Vail Resorts (NYSE:MTN) PT Lowered to $155.00 at Barclays

Vail Resorts (NYSE:MTN) had its target price trimmed by Barclays from $161.00 to $155.00 in a report released on Friday, Benzinga reports. The firm currently has an underweight rating on the stock.

A number of other equities research analysts have also weighed in on the stock. Stifel Nicolaus decreased their price objective on shares of Vail Resorts from $223.00 to $216.00 and set a buy rating for the company in a report on Friday. JPMorgan Chase & Co. lowered Vail Resorts from a neutral rating to an underweight rating and lowered their price target for the company from $217.00 to $176.00 in a report on Friday, June 7th. Deutsche Bank Aktiengesellschaft dropped their price objective on Vail Resorts from $218.00 to $194.00 and set a hold rating on the stock in a research note on Monday, September 16th. Morgan Stanley lifted their target price on Vail Resorts from $179.00 to $182.00 and gave the company an equal weight rating in a research report on Wednesday, September 25th. Finally, Mizuho cut their price target 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. Three research analysts have rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of Hold and an average price target of $211.75.

Vail Resorts Price Performance

NYSE:MTN opened at $180.61 on Friday. The business’s 50-day simple moving average is $179.54 and its two-hundred day simple moving average is $191.51. Vail Resorts has a 52 week low of $165.14 and a 52 week high of $242.47. The stock has a market cap of $6.80 billion, a PE ratio of 24.57, a P/E/G ratio of 2.56 and a beta of 1.14. The company has a quick ratio of 1.08, a current ratio of 1.18 and a debt-to-equity ratio of 2.04.

Vail Resorts (NYSE:MTN) last issued 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 23.41% and a net margin of 9.59%. The firm had revenue of $265.39 million during the quarter, compared to the consensus estimate of $264.84 million. During the same period last year, the firm posted ($3.35) earnings per share. The company’s revenue for the quarter was down 1.6% compared to the same quarter last year. As a group, analysts forecast that Vail Resorts will post 6.44 EPS for the current fiscal year.

Vail Resorts Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 24th. Investors of record on Tuesday, October 8th will be issued a dividend of $2.22 per share. This represents a $8.88 annualized dividend and a yield of 4.92%. The ex-dividend date is Tuesday, October 8th. Vail Resorts’s dividend payout ratio (DPR) is 120.82%.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of MTN. The Manufacturers Life Insurance Company increased its holdings in shares of Vail Resorts by 673.1% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 635,546 shares of the company’s stock valued at $114,481,000 after purchasing an additional 553,337 shares in the last quarter. First Pacific Advisors LP acquired a new position in shares of Vail Resorts in the second quarter worth about $62,466,000. APG Asset Management US Inc. purchased a new stake in shares of Vail Resorts during the 4th quarter worth about $37,684,000. AQR Capital Management LLC grew its position in shares of Vail Resorts by 1,063.7% during the 2nd quarter. AQR Capital Management LLC now owns 177,033 shares of the company’s stock valued at $31,767,000 after acquiring an additional 161,820 shares during the period. Finally, TPG GP A LLC increased its stake in shares of Vail Resorts by 17.4% in the 2nd quarter. TPG GP A LLC now owns 899,446 shares of the company’s stock valued at $162,017,000 after purchasing an additional 133,607 shares in the last quarter. 94.94% of the stock is owned by institutional investors and hedge funds.

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.