Vail Resorts (NYSE:MTN) Reaches New 12-Month High – Here’s Why

Vail Resorts, Inc. (NYSE:MTN)’s share price hit a new 52-week high during mid-day trading on Thursday. The company traded as high as $163.99 and last traded at $161.1140, with a volume of 32,100 shares changing hands. The stock had previously closed at $161.08.

Analysts Set New Price Targets

A number of equities analysts recently commented on MTN shares. Citizens Jmp began coverage on Vail Resorts in a research note on Thursday, October 15th. They issued a “market perform” rating for the company. Zacks Research raised Vail Resorts from a “strong sell” rating to a “hold” rating in a report on Monday, August 3rd. Citigroup began coverage on Vail Resorts in a report on Thursday, October 15th. They issued a “market perform” rating for the company. Stifel Nicolaus upped their price target on Vail Resorts from $157.00 to $172.00 and gave the company a “buy” rating in a research report on Monday, October 12th. Finally, Wells Fargo & Company raised their price objective on Vail Resorts from $125.00 to $130.00 and gave the stock an “equal weight” rating in a research note on Tuesday, September 29th. Five analysts have rated the stock with a Buy rating, nine have issued a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $150.00.

Vail Resorts Stock Down 0.9%

The company has a quick ratio of 0.68, a current ratio of 0.80 and a debt-to-equity ratio of 5.57. The firm has a market cap of $5.69 billion, a price-to-earnings ratio of 38.53, a price-to-earnings-growth ratio of 11.27 and a beta of 0.73. The stock’s 50 day moving average is $143.68 and its 200 day moving average is $138.63.

Vail Resorts (NYSE:MTN) last announced its quarterly earnings data on Monday, September 28th. The company reported ($5.34) earnings per share for the quarter, topping the consensus estimate of ($5.35) by $0.01. Vail Resorts had a return on equity of 22.82% and a net margin of 5.20%. The company had revenue of $278.07 million for the quarter, compared to analyst estimates of $269.30 million. During the same quarter last year, the firm earned ($5.08) EPS. Vail Resorts’s revenue for the quarter was up 2.5% compared to the same quarter last year. Analysts forecast that Vail Resorts, Inc. will post 5.51 EPS for the current year.

Vail Resorts Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 27th. Investors of record on Thursday, October 8th were issued a $2.22 dividend. This represents a $8.88 dividend on an annualized basis and a yield of 5.6%. The ex-dividend date was Thursday, October 8th. Vail Resorts’s dividend payout ratio is currently 214.49%.

Institutional Investors Weigh In On Vail Resorts

Hedge funds have recently modified their holdings of the business. Bamco Inc. NY acquired a new position in shares of Vail Resorts in the second quarter valued at approximately $889,971,000. BlackRock Inc. bought a new stake in shares of Vail Resorts during the 2nd quarter worth approximately $464,712,000. The Manufacturers Life Insurance Company bought a new stake in Vail Resorts during the second quarter worth $131,418,000. Corient Private Wealth LP bought a new position in Vail Resorts during the second quarter worth about $55,443,000. Finally, Bank of New York Mellon Corp acquired a new stake in Vail Resorts during the 2nd quarter valued at $49,749,000. Institutional investors and hedge funds own 94.90% of the company’s stock.

Vail Resorts Company Profile

Vail Resorts, Inc is a mountain resort company that operates ski and summer resorts, lodging properties, restaurants, retail locations and ski and snowboard schools. Its business serves vacationers, season-pass holders and day visitors through a combination of resort operations, hospitality and recreational services.

The company’s portfolio includes well-known North American destinations such as Vail, Beaver Creek, Breckenridge, Keystone, Park City, Whistler Blackcomb, Stowe and Heavenly.