Macquarie Lowers Vail Resorts (NYSE:MTN) Price Target to $185.00

Vail Resorts (NYSE:MTN) had its target price reduced by Macquarie from $195.00 to $185.00 in a report issued on Wednesday morning,Benzinga reports. They currently have a neutral rating on the stock.

A number of other brokerages also recently commented on MTN. StockNews.com raised shares of Vail Resorts from a “sell” rating to a “hold” rating in a research note on Friday, December 13th. UBS Group initiated coverage on shares of Vail Resorts in a research note on Thursday, November 14th. They issued a “neutral” rating and a $185.00 price objective for the company. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Vail Resorts from $185.00 to $196.00 and gave the stock a “hold” rating in a report on Monday, December 9th. Truist Financial cut their price target on shares of Vail Resorts from $250.00 to $247.00 and set a “buy” rating on the stock in a report on Tuesday, December 10th. Finally, Stifel Nicolaus lifted their price target on shares of Vail Resorts from $216.00 to $217.00 and gave the stock a “buy” rating in a report on Tuesday, December 10th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $193.56.

Vail Resorts Stock Performance

Vail Resorts stock opened at $161.68 on Wednesday. The company has a market capitalization of $6.05 billion, a PE ratio of 26.86, a P/E/G ratio of 1.93 and a beta of 1.12. Vail Resorts has a fifty-two week low of $151.99 and a fifty-two week high of $233.57. The company has a debt-to-equity ratio of 3.64, a quick ratio of 0.51 and a current ratio of 0.63. The company has a 50 day moving average price of $167.95 and a 200-day moving average price of $175.86.

Vail Resorts (NYSE:MTN) last issued its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $1.14 billion. Vail Resorts had a net margin of 8.07% and a return on equity of 21.90%. Vail Resorts’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $5.76 earnings per share. As a group, equities analysts forecast that Vail Resorts will post 7.62 earnings per share for the current year.

Vail Resorts Dividend Announcement

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

Institutional Investors Weigh In On Vail Resorts

A number of large investors have recently made changes to their positions in the stock. Azzad Asset Management Inc. ADV grew its holdings in shares of Vail Resorts by 11.3% during the fourth quarter. Azzad Asset Management Inc. ADV now owns 11,436 shares of the company’s stock valued at $2,144,000 after buying an additional 1,164 shares during the last quarter. Heck Capital Advisors LLC purchased a new stake in Vail Resorts in the fourth quarter valued at $33,000. Integrated Advisors Network LLC purchased a new stake in Vail Resorts in the fourth quarter valued at $3,637,000. Parr Mcknight Wealth Management Group LLC purchased a new stake in Vail Resorts in the fourth quarter valued at $1,015,000. Finally, Vise Technologies Inc. purchased a new stake in Vail Resorts in the fourth quarter valued at $201,000. 94.94% of the stock is owned by hedge funds and other institutional investors.

About Vail Resorts

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.