Vail Resorts (NYSE:MTN) Hits New 1-Year Low After Analyst Downgrade

Shares of Vail Resorts, Inc. (NYSE:MTN) reached a new 52-week low during mid-day trading on Monday after Morgan Stanley lowered their price target on the stock from $242.00 to $229.00. Morgan Stanley currently has an equal weight rating on the stock. Vail Resorts traded as low as $200.51 and last traded at $200.84, with a volume of 124885 shares. The stock had previously closed at $202.94.

Other equities analysts have also recently issued research reports about the company. Bank of America cut Vail Resorts from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $285.00 to $250.00 in a report on Friday, March 8th. JPMorgan Chase & Co. reduced their price target on Vail Resorts from $252.00 to $243.00 and set a “neutral” rating for the company in a report on Monday. Stifel Nicolaus reiterated a “buy” rating and set a $263.00 price target on shares of Vail Resorts in a report on Friday, March 22nd. Mizuho assumed coverage on Vail Resorts in a report on Tuesday, March 26th. They set a “buy” rating and a $256.00 price target for the company. Finally, Truist Financial reiterated a “buy” rating and set a $290.00 price target on shares of Vail Resorts in a report on Friday, January 19th. Five analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $260.11.

Insider Buying and Selling at Vail Resorts

In other Vail Resorts news, Director Peter A. Vaughn sold 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $222.77, for a total transaction of $222,770.00. Following the completion of the transaction, the director now directly owns 7,592 shares in the company, valued at $1,691,269.84. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 1.20% of the company’s stock.

Institutional Trading of Vail Resorts

A number of hedge funds and other institutional investors have recently modified their holdings of MTN. Pittenger & Anderson Inc. grew its stake in shares of Vail Resorts by 125.0% in the third quarter. Pittenger & Anderson Inc. now owns 117 shares of the company’s stock worth $26,000 after purchasing an additional 65 shares during the last quarter. Park Place Capital Corp grew its stake in shares of Vail Resorts by 531.6% in the fourth quarter. Park Place Capital Corp now owns 120 shares of the company’s stock worth $26,000 after purchasing an additional 101 shares during the last quarter. Rise Advisors LLC grew its stake in shares of Vail Resorts by 62.2% in the fourth quarter. Rise Advisors LLC now owns 159 shares of the company’s stock worth $34,000 after purchasing an additional 61 shares during the last quarter. Quarry LP bought a new stake in shares of Vail Resorts in the fourth quarter worth $35,000. Finally, Desjardins Global Asset Management Inc. grew its stake in shares of Vail Resorts by 70.4% in the fourth quarter. Desjardins Global Asset Management Inc. now owns 167 shares of the company’s stock worth $36,000 after purchasing an additional 69 shares during the last quarter. Institutional investors own 94.94% of the company’s stock.

Vail Resorts Trading Up 1.0 %

The company has a quick ratio of 0.85, a current ratio of 0.96 and a debt-to-equity ratio of 2.37. The company has a market cap of $7.78 billion, a P/E ratio of 34.19, a PEG ratio of 2.17 and a beta of 1.11. The firm’s 50 day moving average is $224.09 and its two-hundred day moving average is $221.19.

Vail Resorts (NYSE:MTN) last issued its quarterly earnings data on Monday, March 11th. The company reported $5.76 earnings per share for the quarter, missing the consensus estimate of $6.07 by ($0.31). The business had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.15 billion. Vail Resorts had a return on equity of 19.16% and a net margin of 8.44%. The business’s revenue for the quarter was down 2.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $5.16 EPS. As a group, equities research analysts anticipate that Vail Resorts, Inc. will post 7.69 EPS for the current year.

Vail Resorts Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, April 11th. Shareholders of record on Thursday, March 28th were given a dividend of $2.22 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $8.88 dividend on an annualized basis and a yield of 4.34%. This is a boost from Vail Resorts’s previous quarterly dividend of $2.06. Vail Resorts’s dividend payout ratio is 148.25%.

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.