Vail Resorts (NYSE:MTN) Cut to Sell at Wall Street Zen

Wall Street Zen downgraded shares of Vail Resorts (NYSE:MTN) from a hold rating to a sell rating in a research report sent to investors on Saturday morning.

A number of other brokerages have also recently issued reports on MTN. Truist Financial dropped their target price on shares of Vail Resorts from $237.00 to $234.00 and set a “buy” rating on the stock in a report on Monday, December 29th. Bank of America dropped their target price on shares of Vail Resorts from $175.00 to $165.00 and set a “neutral” rating for the company in a research report on Tuesday, September 30th. JPMorgan Chase & Co. increased their target price on shares of Vail Resorts from $168.00 to $172.00 and gave the stock a “neutral” rating in a report on Thursday, December 11th. Weiss Ratings restated a “hold (c-)” rating on shares of Vail Resorts in a research report on Monday, December 29th. Finally, Zacks Research upgraded Vail Resorts from a “strong sell” rating to a “hold” rating in a report on Thursday, December 11th. Three investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $176.00.

Vail Resorts Trading Up 2.3%

MTN opened at $140.96 on Friday. The firm has a market cap of $5.04 billion, a PE ratio of 20.67, a price-to-earnings-growth ratio of 10.67 and a beta of 0.81. Vail Resorts has a twelve month low of $129.41 and a twelve month high of $187.42. The company has a debt-to-equity ratio of 5.52, a quick ratio of 0.46 and a current ratio of 0.54. The firm’s fifty day moving average is $142.91 and its two-hundred day moving average is $150.49.

Vail Resorts (NYSE:MTN) last posted its earnings results on Wednesday, December 10th. The company reported ($5.20) earnings per share for the quarter, topping the consensus estimate of ($5.23) by $0.03. Vail Resorts had a return on equity of 32.51% and a net margin of 8.94%.The firm had revenue of $271.03 million for the quarter, compared to analyst estimates of $273.35 million. During the same period in the previous year, the company posted ($4.61) earnings per share. The company’s revenue for the quarter was up 4.1% on a year-over-year basis. Equities research analysts anticipate that Vail Resorts will post 7.62 EPS for the current year.

Vail Resorts Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, January 12th. Shareholders of record on Tuesday, December 30th were given a $2.22 dividend. This represents a $8.88 dividend on an annualized basis and a yield of 6.3%. The ex-dividend date of this dividend was Tuesday, December 30th. Vail Resorts’s dividend payout ratio is presently 130.21%.

Hedge Funds Weigh In On Vail Resorts

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Goldman Sachs Group Inc. boosted its holdings in Vail Resorts by 2.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 121,123 shares of the company’s stock worth $19,382,000 after buying an additional 3,440 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in Vail Resorts by 1.9% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 148,235 shares of the company’s stock valued at $23,721,000 after purchasing an additional 2,824 shares during the last quarter. Hodges Capital Management Inc. purchased a new stake in Vail Resorts during the first quarter valued at about $382,000. Wealth Enhancement Advisory Services LLC bought a new stake in Vail Resorts in the 2nd quarter worth approximately $273,000. Finally, Western Pacific Wealth Management LP grew its stake in shares of Vail Resorts by 17.9% during the second quarter. Western Pacific Wealth Management LP now owns 2,665 shares of the company’s stock valued at $419,000 after buying an additional 405 shares during the last quarter. Institutional investors own 94.90% of the company’s stock.

Vail Resorts Company Profile

Vail Resorts, Inc is a leading mountain resort company that owns and operates an integrated network of ski areas, hotels, restaurants and retail outlets. The company’s signature Epic Pass program offers skiers and snowboarders season‐long access to its portfolio of resorts, while ancillary services such as ski and snowboard schools, equipment rental and retail drive additional revenue.

Headquartered in Broomfield, Colorado, Vail Resorts was formed in 1997, building on the legacy of Vail Associates, which opened the Vail ski area in 1962.