Vail Resorts (NYSE:MTN) Price Target Cut to $247.00 by Analysts at Truist Financial

Vail Resorts (NYSE:MTN) had its target price cut by Truist Financial from $250.00 to $247.00 in a report issued on Tuesday morning,Benzinga reports. They currently have a buy rating on the stock.

MTN has been the topic of a number of other reports. Deutsche Bank Aktiengesellschaft upped their target price on shares of Vail Resorts from $185.00 to $196.00 and gave the company a “hold” rating in a report on Monday. Morgan Stanley upped their target price on shares of Vail Resorts from $182.00 to $197.00 and gave the company an “equal weight” rating in a report on Tuesday. UBS Group assumed coverage on shares of Vail Resorts in a report on Thursday, November 14th. They issued a “neutral” rating and a $185.00 target price on the stock. Macquarie reaffirmed a “neutral” rating and issued a $180.00 target price on shares of Vail Resorts in a report on Wednesday, October 2nd. Finally, Stifel Nicolaus increased their price target on shares of Vail Resorts from $216.00 to $217.00 and gave the company a “buy” rating in a report on Tuesday. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $204.00.

Vail Resorts Trading Up 2.5 %

Shares of NYSE:MTN opened at $195.44 on Tuesday. The company has a debt-to-equity ratio of 2.62, a current ratio of 0.82 and a quick ratio of 0.71. The company’s 50-day moving average price is $176.27 and its two-hundred day moving average price is $178.67. The stock has a market capitalization of $7.33 billion, a PE ratio of 32.41, a price-to-earnings-growth ratio of 1.97 and a beta of 1.14. Vail Resorts has a one year low of $165.00 and a one year high of $236.92.

Vail Resorts (NYSE:MTN) last issued its earnings results 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. The company had revenue of $260.28 million for the quarter, compared to analysts’ expectations of $251.45 million. Vail Resorts had a net margin of 7.99% and a return on equity of 20.76%. Vail Resorts’s quarterly revenue was up .7% compared to the same quarter last year. During the same period in the prior year, the firm earned ($4.60) EPS. On average, equities analysts forecast that Vail Resorts will post 7.23 EPS for the current fiscal year.

Vail Resorts Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 9th. Shareholders of record on Thursday, December 26th will be issued a $2.22 dividend. The ex-dividend date of this dividend is Thursday, December 26th. This represents a $8.88 annualized dividend and a yield of 4.54%. Vail Resorts’s dividend payout ratio is currently 147.26%.

Insiders Place Their Bets

In other Vail Resorts news, Director John F. Sorte sold 1,670 shares of the stock in a transaction that occurred on Wednesday, October 2nd. The shares were sold at an average price of $173.07, for a total transaction of $289,026.90. Following the transaction, the director now owns 45,111 shares in the company, valued at $7,807,360.77. This represents a 3.57 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Robert A. Katz sold 9,296 shares of the stock in a transaction that occurred on Wednesday, October 2nd. The stock was sold at an average price of $175.98, for a total transaction of $1,635,910.08. Following the transaction, the insider now owns 245,961 shares in the company, valued at approximately $43,284,216.78. The trade was a 3.64 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.20% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Inspire Trust Co. N.A. grew its position in shares of Vail Resorts by 33.8% during the 3rd quarter. Inspire Trust Co. N.A. now owns 7,800 shares of the company’s stock worth $1,359,000 after purchasing an additional 1,970 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of Vail Resorts during the 3rd quarter worth approximately $87,000. TD Private Client Wealth LLC boosted its position in shares of Vail Resorts by 25.1% during the 3rd quarter. TD Private Client Wealth LLC now owns 14,053 shares of the company’s stock worth $2,449,000 after acquiring an additional 2,817 shares in the last quarter. Arete Wealth Advisors LLC acquired a new stake in shares of Vail Resorts during the 3rd quarter worth approximately $278,000. Finally, Geode Capital Management LLC boosted its position in shares of Vail Resorts by 1.3% during the 3rd quarter. Geode Capital Management LLC now owns 649,624 shares of the company’s stock worth $113,252,000 after acquiring an additional 8,422 shares in the last quarter. Institutional investors and hedge funds 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.