Vail Resorts (NYSE:MTN) Stock Price Down 5.1% – Here’s Why

Vail Resorts, Inc. (NYSE:MTN) fell 5.1% during mid-day trading on Thursday . The company traded as low as $138.72 and last traded at $136.8160. Approximately 72,592 shares were traded during trading, a decline of 92% from the average session volume of 860,790 shares. The stock had previously closed at $144.24.

Wall Street Analysts Forecast Growth

MTN has been the topic of several recent analyst reports. Truist Financial cut their price target on Vail Resorts from $212.00 to $195.00 and set a “buy” rating on the stock in a research note on Tuesday, June 9th. JPMorgan Chase & Co. lifted their price objective on Vail Resorts from $124.00 to $126.00 and gave the stock a “neutral” rating in a report on Tuesday, June 9th. Barclays cut their target price on Vail Resorts from $138.00 to $119.00 and set an “underweight” rating on the stock in a research report on Tuesday, June 9th. Deutsche Bank Aktiengesellschaft reduced their target price on Vail Resorts from $143.00 to $134.00 and set a “hold” rating for the company in a research note on Tuesday, June 9th. Finally, Morgan Stanley decreased their price target on shares of Vail Resorts from $151.00 to $147.00 and set an “equal weight” rating for the company in a research report on Thursday, March 12th. Five analysts have rated the stock with a Buy rating, six have given a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $151.45.

Vail Resorts Stock Up 3.6%

The company has a debt-to-equity ratio of 3.22, a current ratio of 0.91 and a quick ratio of 0.79. The firm’s 50-day moving average price is $130.57 and its 200 day moving average price is $135.15. The firm has a market cap of $4.92 billion, a P/E ratio of 31.41, a PEG ratio of 12.51 and a beta of 0.72.

Vail Resorts (NYSE:MTN) last posted its quarterly earnings results on Monday, June 8th. The company reported $8.81 EPS for the quarter, missing analysts’ consensus estimates of $8.97 by ($0.16). Vail Resorts had a return on equity of 21.88% and a net margin of 5.38%.The firm had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.20 billion. During the same quarter last year, the business posted $10.54 earnings per share. The firm’s revenue for the quarter was down 7.0% on a year-over-year basis. On average, equities research analysts expect that Vail Resorts, Inc. will post 4.31 earnings per share for the current fiscal year.

Vail Resorts Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 9th. Stockholders of record on Thursday, June 25th will be given a $2.22 dividend. The ex-dividend date is Thursday, June 25th. This represents a $8.88 annualized dividend and a dividend yield of 6.4%. Vail Resorts’s dividend payout ratio (DPR) is presently 201.82%.

Institutional Investors Weigh In On Vail Resorts

Several institutional investors and hedge funds have recently made changes to their positions in the company. BOKF NA lifted its stake in Vail Resorts by 833.3% during the third quarter. BOKF NA now owns 168 shares of the company’s stock worth $25,000 after purchasing an additional 150 shares during the last quarter. EverSource Wealth Advisors LLC increased its stake in Vail Resorts by 815.8% during the second quarter. EverSource Wealth Advisors LLC now owns 174 shares of the company’s stock valued at $27,000 after purchasing an additional 155 shares during the last quarter. Danske Bank A S acquired a new stake in shares of Vail Resorts during the third quarter worth $30,000. Golden State Wealth Management LLC raised its holdings in shares of Vail Resorts by 83.3% during the fourth quarter. Golden State Wealth Management LLC now owns 220 shares of the company’s stock worth $29,000 after purchasing an additional 100 shares during the period. Finally, Caitong International Asset Management Co. Ltd lifted its position in shares of Vail Resorts by 1,585.7% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 236 shares of the company’s stock worth $31,000 after buying an additional 222 shares during the last quarter. 94.90% of the stock is owned by institutional investors and hedge funds.

Vail Resorts Company Profile

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.