Vail Resorts (NYSE:MTN) Sets New 12-Month Low - Here's What Happened

Vail Resorts, Inc. (NYSE:MTN - Get Free Report)'s stock price reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as $163.72 and last traded at $164.49, with a volume of 139 shares. The stock had previously closed at $164.93.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on MTN shares. UBS Group started coverage on Vail Resorts in a research report on Thursday, November 14th. They set a "neutral" rating and a $185.00 target price for the company. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Vail Resorts from $185.00 to $196.00 and gave the company a "hold" rating in a research report on Monday, December 9th. Stifel Nicolaus boosted their target price 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. Macquarie upped their target price on shares of Vail Resorts from $180.00 to $195.00 and gave the company a "neutral" rating in a research report on Wednesday, December 11th. Finally, Barclays lifted their price target on Vail Resorts from $155.00 to $165.00 and gave the stock an "underweight" rating in a research report on Tuesday, December 10th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $204.50.

Vail Resorts Trading Down 0.2 %

The company's 50 day simple moving average is $175.83 and its 200-day simple moving average is $177.29. 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 firm has a market cap of $5.93 billion, a P/E ratio of 26.31, a P/E/G ratio of 1.95 and a beta of 1.11.

Vail Resorts (NYSE:MTN - Get Free Report) last posted its quarterly earnings results on Monday, December 9th. The company reported ($4.61) EPS for the quarter, topping analysts' consensus estimates of ($4.99) by $0.38. The firm had revenue of $260.28 million for the quarter, compared to analysts' expectations of $251.45 million. Vail Resorts had a net margin of 8.07% and a return on equity of 21.90%. The business's revenue for the quarter was up .7% on a year-over-year basis. During the same period in the prior year, the business posted ($4.60) earnings per share. As a group, research analysts predict that Vail Resorts, Inc. will post 7.62 earnings per share for the current fiscal year.

Vail Resorts Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, January 9th. Stockholders of record on Thursday, December 26th were paid a dividend of $2.22 per share. This represents a $8.88 annualized dividend and a dividend yield of 5.61%. The ex-dividend date was Thursday, December 26th. Vail Resorts's dividend payout ratio is presently 147.51%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Norges Bank bought a new position in shares of Vail Resorts during the 4th quarter worth $80,669,000. Point72 Asset Management L.P. lifted its stake in Vail Resorts by 170.1% in the fourth quarter. Point72 Asset Management L.P. now owns 546,423 shares of the company's stock worth $102,427,000 after acquiring an additional 344,095 shares during the period. River Road Asset Management LLC grew its holdings in Vail Resorts by 606.6% during the 3rd quarter. River Road Asset Management LLC now owns 341,311 shares of the company's stock worth $59,487,000 after acquiring an additional 293,006 shares in the last quarter. The Manufacturers Life Insurance Company grew its holdings 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 worth $183,039,000 after acquiring an additional 289,484 shares in the last quarter. Finally, Wealthfront Advisers LLC purchased a new position in Vail Resorts during the 4th quarter valued at about $42,532,000. Institutional investors 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.