Vail Resorts (NYSE:MTN) Reaches New 1-Year Low – Should You Sell?

Shares of Vail Resorts, Inc. (NYSE:MTN) hit a new 52-week low on Friday . The stock traded as low as $146.74 and last traded at $148.20, with a volume of 119018 shares trading hands. The stock had previously closed at $155.00.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on MTN. Truist Financial cut their price target on Vail Resorts from $250.00 to $247.00 and set a “buy” rating for the company in a research note on Tuesday, December 10th. Barclays restated an “underweight” rating and set a $152.00 price objective (down previously from $165.00) on shares of Vail Resorts in a research report on Monday, March 10th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Vail Resorts from $185.00 to $196.00 and gave the stock a “hold” rating in a research note on Monday, December 9th. JPMorgan Chase & Co. increased their price target on shares of Vail Resorts from $166.00 to $167.00 and gave the stock an “underweight” rating in a report on Tuesday, March 11th. Finally, Stifel Nicolaus boosted their target price 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 equities research analysts have rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, Vail Resorts has a consensus rating of “Hold” and a consensus target price of $193.56.

Vail Resorts Price Performance

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 stock has a market capitalization of $5.41 billion, a PE ratio of 24.08, a P/E/G ratio of 1.93 and a beta of 0.93. The company has a 50-day moving average of $161.95 and a two-hundred day moving average of $173.30.

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

Vail Resorts Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 10th. Stockholders of record on Thursday, March 27th will be issued a dividend of $2.22 per share. The ex-dividend date is Thursday, March 27th. This represents a $8.88 dividend on an annualized basis and a dividend yield of 6.13%. Vail Resorts’s payout ratio is 130.21%.

Insider Buying and Selling

In other news, CFO Angela A. Korch purchased 185 shares of the company’s stock in a transaction on Thursday, March 13th. The stock was bought at an average cost of $160.00 per share, for a total transaction of $29,600.00. Following the completion of the purchase, the chief financial officer now directly owns 2,956 shares of the company’s stock, valued at $472,960. The trade was a 6.68 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 1.20% of the company’s stock.

Institutional Trading of Vail Resorts

A number of institutional investors have recently modified their holdings of the company. FMR LLC grew its stake in Vail Resorts by 1,080.8% during the third quarter. FMR LLC now owns 207,809 shares of the company’s stock worth $36,219,000 after buying an additional 190,210 shares during the period. Captrust Financial Advisors boosted its position in Vail Resorts by 13.8% during the 3rd quarter. Captrust Financial Advisors now owns 2,363 shares of the company’s stock worth $412,000 after purchasing an additional 286 shares during the period. Benjamin Edwards Inc. acquired a new stake in Vail Resorts in the 3rd quarter valued at $335,000. Quarry LP raised its position in Vail Resorts by 418.6% in the third quarter. Quarry LP now owns 363 shares of the company’s stock valued at $63,000 after purchasing an additional 293 shares during the period. Finally, Quadrature Capital Ltd acquired a new position in shares of Vail Resorts during the third quarter worth about $765,000. Hedge funds and other institutional investors own 94.94% of the company’s stock.

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.