Vail Resorts (NYSE:MTN) Hits New 52-Week Low – Here’s Why

Vail Resorts, Inc. (NYSE:MTN) hit a new 52-week low during trading on Monday . The stock traded as low as $152.85 and last traded at $153.74, with a volume of 477838 shares. The stock had previously closed at $157.51.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on MTN shares. Truist Financial reduced their price target on shares of Vail Resorts from $250.00 to $247.00 and set a “buy” rating on the stock in a research note on Tuesday, December 10th. Mizuho cut their target price on shares of Vail Resorts from $227.00 to $215.00 and set an “outperform” rating on the stock in a research report on Tuesday. Macquarie decreased their target price on shares of Vail Resorts from $195.00 to $185.00 and set a “neutral” rating on the stock in a research note on Wednesday. Deutsche Bank Aktiengesellschaft increased 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, December 9th. Finally, Stifel Nicolaus boosted their price objective on Vail Resorts from $216.00 to $217.00 and gave the stock a “buy” rating in a research report on Tuesday, December 10th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $193.56.

Vail Resorts Trading Down 2.3 %

The company has a debt-to-equity ratio of 3.64, a current ratio of 0.63 and a quick ratio of 0.51. The company has a market cap of $6.05 billion, a price-to-earnings ratio of 26.86, a price-to-earnings-growth ratio of 1.93 and a beta of 1.12. The business’s fifty day moving average price is $168.46 and its 200 day moving average price is $175.96.

Vail Resorts (NYSE:MTN) last issued its quarterly earnings results on Monday, March 10th. The company reported $6.56 earnings per share for the quarter, beating the consensus estimate of $6.29 by $0.27. The company had revenue of $1.14 billion during the quarter, compared to analysts’ expectations of $1.14 billion. Vail Resorts had a return on equity of 21.90% and a net margin of 8.07%. The business’s quarterly revenue was up 5.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $5.76 earnings per share. Research analysts anticipate that Vail Resorts, Inc. will post 7.62 earnings per share for the current fiscal year.

Vail Resorts Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders of record on Thursday, March 27th will be issued a dividend of $2.22 per share. The ex-dividend date of this dividend is Thursday, March 27th. This represents a $8.88 annualized dividend and a yield of 5.49%. Vail Resorts’s payout ratio is 147.51%.

Institutional Investors Weigh In On Vail Resorts

A number of institutional investors have recently modified their holdings of the company. Norges Bank acquired a new position in Vail Resorts in the fourth quarter valued at $80,669,000. Point72 Asset Management L.P. grew its holdings in Vail Resorts by 170.1% during the 4th quarter. Point72 Asset Management L.P. now owns 546,423 shares of the company’s stock worth $102,427,000 after acquiring an additional 344,095 shares during the period. The Manufacturers Life Insurance Company raised its position in shares of Vail Resorts by 42.1% in the 4th quarter. The Manufacturers Life Insurance Company now owns 976,468 shares of the company’s stock worth $183,039,000 after acquiring an additional 289,484 shares in the last quarter. Wealthfront Advisers LLC acquired a new position in shares of Vail Resorts in the 4th quarter valued at about $42,532,000. Finally, FMR LLC boosted its position in shares of Vail Resorts by 1,080.8% during the 3rd quarter. FMR LLC now owns 207,809 shares of the company’s stock valued at $36,219,000 after purchasing an additional 190,210 shares in the last quarter. 94.94% of the stock is owned by 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.