Vail Resorts, Inc. (NYSE:MTN) Receives $221.50 Average Target Price from Analysts

Vail Resorts, Inc. (NYSE:MTN) has earned an average rating of “Hold” from the eight research firms that are covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and three have issued a buy recommendation on the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $221.50.

Several brokerages have issued reports on MTN. Barclays dropped their target price on shares of Vail Resorts from $201.00 to $161.00 and set an “underweight” rating on the stock in a report on Friday, June 7th. Bank of America downgraded shares of Vail Resorts from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $285.00 to $250.00 in a research note on Friday, March 8th. Deutsche Bank Aktiengesellschaft dropped their target price on Vail Resorts from $244.00 to $226.00 in a research report on Thursday, June 6th. Morgan Stanley reduced their price target on Vail Resorts from $229.00 to $179.00 and set an “equal weight” rating for the company in a research report on Friday, June 7th. Finally, Stifel Nicolaus dropped their price objective on Vail Resorts from $262.00 to $259.00 and set a “buy” rating on the stock in a research report on Friday, June 7th.

Vail Resorts Stock Performance

Vail Resorts stock opened at $179.00 on Friday. The company has a debt-to-equity ratio of 2.04, a quick ratio of 1.08 and a current ratio of 1.18. The company has a market capitalization of $6.73 billion, a PE ratio of 24.35, a P/E/G ratio of 2.92 and a beta of 1.14. The company has a 50 day moving average price of $191.16 and a 200-day moving average price of $211.97. Vail Resorts has a fifty-two week low of $165.14 and a fifty-two week high of $254.78.

Vail Resorts (NYSE:MTN) last issued its 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 firm had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $1.31 billion. Vail Resorts had a return on equity of 23.41% and a net margin of 9.59%. As a group, equities analysts forecast that Vail Resorts will post 6.48 earnings per share for the current year.

Vail Resorts Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 10th. Investors of record on Tuesday, June 25th will be issued a $2.22 dividend. The ex-dividend date is Tuesday, June 25th. This represents a $8.88 annualized dividend and a yield of 4.96%. Vail Resorts’s dividend payout ratio (DPR) is presently 120.82%.

Insider Buying and Selling at Vail Resorts

In other Vail Resorts news, CFO Angela A. Korch bought 575 shares of Vail Resorts stock in a transaction that occurred on Monday, June 10th. The stock was purchased at an average price of $176.20 per share, with a total value of $101,315.00. Following the completion of the acquisition, the chief financial officer now directly owns 1,171 shares in the company, valued at approximately $206,330.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 1.20% of the company’s stock.

Institutional Investors Weigh In On Vail Resorts

Hedge funds and other institutional investors have recently made changes to their positions in the company. Bamco Inc. NY increased its holdings in Vail Resorts by 1.1% in the third quarter. Bamco Inc. NY now owns 4,721,214 shares of the company’s stock valued at $1,047,590,000 after buying an additional 51,630 shares in the last quarter. Principal Financial Group Inc. increased its position in shares of Vail Resorts by 1.0% in the first quarter. Principal Financial Group Inc. now owns 1,807,277 shares of the company’s stock valued at $402,716,000 after buying an additional 17,432 shares in the last quarter. Nordea Investment Management AB raised its stake in shares of Vail Resorts by 5.9% during the 1st quarter. Nordea Investment Management AB now owns 441,749 shares of the company’s stock worth $98,470,000 after buying an additional 24,456 shares during the period. Norges Bank purchased a new position in shares of Vail Resorts during the 4th quarter valued at approximately $85,704,000. Finally, Northern Trust Corp grew its stake in Vail Resorts by 42.3% in the 3rd quarter. Northern Trust Corp now owns 375,072 shares of the company’s stock valued at $83,225,000 after acquiring an additional 111,487 shares during the period. Institutional investors and hedge funds own 94.94% of the company’s stock.

About Vail Resorts

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.