Vail Resorts (NYSE:MTN) Sets New 1-Year Low - Here's What Happened

Vail Resorts, Inc. (NYSE:MTN - Get Free Report)'s stock price reached a new 52-week low on Friday . The stock traded as low as $165.03 and last traded at $165.15, with a volume of 139977 shares changing hands. The stock had previously closed at $165.69.

Analyst Upgrades and Downgrades

Several research analysts have commented on MTN shares. Barclays dropped their price objective on shares of Vail Resorts from $161.00 to $155.00 and set an "underweight" rating for the company in a research note on Friday, September 27th. Deutsche Bank Aktiengesellschaft dropped their price target 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. Morgan Stanley increased their price objective on shares of Vail Resorts from $179.00 to $182.00 and gave the stock an "equal weight" rating in a research report on Wednesday, September 25th. Macquarie restated a "neutral" rating and set a $180.00 target price on shares of Vail Resorts in a research report on Wednesday, October 2nd. Finally, Stifel Nicolaus reduced their price target on Vail Resorts from $223.00 to $216.00 and set a "buy" rating on the stock in a report on Friday, September 27th. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat, Vail Resorts has a consensus rating of "Hold" and a consensus target price of $208.22.

Vail Resorts Trading Up 0.1 %

The company has a current ratio of 0.82, a quick ratio of 0.71 and a debt-to-equity ratio of 2.62. The stock has a market capitalization of $6.22 billion, a P/E ratio of 27.49, a price-to-earnings-growth ratio of 1.62 and a beta of 1.13. The company has a 50-day moving average price of $176.69 and a 200 day moving average price of $182.62.

Vail Resorts (NYSE:MTN - Get Free Report) last announced its earnings results on Thursday, September 26th. The company reported ($4.67) EPS for the quarter, missing analysts' consensus estimates of ($4.28) by ($0.39). Vail Resorts had a return on equity of 20.76% and a net margin of 7.99%. The firm had revenue of $265.39 million during the quarter, compared to the consensus estimate of $264.84 million. During the same quarter in the prior year, the firm posted ($3.35) earnings per share. The business's revenue for the quarter was down 1.6% compared to the same quarter last year. On average, research analysts forecast that Vail Resorts, Inc. will post 7.27 earnings per share for the current fiscal year.

Vail Resorts Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, October 24th. Shareholders of record on Tuesday, October 8th were issued a $2.22 dividend. This represents a $8.88 annualized dividend and a yield of 5.36%. The ex-dividend date was Tuesday, October 8th. Vail Resorts's dividend payout ratio is currently 147.26%.

Insider Transactions at Vail Resorts

In other Vail Resorts news, insider Robert A. Katz sold 9,296 shares of the firm's stock in a transaction dated Wednesday, October 2nd. The stock was sold at an average price of $175.98, for a total value of $1,635,910.08. Following the completion of the sale, the insider now owns 245,961 shares of the company's stock, valued at approximately $43,284,216.78. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Robert A. Katz sold 9,296 shares of the company's stock in a transaction on Wednesday, October 2nd. The stock was sold at an average price of $175.98, for a total value of $1,635,910.08. Following the transaction, the insider now directly owns 245,961 shares of the company's stock, valued at $43,284,216.78. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director John F. Sorte sold 1,670 shares of Vail Resorts stock in a transaction dated Wednesday, October 2nd. The stock was sold at an average price of $173.07, for a total value of $289,026.90. Following the sale, the director now directly owns 45,111 shares of the company's stock, valued at approximately $7,807,360.77. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.20% of the company's stock.

Hedge Funds Weigh In On Vail Resorts

Several hedge funds and other institutional investors have recently bought and sold shares of MTN. Fairbanks Capital Management Inc. raised its stake in shares of Vail Resorts by 2.5% during the 2nd quarter. Fairbanks Capital Management Inc. now owns 2,563 shares of the company's stock valued at $462,000 after buying an additional 63 shares during the last quarter. Artemis Investment Management LLP lifted its holdings in Vail Resorts by 4.6% in the second quarter. Artemis Investment Management LLP now owns 1,700 shares of the company's stock valued at $306,000 after acquiring an additional 75 shares during the period. Advisors Asset Management Inc. boosted its position in Vail Resorts by 8.5% in the 1st quarter. Advisors Asset Management Inc. now owns 993 shares of the company's stock worth $221,000 after purchasing an additional 78 shares in the last quarter. Signaturefd LLC grew its stake in shares of Vail Resorts by 150.9% during the 2nd quarter. Signaturefd LLC now owns 138 shares of the company's stock worth $25,000 after purchasing an additional 83 shares during the period. Finally, Fifth Third Bancorp increased its holdings in shares of Vail Resorts by 20.9% during the 2nd quarter. Fifth Third Bancorp now owns 486 shares of the company's stock valued at $88,000 after purchasing an additional 84 shares in the last quarter. Institutional investors and hedge funds own 94.94% of the company's stock.

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.