Vail Resorts, Inc. (NYSE:MTN) has received an average recommendation of “Buy” from the ten research firms that are covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $286.50.
MTN has been the subject of several analyst reports. Zacks Investment Research upgraded Vail Resorts from a “hold” rating to a “buy” rating and set a $319.00 price target for the company in a report on Friday, July 13th. Berenberg Bank upgraded Vail Resorts from a “hold” rating to a “buy” rating in a report on Monday, October 29th. ValuEngine upgraded Vail Resorts from a “hold” rating to a “buy” rating in a report on Tuesday, October 2nd. Macquarie downgraded Vail Resorts from an “outperform” rating to a “neutral” rating and set a $300.00 price target for the company. in a report on Wednesday, September 5th. They noted that the move was a valuation call. Finally, KeyCorp boosted their price target on Vail Resorts from $290.00 to $300.00 and gave the company an “overweight” rating in a report on Monday, October 1st.
In related news, EVP Kirsten A. Lynch sold 9,078 shares of the stock in a transaction on Tuesday, October 2nd. The stock was sold at an average price of $263.06, for a total value of $2,388,058.68. Following the completion of the sale, the executive vice president now directly owns 34,641 shares in the company, valued at approximately $9,112,661.46. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Peter A. Vaughn sold 400 shares of the stock in a transaction on Thursday, October 4th. The shares were sold at an average price of $254.59, for a total value of $101,836.00. The disclosure for this sale can be found here. 2.90% of the stock is currently owned by corporate insiders.
Large investors have recently bought and sold shares of the business. Harvest Fund Management Co. Ltd boosted its position in Vail Resorts by 144.3% in the 3rd quarter. Harvest Fund Management Co. Ltd now owns 386 shares of the company’s stock valued at $106,000 after buying an additional 228 shares during the last quarter. Almanack Investment Partners LLC. purchased a new position in Vail Resorts in the 2nd quarter valued at about $122,000. Tower Research Capital LLC TRC boosted its position in Vail Resorts by 56.0% in the 2nd quarter. Tower Research Capital LLC TRC now owns 504 shares of the company’s stock valued at $138,000 after buying an additional 181 shares during the last quarter. Hirtle Callaghan & Co LLC bought a new position in shares of Vail Resorts during the second quarter worth about $192,000. Finally, FDx Advisors Inc. bought a new position in shares of Vail Resorts during the second quarter worth about $206,000. 95.79% of the stock is owned by institutional investors.
MTN traded up $4.99 during trading on Friday, hitting $263.95. The company’s stock had a trading volume of 20,280 shares, compared to its average volume of 444,028. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.76 and a current ratio of 0.91. The company has a market capitalization of $10.40 billion, a PE ratio of 42.03 and a beta of 0.53. Vail Resorts has a twelve month low of $200.68 and a twelve month high of $302.76.
Vail Resorts (NYSE:MTN) last issued its quarterly earnings results on Friday, September 28th. The company reported ($2.07) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($2.26) by $0.19. The company had revenue of $211.60 million during the quarter, compared to the consensus estimate of $211.60 million. Vail Resorts had a return on equity of 14.43% and a net margin of 18.89%. Vail Resorts’s revenue was up 1.2% on a year-over-year basis. During the same period in the previous year, the firm posted ($1.43) EPS. As a group, equities research analysts forecast that Vail Resorts will post 7.79 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, October 26th. Stockholders of record on Tuesday, October 9th were issued a dividend of $1.47 per share. The ex-dividend date of this dividend was Friday, October 5th. This represents a $5.88 dividend on an annualized basis and a dividend yield of 2.23%. Vail Resorts’s payout ratio is 93.48%.
About Vail Resorts
Vail Resorts, Inc, through its subsidiaries, operates mountain resorts and urban ski areas in the United States. The company operates through three segments: Mountain, Lodging, and Real Estate. The Mountain segment operates 11 mountain resorts, including Vail Mountain, Breckenridge Ski, Keystone, and Beaver Creek resorts in Colorado; Park City resort in Utah; Heavenly Mountain, Northstar, and Kirkwood Mountain resorts in the Lake Tahoe area of California and Nevada; Whistler Blackcomb in Canada; Stowe Mountain resort in Vermont; and Perisher in Australia, as well as 3 urban ski areas, such as Wilmot Mountain in Wisconsin, Afton Alps in Minnesota, and Mount Brighton in Michigan.
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