Vail Resorts (NYSE:MTN) PT Lowered to $231.00

Vail Resorts (NYSE:MTN – Get Rating) had its target price lowered by JPMorgan Chase & Co. from $262.00 to $231.00 in a research note issued to investors on Friday morning, Benzinga reports. The brokerage currently has a neutral rating on the stock.

Several other analysts have also recently issued reports on the company. Stifel Nicolaus cut their target price on Vail Resorts from $261.00 to $238.00 in a research report on Friday. Barclays decreased their price target on Vail Resorts from $232.00 to $222.00 and set an underweight rating for the company in a research note on Friday. Bank of America decreased their target price on Vail Resorts from $275.00 to $250.00 in a research report on Friday. Truist Financial dropped their target price on Vail Resorts from $292.00 to $262.00 and set a hold rating on the stock in a research note on Friday. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on Vail Resorts from $289.00 to $269.00 in a research note on Friday. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, Vail Resorts has an average rating of Hold and an average price target of $263.13.

Vail Resorts Trading Down 2.2 %

NYSE MTN opened at $216.22 on Friday. Vail Resorts has a 12 month low of $201.91 and a 12 month high of $273.43. The stock has a market cap of $8.72 billion, a P/E ratio of 26.30, a P/E/G ratio of 4.91 and a beta of 1.19. The stock’s fifty day moving average price is $247.07 and its 200-day moving average price is $236.96. The company has a current ratio of 1.37, a quick ratio of 1.27 and a debt-to-equity ratio of 1.57.

Vail Resorts (NYSE:MTN – Get Rating) last announced its quarterly earnings results on Thursday, March 9th. The company reported $5.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $6.19 by ($1.03). Vail Resorts had a net margin of 11.88% and a return on equity of 18.53%. The business had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.07 billion. During the same period in the previous year, the company earned $5.47 earnings per share. The company’s revenue for the quarter was up 21.5% compared to the same quarter last year. As a group, equities analysts forecast that Vail Resorts will post 8.93 EPS for the current fiscal year.

Vail Resorts Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 11th. Stockholders of record on Monday, March 27th will be paid a $2.06 dividend. This is a boost from Vail Resorts’s previous quarterly dividend of $1.91. This represents a $8.24 annualized dividend and a dividend yield of 3.81%. The ex-dividend date of this dividend is Friday, March 24th. Vail Resorts’s dividend payout ratio (DPR) is presently 92.94%.

Institutional Trading of Vail Resorts

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. First Horizon Advisors Inc. grew its holdings in shares of Vail Resorts by 66.7% during the fourth quarter. First Horizon Advisors Inc. now owns 145 shares of the company’s stock worth $35,000 after purchasing an additional 58 shares during the last quarter. Raleigh Capital Management Inc. acquired a new stake in Vail Resorts in the second quarter valued at about $51,000. Natixis acquired a new stake in shares of Vail Resorts during the 4th quarter valued at approximately $52,000. Spire Wealth Management lifted its position in shares of Vail Resorts by 110.1% during the 4th quarter. Spire Wealth Management now owns 229 shares of the company’s stock valued at $55,000 after acquiring an additional 120 shares during the period. Finally, Guardian Wealth Advisors LLC acquired a new stake in shares of Vail Resorts during the 3rd quarter valued at approximately $67,000. 94.12% of the stock is currently owned by institutional investors and hedge funds.

Vail Resorts Company Profile

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Vail Resorts, Inc is a holding company, which engages in the operation of mountain resorts. It operates through the following segments: Mountain, Lodging, and Real Estate. The Mountain segment covers the operation of mountain resorts or ski areas, and related activities. The Lodging segment includes ownership of hotels, RockResorts, NPS concessionaire properties, condominium management, Colorado resort ground transportation operations, and mountain resort golf operations.