Vail Resorts (NYSE:MTN) Upgraded at StockNews.com

StockNews.com upgraded shares of Vail Resorts (NYSE:MTN) from a sell rating to a hold rating in a report released on Monday morning.

Several other analysts have also recently commented on the stock. Morgan Stanley raised their target price on shares of Vail Resorts from $179.00 to $182.00 and gave the stock an “equal weight” rating in a research note on Wednesday, September 25th. Macquarie reissued a “neutral” rating and set a $180.00 target price on shares of Vail Resorts in a research note on Wednesday, October 2nd. Barclays lowered their price target on shares of Vail Resorts from $161.00 to $155.00 and set an “underweight” rating on the stock in a research note on Friday, September 27th. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Vail Resorts from $218.00 to $194.00 and set a “hold” rating for the company in a research note on Monday, September 16th. Finally, Stifel Nicolaus lowered their target price on shares of Vail Resorts from $223.00 to $216.00 and set a “buy” rating on the stock in a research report on Friday, September 27th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, Vail Resorts currently has a consensus rating of “Hold” and a consensus target price of $208.22.

Vail Resorts Stock Down 3.1 %

Shares of NYSE:MTN opened at $174.45 on Monday. Vail Resorts has a 1-year low of $165.00 and a 1-year high of $236.92. The company has a debt-to-equity ratio of 2.62, a current ratio of 0.82 and a quick ratio of 0.71. The stock has a market cap of $6.54 billion, a P/E ratio of 28.93, a P/E/G ratio of 1.72 and a beta of 1.13. The firm has a fifty day moving average price of $176.08 and a 200 day moving average price of $181.43.

Vail Resorts (NYSE:MTN) last announced its earnings results on Thursday, September 26th. The company reported ($4.67) earnings per share for the quarter, missing the consensus estimate of ($4.28) by ($0.39). Vail Resorts had a net margin of 7.99% and a return on equity of 20.76%. The company had revenue of $265.39 million during the quarter, compared to analysts’ expectations of $264.84 million. During the same quarter last year, the business posted ($3.35) earnings per share. The company’s revenue for the quarter was down 1.6% compared to the same quarter last year. Sell-side analysts predict that Vail Resorts will post 7.27 EPS for the current year.

Vail Resorts Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 24th. Stockholders of record on Tuesday, October 8th were paid a dividend of $2.22 per share. The ex-dividend date was Tuesday, October 8th. This represents a $8.88 dividend on an annualized basis and a dividend yield of 5.09%. Vail Resorts’s dividend payout ratio (DPR) is 147.26%.

Insider Activity at Vail Resorts

In related news, CFO Angela A. Korch acquired 165 shares of Vail Resorts stock in a transaction dated Thursday, October 3rd. The shares were acquired at an average cost of $173.09 per share, for a total transaction of $28,559.85. Following the completion of the transaction, the chief financial officer now directly owns 2,187 shares of the company’s stock, valued at $378,547.83. The trade was a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other news, CFO Angela A. Korch acquired 165 shares of Vail Resorts stock in a transaction that occurred on Thursday, October 3rd. The shares were acquired at an average price of $173.09 per share, with a total value of $28,559.85. Following the completion of the purchase, the chief financial officer now owns 2,187 shares of the company’s stock, valued at approximately $378,547.83. This represents a 0.00 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Robert A. Katz sold 9,296 shares of Vail Resorts stock in a transaction that occurred on Wednesday, October 2nd. The stock was sold at an average price of $175.98, for a total transaction of $1,635,910.08. Following the completion of the sale, the insider now directly owns 245,961 shares of the company’s stock, valued at $43,284,216.78. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.20% of the stock is owned by corporate insiders.

Institutional Trading of Vail Resorts

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Signaturefd LLC raised its stake in Vail Resorts by 150.9% during the second quarter. Signaturefd LLC now owns 138 shares of the company’s stock worth $25,000 after purchasing an additional 83 shares during the period. V Square Quantitative Management LLC purchased a new position in shares of Vail Resorts in the 3rd quarter worth $25,000. Capital Performance Advisors LLP acquired a new position in Vail Resorts in the third quarter valued at $25,000. Brown Brothers Harriman & Co. grew its position in Vail Resorts by 318.8% during the second quarter. Brown Brothers Harriman & Co. now owns 201 shares of the company’s stock valued at $36,000 after acquiring an additional 153 shares during the period. Finally, UMB Bank n.a. grew its position in Vail Resorts by 123.5% during the third quarter. UMB Bank n.a. now owns 219 shares of the company’s stock valued at $38,000 after acquiring an additional 121 shares during the period. Hedge funds and other institutional investors own 94.94% of the company’s stock.

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.