Vail Resorts (NYSE:MTN) Hits New 52-Week 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 Friday . The stock traded as low as $146.74 and last traded at $148.20, with a volume of 119018 shares. The stock had previously closed at $155.00.

Analyst Upgrades and Downgrades

Several brokerages have commented on MTN. Barclays restated an "underweight" rating and set a $152.00 target price (down from $165.00) on shares of Vail Resorts in a research report on Monday, March 10th. Deutsche Bank Aktiengesellschaft increased their target price on shares of Vail Resorts from $185.00 to $196.00 and gave the company a "hold" rating in a report on Monday, December 9th. Mizuho decreased their price target on Vail Resorts from $227.00 to $215.00 and set an "outperform" rating on the stock in a research note on Tuesday, March 11th. Macquarie dropped 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. Finally, Truist Financial decreased their target price 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. Two analysts have rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $193.56.

Vail Resorts Stock Down 5.4 %

The stock has a market cap of $5.13 billion, a price-to-earnings ratio of 22.83, a P/E/G ratio of 1.93 and a beta of 0.93. The company has a current ratio of 0.63, a quick ratio of 0.51 and a debt-to-equity ratio of 3.64. The firm's 50 day moving average is $161.18 and its two-hundred day moving average is $172.88.

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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 earnings per share for the quarter, beating analysts' consensus estimates of $6.29 by $0.27. The business had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.14 billion. Vail Resorts had a net margin of 8.07% and a return on equity of 21.90%. The company's revenue was up 5.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $5.76 earnings per share. On average, sell-side analysts predict that Vail Resorts, Inc. will post 7.62 EPS for the current year.

Vail Resorts Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 10th. Stockholders of record on Thursday, March 27th will be issued a dividend of $2.22 per share. This represents a $8.88 annualized dividend and a dividend yield of 6.46%. The ex-dividend date of this dividend is Thursday, March 27th. Vail Resorts's dividend payout ratio (DPR) is 130.21%.

Insider Activity at Vail Resorts

In related news, CFO Angela A. Korch purchased 185 shares of the company's stock in a transaction that occurred on Thursday, March 13th. The stock was purchased at an average price of $160.00 per share, with a total value of $29,600.00. Following the completion of the transaction, the chief financial officer now owns 2,956 shares of the company's stock, valued at approximately $472,960. This trade represents a 6.68 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.20% of the company's stock.

Institutional Trading of Vail Resorts

Several institutional investors have recently made changes to their positions in MTN. Heck Capital Advisors LLC purchased a new stake in Vail Resorts during the fourth quarter valued at about $33,000. Blue Trust Inc. lifted its stake in shares of Vail Resorts by 246.7% in the 4th quarter. Blue Trust Inc. now owns 208 shares of the company's stock valued at $36,000 after purchasing an additional 148 shares in the last quarter. Eagle Bay Advisors LLC purchased a new stake in shares of Vail Resorts during the 4th quarter worth about $40,000. GeoWealth Management LLC increased its position in Vail Resorts by 162.2% during the 4th quarter. GeoWealth Management LLC now owns 291 shares of the company's stock worth $55,000 after purchasing an additional 180 shares in the last quarter. Finally, UMB Bank n.a. increased its position in Vail Resorts by 37.9% during the 4th quarter. UMB Bank n.a. now owns 302 shares of the company's stock worth $57,000 after purchasing an additional 83 shares in the last quarter. 94.94% of the stock is owned by hedge funds and other institutional investors.

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.