Vail Resorts, Inc. (NYSE:MTN) Receives $193.56 Average Price Target from Analysts

Shares of Vail Resorts, Inc. (NYSE:MTN - Get Free Report) have earned an average rating of "Hold" from the nine research firms that are currently covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $193.56.

MTN has been the topic of a number of research analyst reports. Stifel Nicolaus increased their price objective on shares of Vail Resorts from $216.00 to $217.00 and gave the stock a "buy" rating in a report on Tuesday, December 10th. Morgan Stanley decreased their price target on shares of Vail Resorts from $197.00 to $178.00 and set an "equal weight" rating on the stock in a research note on Tuesday, March 11th. Macquarie dropped their price objective on shares of Vail Resorts from $195.00 to $185.00 and set a "neutral" rating for the company in a research report on Wednesday, March 12th. Truist Financial decreased their price objective on Vail Resorts from $250.00 to $247.00 and set a "buy" rating on the stock in a research report on Tuesday, December 10th. Finally, Mizuho dropped their target price on Vail Resorts from $227.00 to $215.00 and set an "outperform" rating for the company in a research report on Tuesday, March 11th.

Vail Resorts Price Performance

Shares of MTN traded up $0.59 on Tuesday, hitting $161.59. The company's stock had a trading volume of 570,905 shares, compared to its average volume of 568,648. The company has a market capitalization of $6.03 billion, a PE ratio of 26.84, a PEG ratio of 1.93 and a beta of 1.12. Vail Resorts has a fifty-two week low of $151.99 and a fifty-two week high of $233.57. The company has a 50 day moving average price of $163.56 and a 200 day moving average price of $174.16. The company has a debt-to-equity ratio of 3.64, a current ratio of 0.63 and a quick ratio of 0.51.

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Vail Resorts (NYSE:MTN - Get Free Report) last posted its quarterly earnings data on Monday, March 10th. The company reported $6.56 EPS for the quarter, topping analysts' consensus estimates of $6.29 by $0.27. Vail Resorts had a return on equity of 21.90% and a net margin of 8.07%. The company had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.14 billion. During the same quarter in the previous year, the firm earned $5.76 earnings per share. The business's revenue was up 5.5% on a year-over-year basis. On average, research analysts anticipate that Vail Resorts will post 7.62 earnings per share for the current fiscal year.

Vail Resorts Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 10th. Stockholders of record on Thursday, March 27th will be given a dividend of $2.22 per share. The ex-dividend date of this dividend is Thursday, March 27th. This represents a $8.88 dividend on an annualized basis and a dividend yield of 5.50%. Vail Resorts's dividend payout ratio is 130.21%.

Insider Activity at Vail Resorts

In related news, CFO Angela A. Korch purchased 185 shares of Vail Resorts stock in a transaction dated Thursday, March 13th. The stock was bought at an average price of $160.00 per share, for a total transaction of $29,600.00. Following the completion of the acquisition, the chief financial officer now directly owns 2,956 shares of the company's stock, valued at $472,960. This represents a 6.68 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.20% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Vail Resorts

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Miracle Mile Advisors LLC increased its holdings in Vail Resorts by 3.2% during the fourth quarter. Miracle Mile Advisors LLC now owns 2,121 shares of the company's stock worth $398,000 after buying an additional 65 shares during the last quarter. Raleigh Capital Management Inc. lifted its stake in Vail Resorts by 20.6% in the fourth quarter. Raleigh Capital Management Inc. now owns 393 shares of the company's stock valued at $74,000 after acquiring an additional 67 shares during the last quarter. Sterling Capital Management LLC grew its position in shares of Vail Resorts by 8.5% in the 4th quarter. Sterling Capital Management LLC now owns 881 shares of the company's stock valued at $165,000 after acquiring an additional 69 shares during the period. Accretive Wealth Partners LLC increased its stake in shares of Vail Resorts by 1.5% during the 4th quarter. Accretive Wealth Partners LLC now owns 5,294 shares of the company's stock worth $992,000 after purchasing an additional 80 shares during the last quarter. Finally, UMB Bank n.a. raised its holdings in shares of Vail Resorts by 37.9% in the 4th quarter. UMB Bank n.a. now owns 302 shares of the company's stock valued at $57,000 after purchasing an additional 83 shares during the period. 94.94% of the stock is currently owned by institutional investors and hedge funds.

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.