Vail Resorts (NYSE:MTN) Shares Gap Down – What’s Next?

Vail Resorts, Inc. (NYSE:MTNGet Free Report) gapped down prior to trading on Thursday . The stock had previously closed at $148.36, but opened at $140.07. Vail Resorts shares last traded at $147.3040, with a volume of 93,403 shares changing hands.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. Barclays lowered their price objective on shares of Vail Resorts from $138.00 to $119.00 and set an “underweight” rating for the company in a research report on Tuesday, June 9th. UBS Group restated a “neutral” rating on shares of Vail Resorts in a research note on Tuesday, June 9th. Stifel Nicolaus lowered their target price on Vail Resorts from $172.00 to $167.00 and set a “buy” rating for the company in a report on Tuesday, June 9th. Truist Financial dropped their price target on Vail Resorts from $212.00 to $195.00 and set a “buy” rating on the stock in a research report on Tuesday, June 9th. Finally, Mizuho set a $174.00 price target on Vail Resorts in a report on Tuesday, June 9th. Five research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, Vail Resorts has a consensus rating of “Hold” and an average target price of $149.83.

Check Out Our Latest Stock Report on MTN

Vail Resorts Stock Up 1.9%

The firm’s 50-day moving average price is $144.07 and its 200 day moving average price is $136.14. The firm has a market cap of $5.28 billion, a P/E ratio of 33.66, a price-to-earnings-growth ratio of 9.59 and a beta of 0.70. The company has a quick ratio of 0.79, a current ratio of 0.91 and a debt-to-equity ratio of 3.22.

Vail Resorts (NYSE:MTNGet Free Report) last released its quarterly earnings data on Monday, June 8th. The company reported $8.81 earnings per share for the quarter, missing analysts’ consensus estimates of $8.97 by ($0.16). The firm had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.20 billion. Vail Resorts had a return on equity of 21.88% and a net margin of 5.38%.The firm’s revenue was down 7.0% on a year-over-year basis. During the same period last year, the business earned $10.54 EPS. As a group, research analysts expect that Vail Resorts, Inc. will post 4.32 earnings per share for the current year.

Vail Resorts Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, July 9th. Shareholders of record on Thursday, June 25th were paid a $2.22 dividend. The ex-dividend date was Thursday, June 25th. This represents a $8.88 annualized dividend and a dividend yield of 6.0%. Vail Resorts’s dividend payout ratio (DPR) is presently 201.82%.

Institutional Investors Weigh In On Vail Resorts

A number of hedge funds have recently made changes to their positions in the business. Clearstead Advisors LLC grew its holdings in Vail Resorts by 21.5% in the 4th quarter. Clearstead Advisors LLC now owns 424 shares of the company’s stock worth $56,000 after buying an additional 75 shares in the last quarter. Comerica Bank raised its stake in Vail Resorts by 0.4% during the 3rd quarter. Comerica Bank now owns 17,552 shares of the company’s stock valued at $2,625,000 after acquiring an additional 78 shares in the last quarter. State of Michigan Retirement System boosted its position in Vail Resorts by 1.2% during the 1st quarter. State of Michigan Retirement System now owns 8,600 shares of the company’s stock worth $1,104,000 after acquiring an additional 100 shares during the period. Golden State Wealth Management LLC boosted its position in Vail Resorts by 83.3% during the 4th quarter. Golden State Wealth Management LLC now owns 220 shares of the company’s stock worth $29,000 after acquiring an additional 100 shares during the period. Finally, UMB Bank n.a. grew its stake in shares of Vail Resorts by 32.9% in the fourth quarter. UMB Bank n.a. now owns 440 shares of the company’s stock worth $58,000 after purchasing an additional 109 shares in the last quarter. Institutional investors own 94.90% of the company’s stock.

Vail Resorts Company Profile

(Get Free Report)

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.

Further Reading

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