Vail Resorts (NYSE:MTN) Reaches New 52-Week Low – Here’s Why

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

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. Morgan Stanley reissued an “equal weight” rating and set a $197.00 target price on shares of Vail Resorts in a research note on Monday, December 23rd. Deutsche Bank Aktiengesellschaft raised their price objective on Vail Resorts from $185.00 to $196.00 and gave the stock a “hold” rating in a research report on Monday, December 9th. JPMorgan Chase & Co. decreased their target price on shares of Vail Resorts from $176.00 to $166.00 and set an “underweight” rating on the stock in a research report on Friday, January 17th. 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. Finally, Mizuho upped their price objective on shares of Vail Resorts from $222.00 to $227.00 and gave the stock an “outperform” rating in a report on Tuesday, December 10th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, Vail Resorts has an average rating of “Hold” and a consensus target price of $204.50.

Vail Resorts Stock Performance

The company has a debt-to-equity ratio of 3.64, a quick ratio of 0.51 and a current ratio of 0.63. The stock has a market capitalization of $5.93 billion, a PE ratio of 26.32, a P/E/G ratio of 1.96 and a beta of 1.11. The firm’s 50 day moving average is $177.18 and its two-hundred day moving average is $177.50.

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 the consensus estimate of ($4.99) by $0.38. Vail Resorts had a return on equity of 21.90% and a net margin of 8.07%. The business 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 company’s revenue for the quarter was up .7% compared to the same quarter last year. As a group, research analysts predict that Vail Resorts, Inc. will post 7.62 earnings per share for the current year.

Vail Resorts Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Stockholders of record on Thursday, December 26th were paid a $2.22 dividend. This represents a $8.88 annualized dividend and a dividend yield of 5.61%. The ex-dividend date was Thursday, December 26th. Vail Resorts’s payout ratio is presently 147.51%.

Institutional Trading of Vail Resorts

A number of large investors have recently made changes to their positions in the company. Parr Mcknight Wealth Management Group LLC acquired a new position in Vail Resorts during the 4th quarter worth approximately $1,015,000. Vise Technologies Inc. purchased a new stake in shares of Vail Resorts during the 4th quarter worth $201,000. iSAM Funds UK Ltd acquired a new position in shares of Vail Resorts during the fourth quarter worth $347,000. TPG GP A LLC increased its holdings in Vail Resorts by 19.9% in the fourth quarter. TPG GP A LLC now owns 1,036,487 shares of the company’s stock valued at $194,289,000 after buying an additional 172,082 shares during the last quarter. Finally, Shellback Capital LP acquired a new stake in Vail Resorts in the fourth quarter valued at $8,435,000. 94.94% of the stock is currently owned by hedge funds and other 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.