Vail Resorts, Inc. (NYSE:MTN) Given Average Rating of “Hold” by Analysts

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Shares of Vail Resorts, Inc. (NYSE:MTN) have been assigned a consensus recommendation of “Hold” from the thirteen analysts that are covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and six have given a buy rating to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $237.18.

MTN has been the topic of a number of research analyst reports. Deutsche Bank set a $261.00 price target on shares of Vail Resorts and gave the stock a “buy” rating in a report on Friday, June 7th. Jefferies Financial Group boosted their price target on shares of Constellation Brands from $267.00 to $275.00 and gave the stock a “top pick” rating in a report on Monday, April 22nd. Macquarie raised shares of Liberty Latin America from a “neutral” rating to an “outperform” rating and set a $26.00 price target on the stock in a report on Thursday, April 4th. Wells Fargo & Co initiated coverage on shares of Vail Resorts in a report on Monday. They issued a “market perform” rating and a $230.00 price target on the stock. Finally, Stifel Nicolaus boosted their price target on shares of Vail Resorts from $219.00 to $230.00 and gave the stock a “hold” rating in a report on Friday, June 7th.

In other Vail Resorts news, insider Patricia A. Campbell sold 6,431 shares of the company’s stock in a transaction dated Monday, June 10th. The shares were sold at an average price of $235.53, for a total transaction of $1,514,693.43. Following the sale, the insider now directly owns 33,729 shares of the company’s stock, valued at $7,944,191.37. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Chairman Robert A. Katz sold 64,913 shares of the company’s stock in a transaction dated Tuesday, June 11th. The shares were sold at an average price of $231.95, for a total transaction of $15,056,570.35. Following the sale, the chairman now directly owns 425,729 shares in the company, valued at $98,747,841.55. The disclosure for this sale can be found here. 2.90% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Autus Asset Management LLC lifted its holdings in shares of Vail Resorts by 20.2% in the second quarter. Autus Asset Management LLC now owns 14,004 shares of the company’s stock worth $3,125,000 after buying an additional 2,355 shares in the last quarter. CENTRAL TRUST Co lifted its holdings in shares of Vail Resorts by 23,537.5% in the second quarter. CENTRAL TRUST Co now owns 3,782 shares of the company’s stock worth $862,000 after buying an additional 3,766 shares in the last quarter. Xact Kapitalforvaltning AB lifted its holdings in shares of Vail Resorts by 11.3% in the second quarter. Xact Kapitalforvaltning AB now owns 8,164 shares of the company’s stock worth $1,822,000 after buying an additional 830 shares in the last quarter. Stock Yards Bank & Trust Co. lifted its holdings in shares of Vail Resorts by 14.4% in the second quarter. Stock Yards Bank & Trust Co. now owns 36,489 shares of the company’s stock worth $8,144,000 after buying an additional 4,585 shares in the last quarter. Finally, WINTON GROUP Ltd lifted its holdings in shares of Vail Resorts by 10.7% in the second quarter. WINTON GROUP Ltd now owns 2,986 shares of the company’s stock worth $666,000 after buying an additional 288 shares in the last quarter. 97.74% of the stock is currently owned by institutional investors and hedge funds.

Shares of NYSE:MTN traded up $1.47 during midday trading on Wednesday, reaching $228.96. The company had a trading volume of 14,179 shares, compared to its average volume of 341,172. The stock has a 50 day simple moving average of $225.31. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.62 and a current ratio of 0.76. The stock has a market capitalization of $9.14 billion, a PE ratio of 36.47, a P/E/G ratio of 2.17 and a beta of 0.67. Vail Resorts has a 52-week low of $179.60 and a 52-week high of $302.76.

Vail Resorts (NYSE:MTN) last issued its quarterly earnings results on Thursday, June 6th. The company reported $7.12 earnings per share for the quarter, topping the Zacks’ consensus estimate of $7.03 by $0.09. The company had revenue of $958.00 million for the quarter, compared to the consensus estimate of $958.39 million. Vail Resorts had a net margin of 13.71% and a return on equity of 18.25%. The firm’s quarterly revenue was up 13.4% on a year-over-year basis. During the same period in the previous year, the firm earned $6.17 EPS. On average, equities research analysts forecast that Vail Resorts will post 6.99 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 11th. Shareholders of record on Wednesday, June 26th were issued a dividend of $1.76 per share. This represents a $7.04 annualized dividend and a yield of 3.07%. The ex-dividend date of this dividend was Tuesday, June 25th. Vail Resorts’s dividend payout ratio (DPR) is presently 111.92%.

Vail Resorts Company Profile

Vail Resorts, Inc, through its subsidiaries, operates mountain resorts and urban ski areas in the United States. The company operates through three segments: Mountain, Lodging, and Real Estate. The Mountain segment operates 11 mountain resorts, including Vail Mountain, Breckenridge Ski, Keystone, and Beaver Creek resorts in Colorado; Park City resort in Utah; Heavenly Mountain, Northstar, and Kirkwood Mountain resorts in the Lake Tahoe area of California and Nevada; Whistler Blackcomb in Canada; Stowe Mountain resort in Vermont; and Perisher in Australia, as well as 3 urban ski areas, such as Wilmot Mountain in Wisconsin, Afton Alps in Minnesota, and Mount Brighton in Michigan.

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Analyst Recommendations for Vail Resorts (NYSE:MTN)

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