Brokerages Set Vail Resorts, Inc. (NYSE:MTN) Price Target at $193.56

Vail Resorts, Inc. (NYSE:MTN - Get Free Report) has earned a consensus recommendation of "Hold" from the ten analysts that are currently covering the company, MarketBeat.com reports. Two analysts have rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $190.20.

Several analysts have issued reports on MTN shares. Macquarie decreased 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 note on Wednesday, March 12th. Morgan Stanley decreased their price target on Vail Resorts from $197.00 to $178.00 and set an "equal weight" rating for the company in a research note on Tuesday, March 11th. Barclays reiterated an "underweight" rating and issued a $152.00 target price (down previously from $165.00) on shares of Vail Resorts in a research note on Monday, March 10th. JPMorgan Chase & Co. boosted their target price on shares of Vail Resorts from $166.00 to $167.00 and gave the company an "underweight" rating in a research note on Tuesday, March 11th. Finally, Mizuho reduced their price target on shares of Vail Resorts from $227.00 to $215.00 and set an "outperform" rating on the stock in a research note on Tuesday, March 11th.

Insiders Place Their Bets

In related news, CFO Angela A. Korch purchased 185 shares of Vail Resorts stock in a transaction dated Thursday, March 13th. The stock was purchased at an average cost of $160.00 per share, with a total value of $29,600.00. Following the transaction, the chief financial officer now owns 2,956 shares in the company, valued at approximately $472,960. The trade was a 6.68 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.20% of the stock is owned by company insiders.

Hedge Funds Weigh In On Vail Resorts

A number of large investors have recently added to or reduced their stakes in the company. Bamco Inc. NY raised its stake in shares of Vail Resorts by 2.0% during the 4th quarter. Bamco Inc. NY now owns 5,290,546 shares of the company's stock worth $991,713,000 after acquiring an additional 105,410 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of Vail Resorts by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 3,716,657 shares of the company's stock valued at $696,687,000 after purchasing an additional 25,916 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Vail Resorts by 4.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,202,176 shares of the company's stock valued at $225,348,000 after purchasing an additional 47,417 shares during the last quarter. TPG GP A LLC boosted its position in shares of Vail Resorts by 19.9% in the 4th quarter. TPG GP A LLC now owns 1,036,487 shares of the company's stock worth $194,289,000 after purchasing an additional 172,082 shares in the last quarter. Finally, The Manufacturers Life Insurance Company increased its position in Vail Resorts by 42.1% during the 4th quarter. The Manufacturers Life Insurance Company now owns 976,468 shares of the company's stock valued at $183,039,000 after buying an additional 289,484 shares in the last quarter. 94.94% of the stock is currently owned by institutional investors.

Vail Resorts Price Performance

NYSE:MTN traded up $2.44 during trading hours on Friday, reaching $138.15. The stock had a trading volume of 517,839 shares, compared to its average volume of 579,183. The stock has a market capitalization of $5.16 billion, a PE ratio of 23.00, a PEG ratio of 1.93 and a beta of 0.93. Vail Resorts has a 52 week low of $129.85 and a 52 week high of $206.55. The company has a 50 day moving average price of $153.52 and a two-hundred day moving average price of $169.22. The company has a debt-to-equity ratio of 3.64, a quick ratio of 0.51 and a current ratio of 0.63.

Vail Resorts (NYSE:MTN - Get Free Report) last announced its quarterly earnings results on Monday, March 10th. The company reported $6.56 EPS for the quarter, beating analysts' consensus estimates of $6.29 by $0.27. The firm had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.14 billion. Vail Resorts had a net margin of 8.07% and a return on equity of 21.90%. The firm's revenue for the quarter was up 5.5% compared to the same quarter last year. During the same quarter last year, the firm earned $5.76 EPS. As a group, sell-side analysts anticipate that Vail Resorts will post 7.62 earnings per share for the current fiscal year.

Vail Resorts Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 10th. Investors of record on Thursday, March 27th were issued a dividend of $2.22 per share. This represents a $8.88 annualized dividend and a yield of 6.43%. The ex-dividend date of this dividend was Thursday, March 27th. Vail Resorts's payout ratio is 130.21%.

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.