Vail Resorts (NYSE:MTN) PT Lowered to $243.00

Vail Resorts (NYSE:MTN) had its price target trimmed by JPMorgan Chase & Co. from $252.00 to $243.00 in a report published on Monday, Benzinga reports. The firm currently has a neutral rating on the stock.

Several other research analysts have also commented on the stock. Bank of America lowered shares of Vail Resorts from a buy rating to a neutral rating and decreased their price objective for the stock from $285.00 to $250.00 in a report on Friday, March 8th. Mizuho assumed coverage on shares of Vail Resorts in a report on Tuesday, March 26th. They issued a buy rating and a $256.00 price objective for the company. Morgan Stanley upped their price objective on shares of Vail Resorts from $247.00 to $248.00 and gave the stock an equal weight rating in a report on Thursday, March 7th. Stifel Nicolaus restated a buy rating and issued a $263.00 price objective on shares of Vail Resorts in a report on Friday, March 22nd. Finally, Truist Financial restated a buy rating and issued a $290.00 price objective 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 assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of Hold and a consensus price target of $260.11.

Vail Resorts Trading Down 1.6 %

NYSE:MTN opened at $201.38 on Monday. The company has a fifty day moving average of $223.63 and a 200 day moving average of $221.05. Vail Resorts has a 52 week low of $200.21 and a 52 week high of $258.13. 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 firm has a market capitalization of $7.65 billion, a P/E ratio of 33.62, a P/E/G ratio of 2.23 and a beta of 1.11.

Vail Resorts (NYSE:MTN) last posted its quarterly earnings results on Monday, March 11th. The company reported $5.76 EPS for the quarter, missing analysts’ consensus estimates of $6.07 by ($0.31). Vail Resorts had a net margin of 8.44% and a return on equity of 19.16%. The firm had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.15 billion. During the same quarter in the prior year, the company earned $5.16 earnings per share. The company’s quarterly revenue was down 2.2% compared to the same quarter last year. On average, research analysts predict that Vail Resorts will post 7.64 earnings per share for the current year.

Vail Resorts Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 11th. Stockholders of record on Thursday, March 28th were given a $2.22 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This is an increase from Vail Resorts’s previous quarterly dividend of $2.06. This represents a $8.88 dividend on an annualized basis and a dividend yield of 4.41%. Vail Resorts’s dividend payout ratio is currently 148.25%.

Insider Transactions at Vail Resorts

In other news, Director Peter A. Vaughn sold 1,000 shares of the company’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $222.77, for a total value of $222,770.00. Following the sale, the director now directly owns 7,592 shares of the company’s stock, valued at approximately $1,691,269.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.20% of the company’s stock.

Institutional Trading of Vail Resorts

Several institutional investors have recently bought and sold shares of MTN. Pittenger & Anderson Inc. grew its position in Vail Resorts by 125.0% during the 3rd quarter. Pittenger & Anderson Inc. now owns 117 shares of the company’s stock valued at $26,000 after purchasing an additional 65 shares during the last quarter. Park Place Capital Corp grew its position in Vail Resorts by 531.6% during the 4th quarter. Park Place Capital Corp now owns 120 shares of the company’s stock valued at $26,000 after purchasing an additional 101 shares during the last quarter. Rise Advisors LLC grew its position in Vail Resorts by 62.2% during the 4th quarter. Rise Advisors LLC now owns 159 shares of the company’s stock valued at $34,000 after purchasing an additional 61 shares during the last quarter. Quarry LP purchased a new stake in Vail Resorts during the 4th quarter valued at about $35,000. Finally, Desjardins Global Asset Management Inc. grew its position in Vail Resorts by 70.4% during the 4th quarter. Desjardins Global Asset Management Inc. now owns 167 shares of the company’s stock valued at $36,000 after purchasing an additional 69 shares during the last quarter. 94.94% of the stock is owned by hedge funds and other institutional investors.

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.