Vail Resorts (NYSE:MTN) Trading Up 9.9% – Still a Buy?

Vail Resorts, Inc. (NYSE:MTN)’s share price traded up 9.9% during trading on Thursday . The stock traded as high as $143.98 and last traded at $142.75. Approximately 498,251 shares changed hands during mid-day trading, a decline of 41% from the average session volume of 849,606 shares. The stock had previously closed at $129.93.

Analysts Set New Price Targets

MTN has been the subject of several research analyst reports. Deutsche Bank Aktiengesellschaft decreased their target price on Vail Resorts from $143.00 to $134.00 and set a “hold” rating for the company in a research report on Tuesday, June 9th. UBS Group reissued a “neutral” rating on shares of Vail Resorts in a research report on Tuesday, June 9th. Truist Financial reduced their target price on shares of Vail Resorts from $212.00 to $195.00 and set a “buy” rating on the stock in a research report on Tuesday, June 9th. Zacks Research downgraded shares of Vail Resorts from a “hold” rating to a “strong sell” rating in a research note on Tuesday, April 28th. Finally, Weiss Ratings cut Vail Resorts from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, April 9th. Five equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $151.45.

Vail Resorts Stock Performance

The firm’s fifty day moving average price is $128.88 and its 200 day moving average price is $135.08. The firm has a market cap of $5.12 billion, a P/E ratio of 32.59, a price-to-earnings-growth ratio of 12.66 and a beta of 0.72. The company has a debt-to-equity ratio of 3.22, a quick ratio of 0.79 and a current ratio of 0.91.

Vail Resorts (NYSE:MTN) last announced its earnings results on Monday, June 8th. The company reported $8.81 earnings per share (EPS) for the quarter, missing the consensus estimate of $8.97 by ($0.16). Vail Resorts had a net margin of 5.38% and a return on equity of 21.88%. The company had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.20 billion. During the same period last year, the business posted $10.54 EPS. The firm’s revenue was down 7.0% compared to the same quarter last year. Sell-side analysts expect that Vail Resorts, Inc. will post 4.37 EPS for the current fiscal year.

Vail Resorts Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 9th. Shareholders of record on Thursday, June 25th will be paid a $2.22 dividend. This represents a $8.88 annualized dividend and a yield of 6.2%. The ex-dividend date is Thursday, June 25th. Vail Resorts’s payout ratio is 201.82%.

Institutional Trading of Vail Resorts

Hedge funds have recently modified their holdings of the company. BOKF NA grew its position in shares of Vail Resorts by 833.3% in the 3rd quarter. BOKF NA now owns 168 shares of the company’s stock worth $25,000 after buying an additional 150 shares during the last quarter. EverSource Wealth Advisors LLC boosted its stake in Vail Resorts by 815.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 174 shares of the company’s stock worth $27,000 after purchasing an additional 155 shares in the last quarter. Danske Bank A S purchased a new stake in shares of Vail Resorts during the third quarter valued at $30,000. Golden State Wealth Management LLC increased its holdings in shares of Vail Resorts by 83.3% in the fourth quarter. Golden State Wealth Management LLC now owns 220 shares of the company’s stock valued at $29,000 after purchasing an additional 100 shares during the period. Finally, Caitong International Asset Management Co. Ltd increased its holdings in Vail Resorts by 1,585.7% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 236 shares of the company’s stock worth $31,000 after buying an additional 222 shares during the period. 94.90% of the stock is owned by hedge funds and other institutional investors.

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.