Vail Resorts (NYSE:MTN) Upgraded at StockNews.com

StockNews.com upgraded shares of Vail Resorts (NYSE:MTN) from a sell rating to a hold rating in a report released on Monday morning.

MTN has been the subject of several other reports. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Vail Resorts from $218.00 to $194.00 and set a “hold” rating for the company in a research note on Monday, September 16th. Morgan Stanley upped their price target on Vail Resorts from $179.00 to $182.00 and gave the stock an “equal weight” rating in a research note on Wednesday, September 25th. Macquarie restated a “neutral” rating and issued a $180.00 price objective on shares of Vail Resorts in a report on Wednesday, October 2nd. Barclays decreased their target price on Vail Resorts from $161.00 to $155.00 and set an “underweight” rating for the company in a report on Friday, September 27th. Finally, 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 research note on Friday, September 27th. Two analysts have rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $208.22.

Vail Resorts Stock Up 7.2 %

Shares of NYSE:MTN opened at $179.98 on Monday. The company has a current ratio of 0.82, a quick ratio of 0.71 and a debt-to-equity ratio of 2.62. The firm has a market cap of $6.75 billion, a price-to-earnings ratio of 29.85, a PEG ratio of 1.59 and a beta of 1.13. The stock’s 50-day moving average price is $176.20 and its two-hundred day moving average price is $181.49. Vail Resorts has a 12-month low of $165.00 and a 12-month high of $236.92.

Vail Resorts (NYSE:MTN) last released 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 20.76% and a net margin of 7.99%. The company had revenue of $265.39 million during the quarter, compared to analyst estimates of $264.84 million. During the same period in the prior year, the business posted ($3.35) earnings per share. Vail Resorts’s revenue was down 1.6% on a year-over-year basis. On average, research analysts forecast that Vail Resorts will post 7.27 EPS for the current year.

Vail Resorts Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, October 24th. Investors of record on Tuesday, October 8th were paid a dividend of $2.22 per share. This represents a $8.88 annualized dividend and a yield of 4.93%. The ex-dividend date of this dividend was Tuesday, October 8th. Vail Resorts’s dividend payout ratio (DPR) is 147.26%.

Insiders Place Their Bets

In other Vail Resorts news, CFO Angela A. Korch bought 165 shares of the company’s stock in a transaction dated Thursday, October 3rd. The shares were acquired at an average cost of $173.09 per share, with a total value of $28,559.85. Following the completion of the transaction, the chief financial officer now owns 2,187 shares in the company, valued at $378,547.83. The trade was a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CFO Angela A. Korch acquired 165 shares of the firm’s stock in a transaction on Thursday, October 3rd. The stock was bought at an average cost of $173.09 per share, with a total value of $28,559.85. Following the acquisition, the chief financial officer now directly owns 2,187 shares in the company, valued at approximately $378,547.83. The trade was a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Robert A. Katz sold 9,296 shares of the company’s stock in a transaction dated Wednesday, October 2nd. The shares were sold at an average price of $175.98, for a total transaction of $1,635,910.08. Following the completion of the sale, the insider now owns 245,961 shares in the company, valued at approximately $43,284,216.78. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 1.20% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Vail Resorts

Institutional investors have recently made changes to their positions in the company. Allspring Global Investments Holdings LLC bought a new stake in Vail Resorts during the first quarter valued at $118,000. First Trust Direct Indexing L.P. bought a new stake in shares of Vail Resorts during the 1st quarter valued at about $202,000. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Vail Resorts during the 1st quarter valued at about $3,218,000. Tokio Marine Asset Management Co. Ltd. raised its stake in Vail Resorts by 15.8% during the first quarter. Tokio Marine Asset Management Co. Ltd. now owns 1,712 shares of the company’s stock worth $381,000 after acquiring an additional 233 shares during the period. Finally, Fidelis Capital Partners LLC bought a new position in Vail Resorts in the first quarter worth about $110,000. 94.94% of the stock is currently owned by institutional investors.

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.