Vail Resorts (NYSE:MTN) Hits New 52-Week Low - Should You Sell?

Vail Resorts, Inc. (NYSE:MTN - Get Free Report)'s stock price hit a new 52-week low during trading on Thursday . The company traded as low as $129.85 and last traded at $144.32, with a volume of 1138352 shares changing hands. The stock had previously closed at $131.42.

Analyst Upgrades and Downgrades

MTN has been the subject of several analyst reports. Macquarie lowered their price objective on Vail Resorts from $195.00 to $185.00 and set a "neutral" rating for the company in a research note on Wednesday, March 12th. Barclays reissued an "underweight" rating and issued a $152.00 price objective (down from $165.00) on shares of Vail Resorts in a research report on Monday, March 10th. Mizuho dropped their price target on Vail Resorts from $227.00 to $215.00 and set an "outperform" rating on the stock in a research report on Tuesday, March 11th. Morgan Stanley cut their price objective on shares of Vail Resorts from $197.00 to $178.00 and set an "equal weight" rating on the stock in a report on Tuesday, March 11th. Finally, JPMorgan Chase & Co. lifted their target price on Vail Resorts from $166.00 to $167.00 and gave the company an "underweight" rating in a research note on Tuesday, March 11th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, Vail Resorts presently has a consensus rating of "Hold" and a consensus price target of $193.56.

Vail Resorts Stock Performance

The company has a quick ratio of 0.51, a current ratio of 0.63 and a debt-to-equity ratio of 3.64. The stock has a market capitalization of $5.28 billion, a PE ratio of 23.49, a PEG ratio of 1.93 and a beta of 0.93. The firm has a 50 day moving average price of $157.07 and a 200-day moving average price of $170.73.

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Vail Resorts (NYSE:MTN - Get Free Report) last released its quarterly earnings data on Monday, March 10th. The company reported $6.56 earnings per share for the quarter, beating 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 business had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.14 billion. During the same quarter last year, the business posted $5.76 EPS. The company's revenue was up 5.5% on a year-over-year basis. Research analysts expect that Vail Resorts, Inc. will post 7.62 EPS for the current fiscal year.

Vail Resorts Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 10th. Shareholders of record on Thursday, March 27th were issued a $2.22 dividend. The ex-dividend date was Thursday, March 27th. This represents a $8.88 dividend on an annualized basis and a yield of 6.28%. Vail Resorts's payout ratio is 130.21%.

Insider Buying and Selling at Vail Resorts

In related news, CFO Angela A. Korch purchased 185 shares of Vail Resorts stock in a transaction that occurred on Thursday, March 13th. The stock was purchased at an average price of $160.00 per share, for a total transaction of $29,600.00. Following the transaction, the chief financial officer now directly owns 2,956 shares in the company, valued at approximately $472,960. This trade represents a 6.68 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. 1.20% of the stock is owned by corporate insiders.

Institutional Trading of Vail Resorts

Institutional investors have recently made changes to their positions in the company. SG Americas Securities LLC raised its position in shares of Vail Resorts by 990.4% in the first quarter. SG Americas Securities LLC now owns 15,156 shares of the company's stock valued at $2,425,000 after buying an additional 13,766 shares during the last quarter. GAMMA Investing LLC boosted its stake in Vail Resorts by 75.3% during the first quarter. GAMMA Investing LLC now owns 270 shares of the company's stock worth $43,000 after buying an additional 116 shares during the period. Procyon Advisors LLC increased its holdings in Vail Resorts by 46.2% in the 1st quarter. Procyon Advisors LLC now owns 2,340 shares of the company's stock valued at $374,000 after purchasing an additional 739 shares during the last quarter. Sendero Wealth Management LLC acquired a new stake in shares of Vail Resorts in the first quarter valued at $326,000. Finally, Aurora Investment Managers LLC. grew its position in Vail Resorts by 1.1% in the 1st quarter. Aurora Investment Managers LLC. now owns 9,513 shares of the company's stock valued at $1,522,000 after acquiring an additional 104 shares in the last quarter. 94.94% of the stock is 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.