Shares of Vail Resorts, Inc. (NYSE:MTN - Get Free Report) hit a new 52-week low during trading on Tuesday . The company traded as low as $153.51 and last traded at $154.40, with a volume of 51468 shares trading hands. The stock had previously closed at $158.44.
Analyst Upgrades and Downgrades
A number of equities analysts have commented on MTN shares. Mizuho lifted their target price on Vail Resorts from $222.00 to $227.00 and gave the company an "outperform" rating in a research note on Tuesday, December 10th. Morgan Stanley restated an "equal weight" rating and issued a $197.00 target price on shares of Vail Resorts in a research note on Monday, December 23rd. Stifel Nicolaus lifted their target price on Vail Resorts from $216.00 to $217.00 and gave the company a "buy" rating in a research note on Tuesday, December 10th. Barclays boosted their price objective on Vail Resorts from $155.00 to $165.00 and gave the stock an "underweight" rating in a research report on Tuesday, December 10th. Finally, Truist Financial decreased their price objective on Vail Resorts from $250.00 to $247.00 and set a "buy" rating for the company in a report on Tuesday, December 10th. Two research 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's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $199.44.
View Our Latest Report on MTN
Vail Resorts Price Performance
The business has a 50-day moving average price of $169.61 and a 200 day moving average price of $176.19. The company has a market cap of $5.89 billion, a price-to-earnings ratio of 26.14, a P/E/G ratio of 1.93 and a beta of 1.12. The company has a current ratio of 0.63, a quick ratio of 0.51 and a debt-to-equity ratio of 3.64.
Vail Resorts (NYSE:MTN - Get Free Report) last released its earnings results on Monday, December 9th. The company reported ($4.61) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($4.99) by $0.38. The company had revenue of $260.28 million during the quarter, compared to analyst estimates of $251.45 million. Vail Resorts had a return on equity of 21.90% and a net margin of 8.07%. The company's revenue for the quarter was up .7% on a year-over-year basis. During the same quarter in the prior year, the company earned ($4.60) earnings per share. As a group, research analysts expect that Vail Resorts, Inc. will post 7.62 earnings per share for the current fiscal year.
Vail Resorts Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Stockholders of record on Thursday, December 26th were issued a $2.22 dividend. The ex-dividend date was Thursday, December 26th. This represents a $8.88 dividend on an annualized basis and a dividend yield of 5.64%. Vail Resorts's payout ratio is currently 147.51%.
Institutional Trading of Vail Resorts
A number of hedge funds have recently modified their holdings of MTN. Alberta Investment Management Corp acquired a new position in shares of Vail Resorts in the fourth quarter worth $3,134,000. Western Pacific Wealth Management LP acquired a new position in shares of Vail Resorts in the fourth quarter worth $291,000. Stifel Financial Corp increased its stake in shares of Vail Resorts by 47.6% in the third quarter. Stifel Financial Corp now owns 21,131 shares of the company's stock worth $3,683,000 after acquiring an additional 6,816 shares during the last quarter. Mutual of America Capital Management LLC increased its stake in shares of Vail Resorts by 146.9% in the fourth quarter. Mutual of America Capital Management LLC now owns 133,082 shares of the company's stock worth $24,946,000 after acquiring an additional 79,183 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Vail Resorts by 17.6% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 27,232 shares of the company's stock worth $5,187,000 after acquiring an additional 4,080 shares during the last quarter. Hedge funds and other institutional investors own 94.94% of the company's stock.
About Vail Resorts
(
Get Free Report)
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.
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