Burney Co. Takes Position in Vail Resorts, Inc. $MTN

Burney Co. purchased a new stake in Vail Resorts, Inc. (NYSE:MTN) during the 1st quarter, HoldingsChannel.com reports. The firm purchased 6,615 shares of the company’s stock, valued at approximately $849,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. BOKF NA raised its holdings in Vail Resorts by 833.3% during the 3rd quarter. BOKF NA now owns 168 shares of the company’s stock worth $25,000 after purchasing an additional 150 shares during the last quarter. EverSource Wealth Advisors LLC raised its stake in shares of Vail Resorts by 815.8% during the second quarter. EverSource Wealth Advisors LLC now owns 174 shares of the company’s stock worth $27,000 after buying an additional 155 shares during the last quarter. Golden State Wealth Management LLC lifted its holdings in Vail Resorts by 83.3% in the fourth quarter. Golden State Wealth Management LLC now owns 220 shares of the company’s stock valued at $29,000 after buying an additional 100 shares during the period. Danske Bank A S acquired a new position in Vail Resorts in the third quarter valued at approximately $30,000. Finally, Caitong International Asset Management Co. Ltd boosted its stake in Vail Resorts by 1,585.7% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 236 shares of the company’s stock valued at $31,000 after acquiring an additional 222 shares during the last quarter. 94.90% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have commented on MTN shares. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Vail Resorts from $143.00 to $134.00 and set a “hold” rating for the company in a research report on Tuesday, June 9th. Truist Financial reduced their price target on Vail Resorts from $212.00 to $195.00 and set a “buy” rating on the stock in a research report on Tuesday, June 9th. Stifel Nicolaus decreased their price objective on Vail Resorts from $172.00 to $167.00 and set a “buy” rating for the company in a research note on Tuesday, June 9th. Mizuho set a $174.00 price objective on Vail Resorts in a report on Tuesday, June 9th. Finally, Zacks Research lowered Vail Resorts from a “hold” rating to a “strong sell” rating in a research note on Tuesday, April 28th. Five investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $151.45.

Vail Resorts Stock Performance

MTN stock opened at $147.63 on Friday. Vail Resorts, Inc. has a 1-year low of $118.51 and a 1-year high of $172.00. The company has a current ratio of 0.91, a quick ratio of 0.79 and a debt-to-equity ratio of 3.22. The firm has a market cap of $5.26 billion, a PE ratio of 33.55, a P/E/G ratio of 13.48 and a beta of 0.71. The business’s 50-day moving average price is $132.94 and its two-hundred day moving average price is $134.25.

Vail Resorts (NYSE:MTN) last announced its quarterly earnings results on Monday, June 8th. The company reported $8.81 earnings per share (EPS) for the quarter, missing the consensus estimate of $8.97 by ($0.16). The business had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.20 billion. Vail Resorts had a return on equity of 21.88% and a net margin of 5.38%.The firm’s revenue was down 7.0% compared to the same quarter last year. During the same quarter last year, the company earned $10.54 earnings per share. As a group, research analysts forecast that Vail Resorts, Inc. will post 4.31 earnings per share for the current year.

Vail Resorts Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, July 9th. Shareholders of record on Thursday, June 25th were issued a dividend of $2.22 per share. This represents a $8.88 annualized dividend and a yield of 6.0%. The ex-dividend date was Thursday, June 25th. Vail Resorts’s dividend payout ratio (DPR) is 201.82%.

Vail Resorts Profile

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.