Vail Resorts (NYSE:MTN) Price Target Cut to $185.00 by Analysts at Macquarie

Vail Resorts (NYSE:MTN) had its target price lowered by Macquarie from $195.00 to $185.00 in a report published on Wednesday morning,Benzinga reports. The brokerage currently has a neutral rating on the stock.

MTN has been the topic of a number of other reports. Stifel Nicolaus raised their price target on Vail Resorts from $216.00 to $217.00 and gave the company a “buy” rating in a report on Tuesday, December 10th. Truist Financial cut their price objective on Vail Resorts from $250.00 to $247.00 and set a “buy” rating for the company in a research report on Tuesday, December 10th. StockNews.com upgraded Vail Resorts from a “sell” rating to a “hold” rating in a research report on Friday, December 13th. Barclays restated an “underweight” rating and set a $152.00 price objective (down previously from $165.00) on shares of Vail Resorts in a research report on Monday. Finally, UBS Group assumed coverage on Vail Resorts in a research report on Thursday, November 14th. They set a “neutral” rating and a $185.00 price objective for the company. Two analysts have rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $193.56.

Vail Resorts Price Performance

Shares of Vail Resorts stock opened at $161.68 on Wednesday. Vail Resorts has a one year low of $151.99 and a one year high of $233.57. The stock’s fifty day moving average is $167.95 and its 200 day moving average is $175.86. The stock has a market cap of $6.05 billion, a P/E ratio of 26.86, a P/E/G ratio of 1.93 and a beta of 1.12. The company has a debt-to-equity ratio of 3.64, a quick ratio of 0.51 and a current ratio of 0.63.

Vail Resorts (NYSE:MTN) last announced its earnings results on Monday, March 10th. The company reported $6.56 EPS for the quarter, topping analysts’ consensus estimates of $6.29 by $0.27. The company had revenue of $1.14 billion for the quarter, compared to analysts’ expectations of $1.14 billion. Vail Resorts had a return on equity of 21.90% and a net margin of 8.07%. Vail Resorts’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same period last year, the firm earned $5.76 EPS. Sell-side analysts anticipate that Vail Resorts will post 7.62 earnings per share for the current year.

Vail Resorts Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders of record on Thursday, March 27th will be given a dividend of $2.22 per share. The ex-dividend date of this dividend is Thursday, March 27th. This represents a $8.88 annualized dividend and a dividend yield of 5.49%. Vail Resorts’s dividend payout ratio (DPR) is presently 147.51%.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the business. Miracle Mile Advisors LLC boosted its position in shares of Vail Resorts by 3.2% during the fourth quarter. Miracle Mile Advisors LLC now owns 2,121 shares of the company’s stock valued at $398,000 after buying an additional 65 shares during the period. Raleigh Capital Management Inc. raised its stake in shares of Vail Resorts by 20.6% during the fourth quarter. Raleigh Capital Management Inc. now owns 393 shares of the company’s stock valued at $74,000 after acquiring an additional 67 shares in the last quarter. Sterling Capital Management LLC raised its stake in shares of Vail Resorts by 8.5% during the fourth quarter. Sterling Capital Management LLC now owns 881 shares of the company’s stock valued at $165,000 after acquiring an additional 69 shares in the last quarter. Accretive Wealth Partners LLC raised its stake in shares of Vail Resorts by 1.5% during the fourth quarter. Accretive Wealth Partners LLC now owns 5,294 shares of the company’s stock valued at $992,000 after acquiring an additional 80 shares in the last quarter. Finally, UMB Bank n.a. raised its stake in shares of Vail Resorts by 37.9% during the fourth quarter. UMB Bank n.a. now owns 302 shares of the company’s stock valued at $57,000 after acquiring an additional 83 shares in the last quarter. Hedge funds and other institutional investors own 94.94% of the company’s stock.

Vail Resorts Company Profile

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.