Vail Resorts (NYSE:MTN) Stock Price Down 3.9% – Time to Sell?

Vail Resorts, Inc. (NYSE:MTN) fell 3.9% during trading on Thursday . The stock traded as low as $179.28 and last traded at $180.10. 93,535 shares were traded during mid-day trading, a decline of 82% from the average session volume of 529,708 shares. The stock had previously closed at $187.45.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. Truist Financial reduced their target price on Vail Resorts from $250.00 to $247.00 and set a “buy” rating for the company in a report on Tuesday, December 10th. Stifel Nicolaus boosted their price objective on shares of Vail Resorts from $216.00 to $217.00 and gave the company a “buy” rating in a research note on Tuesday, December 10th. UBS Group assumed coverage on shares of Vail Resorts in a research note on Thursday, November 14th. They issued a “neutral” rating and a $185.00 target price on the stock. Macquarie boosted their price target on shares of Vail Resorts from $180.00 to $195.00 and gave the company a “neutral” rating in a research report on Wednesday, December 11th. Finally, StockNews.com raised shares of Vail Resorts from a “sell” rating to a “hold” rating in a report on Friday, December 13th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $205.50.

Vail Resorts Trading Up 2.2 %

The stock has a 50 day moving average of $182.20 and a 200 day moving average of $179.05. The company has a debt-to-equity ratio of 3.64, a current ratio of 0.63 and a quick ratio of 0.71. The firm has a market cap of $6.70 billion, a P/E ratio of 29.72, a PEG ratio of 2.22 and a beta of 1.14.

Vail Resorts (NYSE:MTN) last announced its quarterly earnings data on Monday, December 9th. The company reported ($4.61) EPS for the quarter, beating the consensus estimate of ($4.99) by $0.38. The firm had revenue of $260.28 million for the quarter, compared to analyst estimates of $251.45 million. Vail Resorts had a return on equity of 21.90% and a net margin of 8.07%. The company’s revenue was up .7% on a year-over-year basis. During the same period in the prior year, the company earned ($4.60) EPS. As a group, equities research analysts predict that Vail Resorts, Inc. will post 7.49 EPS for the current year.

Vail Resorts Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 9th. Stockholders of record on Thursday, December 26th will be paid a $2.22 dividend. The ex-dividend date of this dividend is Thursday, December 26th. This represents a $8.88 dividend on an annualized basis and a dividend yield of 4.96%. Vail Resorts’s dividend payout ratio (DPR) is 147.51%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Fairbanks Capital Management Inc. boosted its position in Vail Resorts by 2.5% during the 2nd quarter. Fairbanks Capital Management Inc. now owns 2,563 shares of the company’s stock valued at $462,000 after buying an additional 63 shares during the period. Signaturefd LLC raised its position in shares of Vail Resorts by 150.9% in the 2nd quarter. Signaturefd LLC now owns 138 shares of the company’s stock worth $25,000 after acquiring an additional 83 shares in the last quarter. Condor Capital Management grew its holdings in Vail Resorts by 0.8% in the second quarter. Condor Capital Management now owns 11,172 shares of the company’s stock worth $2,013,000 after purchasing an additional 88 shares during the period. Creative Financial Designs Inc. ADV increased its stake in shares of Vail Resorts by 27.6% during the third quarter. Creative Financial Designs Inc. ADV now owns 412 shares of the company’s stock valued at $72,000 after purchasing an additional 89 shares in the last quarter. Finally, Raleigh Capital Management Inc. boosted its position in shares of Vail Resorts by 57.5% in the 3rd quarter. Raleigh Capital Management Inc. now owns 326 shares of the company’s stock worth $57,000 after purchasing an additional 119 shares in the last quarter. 94.94% of the stock is owned by institutional investors.

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.