Vail Resorts (NYSE:MTN) Price Target Raised to $197.00

Vail Resorts (NYSE:MTN) had its price objective increased by Morgan Stanley from $182.00 to $197.00 in a report released on Tuesday morning,Benzinga reports. They currently have an equal weight rating on the stock.

Other equities research analysts have also recently issued research reports about the stock. StockNews.com raised shares of Vail Resorts from a “sell” rating to a “hold” rating in a research report on Monday, December 2nd. UBS Group began coverage on shares of Vail Resorts in a research report on Thursday, November 14th. They set a “neutral” rating and a $185.00 price target on the stock. Stifel Nicolaus lowered their price objective on shares of Vail Resorts from $223.00 to $216.00 and set a “buy” rating for the company in a research report on Friday, September 27th. Mizuho raised their target price on Vail Resorts from $222.00 to $227.00 and gave the company an “outperform” rating in a report on Tuesday. Finally, Macquarie reissued a “neutral” rating and set a $180.00 price target on shares of Vail Resorts in a report on Wednesday, October 2nd. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, Vail Resorts presently has a consensus rating of “Hold” and an average price target of $205.50.

Vail Resorts Stock Up 0.7 %

Shares of MTN opened at $193.93 on Tuesday. The company has a current ratio of 0.82, a quick ratio of 0.71 and a debt-to-equity ratio of 2.62. The stock has a market capitalization of $7.27 billion, a PE ratio of 32.16, a P/E/G ratio of 1.97 and a beta of 1.14. The firm’s 50 day moving average is $177.00 and its 200-day moving average is $178.87. Vail Resorts has a 12 month low of $165.00 and a 12 month high of $236.92.

Vail Resorts (NYSE:MTN) last released its earnings results on Monday, December 9th. The company reported ($4.61) earnings per share for the quarter, beating analysts’ consensus estimates of ($4.99) by $0.38. The firm had revenue of $260.28 million during the quarter, compared to the consensus estimate of $251.45 million. Vail Resorts had a return on equity of 20.76% and a net margin of 7.99%. The company’s revenue was up .7% compared to the same quarter last year. During the same period in the prior year, the company posted ($4.60) EPS. Equities research analysts forecast that Vail Resorts will post 7.23 EPS for the current year.

Vail Resorts Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 9th. Investors of record on Thursday, December 26th will be issued a $2.22 dividend. The ex-dividend date is Thursday, December 26th. This represents a $8.88 dividend on an annualized basis and a yield of 4.58%. Vail Resorts’s dividend payout ratio (DPR) is presently 147.26%.

Insiders Place Their Bets

In related news, CFO Angela A. Korch purchased 165 shares of Vail Resorts stock in a transaction on Thursday, October 3rd. The shares were purchased at an average price of $173.09 per share, for a total transaction of $28,559.85. Following the transaction, the chief financial officer now owns 2,187 shares of the company’s stock, valued at approximately $378,547.83. This represents a 8.16 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Robert A. Katz sold 9,296 shares of the firm’s stock in a transaction dated Wednesday, October 2nd. The stock was sold at an average price of $175.98, for a total value of $1,635,910.08. Following the transaction, the insider now owns 245,961 shares of the company’s stock, valued at $43,284,216.78. This trade represents a 3.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.20% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of MTN. Wealth Enhancement Advisory Services LLC acquired a new position in shares of Vail Resorts in the 2nd quarter valued at about $257,000. GPS Wealth Strategies Group LLC grew its position in shares of Vail Resorts by 37.2% during the 2nd quarter. GPS Wealth Strategies Group LLC now owns 479 shares of the company’s stock worth $86,000 after buying an additional 130 shares during the period. Envestnet Portfolio Solutions Inc. increased its stake in shares of Vail Resorts by 25.6% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 7,988 shares of the company’s stock valued at $1,439,000 after acquiring an additional 1,626 shares in the last quarter. Assenagon Asset Management S.A. lifted its position in shares of Vail Resorts by 620.0% during the 2nd quarter. Assenagon Asset Management S.A. now owns 16,610 shares of the company’s stock valued at $2,992,000 after acquiring an additional 14,303 shares during the period. Finally, Triad Wealth Partners LLC bought a new position in Vail Resorts during the second quarter worth $51,000. 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.