Vail Resorts (NYSE:MTN) Reaches New 52-Week Low – Here’s What Happened

Vail Resorts, Inc. (NYSE:MTN)’s share price reached a new 52-week low on Tuesday . The company traded as low as $164.35 and last traded at $165.30, with a volume of 12724 shares changing hands. The stock had previously closed at $165.87.

Analyst Upgrades and Downgrades

Several research firms have issued reports on MTN. Barclays increased their target price on Vail Resorts from $155.00 to $165.00 and gave the stock an “underweight” rating in a research report on Tuesday, December 10th. Macquarie increased their price objective on Vail Resorts from $180.00 to $195.00 and gave the stock a “neutral” rating in a report on Wednesday, December 11th. StockNews.com raised Vail Resorts from a “sell” rating to a “hold” rating in a report on Friday, December 13th. UBS Group began coverage on shares of Vail Resorts in a report on Thursday, November 14th. They issued a “neutral” rating and a $185.00 price target on the stock. Finally, JPMorgan Chase & Co. cut their price objective on shares of Vail Resorts from $176.00 to $166.00 and set an “underweight” rating for the company in a research report on Friday, January 17th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, Vail Resorts has a consensus rating of “Hold” and an average price target of $204.50.

Vail Resorts Trading Down 0.6 %

The stock’s 50 day simple moving average is $180.05 and its 200 day simple moving average is $178.09. The firm has a market cap of $6.19 billion, a PE ratio of 27.46, a PEG ratio of 2.07 and a beta of 1.11. The company has a debt-to-equity ratio of 3.64, a quick ratio of 0.51 and a current ratio of 0.63.

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 analysts’ consensus estimates of ($4.99) by $0.38. The company had revenue of $260.28 million during the quarter, compared to the consensus estimate of $251.45 million. Vail Resorts had a net margin of 8.07% and a return on equity of 21.90%. The firm’s revenue was up .7% compared to the same quarter last year. During the same period in the previous year, the firm posted ($4.60) EPS. On average, sell-side analysts forecast that Vail Resorts, Inc. will post 7.62 earnings per share for the current fiscal year.

Vail Resorts Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Stockholders of record on Thursday, December 26th were given a dividend of $2.22 per share. The ex-dividend date of this dividend was Thursday, December 26th. This represents a $8.88 annualized dividend and a dividend yield of 5.37%. Vail Resorts’s dividend payout ratio (DPR) is presently 147.51%.

Institutional Trading of Vail Resorts

Hedge funds have recently bought and sold shares of the company. V Square Quantitative Management LLC purchased a new position in shares of Vail Resorts during the third quarter worth approximately $25,000. Capital Performance Advisors LLP bought a new position in shares of Vail Resorts during the 3rd quarter valued at $25,000. Heck Capital Advisors LLC purchased a new position in Vail Resorts in the 4th quarter worth $33,000. Blue Trust Inc. lifted its stake in Vail Resorts by 246.7% in the fourth quarter. Blue Trust Inc. now owns 208 shares of the company’s stock worth $36,000 after purchasing an additional 148 shares during the last quarter. Finally, Eagle Bay Advisors LLC bought a new stake in Vail Resorts in the fourth quarter worth $40,000. Institutional investors own 94.94% of the company’s stock.

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.