Vail Resorts (NYSE:MTN) Research Coverage Started at Citizens Jmp

Citizens Jmp initiated coverage on shares of Vail Resorts (NYSE:MTN) in a report released on Thursday morning, MarketBeat reports. The firm issued a market perform rating on the stock.

Several other brokerages also recently issued reports on MTN. Morgan Stanley lowered their price target on Vail Resorts from $147.00 to $142.00 and set an “equal weight” rating for the company in a report on Wednesday, September 30th. UBS Group reiterated a “neutral” rating on shares of Vail Resorts in a report on Friday, September 18th. Truist Financial cut their price objective on Vail Resorts from $195.00 to $191.00 and set a “buy” rating on the stock in a report on Tuesday, September 29th. BNP Paribas Exane lowered Vail Resorts from an “outperform” rating to a “neutral” rating and decreased their price objective for the company from $151.00 to $135.00 in a research report on Monday, September 21st. Finally, Zacks Research raised Vail Resorts from a “strong sell” rating to a “hold” rating in a research note on Monday, August 3rd. Five analysts have rated the stock with a Buy rating, nine have given a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $150.00.

Vail Resorts Trading Down 1.0%

Shares of NYSE MTN opened at $151.37 on Thursday. Vail Resorts has a twelve month low of $118.51 and a twelve month high of $163.34. The stock has a market cap of $5.39 billion, a price-to-earnings ratio of 36.56, a P/E/G ratio of 11.10 and a beta of 0.76. The company has a quick ratio of 0.68, a current ratio of 0.80 and a debt-to-equity ratio of 5.57. The company’s fifty day moving average is $142.69 and its 200-day moving average is $138.06.

Vail Resorts (NYSE:MTN) last released its quarterly earnings data on Monday, September 28th. The company reported ($5.34) EPS for the quarter, beating analysts’ consensus estimates of ($5.35) by $0.01. The business had revenue of $278.07 million during the quarter, compared to analysts’ expectations of $269.30 million. Vail Resorts had a net margin of 5.20% and a return on equity of 22.82%. The firm’s quarterly revenue was up 2.5% on a year-over-year basis. During the same quarter in the prior year, the company earned ($5.08) EPS. Equities research analysts predict that Vail Resorts will post 5.51 EPS for the current year.

Vail Resorts Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 27th. Investors of record on Thursday, October 8th will be given a $2.22 dividend. This represents a $8.88 annualized dividend and a yield of 5.9%. The ex-dividend date of this dividend is Thursday, October 8th. Vail Resorts’s payout ratio is currently 214.49%.

Hedge Funds Weigh In On Vail Resorts

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Bamco Inc. NY acquired a new position in shares of Vail Resorts during the 2nd quarter worth approximately $889,971,000. BlackRock Inc. bought a new stake in Vail Resorts in the 2nd quarter valued at $464,712,000. The Manufacturers Life Insurance Company bought a new stake in Vail Resorts in the 2nd quarter valued at $131,418,000. HighTower Advisors LLC lifted its holdings in Vail Resorts by 22.7% during the 2nd quarter. HighTower Advisors LLC now owns 712,430 shares of the company’s stock valued at $96,997,000 after purchasing an additional 131,898 shares during the last quarter. Finally, River Road Asset Management LLC lifted its holdings in Vail Resorts by 37.9% during the 4th quarter. River Road Asset Management LLC now owns 508,498 shares of the company’s stock valued at $67,529,000 after purchasing an additional 139,828 shares during the last quarter. 94.90% of the stock is owned by institutional investors and hedge funds.

About Vail Resorts

Vail Resorts, Inc is a mountain resort operator that owns and manages destination ski and summer resorts, regional ski areas, hotels and other hospitality businesses. Its operations are designed to serve visitors throughout the year, with activities including skiing, snowboarding, hiking, mountain biking, lodging, dining, retail and other resort experiences.

The company’s portfolio includes well-known resorts such as Vail, Beaver Creek, Breckenridge, Keystone, Park City, Whistler Blackcomb and Stowe in North America, as well as Perisher, Falls Creek and Hotham in Australia.