Vail Resorts (NYSE:MTN) had its price objective lifted by Stifel Nicolaus from $215.00 to $219.00 in a research note issued to investors on Monday. They currently have a hold rating on the stock.
A number of other brokerages have also commented on MTN. Barclays decreased their target price on Vail Resorts from $290.00 to $280.00 and set an overweight rating for the company in a research report on Monday, December 10th. Zacks Investment Research lowered Vail Resorts from a hold rating to a sell rating in a research report on Tuesday, December 11th. Deutsche Bank set a $297.00 target price on Vail Resorts and gave the company a buy rating in a research report on Saturday, December 8th. ValuEngine lowered Vail Resorts from a buy rating to a hold rating in a research report on Wednesday, January 2nd. Finally, KeyCorp boosted their target price on Vail Resorts from $210.00 to $225.00 and gave the company an overweight rating in a research report on Wednesday, March 6th. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock has a consensus rating of Buy and a consensus price target of $273.13.
Shares of Vail Resorts stock opened at $214.38 on Monday. Vail Resorts has a one year low of $179.60 and a one year high of $302.76. The stock has a market capitalization of $8.80 billion, a P/E ratio of 34.08 and a beta of 0.65. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.55 and a quick ratio of 0.35.
Vail Resorts (NYSE:MTN) last issued its earnings results on Friday, March 8th. The company reported $5.02 EPS for the quarter, beating analysts’ consensus estimates of $4.79 by $0.23. Vail Resorts had a return on equity of 15.93% and a net margin of 12.76%. The business had revenue of $849.60 million during the quarter, compared to analyst estimates of $841.76 million. During the same period in the previous year, the company posted $4.12 EPS. The firm’s revenue was up 15.7% compared to the same quarter last year. Analysts expect that Vail Resorts will post 7.12 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 11th. Shareholders of record on Wednesday, March 27th will be issued a dividend of $1.76 per share. This is a positive change from Vail Resorts’s previous quarterly dividend of $1.47. This represents a $7.04 dividend on an annualized basis and a yield of 3.28%. The ex-dividend date is Tuesday, March 26th. Vail Resorts’s payout ratio is currently 93.48%.
Institutional investors and hedge funds have recently modified their holdings of the business. Highwater Wealth Management LLC bought a new stake in Vail Resorts during the 4th quarter worth approximately $32,000. Exane Derivatives increased its holdings in Vail Resorts by 3,080.0% during the 4th quarter. Exane Derivatives now owns 159 shares of the company’s stock worth $34,000 after purchasing an additional 154 shares in the last quarter. Westside Investment Management Inc. increased its holdings in Vail Resorts by 700.0% during the 4th quarter. Westside Investment Management Inc. now owns 200 shares of the company’s stock worth $42,000 after purchasing an additional 175 shares in the last quarter. Oakworth Capital Inc. increased its holdings in Vail Resorts by 100.0% during the 4th quarter. Oakworth Capital Inc. now owns 200 shares of the company’s stock worth $42,000 after purchasing an additional 100 shares in the last quarter. Finally, Flagship Harbor Advisors LLC increased its holdings in Vail Resorts by 526.7% during the 4th quarter. Flagship Harbor Advisors LLC now owns 282 shares of the company’s stock worth $59,000 after purchasing an additional 237 shares in the last quarter. 98.24% of the stock is owned by hedge funds and other institutional investors.
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.
See Also: What is a back-end load?
Receive News & Ratings for Vail Resorts Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vail Resorts and related companies with MarketBeat.com's FREE daily email newsletter.