Vail Resorts (NYSE:MTN) Reaches New 1-Year Low – What’s Next?

Vail Resorts, Inc. (NYSE:MTN)’s stock price reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $163.72 and last traded at $164.49, with a volume of 139 shares. The stock had previously closed at $164.93.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. Stifel Nicolaus increased their price target on shares of Vail Resorts from $216.00 to $217.00 and gave the stock a “buy” rating in a research report on Tuesday, December 10th. Macquarie increased their price target on shares of Vail Resorts from $180.00 to $195.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 11th. Truist Financial dropped their price target on shares of Vail Resorts from $250.00 to $247.00 and set a “buy” rating for the company in a research report on Tuesday, December 10th. UBS Group assumed coverage on shares of Vail Resorts in a research report on Thursday, November 14th. They issued a “neutral” rating and a $185.00 price target for the company. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on shares of Vail Resorts from $185.00 to $196.00 and gave the stock a “hold” rating in a report on Monday, December 9th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $204.50.

Vail Resorts Trading Down 2.7 %

The company has a quick ratio of 0.51, a current ratio of 0.63 and a debt-to-equity ratio of 3.64. The firm has a market cap of $6.01 billion, a price-to-earnings ratio of 26.66, a price-to-earnings-growth ratio of 2.07 and a beta of 1.11. The business’s fifty day moving average is $177.83 and its two-hundred day moving average is $177.63.

Vail Resorts (NYSE:MTN) last announced its quarterly earnings data on Monday, December 9th. The company reported ($4.61) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($4.99) by $0.38. Vail Resorts had a net margin of 8.07% and a return on equity of 21.90%. The firm had revenue of $260.28 million for the quarter, compared to analysts’ expectations of $251.45 million. During the same period last year, the firm earned ($4.60) earnings per share. The business’s revenue for the quarter was up .7% on a year-over-year basis. Equities analysts anticipate that Vail Resorts, Inc. will post 7.62 earnings per share for the current fiscal year.

Vail Resorts Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Thursday, December 26th were paid a $2.22 dividend. The ex-dividend date was Thursday, December 26th. This represents a $8.88 dividend on an annualized basis and a yield of 5.53%. Vail Resorts’s payout ratio 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 MTN. V Square Quantitative Management LLC bought a new position in Vail Resorts in the third quarter valued at approximately $25,000. Capital Performance Advisors LLP bought a new position in shares of Vail Resorts during the third quarter worth $25,000. Heck Capital Advisors LLC bought a new position in shares of Vail Resorts during the fourth quarter worth $33,000. Blue Trust Inc. boosted its position in shares of Vail Resorts by 246.7% during the fourth quarter. Blue Trust Inc. now owns 208 shares of the company’s stock worth $36,000 after purchasing an additional 148 shares in the last quarter. Finally, Eagle Bay Advisors LLC bought a new position in shares of Vail Resorts during the fourth quarter worth $40,000. 94.94% of the stock is owned by institutional investors.

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.