Several other equities analysts also recently weighed in on MTN. Zacks Investment Research downgraded Vail Resorts from a hold rating to a sell rating in a research report on Tuesday, August 29th. KeyCorp reiterated an overweight rating and issued a $250.00 price objective on shares of Vail Resorts in a research note on Wednesday, August 30th. Barclays lifted their price objective on Vail Resorts from $226.00 to $247.00 and gave the company an overweight rating in a research note on Friday, September 29th. Janney Montgomery Scott reiterated a buy rating and issued a $260.00 price objective (up previously from $245.00) on shares of Vail Resorts in a research note on Friday, September 29th. Finally, MKM Partners reiterated a buy rating and issued a $266.00 price objective (up previously from $264.00) on shares of Vail Resorts in a research note on Monday, October 2nd. Two analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. The company has an average rating of Buy and a consensus target price of $250.63.
Vail Resorts (NYSE MTN) traded down $0.01 during midday trading on Friday, reaching $225.49. The company’s stock had a trading volume of 753,689 shares, compared to its average volume of 302,938. The firm has a market cap of $9,110.00, a P/E ratio of 44.74 and a beta of 0.45. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.58 and a current ratio of 0.72. Vail Resorts has a 52 week low of $158.01 and a 52 week high of $237.77.
Vail Resorts (NYSE:MTN) last released its earnings results on Thursday, December 7th. The company reported ($2.00) earnings per share for the quarter, missing the consensus estimate of ($1.90) by ($0.10). The firm had revenue of $220.90 million during the quarter, compared to analyst estimates of $198.95 million. Vail Resorts had a net margin of 12.55% and a return on equity of 12.02%. The business’s revenue was up 23.9% compared to the same quarter last year. During the same period in the prior year, the firm earned ($1.70) earnings per share. sell-side analysts anticipate that Vail Resorts will post 6.2 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 10th. Stockholders of record on Wednesday, December 27th will be paid a $1.053 dividend. This represents a $4.21 annualized dividend and a dividend yield of 1.87%. The ex-dividend date of this dividend is Tuesday, December 26th. Vail Resorts’s payout ratio is presently 71.36%.
In related news, CFO Michael Z. Barkin sold 7,953 shares of the business’s stock in a transaction that occurred on Tuesday, October 10th. The stock was sold at an average price of $216.55, for a total transaction of $1,722,222.15. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director John F. Sorte sold 6,597 shares of the business’s stock in a transaction that occurred on Friday, October 6th. The stock was sold at an average price of $216.74, for a total value of $1,429,833.78. The disclosure for this sale can be found here. Insiders sold a total of 236,742 shares of company stock valued at $51,804,735 in the last quarter. Company insiders own 3.30% of the company’s stock.
A number of hedge funds have recently bought and sold shares of the stock. GSA Capital Partners LLP purchased a new stake in Vail Resorts during the third quarter worth approximately $486,000. Neuberger Berman Group LLC lifted its stake in Vail Resorts by 13.1% during the third quarter. Neuberger Berman Group LLC now owns 99,014 shares of the company’s stock worth $22,587,000 after purchasing an additional 11,500 shares during the last quarter. California Public Employees Retirement System lifted its stake in Vail Resorts by 7.3% during the third quarter. California Public Employees Retirement System now owns 100,638 shares of the company’s stock worth $22,958,000 after purchasing an additional 6,838 shares during the last quarter. Janney Montgomery Scott LLC lifted its stake in Vail Resorts by 3.5% during the third quarter. Janney Montgomery Scott LLC now owns 17,721 shares of the company’s stock worth $4,043,000 after purchasing an additional 599 shares during the last quarter. Finally, Cubist Systematic Strategies LLC lifted its stake in Vail Resorts by 476.7% during the third quarter. Cubist Systematic Strategies LLC now owns 8,500 shares of the company’s stock worth $1,939,000 after purchasing an additional 7,026 shares during the last quarter. Hedge funds and other institutional investors own 94.52% of the company’s stock.
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About Vail Resorts
Vail Resorts, Inc is a holding company. The Company operates through three segments: Mountain, Lodging and Real Estate. Its Mountain segment operates over 10 mountain resort properties and approximately three urban ski areas, as well as ancillary services, primarily including, ski school, dining, and retail/rental operations.
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