Conestoga Capital Advisors LLC Grows Stock Position in Vail Resorts, Inc. (NYSE:MTN)

Conestoga Capital Advisors LLC raised its holdings in Vail Resorts, Inc. (NYSE:MTNGet Rating) by 2.6% in the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 76,159 shares of the company’s stock after buying an additional 1,950 shares during the quarter. Conestoga Capital Advisors LLC owned about 0.19% of Vail Resorts worth $19,822,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in MTN. UMB Bank N A MO purchased a new stake in Vail Resorts in the fourth quarter valued at about $32,000. CWM LLC purchased a new stake in Vail Resorts in the fourth quarter valued at about $34,000. National Bank of Canada FI purchased a new position in shares of Vail Resorts in the fourth quarter worth about $46,000. Baldwin Brothers LLC MA purchased a new position in shares of Vail Resorts in the first quarter worth about $52,000. Finally, Curi Wealth Management LLC purchased a new position in shares of Vail Resorts in the fourth quarter worth about $83,000.

Vail Resorts stock opened at $223.87 on Wednesday. The firm has a market cap of $9.01 billion, a price-to-earnings ratio of 29.07 and a beta of 1.21. Vail Resorts, Inc. has a 52 week low of $213.60 and a 52 week high of $376.24. The business’s 50-day moving average price is $239.59 and its 200 day moving average price is $262.76. The company has a quick ratio of 2.11, a current ratio of 2.22 and a debt-to-equity ratio of 1.30.

Vail Resorts (NYSE:MTNGet Rating) last issued its quarterly earnings data on Thursday, June 9th. The company reported $9.16 EPS for the quarter, beating the consensus estimate of $9.06 by $0.10. Vail Resorts had a return on equity of 17.18% and a net margin of 12.82%. The company had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.16 billion. During the same period last year, the company earned $6.71 earnings per share. Vail Resorts’s quarterly revenue was up 32.3% compared to the same quarter last year. Equities analysts expect that Vail Resorts, Inc. will post 8.4 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 12th. Shareholders of record on Monday, June 27th will be issued a $1.91 dividend. This represents a $7.64 annualized dividend and a yield of 3.41%. The ex-dividend date of this dividend is Friday, June 24th. Vail Resorts’s payout ratio is currently 99.22%.

Several research analysts have recently issued reports on MTN shares. KeyCorp reduced their price objective on Vail Resorts from $370.00 to $330.00 and set an “overweight” rating for the company in a research note on Tuesday, March 15th. Deutsche Bank Aktiengesellschaft reduced their price objective on Vail Resorts from $302.00 to $301.00 in a research note on Friday, June 10th. Credit Suisse Group raised their price objective on Vail Resorts from $379.00 to $383.00 and gave the stock an “outperform” rating in a research note on Friday, June 10th. Barclays started coverage on Vail Resorts in a research note on Tuesday, June 28th. They issued an “underweight” rating and a $217.00 price objective for the company. Finally, Truist Financial raised their target price on Vail Resorts from $278.00 to $281.00 and gave the stock a “hold” rating in a report on Friday, June 10th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $300.00.

Vail Resorts Profile (Get Rating)

Vail Resorts, Inc, through its subsidiaries, operates mountain resorts and urban ski areas in the United States. It operates through three segments: Mountain, Lodging, and Real Estate. The Mountain segment operates 37 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.

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Institutional Ownership by Quarter for Vail Resorts (NYSE:MTN)

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