Shares of Vail Resorts, Inc. (NYSE:MTN - Get Free Report) have received an average recommendation of "Hold" from the ten research firms that are presently covering the stock, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation, five have given a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $205.50.
A number of analysts have recently issued reports on the stock. Truist Financial reduced their price objective on shares of Vail Resorts from $250.00 to $247.00 and set a "buy" rating for the company in a research note on Tuesday, December 10th. Barclays increased their price target on Vail Resorts from $155.00 to $165.00 and gave the stock an "underweight" rating in a research note on Tuesday, December 10th. Stifel Nicolaus boosted their price objective on Vail Resorts from $216.00 to $217.00 and gave the company a "buy" rating in a research report on Tuesday, December 10th. UBS Group began coverage on Vail Resorts in a research report on Thursday, November 14th. They set a "neutral" rating and a $185.00 target price for the company. Finally, StockNews.com raised Vail Resorts from a "sell" rating to a "hold" rating in a report on Friday.
Get Our Latest Report on MTN
In related news, insider Robert A. Katz sold 9,296 shares of the firm's stock in a transaction on Wednesday, October 2nd. The stock was sold at an average price of $175.98, for a total value of $1,635,910.08. Following the completion of the sale, the insider now directly owns 245,961 shares in the company, valued at $43,284,216.78. This trade represents a 3.64 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Angela A. Korch acquired 165 shares of the business's stock in a transaction on Thursday, October 3rd. The shares were purchased at an average price of $173.09 per share, for a total transaction of $28,559.85. Following the transaction, the chief financial officer now directly owns 2,187 shares of the company's stock, valued at approximately $378,547.83. The trade was a 8.16 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 1.20% of the company's stock.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Commonwealth Equity Services LLC grew its stake in shares of Vail Resorts by 507.3% during the second quarter. Commonwealth Equity Services LLC now owns 11,380 shares of the company's stock valued at $2,050,000 after buying an additional 9,506 shares during the last quarter. AQR Capital Management LLC boosted its holdings in Vail Resorts by 1,063.7% during 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 period. River Road Asset Management LLC grew its position in Vail Resorts by 606.6% in the 3rd quarter. River Road Asset Management LLC now owns 341,311 shares of the company's stock valued at $59,487,000 after acquiring an additional 293,006 shares during the last quarter. Point72 Hong Kong Ltd purchased a new stake in Vail Resorts in the third quarter worth $12,577,000. Finally, First Pacific Advisors LP purchased a new stake in Vail Resorts in the second quarter worth $62,466,000. 94.94% of the stock is owned by hedge funds and other institutional investors.
NYSE:MTN opened at $190.42 on Friday. The company has a debt-to-equity ratio of 3.64, a quick ratio of 0.71 and a current ratio of 0.63. The stock has a 50-day simple moving average of $177.35 and a two-hundred day simple moving average of $178.78. The firm has a market capitalization of $7.13 billion, a PE ratio of 31.63, a P/E/G ratio of 2.22 and a beta of 1.14. Vail Resorts has a 52-week low of $165.00 and a 52-week high of $236.92.
Vail Resorts (NYSE:MTN - Get Free Report) last announced its quarterly earnings data on Monday, December 9th. The company reported ($4.61) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($4.99) by $0.38. The company had revenue of $260.28 million during the quarter, compared to the consensus estimate of $251.45 million. Vail Resorts had a return on equity of 21.90% and a net margin of 8.07%. The firm's revenue was up .7% on a year-over-year basis. During the same period in the previous year, the company posted ($4.60) EPS. Analysts forecast that Vail Resorts will post 7.49 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 9th. Investors of record on Thursday, December 26th will be paid a dividend of $2.22 per share. This represents a $8.88 dividend on an annualized basis and a yield of 4.66%. The ex-dividend date is Thursday, December 26th. Vail Resorts's payout ratio is 147.51%.
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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