Vail Resorts (NYSE:MTN) Price Target Raised to $165.00

Vail Resorts (NYSE:MTN) had its price target hoisted by Barclays from $155.00 to $165.00 in a research note published on Tuesday,Benzinga reports. Barclays currently has an underweight rating on the stock.

MTN has been the subject of a number of other reports. Macquarie restated a “neutral” rating and set a $180.00 price target on shares of Vail Resorts in a research note on Wednesday, October 2nd. Stifel Nicolaus cut their price target on Vail Resorts from $223.00 to $216.00 and set a “buy” rating for the company in a research note on Friday, September 27th. Mizuho boosted their price target on Vail Resorts from $222.00 to $227.00 and gave the company an “outperform” rating in a research note on Tuesday. Deutsche Bank Aktiengesellschaft boosted their price target on Vail Resorts from $185.00 to $196.00 and gave the company a “hold” rating in a research note on Monday. Finally, Morgan Stanley boosted their price target on Vail Resorts from $179.00 to $182.00 and gave the company an “equal weight” rating in a research note on Wednesday, September 25th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, Vail Resorts has a consensus rating of “Hold” and an average price target of $204.00.

Vail Resorts Price Performance

NYSE MTN opened at $195.44 on Tuesday. Vail Resorts has a one year low of $165.00 and a one year high of $236.92. The stock has a 50-day moving average of $176.27 and a 200 day moving average of $178.67. The company has a market capitalization of $7.33 billion, a price-to-earnings ratio of 32.41, a PEG ratio of 1.97 and a beta of 1.14. The company has a debt-to-equity ratio of 2.62, a quick ratio of 0.71 and a current ratio of 0.82.

Vail Resorts (NYSE:MTN) last released its quarterly earnings data on Monday, December 9th. The company reported ($4.61) EPS for the quarter, topping the consensus estimate of ($4.99) by $0.38. The company had revenue of $260.28 million during the quarter, compared to the consensus estimate of $251.45 million. Vail Resorts had a return on equity of 20.76% and a net margin of 7.99%. Vail Resorts’s revenue for the quarter was up .7% on a year-over-year basis. During the same period last year, the company earned ($4.60) EPS. On average, sell-side analysts forecast that Vail Resorts will post 7.23 EPS for the current year.

Vail Resorts Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 9th. Investors of record on Thursday, December 26th will be paid a dividend of $2.22 per share. The ex-dividend date is Thursday, December 26th. This represents a $8.88 dividend on an annualized basis and a dividend yield of 4.54%. Vail Resorts’s dividend payout ratio (DPR) is presently 147.26%.

Insider Buying and Selling

In other Vail Resorts news, CFO Angela A. Korch purchased 165 shares of the stock in a transaction that occurred on Thursday, October 3rd. The shares were bought at an average cost of $173.09 per share, with a total value of $28,559.85. Following the acquisition, the chief financial officer now owns 2,187 shares in the company, valued at approximately $378,547.83. This trade represents a 8.16 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Robert A. Katz sold 9,296 shares of the business’s stock in a transaction that occurred on Wednesday, October 2nd. The stock was sold at an average price of $175.98, for a total value of $1,635,910.08. Following the completion of the transaction, the insider now directly owns 245,961 shares in the company, valued at approximately $43,284,216.78. This represents a 3.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.20% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in MTN. Wealth Enhancement Advisory Services LLC purchased a new position in Vail Resorts in the 2nd quarter worth approximately $257,000. GPS Wealth Strategies Group LLC raised its holdings in shares of Vail Resorts by 37.2% during the 2nd quarter. GPS Wealth Strategies Group LLC now owns 479 shares of the company’s stock worth $86,000 after acquiring an additional 130 shares in the last quarter. Envestnet Portfolio Solutions Inc. raised its holdings in shares of Vail Resorts by 25.6% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 7,988 shares of the company’s stock worth $1,439,000 after acquiring an additional 1,626 shares in the last quarter. Assenagon Asset Management S.A. raised its holdings in shares of Vail Resorts by 620.0% during the 2nd quarter. Assenagon Asset Management S.A. now owns 16,610 shares of the company’s stock worth $2,992,000 after acquiring an additional 14,303 shares in the last quarter. Finally, Triad Wealth Partners LLC purchased a new stake in shares of Vail Resorts during the 2nd quarter worth approximately $51,000. 94.94% of the stock is owned by hedge funds and other institutional investors.

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.