Vail Resorts (NYSE:MTN) Upgraded to “Strong Sell” at The Goldman Sachs Group

The Goldman Sachs Group upgraded shares of Vail Resorts (NYSE:MTN) to a strong sell rating in a research note issued to investors on Thursday,Zacks.com reports.

Several other brokerages also recently issued reports on MTN. Barclays reduced their price objective on shares of Vail Resorts from $138.00 to $119.00 and set an “underweight” rating on the stock in a research note on Tuesday, June 9th. Zacks Research raised shares of Vail Resorts from a “strong sell” rating to a “hold” rating in a research note on Monday, August 3rd. Truist Financial cut their price target on Vail Resorts from $212.00 to $195.00 and set a “buy” rating for the company in a report on Tuesday, June 9th. Stifel Nicolaus reduced their price target on Vail Resorts from $172.00 to $167.00 and set a “buy” rating on the stock in a research note on Tuesday, June 9th. Finally, Deutsche Bank Aktiengesellschaft decreased their price objective on Vail Resorts from $143.00 to $134.00 and set a “hold” rating on the stock in a report on Tuesday, June 9th. Five investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, Vail Resorts has a consensus rating of “Hold” and a consensus price target of $149.83.

Vail Resorts Stock Down 1.8%

Shares of NYSE MTN opened at $145.74 on Thursday. The company has a debt-to-equity ratio of 3.22, a current ratio of 0.91 and a quick ratio of 0.79. The firm’s 50-day moving average is $143.81 and its two-hundred day moving average is $136.05. Vail Resorts has a 12-month low of $118.51 and a 12-month high of $165.50. The company has a market capitalization of $5.19 billion, a PE ratio of 33.12, a price-to-earnings-growth ratio of 9.79 and a beta of 0.70.

Vail Resorts (NYSE:MTN) last announced its earnings results on Monday, June 8th. The company reported $8.81 EPS for the quarter, missing analysts’ consensus estimates of $8.97 by ($0.16). The company had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.20 billion. Vail Resorts had a net margin of 5.38% and a return on equity of 21.88%. Vail Resorts’s quarterly revenue was down 7.0% compared to the same quarter last year. During the same quarter last year, the company posted $10.54 EPS. Equities analysts anticipate that Vail Resorts will post 4.32 EPS for the current fiscal year.

Vail Resorts Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, July 9th. Shareholders of record on Thursday, June 25th were paid a dividend of $2.22 per share. The ex-dividend date of this dividend was Thursday, June 25th. This represents a $8.88 dividend on an annualized basis and a yield of 6.1%. Vail Resorts’s dividend payout ratio (DPR) is currently 201.82%.

Institutional Trading of Vail Resorts

Institutional investors have recently made changes to their positions in the stock. Goldman Sachs Group Inc. raised its position in shares of Vail Resorts by 2.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 121,123 shares of the company’s stock worth $19,382,000 after buying an additional 3,440 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of Vail Resorts by 1.9% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 148,235 shares of the company’s stock valued at $23,721,000 after purchasing an additional 2,824 shares in the last quarter. Prudential Financial Inc. lifted its stake in shares of Vail Resorts by 24.1% in the 2nd quarter. Prudential Financial Inc. now owns 3,086 shares of the company’s stock valued at $525,000 after purchasing an additional 600 shares in the last quarter. EverSource Wealth Advisors LLC grew its holdings in shares of Vail Resorts by 815.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 174 shares of the company’s stock worth $27,000 after purchasing an additional 155 shares during the period. Finally, Marshall Wace LLP purchased a new stake in shares of Vail Resorts during the 2nd quarter worth about $2,119,000. 94.90% of the stock is owned by hedge funds and other institutional investors.

Vail Resorts Company Profile

Vail Resorts, Inc is a leading mountain resort company that owns and operates an integrated network of ski areas, hotels, restaurants and retail outlets. The company’s signature Epic Pass program offers skiers and snowboarders season‐long access to its portfolio of resorts, while ancillary services such as ski and snowboard schools, equipment rental and retail drive additional revenue.

Headquartered in Broomfield, Colorado, Vail Resorts was formed in 1997, building on the legacy of Vail Associates, which opened the Vail ski area in 1962.