Vail Resorts (NYSE:MTN) Sets New 12-Month Low – What’s Next?

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

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. JPMorgan Chase & Co. upped their price objective on Vail Resorts from $166.00 to $167.00 and gave the stock an “underweight” rating in a research report on Tuesday. Morgan Stanley reduced their price objective on shares of Vail Resorts from $197.00 to $178.00 and set an “equal weight” rating for the company in a research note on Tuesday. StockNews.com upgraded Vail Resorts from a “sell” rating to a “hold” rating in a report on Friday, December 13th. Macquarie dropped their target price on Vail Resorts from $195.00 to $185.00 and set a “neutral” rating on the stock in a report on Wednesday. Finally, Barclays reissued an “underweight” rating and set a $152.00 price target (down from $165.00) on shares of Vail Resorts in a research report on Monday. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and three have given 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 $193.56.

Vail Resorts Stock Performance

The stock’s 50-day simple moving average is $168.46 and its 200-day simple moving average is $175.96. The stock 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 company has a current ratio of 0.63, a quick ratio of 0.51 and a debt-to-equity ratio of 3.64.

Vail Resorts (NYSE:MTN) last issued its quarterly earnings results on Monday, March 10th. The company reported $6.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.29 by $0.27. The business had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.14 billion. Vail Resorts had a return on equity of 21.90% and a net margin of 8.07%. The firm’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $5.76 earnings per share. Analysts forecast that Vail Resorts, Inc. will post 7.62 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, April 10th. Investors of record on Thursday, March 27th will be paid a $2.22 dividend. This represents a $8.88 dividend on an annualized basis and a yield of 5.49%. The ex-dividend date is Thursday, March 27th. Vail Resorts’s dividend payout ratio (DPR) is presently 147.51%.

Institutional Investors Weigh In On Vail Resorts

Large investors have recently bought and sold shares of the company. Norges Bank bought a new stake in shares of Vail Resorts during the 4th quarter worth approximately $80,669,000. Point72 Asset Management L.P. raised its position in Vail Resorts by 170.1% during the fourth quarter. Point72 Asset Management L.P. now owns 546,423 shares of the company’s stock valued at $102,427,000 after purchasing an additional 344,095 shares in the last quarter. The Manufacturers Life Insurance Company lifted its stake in Vail Resorts by 42.1% during the fourth quarter. The Manufacturers Life Insurance Company now owns 976,468 shares of the company’s stock worth $183,039,000 after purchasing an additional 289,484 shares during the last quarter. Wealthfront Advisers LLC acquired a new stake in shares of Vail Resorts in the 4th quarter valued at $42,532,000. Finally, FMR LLC increased its stake in shares of Vail Resorts by 1,080.8% in 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 during the last quarter. 94.94% of the stock is currently owned by institutional investors and hedge funds.

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.