funds and other institutional investors have recently made changes to their positions in the business. Signaturefd LLC raised its stake in Vail Resorts by 150.9% in the second quarter. Signaturefd LLC now owns 138 shares of the company’s stock worth $25,000 after buying an additional 83 shares in the last quarter. V Square Quantitative Management LLC purchased a new position in shares of Vail Resorts during the 3rd quarter worth approximately $25,000. Capital Performance Advisors LLP bought a new position in shares of Vail Resorts in the 3rd quarter worth approximately $25,000. Brown Brothers Harriman & Co. lifted its stake 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 purchasing an additional 153 shares during the period. Finally, UMB Bank n.a. boosted its position in shares of Vail Resorts by 123.5% during 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. 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.