Stifel Nicolaus Cuts Vail Resorts (NYSE:MTN) Price Target to $216.00

Vail Resorts (NYSE:MTN) had its target price cut by Stifel Nicolaus from $223.00 to $216.00 in a research report report published on Friday morning, Benzinga reports. They currently have a buy rating on the stock.

MTN has been the topic of several other research reports. Mizuho cut their price objective on Vail Resorts from $256.00 to $231.00 and set a buy rating on the stock in a research report on Friday, June 7th. Deutsche Bank Aktiengesellschaft cut their price objective on Vail Resorts from $218.00 to $194.00 and set a hold rating on the stock in a research report on Monday, September 16th. JPMorgan Chase & Co. downgraded Vail Resorts from a neutral rating to an underweight rating and cut their price objective for the company from $217.00 to $176.00 in a research report on Friday, June 7th. Barclays cut their price objective on Vail Resorts from $201.00 to $161.00 and set an underweight rating on the stock in a research report on Friday, June 7th. Finally, Morgan Stanley upped their price objective 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. Three investment analysts have rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of Hold and a consensus price target of $211.75.

Vail Resorts Stock Performance

NYSE MTN opened at $180.61 on Friday. The company has a market cap of $6.80 billion, a P/E ratio of 24.57, a P/E/G ratio of 2.56 and a beta of 1.14. The company has a debt-to-equity ratio of 2.04, a quick ratio of 1.08 and a current ratio of 1.18. The business’s 50 day moving average price is $179.54 and its 200-day moving average price is $191.51. Vail Resorts has a fifty-two week low of $165.14 and a fifty-two week high of $242.47.

Vail Resorts (NYSE:MTN) last released its earnings results on Thursday, September 26th. The company reported ($4.67) earnings per share for the quarter, missing the consensus estimate of ($4.28) by ($0.39). The company had revenue of $265.39 million for the quarter, compared to the consensus estimate of $264.84 million. Vail Resorts had a net margin of 9.59% and a return on equity of 23.41%. The business’s revenue for the quarter was down 1.6% compared to the same quarter last year. During the same period in the prior year, the firm posted ($3.35) EPS. Sell-side analysts predict that Vail Resorts will post 6.44 earnings per share for the current year.

Vail Resorts Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 24th. Stockholders of record on Tuesday, October 8th will be given a dividend of $2.22 per share. This represents a $8.88 dividend on an annualized basis and a dividend yield of 4.92%. The ex-dividend date is Tuesday, October 8th. Vail Resorts’s payout ratio is 120.82%.

Hedge Funds Weigh In On Vail Resorts

Hedge funds and other institutional investors have recently made changes to their positions in the company. Signaturefd LLC lifted its stake in shares of Vail Resorts by 150.9% during the 2nd quarter. Signaturefd LLC now owns 138 shares of the company’s stock worth $25,000 after purchasing an additional 83 shares during the last quarter. Quarry LP purchased a new stake in shares of Vail Resorts during the 4th quarter worth $35,000. Brown Brothers Harriman & Co. lifted its stake in shares of Vail Resorts by 318.8% during the 2nd quarter. Brown Brothers Harriman & Co. now owns 201 shares of the company’s stock worth $36,000 after purchasing an additional 153 shares during the last quarter. Canton Hathaway LLC lifted its stake in shares of Vail Resorts by 66.7% during the 2nd quarter. Canton Hathaway LLC now owns 250 shares of the company’s stock worth $45,000 after purchasing an additional 100 shares during the last quarter. Finally, Triad Wealth Partners LLC purchased a new stake in shares of Vail Resorts during the 2nd quarter worth $51,000. 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.