Vail Resorts (NYSE:MTN) Stock Price Down 5.1% – Should You Sell?

Vail Resorts, Inc. (NYSE:MTN)’s share price dropped 5.1% on Thursday . The company traded as low as $138.72 and last traded at $136.8160. Approximately 72,592 shares traded hands during trading, a decline of 92% from the average session volume of 860,790 shares. The stock had previously closed at $144.24.

Analysts Set New Price Targets

A number of research analysts have recently commented on MTN shares. BNP Paribas Exane reiterated an “outperform” rating on shares of Vail Resorts in a research report on Tuesday, March 10th. Truist Financial decreased their price objective on shares of Vail Resorts from $212.00 to $195.00 and set a “buy” rating for the company in a research note on Tuesday, June 9th. Barclays cut their price target on shares of Vail Resorts from $138.00 to $119.00 and set an “underweight” rating on the stock in a report on Tuesday, June 9th. Deutsche Bank Aktiengesellschaft reduced their price objective on Vail Resorts from $143.00 to $134.00 and set a “hold” rating on the stock in a report on Tuesday, June 9th. Finally, Stifel Nicolaus reduced their price target on shares of Vail Resorts from $172.00 to $167.00 and set a “buy” rating for the company in a report on Tuesday, June 9th. Five analysts have rated the stock with a Buy rating, six have given a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, Vail Resorts presently has a consensus rating of “Hold” and an average target price of $151.45.

Vail Resorts Stock Performance

The company has a debt-to-equity ratio of 3.22, a current ratio of 0.91 and a quick ratio of 0.79. The firm has a market cap of $4.78 billion, a price-to-earnings ratio of 30.61, a P/E/G ratio of 13.36 and a beta of 0.72. The firm has a fifty day simple moving average of $130.30 and a two-hundred day simple moving average of $135.21.

Vail Resorts (NYSE:MTN) last posted its quarterly earnings results on Monday, June 8th. The company reported $8.81 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $8.97 by ($0.16). Vail Resorts had a return on equity of 21.88% and a net margin of 5.38%.The company had revenue of $1.21 billion during the quarter, compared to analysts’ expectations of $1.20 billion. During the same period in the prior year, the business posted $10.54 EPS. The company’s quarterly revenue was down 7.0% on a year-over-year basis. On average, analysts expect that Vail Resorts, Inc. will post 4.31 EPS for the current year.

Vail Resorts Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 9th. Stockholders of record on Thursday, June 25th will be paid a dividend of $2.22 per share. The ex-dividend date of this dividend is Thursday, June 25th. This represents a $8.88 dividend on an annualized basis and a dividend yield of 6.6%. Vail Resorts’s payout ratio is currently 201.82%.

Institutional Trading of Vail Resorts

Institutional investors have recently made changes to their positions in the company. Bamco Inc. NY raised its position in shares of Vail Resorts by 4.1% in the third quarter. Bamco Inc. NY now owns 5,702,692 shares of the company’s stock valued at $852,952,000 after buying an additional 227,143 shares during the last quarter. Capital International Investors grew its stake in shares of Vail Resorts by 1.5% in the third quarter. Capital International Investors now owns 5,002,662 shares of the company’s stock valued at $748,248,000 after buying an additional 74,528 shares in the last quarter. Capital World Investors increased its stake in Vail Resorts by 6.1% during the fourth quarter. Capital World Investors now owns 3,196,445 shares of the company’s stock worth $424,488,000 after purchasing an additional 182,982 shares during the period. Oasis Management Co Ltd. lifted its holdings in Vail Resorts by 8.3% during the 4th quarter. Oasis Management Co Ltd. now owns 1,851,234 shares of the company’s stock worth $245,844,000 after buying an additional 141,500 shares in the last quarter. Finally, The Manufacturers Life Insurance Company boosted its holdings in Vail Resorts by 26.0% in the first quarter. The Manufacturers Life Insurance Company now owns 976,732 shares of the company’s stock valued at $125,334,000 after purchasing an additional 201,750 shares during the period. 94.90% of the stock is owned by institutional investors and hedge funds.

Vail Resorts Company Profile

Vail Resorts, Inc is a leading mountain resort company that owns and operates an integrated network of ski areas, hotels, restaurants and retail outlets. The company’s signature Epic Pass program offers skiers and snowboarders season‐long access to its portfolio of resorts, while ancillary services such as ski and snowboard schools, equipment rental and retail drive additional revenue.

Headquartered in Broomfield, Colorado, Vail Resorts was formed in 1997, building on the legacy of Vail Associates, which opened the Vail ski area in 1962.