Zacks Investment Research Lowers Vail Resorts (MTN) to Sell

Zacks Investment Research lowered shares of Vail Resorts (NYSE:MTN) from a hold rating to a sell rating in a research report sent to investors on Monday morning.

According to Zacks, “Vail Resorts, Inc. is one of the leading resort operators in North America. The company’s operations are grouped into two segments, Resort and Real Estate. In the company’s Resort segment, they own and operate resort properties which provide a comprehensive resort experience throughout the year to a diverse clientele with an attractive demographic profile. The company’s Real Estate segment develops, buys and sells real estate in and around the their resort communities. “

Several other equities analysts have also recently weighed in on the company. KeyCorp restated an overweight rating and set a $250.00 price objective on shares of Vail Resorts in a research note on Wednesday, August 30th. Stifel Nicolaus restated a buy rating and set a $232.00 price objective (up from $229.00) on shares of Vail Resorts in a research note on Monday, October 2nd. MKM Partners restated a buy rating and set a $266.00 price objective (up from $264.00) on shares of Vail Resorts in a research note on Monday, October 2nd. Janney Montgomery Scott restated a buy rating and set a $260.00 price objective (up from $245.00) on shares of Vail Resorts in a research note on Friday, September 29th. Finally, Barclays lifted their target price on Vail Resorts from $226.00 to $247.00 and gave the stock an overweight rating in a research note on Friday, September 29th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of Buy and a consensus target price of $252.22.

Shares of Vail Resorts (NYSE MTN) traded up $2.35 during mid-day trading on Monday, hitting $220.78. 385,800 shares of the stock traded hands, compared to its average volume of 331,645. The firm has a market cap of $8,741.35, a P/E ratio of 43.34 and a beta of 0.45. Vail Resorts has a one year low of $159.65 and a one year high of $237.77. The company has a current ratio of 0.56, a quick ratio of 0.41 and a debt-to-equity ratio of 0.78.

Vail Resorts (NYSE:MTN) last announced its quarterly earnings data on Thursday, December 7th. The company reported ($2.00) EPS for the quarter, missing the consensus estimate of ($1.90) by ($0.10). The company had revenue of $220.90 million for the quarter, compared to analyst estimates of $198.95 million. Vail Resorts had a return on equity of 12.28% and a net margin of 12.55%. The business’s quarterly revenue was up 23.9% compared to the same quarter last year. During the same period last year, the business earned ($1.70) EPS. equities analysts expect that Vail Resorts will post 6.81 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 10th. Investors of record on Wednesday, December 27th will be issued a $1.053 dividend. This represents a $4.21 annualized dividend and a yield of 1.91%. The ex-dividend date is Tuesday, December 26th. Vail Resorts’s dividend payout ratio (DPR) is currently 71.48%.

In other news, insider Patricia A. Campbell sold 5,515 shares of the business’s stock in a transaction dated Thursday, October 19th. The stock was sold at an average price of $222.41, for a total transaction of $1,226,591.15. Following the completion of the transaction, the insider now owns 28,736 shares of the company’s stock, valued at $6,391,173.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Robert A. Katz sold 115,900 shares of the business’s stock in a transaction dated Friday, October 6th. The stock was sold at an average price of $218.73, for a total value of $25,350,807.00. The disclosure for this sale can be found here. Insiders have sold a total of 236,742 shares of company stock valued at $51,804,735 in the last ninety days. Insiders own 3.30% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of MTN. Vanguard Group Inc. lifted its position in Vail Resorts by 2.5% in the 2nd quarter. Vanguard Group Inc. now owns 3,126,244 shares of the company’s stock worth $634,095,000 after buying an additional 76,961 shares during the last quarter. BlackRock Inc. lifted its position in Vail Resorts by 17.0% in the second quarter. BlackRock Inc. now owns 2,068,244 shares of the company’s stock valued at $419,502,000 after purchasing an additional 300,793 shares during the last quarter. State Street Corp lifted its position in Vail Resorts by 40.2% in the second quarter. State Street Corp now owns 718,192 shares of the company’s stock valued at $145,687,000 after purchasing an additional 206,079 shares during the last quarter. JPMorgan Chase & Co. lifted its position in Vail Resorts by 24.4% in the third quarter. JPMorgan Chase & Co. now owns 518,066 shares of the company’s stock valued at $114,902,000 after purchasing an additional 101,554 shares during the last quarter. Finally, Voya Investment Management LLC lifted its position in Vail Resorts by 13.3% in the second quarter. Voya Investment Management LLC now owns 510,171 shares of the company’s stock valued at $103,478,000 after purchasing an additional 59,849 shares during the last quarter. 94.52% of the stock is owned by institutional investors.

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Vail Resorts Company Profile

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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