Vail Resorts, Inc. (NYSE:MTN – Get Free Report) has been given a consensus rating of “Hold” by the fifteen brokerages that are presently covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a sell recommendation, eight have issued a hold recommendation and five have given a buy recommendation to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $149.8333.
Several research analysts have recently weighed in on MTN shares. JPMorgan Chase & Co. increased their price target on Vail Resorts from $124.00 to $126.00 and gave the stock a “neutral” rating in a research note on Tuesday, June 9th. Truist Financial lowered their price objective on Vail Resorts from $212.00 to $195.00 and set a “buy” rating on the stock in a research note on Tuesday, June 9th. Stifel Nicolaus dropped their price objective on shares of Vail Resorts from $172.00 to $167.00 and set a “buy” rating on the stock in a report on Tuesday, June 9th. Weiss Ratings upgraded shares of Vail Resorts from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday. Finally, The Goldman Sachs Group assumed coverage on shares of Vail Resorts in a research note on Thursday, August 13th. They set a “sell” rating and a $132.00 price target on the stock.
Get Our Latest Stock Analysis on Vail Resorts
Vail Resorts Price Performance
Vail Resorts (NYSE:MTN – Get Free Report) last announced its quarterly earnings data on Monday, June 8th. The company reported $8.81 earnings per share for the quarter, missing the consensus estimate of $8.97 by ($0.16). The firm had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.20 billion. Vail Resorts had a net margin of 5.38% and a return on equity of 21.88%. Vail Resorts’s revenue for the quarter was down 7.0% on a year-over-year basis. During the same period last year, the company posted $10.54 earnings per share. Sell-side analysts forecast that Vail Resorts will post 4.32 EPS for the current year.
Vail Resorts Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Thursday, July 9th. Stockholders of record on Thursday, June 25th were issued a $2.22 dividend. This represents a $8.88 dividend on an annualized basis and a dividend yield of 6.7%. The ex-dividend date of this dividend was Thursday, June 25th. Vail Resorts’s dividend payout ratio (DPR) is presently 201.82%.
Institutional Trading of Vail Resorts
A number of hedge funds and other institutional investors have recently made changes to their positions in MTN. BOKF NA boosted its stake in Vail Resorts by 833.3% in the 3rd quarter. BOKF NA now owns 168 shares of the company’s stock worth $25,000 after purchasing an additional 150 shares during the period. EverSource Wealth Advisors LLC boosted its position in shares of Vail Resorts by 815.8% in the second quarter. EverSource Wealth Advisors LLC now owns 174 shares of the company’s stock valued at $27,000 after acquiring an additional 155 shares during the period. Golden State Wealth Management LLC grew its stake in Vail Resorts by 83.3% during the fourth quarter. Golden State Wealth Management LLC now owns 220 shares of the company’s stock valued at $29,000 after acquiring an additional 100 shares in the last quarter. Danske Bank A S bought a new position in Vail Resorts in the 3rd quarter valued at $30,000. Finally, Caitong International Asset Management Co. Ltd raised its position in shares of Vail Resorts by 1,585.7% in the fourth 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 in the last quarter. 94.90% of the stock is currently owned by 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.
Recommended Stories
- Five stocks we like better than Vail Resorts
- Dutch Bros Sell-Off Creates a Growth Opportunity
- NVIDIA’s MediaTek Bet Shows How It Plans to Defend Its AI Moat
- Is Abercrombie & Fitch’s Hot Streak Just Getting Started?
- Medtronic’s Stars Are Aligning for a Price Recovery
Receive News & Ratings for Vail Resorts Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vail Resorts and related companies with MarketBeat.com's FREE daily email newsletter.
