Macquarie Reaffirms “Neutral” Rating for Vail Resorts (NYSE:MTN)

Macquarie reiterated their neutral rating on shares of Vail Resorts (NYSE:MTN) in a report published on Wednesday, Benzinga reports. They currently have a $180.00 target price on the stock.

Several other research analysts have also weighed in on the company. Mizuho dropped their target price on Vail Resorts from $256.00 to $231.00 and set a buy rating on the stock in a research report on Friday, June 7th. Stifel Nicolaus dropped their target price on Vail Resorts from $223.00 to $216.00 and set a buy rating on the stock in a research report on Friday, September 27th. JPMorgan Chase & Co. lowered Vail Resorts from a neutral rating to an underweight rating and dropped their target price for the stock from $217.00 to $176.00 in a research report on Friday, June 7th. StockNews.com lowered Vail Resorts from a hold rating to a sell rating in a research report on Friday, September 27th. Finally, Barclays dropped their target price on Vail Resorts from $161.00 to $155.00 and set an underweight rating on the stock in a research report on Friday, September 27th. Three analysts have rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of Hold and an average target price of $208.22.

Vail Resorts Stock Down 0.5 %

NYSE:MTN opened at $173.25 on Wednesday. The firm has a market capitalization of $6.52 billion, a price-to-earnings ratio of 23.57, a PEG ratio of 1.63 and a beta of 1.13. Vail Resorts has a 1-year low of $165.14 and a 1-year high of $236.92. The company has a current ratio of 0.82, a quick ratio of 0.71 and a debt-to-equity ratio of 2.62. The business’s fifty day moving average price is $179.06 and its 200 day moving average price is $190.64.

Vail Resorts (NYSE:MTN) last posted its quarterly earnings results on Thursday, September 26th. The company reported ($4.67) earnings per share for the quarter, missing the consensus estimate of ($4.28) by ($0.39). Vail Resorts had a net margin of 7.99% and a return on equity of 20.76%. The business had revenue of $265.39 million for the quarter, compared to analyst estimates of $264.84 million. During the same period in the previous year, the firm posted ($3.35) earnings per share. The firm’s quarterly revenue was down 1.6% on a year-over-year basis. On average, sell-side analysts forecast that Vail Resorts will post 7.52 earnings per share for the current fiscal year.

Vail Resorts Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 24th. Investors of record on Tuesday, October 8th will be paid a $2.22 dividend. This represents a $8.88 annualized dividend and a yield of 5.13%. The ex-dividend date is Tuesday, October 8th. Vail Resorts’s dividend payout ratio is 120.82%.

Insider Activity at Vail Resorts

In related news, CFO Angela A. Korch purchased 165 shares of the firm’s stock in a transaction that occurred on Thursday, October 3rd. The shares were acquired at an average price of $173.09 per share, with a total value of $28,559.85. Following the purchase, the chief financial officer now directly owns 2,187 shares in the company, valued at $378,547.83. This represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Vail Resorts news, CFO Angela A. Korch acquired 165 shares of the business’s stock in a transaction on Thursday, October 3rd. The stock was purchased at an average price of $173.09 per share, for a total transaction of $28,559.85. Following the transaction, the chief financial officer now owns 2,187 shares in the company, valued at $378,547.83. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John F. Sorte sold 1,670 shares of Vail Resorts stock in a transaction on Wednesday, October 2nd. The shares were sold at an average price of $173.07, for a total value of $289,026.90. Following the completion of the transaction, the director now owns 45,111 shares of the company’s stock, valued at approximately $7,807,360.77. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. 1.20% of the stock is owned by insiders.

Institutional Investors Weigh In On Vail Resorts

A number of institutional investors have recently made changes to their positions in the stock. Principal Financial Group Inc. grew its stake in Vail Resorts by 1.0% in the first quarter. Principal Financial Group Inc. now owns 1,807,277 shares of the company’s stock valued at $402,716,000 after acquiring an additional 17,432 shares during the period. TPG GP A LLC boosted its position in shares of Vail Resorts by 17.4% during the second quarter. TPG GP A LLC now owns 899,446 shares of the company’s stock worth $162,017,000 after buying an additional 133,607 shares during the period. The Manufacturers Life Insurance Company boosted its position in shares of Vail Resorts by 673.1% during the second quarter. The Manufacturers Life Insurance Company now owns 635,546 shares of the company’s stock worth $114,481,000 after buying an additional 553,337 shares during the period. Nordea Investment Management AB boosted its position in shares of Vail Resorts by 5.9% during the first quarter. Nordea Investment Management AB now owns 441,749 shares of the company’s stock worth $98,470,000 after buying an additional 24,456 shares during the period. Finally, Dimensional Fund Advisors LP boosted its position in shares of Vail Resorts by 36.3% during the second quarter. Dimensional Fund Advisors LP now owns 356,386 shares of the company’s stock worth $64,195,000 after buying an additional 94,923 shares during the period. 94.94% of the stock is owned by institutional investors and hedge funds.

Vail Resorts Company Profile

Vail Resorts, Inc, through its subsidiaries, operates mountain resorts and regional ski areas in the United States. It operates through three segments: Mountain, Lodging, and Real Estate. The Mountain segment operates 41 destination mountain resorts and regional ski areas. This segment is also involved in the ancillary activities, including ski school, dining, and retail/rental operations, as well as real estate brokerage activities.