Vail Resorts (NYSE:MTN) Shares Gap Up – What’s Next?

Vail Resorts, Inc. (NYSE:MTN)’s stock price gapped up prior to trading on Monday . The stock had previously closed at $166.70, but opened at $171.00. Vail Resorts shares last traded at $172.83, with a volume of 222,911 shares traded.

Wall Street Analysts Forecast Growth

Several research firms have commented on MTN. Barclays boosted their target price on shares of Vail Resorts from $155.00 to $165.00 and gave the stock an “underweight” rating in a research report on Tuesday, December 10th. Macquarie boosted their price target on Vail Resorts from $180.00 to $195.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 11th. JPMorgan Chase & Co. lowered their price objective on Vail Resorts from $176.00 to $166.00 and set an “underweight” rating on the stock in a report on Friday, January 17th. Truist Financial reduced their target price on Vail Resorts from $250.00 to $247.00 and set a “buy” rating for the company in a report on Tuesday, December 10th. Finally, StockNews.com raised shares of Vail Resorts from a “sell” rating to a “hold” rating in a research report on Friday, December 13th. Two analysts have rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $204.50.

Vail Resorts Stock Up 4.0 %

The company has a debt-to-equity ratio of 3.64, a quick ratio of 0.51 and a current ratio of 0.63. The firm has a market cap of $6.49 billion, a price-to-earnings ratio of 28.80, a PEG ratio of 2.13 and a beta of 1.12. The business’s 50-day moving average is $183.33 and its 200-day moving average is $179.17.

Vail Resorts (NYSE:MTN) last posted its quarterly earnings data on Monday, December 9th. The company reported ($4.61) earnings per share (EPS) for the quarter, topping the consensus estimate of ($4.99) by $0.38. The firm had revenue of $260.28 million for the quarter, compared to the consensus estimate of $251.45 million. Vail Resorts had a return on equity of 21.90% and a net margin of 8.07%. The business’s revenue for the quarter was up .7% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($4.60) EPS. On average, equities analysts predict that Vail Resorts, Inc. will post 7.62 EPS for the current year.

Vail Resorts Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Stockholders of record on Thursday, December 26th were paid a $2.22 dividend. This represents a $8.88 annualized dividend and a dividend yield of 5.12%. The ex-dividend date was Thursday, December 26th. Vail Resorts’s dividend payout ratio (DPR) is presently 147.51%.

Hedge Funds Weigh In On Vail Resorts

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Miracle Mile Advisors LLC lifted its stake in shares of Vail Resorts by 3.2% in the 4th quarter. Miracle Mile Advisors LLC now owns 2,121 shares of the company’s stock valued at $398,000 after purchasing an additional 65 shares during the period. Raleigh Capital Management Inc. raised its position in shares of Vail Resorts by 20.6% in the 4th quarter. Raleigh Capital Management Inc. now owns 393 shares of the company’s stock valued at $74,000 after acquiring an additional 67 shares during the period. UMB Bank n.a. grew its holdings in Vail Resorts by 37.9% during the fourth quarter. UMB Bank n.a. now owns 302 shares of the company’s stock valued at $57,000 after purchasing an additional 83 shares during the period. Creative Financial Designs Inc. ADV increased its stake in Vail Resorts by 27.6% in the third quarter. Creative Financial Designs Inc. ADV now owns 412 shares of the company’s stock valued at $72,000 after purchasing an additional 89 shares in the last quarter. Finally, Lebenthal Global Advisors LLC grew its holdings in shares of Vail Resorts by 5.5% in the 4th quarter. Lebenthal Global Advisors LLC now owns 2,092 shares of the company’s stock valued at $392,000 after buying an additional 110 shares during the period. 94.94% of the stock is 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.