Vail Resorts (NYSE:MTN) Sets New 1-Year Low – Time to Sell?

Vail Resorts, Inc. (NYSE:MTN)’s share price hit a new 52-week low during trading on Tuesday . The stock traded as low as $129.07 and last traded at $130.6050, with a volume of 31978 shares trading hands. The stock had previously closed at $130.50.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on MTN. UBS Group reaffirmed a “neutral” rating and issued a $169.00 price target on shares of Vail Resorts in a research note on Friday, January 16th. Morgan Stanley set a $150.00 price target on Vail Resorts in a research note on Friday, January 16th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $156.00 price objective on shares of Vail Resorts in a research note on Wednesday, January 14th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Vail Resorts in a report on Monday, December 29th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Vail Resorts from $168.00 to $172.00 and gave the company a “neutral” rating in a research note on Thursday, December 11th. Four investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Vail Resorts has an average rating of “Hold” and an average target price of $173.73.

Vail Resorts Stock Performance

The company has a debt-to-equity ratio of 5.52, a current ratio of 0.54 and a quick ratio of 0.46. The company’s fifty day moving average price is $141.19 and its 200 day moving average price is $147.85. The company has a market cap of $4.59 billion, a PE ratio of 18.82, a P/E/G ratio of 8.07 and a beta of 0.81.

Vail Resorts (NYSE:MTN) last posted its quarterly earnings data on Wednesday, December 10th. The company reported ($5.20) earnings per share for the quarter, topping the consensus estimate of ($5.23) by $0.03. The business had revenue of $271.03 million for the quarter, compared to analysts’ expectations of $273.35 million. Vail Resorts had a return on equity of 32.51% and a net margin of 8.94%.The business’s revenue was up 4.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($4.61) earnings per share. On average, equities research analysts predict that Vail Resorts, Inc. will post 7.62 earnings per share for the current year.

Vail Resorts Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, January 12th. Stockholders of record on Tuesday, December 30th were paid a dividend of $2.22 per share. The ex-dividend date was Tuesday, December 30th. This represents a $8.88 annualized dividend and a dividend yield of 6.9%. Vail Resorts’s dividend payout ratio (DPR) is presently 130.21%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Capital World Investors boosted its holdings in shares of Vail Resorts by 67.0% in the third quarter. Capital World Investors now owns 3,013,463 shares of the company’s stock worth $450,724,000 after acquiring an additional 1,208,874 shares during the period. GRS Advisors LLC purchased a new stake in shares of Vail Resorts in the second quarter worth about $71,753,000. Norges Bank purchased a new stake in shares of Vail Resorts in the second quarter worth about $51,685,000. Bamco Inc. NY boosted its position in shares of Vail Resorts by 4.1% in the third quarter. Bamco Inc. NY now owns 5,702,692 shares of the company’s stock valued at $852,952,000 after acquiring an additional 227,143 shares during the period. Finally, M&T Bank Corp purchased a new position in Vail Resorts during the fourth quarter valued at approximately $28,521,000. Hedge funds and other institutional investors own 94.90% of the company’s stock.

About Vail Resorts

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.