Vail Resorts (NYSE:MTN) Stock Price Down 2.2%

Vail Resorts, Inc. (NYSE:MTN) was down 2.2% during trading on Friday . The stock traded as low as $207.05 and last traded at $209.00. Approximately 81,865 shares changed hands during trading, a decline of 82% from the average daily volume of 464,008 shares. The stock had previously closed at $213.62.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on MTN shares. Mizuho initiated coverage on Vail Resorts in a research note on Tuesday, March 26th. They set a “buy” rating and a $256.00 target price for the company. Stifel Nicolaus reaffirmed a “buy” rating and issued a $263.00 price objective on shares of Vail Resorts in a report on Friday, March 22nd. Truist Financial reaffirmed a “buy” rating and issued a $290.00 price objective on shares of Vail Resorts in a report on Friday, January 19th. Morgan Stanley upped their price objective on Vail Resorts from $247.00 to $248.00 and gave the company an “equal weight” rating in a report on Thursday, March 7th. Finally, Bank of America lowered Vail Resorts from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $285.00 to $250.00 in a report on Friday, March 8th. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $266.33.

Vail Resorts Trading Down 3.8 %

The company has a market capitalization of $7.80 billion, a price-to-earnings ratio of 34.35, a price-to-earnings-growth ratio of 2.33 and a beta of 1.11. The company has a debt-to-equity ratio of 2.37, a quick ratio of 0.85 and a current ratio of 0.96. The firm has a fifty day moving average price of $225.37 and a 200-day moving average price of $221.22.

Vail Resorts (NYSE:MTN) last released its earnings results on Monday, March 11th. The company reported $5.76 earnings per share (EPS) for the quarter, missing the consensus estimate of $6.07 by ($0.31). The company had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.15 billion. Vail Resorts had a return on equity of 19.16% and a net margin of 8.44%. The business’s revenue for the quarter was down 2.2% compared to the same quarter last year. During the same period last year, the company posted $5.16 earnings per share. As a group, equities analysts anticipate that Vail Resorts, Inc. will post 7.75 EPS for the current year.

Vail Resorts Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 11th. Investors of record on Thursday, March 28th were given a dividend of $2.22 per share. This is an increase from Vail Resorts’s previous quarterly dividend of $2.06. This represents a $8.88 annualized dividend and a dividend yield of 4.32%. The ex-dividend date was Wednesday, March 27th. Vail Resorts’s dividend payout ratio is currently 148.25%.

Insider Buying and Selling

In other Vail Resorts news, Director Peter A. Vaughn sold 1,000 shares of the stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $222.77, for a total value of $222,770.00. Following the completion of the transaction, the director now directly owns 7,592 shares in the company, valued at $1,691,269.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 1.20% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Vail Resorts

Large investors have recently bought and sold shares of the company. Pittenger & Anderson Inc. raised its position in Vail Resorts by 125.0% in the third quarter. Pittenger & Anderson Inc. now owns 117 shares of the company’s stock valued at $26,000 after purchasing an additional 65 shares during the last quarter. Park Place Capital Corp increased its stake in shares of Vail Resorts by 531.6% in the fourth quarter. Park Place Capital Corp now owns 120 shares of the company’s stock valued at $26,000 after buying an additional 101 shares during the period. Rise Advisors LLC increased its stake in shares of Vail Resorts by 62.2% in the fourth quarter. Rise Advisors LLC now owns 159 shares of the company’s stock valued at $34,000 after buying an additional 61 shares during the period. Quarry LP acquired a new stake in shares of Vail Resorts in the fourth quarter valued at about $35,000. Finally, Desjardins Global Asset Management Inc. increased its stake in shares of Vail Resorts by 70.4% in the fourth quarter. Desjardins Global Asset Management Inc. now owns 167 shares of the company’s stock valued at $36,000 after buying an additional 69 shares during the period. 94.94% of the stock is currently owned by institutional investors.

Vail Resorts Company Profile

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.