Brokerages Set Vail Resorts, Inc. (NYSE:MTN) Target Price at $174.90

Vail Resorts, Inc. (NYSE:MTN) has received an average recommendation of “Hold” from the twelve analysts that are covering the stock, Marketbeat Ratings reports. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating on the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $174.90.

A number of research analysts have recently weighed in on MTN shares. Zacks Research downgraded Vail Resorts from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 1st. Mizuho cut their price target on Vail Resorts from $216.00 to $195.00 and set an “outperform” rating on the stock in a research note on Tuesday, September 30th. Barclays cut their price target on Vail Resorts from $152.00 to $145.00 and set an “underweight” rating on the stock in a research note on Tuesday, September 30th. Weiss Ratings downgraded Vail Resorts from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, October 8th. Finally, Truist Financial cut their price target on Vail Resorts from $244.00 to $237.00 and set a “buy” rating on the stock in a research note on Tuesday, September 30th.

Insider Activity at Vail Resorts

In other news, CFO Angela A. Korch acquired 210 shares of the stock in a transaction that occurred on Tuesday, October 7th. The stock was acquired at an average price of $155.00 per share, for a total transaction of $32,550.00. Following the transaction, the chief financial officer directly owned 4,905 shares in the company, valued at approximately $760,275. This represents a 4.47% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link. 1.20% of the stock is currently owned by corporate insiders.

Institutional Trading of Vail Resorts

A number of large investors have recently made changes to their positions in MTN. GAMMA Investing LLC increased its position in shares of Vail Resorts by 75.3% in the 1st quarter. GAMMA Investing LLC now owns 270 shares of the company’s stock valued at $43,000 after buying an additional 116 shares in the last quarter. SG Americas Securities LLC increased its position in shares of Vail Resorts by 990.4% in the 1st quarter. SG Americas Securities LLC now owns 15,156 shares of the company’s stock valued at $2,425,000 after buying an additional 13,766 shares in the last quarter. Western Pacific Wealth Management LP increased its position in shares of Vail Resorts by 45.8% in the 1st quarter. Western Pacific Wealth Management LP now owns 2,260 shares of the company’s stock valued at $362,000 after buying an additional 710 shares in the last quarter. Kingswood Wealth Advisors LLC bought a new stake in shares of Vail Resorts in the 1st quarter valued at $1,027,000. Finally, State of Alaska Department of Revenue increased its position in shares of Vail Resorts by 2.6% in the 1st quarter. State of Alaska Department of Revenue now owns 4,385 shares of the company’s stock valued at $701,000 after buying an additional 110 shares in the last quarter. Institutional investors own 94.90% of the company’s stock.

Vail Resorts Stock Up 0.3%

NYSE:MTN opened at $150.05 on Friday. The stock’s fifty day moving average price is $152.98 and its two-hundred day moving average price is $151.78. Vail Resorts has a 52-week low of $129.85 and a 52-week high of $199.45. The company has a debt-to-equity ratio of 3.44, a quick ratio of 0.56 and a current ratio of 0.63. The company has a market cap of $5.38 billion, a price-to-earnings ratio of 20.25, a P/E/G ratio of 2.52 and a beta of 0.86.

Vail Resorts (NYSE:MTN) last posted its quarterly earnings data on Monday, September 29th. The company reported ($5.08) earnings per share (EPS) for the quarter, missing the consensus estimate of ($4.75) by ($0.33). The firm had revenue of $271.29 million for the quarter, compared to analyst estimates of $272.87 million. Vail Resorts had a return on equity of 31.54% and a net margin of 9.45%.The firm’s quarterly revenue was up 2.2% compared to the same quarter last year. During the same period in the prior year, the company posted ($4.67) EPS. On average, analysts anticipate that Vail Resorts will post 7.62 EPS for the current year.

Vail Resorts Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, October 27th. Stockholders of record on Thursday, October 9th will be paid a $2.22 dividend. The ex-dividend date of this dividend is Thursday, October 9th. This represents a $8.88 dividend on an annualized basis and a dividend yield of 5.9%. Vail Resorts’s dividend payout ratio is 119.84%.

Vail Resorts Company Profile

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.