Vail Resorts (NYSE:MTN) PT Lowered to $155.00 at Barclays

Vail Resorts (NYSE:MTN) had its price objective reduced by Barclays from $161.00 to $155.00 in a research note published on Friday morning, Benzinga reports. They currently have an underweight rating on the stock.

Several other research analysts have also recently issued reports on MTN. JPMorgan Chase & Co. cut shares of Vail Resorts from a neutral rating to an underweight rating and lowered their target price for the company from $217.00 to $176.00 in a report on Friday, June 7th. Mizuho decreased their price objective on shares of Vail Resorts from $256.00 to $231.00 and set a buy rating for the company in a research note on Friday, June 7th. Deutsche Bank Aktiengesellschaft cut their target price on Vail Resorts from $218.00 to $194.00 and set a hold rating on the stock in a research report on Monday, September 16th. Stifel Nicolaus lowered their target price on shares of Vail Resorts from $223.00 to $216.00 and set a buy rating on the stock in a research report on Friday. Finally, Morgan Stanley upped their price target on shares of Vail Resorts from $179.00 to $182.00 and gave the company an equal weight rating in a research report on Wednesday, September 25th. Three research analysts have rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of Hold and a consensus target price of $211.75.

Vail Resorts Stock Down 3.5 %

Vail Resorts stock opened at $174.29 on Friday. The stock has a market cap of $6.56 billion, a PE ratio of 23.71, a P/E/G ratio of 2.48 and a beta of 1.14. The company has a debt-to-equity ratio of 2.04, a current ratio of 1.18 and a quick ratio of 1.08. The stock’s fifty day moving average is $179.41 and its two-hundred day moving average is $191.18. Vail Resorts has a 1-year low of $165.14 and a 1-year high of $236.92.

Vail Resorts (NYSE:MTN) last issued its earnings results on Thursday, September 26th. The company reported ($4.67) earnings per share for the quarter, missing the consensus estimate of ($4.28) by ($0.39). The business had revenue of $265.39 million for the quarter, compared to analyst estimates of $264.84 million. Vail Resorts had a return on equity of 20.33% and a net margin of 7.99%. Vail Resorts’s revenue was down 1.6% on a year-over-year basis. During the same period last year, the business posted ($3.35) EPS. On average, sell-side analysts expect that Vail Resorts will post 8.16 EPS for the current fiscal year.

Vail Resorts Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 24th. Shareholders of record on Tuesday, October 8th will be issued a $2.22 dividend. The ex-dividend date of this dividend is Tuesday, October 8th. This represents a $8.88 dividend on an annualized basis and a yield of 5.09%. Vail Resorts’s dividend payout ratio (DPR) is presently 120.82%.

Institutional Investors Weigh In On Vail Resorts

A number of hedge funds and other institutional investors have recently modified their holdings of MTN. The Manufacturers Life Insurance Company raised its holdings in Vail Resorts by 673.1% during the second quarter. The Manufacturers Life Insurance Company now owns 635,546 shares of the company’s stock worth $114,481,000 after purchasing an additional 553,337 shares during the last quarter. First Pacific Advisors LP purchased a new position in shares of Vail Resorts in the second quarter valued at $62,466,000. APG Asset Management US Inc. acquired a new position in shares of Vail Resorts during the 4th quarter worth $37,684,000. AQR Capital Management LLC grew its stake in Vail Resorts by 1,063.7% in the 2nd quarter. AQR Capital Management LLC now owns 177,033 shares of the company’s stock valued at $31,767,000 after acquiring an additional 161,820 shares during the last quarter. Finally, TPG GP A LLC grew its stake in Vail Resorts by 17.4% in the 2nd quarter. TPG GP A LLC now owns 899,446 shares of the company’s stock valued at $162,017,000 after acquiring an additional 133,607 shares during the last quarter. 94.94% of the stock is currently owned by institutional investors and hedge funds.

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.