Vail Resorts, Inc. (NYSE:MTN – Get Free Report)’s share price shot up 9.9% during mid-day trading on Thursday . The stock traded as high as $143.98 and last traded at $142.75. Approximately 498,251 shares changed hands during trading, a decline of 41% from the average daily volume of 849,606 shares. The stock had previously closed at $129.93.
Wall Street Analysts Forecast Growth
Several research firms have commented on MTN. Barclays lowered their price target on shares of Vail Resorts from $138.00 to $119.00 and set an “underweight” rating on the stock in a report on Tuesday, June 9th. Deutsche Bank Aktiengesellschaft decreased their price objective on Vail Resorts from $143.00 to $134.00 and set a “hold” rating for the company in a report on Tuesday, June 9th. Stifel Nicolaus lowered their target price on Vail Resorts from $172.00 to $167.00 and set a “buy” rating on the stock in a research note on Tuesday, June 9th. JPMorgan Chase & Co. raised their target price on Vail Resorts from $124.00 to $126.00 and gave the stock a “neutral” rating in a report on Tuesday, June 9th. Finally, Morgan Stanley reduced their price target on Vail Resorts from $151.00 to $147.00 and set an “equal weight” rating for the company in a research report on Thursday, March 12th. Five equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $151.45.
Get Our Latest Report on Vail Resorts
Vail Resorts Stock Up 10.6%
Vail Resorts (NYSE:MTN – Get Free Report) last posted its earnings results on Monday, June 8th. The company reported $8.81 EPS for the quarter, missing analysts’ consensus estimates of $8.97 by ($0.16). Vail Resorts had a net margin of 5.38% and a return on equity of 21.88%. The business had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.20 billion. During the same quarter last year, the business earned $10.54 earnings per share. Vail Resorts’s revenue was down 7.0% on a year-over-year basis. On average, analysts predict that Vail Resorts, Inc. will post 4.37 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, July 9th. Stockholders of record on Thursday, June 25th will be given a dividend of $2.22 per share. The ex-dividend date is Thursday, June 25th. This represents a $8.88 dividend on an annualized basis and a dividend yield of 6.2%. Vail Resorts’s dividend payout ratio (DPR) is 201.82%.
Institutional Investors Weigh In On Vail Resorts
Institutional investors have recently bought and sold shares of the company. BOKF NA grew its holdings in Vail Resorts by 833.3% in the 3rd quarter. BOKF NA now owns 168 shares of the company’s stock valued at $25,000 after buying an additional 150 shares in the last quarter. EverSource Wealth Advisors LLC raised its position in 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 purchasing an additional 155 shares during the period. Golden State Wealth Management LLC lifted its stake in shares of Vail Resorts by 83.3% in the 4th 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 last quarter. Danske Bank A S purchased a new position in shares of Vail Resorts during the 3rd quarter worth $30,000. Finally, Caitong International Asset Management Co. Ltd increased its position in shares of Vail Resorts by 1,585.7% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 236 shares of the company’s stock worth $31,000 after purchasing an additional 222 shares during the last quarter. 94.90% of the stock is currently owned by institutional investors and hedge funds.
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 seasonālong 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.
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