Vail Resorts, Inc. (NYSE:MTN) Receives $187.20 Average PT from Brokerages

Vail Resorts, Inc. (NYSE:MTN) has received a consensus rating of “Hold” from the ten analysts that are currently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $187.20.

Several analysts have recently issued reports on MTN shares. Truist Financial decreased their price objective on Vail Resorts from $247.00 to $244.00 and set a “buy” rating on the stock in a report on Friday, June 6th. Bank of America upped their price objective on Vail Resorts from $160.00 to $175.00 and gave the stock a “neutral” rating in a report on Wednesday, May 28th. UBS Group decreased their price objective on Vail Resorts from $185.00 to $169.00 and set a “neutral” rating on the stock in a report on Wednesday, June 11th. Macquarie decreased their price objective on Vail Resorts from $195.00 to $185.00 and set a “neutral” rating on the stock in a report on Wednesday, March 12th. Finally, Barclays reaffirmed an “underweight” rating and set a $152.00 price objective (down from $165.00) on shares of Vail Resorts in a report on Monday, March 10th.

Insiders Place Their Bets

In related news, CFO Angela A. Korch purchased 200 shares of the firm’s stock in a transaction that occurred on Friday, June 20th. The shares were bought at an average price of $157.00 per share, for a total transaction of $31,400.00. Following the acquisition, the chief financial officer owned 3,156 shares of the company’s stock, valued at approximately $495,492. This represents a 6.77% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 1.20% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. SouthState Corp purchased a new stake in Vail Resorts in the 1st quarter valued at about $29,000. Heck Capital Advisors LLC purchased a new stake in Vail Resorts in the 4th quarter valued at about $33,000. Golden State Wealth Management LLC boosted its position in Vail Resorts by 102.5% in the 1st quarter. Golden State Wealth Management LLC now owns 243 shares of the company’s stock valued at $39,000 after buying an additional 123 shares during the period. Alpine Bank Wealth Management purchased a new stake in Vail Resorts in the 1st quarter valued at about $40,000. Finally, GAMMA Investing LLC lifted its position in shares of Vail Resorts by 75.3% in the 1st quarter. GAMMA Investing LLC now owns 270 shares of the company’s stock worth $43,000 after purchasing an additional 116 shares during the period. Hedge funds and other institutional investors own 94.94% of the company’s stock.

Vail Resorts Trading Down 0.4%

MTN stock opened at $163.29 on Thursday. Vail Resorts has a 1-year low of $129.85 and a 1-year high of $199.45. The company has a debt-to-equity ratio of 1.70, a current ratio of 0.61 and a quick ratio of 0.54. The company has a market capitalization of $6.07 billion, a price-to-earnings ratio of 20.88, a PEG ratio of 2.02 and a beta of 0.91. The business has a 50 day simple moving average of $152.58 and a two-hundred day simple moving average of $159.16.

Vail Resorts (NYSE:MTN) last posted its quarterly earnings results on Thursday, June 5th. The company reported $10.54 earnings per share for the quarter, topping the consensus estimate of $10.00 by $0.54. The business had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.31 billion. Vail Resorts had a return on equity of 30.25% and a net margin of 9.81%. The firm’s revenue for the quarter was up 1.0% compared to the same quarter last year. During the same period in the prior year, the company posted $9.54 EPS. Research analysts anticipate that Vail Resorts will post 7.62 EPS for the current fiscal year.

Vail Resorts Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 9th. Investors of record on Tuesday, June 24th will be issued a dividend of $2.22 per share. The ex-dividend date is Tuesday, June 24th. This represents a $8.88 annualized dividend and a yield of 5.44%. Vail Resorts’s payout ratio is presently 113.55%.

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.