Vail Resorts (NYSE:MTN – Get Rating) had its price target trimmed by Deutsche Bank Aktiengesellschaft from $289.00 to $269.00 in a report published on Friday, The Fly reports.
A number of other research firms have also recently commented on MTN. Stifel Nicolaus dropped their price objective on Vail Resorts from $261.00 to $238.00 in a research report on Friday. Barclays reduced their price objective on Vail Resorts from $232.00 to $222.00 in a research report on Friday. Credit Suisse Group reduced their price objective on Vail Resorts from $380.00 to $333.00 in a research report on Friday. JPMorgan Chase & Co. raised their price target on Vail Resorts from $246.00 to $262.00 and gave the company a neutral rating in a report on Monday, December 12th. Finally, Bank of America reduced their target price on Vail Resorts from $275.00 to $250.00 in a report on Friday. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, Vail Resorts presently has an average rating of Hold and a consensus target price of $267.00.
Vail Resorts Trading Down 3.3 %
MTN stock opened at $221.13 on Friday. The business has a 50 day simple moving average of $247.07 and a two-hundred day simple moving average of $236.96. Vail Resorts has a 1-year low of $201.91 and a 1-year high of $273.43. The company has a market capitalization of $8.92 billion, a price-to-earnings ratio of 26.90, a PEG ratio of 4.91 and a beta of 1.19. The company has a debt-to-equity ratio of 1.78, a current ratio of 1.21 and a quick ratio of 1.10.
Vail Resorts (NYSE:MTN – Get Rating) last released its quarterly earnings data on Thursday, March 9th. The company reported $5.16 earnings per share for the quarter, missing analysts’ consensus estimates of $6.19 by ($1.03). Vail Resorts had a return on equity of 18.42% and a net margin of 11.88%. The business had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.07 billion. During the same quarter in the previous year, the company earned $5.47 EPS. The firm’s revenue was up 21.5% compared to the same quarter last year. Research analysts anticipate that Vail Resorts will post 8.93 EPS for the current fiscal year.
Vail Resorts Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 11th. Shareholders of record on Monday, March 27th will be given a $2.06 dividend. The ex-dividend date of this dividend is Friday, March 24th. This is an increase from Vail Resorts’s previous quarterly dividend of $1.91. This represents a $8.24 annualized dividend and a yield of 3.73%. Vail Resorts’s dividend payout ratio (DPR) is presently 92.94%.
Institutional Investors Weigh In On Vail Resorts
Large investors have recently added to or reduced their stakes in the stock. Fox Run Management L.L.C. increased its position in shares of Vail Resorts by 3.5% in the 2nd quarter. Fox Run Management L.L.C. now owns 1,421 shares of the company’s stock valued at $310,000 after acquiring an additional 48 shares during the period. Aspire Private Capital LLC grew its holdings in Vail Resorts by 6.3% in the 4th quarter. Aspire Private Capital LLC now owns 822 shares of the company’s stock valued at $195,869,595,000 after buying an additional 49 shares in the last quarter. Kinneret Advisory LLC lifted its stake in shares of Vail Resorts by 2.3% in the 1st quarter. Kinneret Advisory LLC now owns 2,315 shares of the company’s stock valued at $607,000 after purchasing an additional 51 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. raised its position in Vail Resorts by 6.0% in the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 1,018 shares of the company’s stock valued at $243,000 after purchasing an additional 58 shares in the last quarter. Finally, First Horizon Advisors Inc. increased its holdings in shares of Vail Resorts by 66.7% in the 4th quarter. First Horizon Advisors Inc. now owns 145 shares of the company’s stock valued at $35,000 after acquiring an additional 58 shares during the last quarter. 94.12% of the stock is owned by hedge funds and other institutional investors.
About Vail Resorts
Vail Resorts, Inc is a holding company, which engages in the operation of mountain resorts. It operates through the following segments: Mountain, Lodging, and Real Estate. The Mountain segment covers the operation of mountain resorts or ski areas, and related activities. The Lodging segment includes ownership of hotels, RockResorts, NPS concessionaire properties, condominium management, Colorado resort ground transportation operations, and mountain resort golf operations.
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