Several other equities analysts have also commented on the stock. MKM Partners set a $180.00 price objective on shares of Vail Resorts and gave the stock a buy rating in a report on Tuesday, September 20th. Credit Suisse Group AG set a $153.00 price objective on shares of Vail Resorts and gave the stock a buy rating in a report on Monday, September 12th. KeyCorp upped their price objective on shares of Vail Resorts from $150.00 to $175.00 and gave the stock an overweight rating in a report on Tuesday, August 23rd. Zacks Investment Research upgraded shares of Vail Resorts from a hold rating to a buy rating and set a $155.00 price objective on the stock in a report on Wednesday, July 6th. Finally, Janney Montgomery Scott restated a buy rating and issued a $170.00 price objective (up from $153.00) on shares of Vail Resorts in a report on Wednesday, August 10th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and eleven have given a buy rating to the company’s stock. The company has an average rating of Buy and an average target price of $153.76.
Shares of Vail Resorts (NYSE:MTN) opened at 157.00 on Tuesday. The firm has a 50-day moving average of $158.99 and a 200 day moving average of $140.91. Vail Resorts has a 52 week low of $102.65 and a 52 week high of $162.95. The firm has a market capitalization of $5.68 billion, a P/E ratio of 40.51 and a beta of 0.70.
Vail Resorts (NYSE:MTN) last posted its earnings results on Monday, September 26th. The company reported ($1.80) earnings per share for the quarter, missing the consensus estimate of ($1.67) by $0.13. The firm earned $179.88 million during the quarter. Vail Resorts had a net margin of 9.35% and a return on equity of 17.22%. Vail Resorts’s revenue was up 11.0% compared to the same quarter last year. During the same quarter last year, the firm earned ($1.92) EPS. On average, equities research analysts expect that Vail Resorts will post $5.08 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 25th. Shareholders of record on Friday, October 7th will be given a $0.81 dividend. This represents a $3.24 dividend on an annualized basis and a dividend yield of 2.06%. The ex-dividend date is Wednesday, October 5th. Vail Resorts’s dividend payout ratio is presently 82.23%.
Several hedge funds and other institutional investors have recently modified their holdings of MTN. Norges Bank bought a new position in shares of Vail Resorts during the fourth quarter valued at about $48,741,000. Acadian Asset Management LLC boosted its position in shares of Vail Resorts by 668.6% in the first quarter. Acadian Asset Management LLC now owns 7,140 shares of the company’s stock valued at $955,000 after buying an additional 6,211 shares during the last quarter. Aperio Group LLC boosted its position in shares of Vail Resorts by 30.1% in the first quarter. Aperio Group LLC now owns 4,378 shares of the company’s stock valued at $585,000 after buying an additional 1,013 shares during the last quarter. Virginia Retirement System bought a new position in shares of Vail Resorts during the first quarter valued at about $308,000. Finally, CIBC World Markets Inc. boosted its position in shares of Vail Resorts by 50.5% in the first quarter. CIBC World Markets Inc. now owns 17,156 shares of the company’s stock valued at $2,294,000 after buying an additional 5,757 shares during the last quarter. Institutional investors and hedge funds own 98.48% of the company’s stock.
About Vail Resorts
Vail Resorts, Inc is a holding company. The Company operates through three segments: Mountain, Lodging and Real Estate. The Company’s Mountain segment operates around 10 mountain resort properties and two urban ski areas, as well as ancillary services, primarily including, ski school, dining and retail/rental operations.
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