Stifel Nicolaus Trims Vail Resorts (NYSE:MTN) Target Price to $259.00

Vail Resorts (NYSE:MTNFree Report) had its target price lowered by Stifel Nicolaus from $262.00 to $259.00 in a research report sent to investors on Friday morning, Benzinga reports. The firm currently has a buy rating on the stock.

Several other equities research analysts have also issued reports on the stock. Morgan Stanley lowered their target price on shares of Vail Resorts from $242.00 to $229.00 and set an equal weight rating for the company in a report on Monday, April 22nd. Mizuho assumed coverage on Vail Resorts in a research report on Tuesday, March 26th. They set a buy rating and a $256.00 target price for the company. JPMorgan Chase & Co. downgraded Vail Resorts from a neutral rating to an underweight rating and reduced their price target for the stock from $217.00 to $176.00 in a report on Friday. Deutsche Bank Aktiengesellschaft dropped their price objective on Vail Resorts from $244.00 to $226.00 in a report on Thursday. Finally, Bank of America lowered Vail Resorts from a buy rating to a neutral rating and reduced their target price for the stock from $285.00 to $250.00 in a research note on Friday, March 8th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of Hold and an average price target of $232.56.

View Our Latest Report on Vail Resorts

Vail Resorts Stock Down 10.3 %

Shares of NYSE MTN opened at $173.91 on Friday. The firm’s 50-day moving average price is $205.22 and its 200-day moving average price is $216.36. The company has a current ratio of 0.96, a quick ratio of 0.85 and a debt-to-equity ratio of 2.37. Vail Resorts has a 12-month low of $165.14 and a 12-month high of $258.13. The stock has a market capitalization of $6.60 billion, a price-to-earnings ratio of 23.66, a P/E/G ratio of 2.13 and a beta of 1.14.

Vail Resorts (NYSE:MTNGet Free Report) last released its quarterly earnings results on Thursday, June 6th. The company reported $9.54 earnings per share for the quarter, missing the consensus estimate of $9.94 by ($0.40). The company had revenue of $1.28 billion for the quarter, compared to analysts’ expectations of $1.31 billion. Vail Resorts had a net margin of 9.59% and a return on equity of 24.36%. On average, equities research analysts anticipate that Vail Resorts will post 7.54 EPS for the current fiscal year.

Vail Resorts Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 10th. Stockholders of record on Tuesday, June 25th will be paid a dividend of $2.22 per share. The ex-dividend date of this dividend is Tuesday, June 25th. This represents a $8.88 annualized dividend and a dividend yield of 5.11%. Vail Resorts’s dividend payout ratio is currently 120.82%.

Insider Activity at Vail Resorts

In other Vail Resorts news, Director Peter A. Vaughn sold 1,000 shares of the stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $222.77, for a total transaction of $222,770.00. Following the transaction, the director now directly owns 7,592 shares in the company, valued at approximately $1,691,269.84. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.20% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Vail Resorts

Hedge funds have recently modified their holdings of the business. Aurora Investment Counsel increased its holdings in Vail Resorts by 1.5% during the first quarter. Aurora Investment Counsel now owns 10,280 shares of the company’s stock valued at $2,291,000 after buying an additional 156 shares during the period. Swedbank AB purchased a new position in shares of Vail Resorts in the 1st quarter valued at $9,486,000. Virtu Financial LLC increased its holdings in shares of Vail Resorts by 114.3% in the 1st quarter. Virtu Financial LLC now owns 7,056 shares of the company’s stock valued at $1,572,000 after acquiring an additional 3,763 shares during the period. Plato Investment Management Ltd raised its position in shares of Vail Resorts by 82,166.7% in the 1st quarter. Plato Investment Management Ltd now owns 2,468 shares of the company’s stock worth $550,000 after acquiring an additional 2,465 shares in the last quarter. Finally, LBP AM SA lifted its stake in shares of Vail Resorts by 126.7% during the 1st quarter. LBP AM SA now owns 4,011 shares of the company’s stock worth $894,000 after purchasing an additional 2,242 shares during the last quarter. Hedge funds and other institutional investors own 94.94% of the company’s stock.

About Vail Resorts

(Get Free Report)

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.

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