Vail Resorts (NYSE:MTN) Stock Rating Reaffirmed by Macquarie

Macquarie reaffirmed their neutral rating on shares of Vail Resorts (NYSE:MTN) in a research note published on Wednesday, Benzinga reports. The brokerage currently has a $180.00 price target on the stock.

Several other analysts have also issued reports on MTN. Deutsche Bank Aktiengesellschaft dropped their target price on Vail Resorts from $218.00 to $194.00 and set a hold rating on the stock in a report on Monday, September 16th. Morgan Stanley upped their price objective 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. Mizuho dropped their price objective on Vail Resorts from $256.00 to $231.00 and set a buy rating on the stock in a research note on Friday, June 7th. Stifel Nicolaus dropped their price objective on Vail Resorts from $223.00 to $216.00 and set a buy rating on the stock in a research note on Friday, September 27th. Finally, StockNews.com lowered Vail Resorts from a hold rating to a sell rating in a research note on Friday, September 27th. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of Hold and a consensus price target of $208.22.

Vail Resorts Stock Down 0.5 %

MTN stock opened at $173.25 on Wednesday. Vail Resorts has a fifty-two week low of $165.14 and a fifty-two week high of $236.92. The stock has a market capitalization of $6.52 billion, a P/E ratio of 23.57, a P/E/G ratio of 1.63 and a beta of 1.13. The company has a debt-to-equity ratio of 2.62, a current ratio of 0.82 and a quick ratio of 0.71. The business has a 50-day moving average of $179.06 and a 200-day moving average of $190.64.

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

Vail Resorts Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 24th. Stockholders of record on Tuesday, October 8th will be paid a dividend of $2.22 per share. The ex-dividend date is Tuesday, October 8th. This represents a $8.88 dividend on an annualized basis and a dividend yield of 5.13%. Vail Resorts’s dividend payout ratio (DPR) is currently 120.82%.

Insider Transactions at Vail Resorts

In other news, Director John F. Sorte sold 1,670 shares of the stock in a transaction that occurred on Wednesday, October 2nd. The stock was sold at an average price of $173.07, for a total transaction of $289,026.90. Following the transaction, the director now owns 45,111 shares in the company, valued at approximately $7,807,360.77. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, Director John F. Sorte sold 1,670 shares of the stock in a transaction that occurred on Wednesday, October 2nd. The stock was sold at an average price of $173.07, for a total transaction of $289,026.90. Following the sale, the director now owns 45,111 shares of the company’s stock, valued at $7,807,360.77. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Robert A. Katz sold 9,296 shares of the firm’s stock in a transaction on Wednesday, October 2nd. The shares were sold at an average price of $175.98, for a total value of $1,635,910.08. Following the completion of the sale, the insider now directly owns 245,961 shares in the company, valued at approximately $43,284,216.78. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 1.20% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Signaturefd LLC lifted its stake in shares of Vail Resorts by 150.9% in the 2nd quarter. Signaturefd LLC now owns 138 shares of the company’s stock valued at $25,000 after acquiring an additional 83 shares during the last quarter. Quarry LP bought a new position in shares of Vail Resorts in the 4th quarter valued at $35,000. Brown Brothers Harriman & Co. lifted its stake in shares of Vail Resorts by 318.8% in the 2nd quarter. Brown Brothers Harriman & Co. now owns 201 shares of the company’s stock valued at $36,000 after acquiring an additional 153 shares during the last quarter. Canton Hathaway LLC lifted its stake in shares of Vail Resorts by 66.7% in the 2nd quarter. Canton Hathaway LLC now owns 250 shares of the company’s stock valued at $45,000 after acquiring an additional 100 shares during the last quarter. Finally, Triad Wealth Partners LLC bought a new position in shares of Vail Resorts in the 2nd quarter valued at $51,000. 94.94% of the stock is currently owned by institutional investors.

About Vail Resorts

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.