Vail Resorts (NYSE:MTN) Hits New 52-Week High – Should You Buy?

Vail Resorts, Inc. (NYSE:MTN) shares reached a new 52-week high on Thursday. The stock traded as high as $163.99 and last traded at $161.1140, with a volume of 32,100 shares traded. The stock had previously closed at $161.08.

Analyst Ratings Changes

A number of brokerages have recently commented on MTN. Truist Financial reduced their target price on shares of Vail Resorts from $195.00 to $191.00 and set a “buy” rating for the company in a research report on Tuesday, September 29th. Deutsche Bank Aktiengesellschaft dropped their target price on Vail Resorts from $138.00 to $132.00 and set a “hold” rating for the company in a report on Tuesday, September 29th. Weiss Ratings lowered Vail Resorts from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, September 14th. Citizens Jmp assumed coverage on Vail Resorts in a research report on Thursday, October 15th. They set a “market perform” rating for the company. Finally, The Goldman Sachs Group started coverage on shares of Vail Resorts in a report on Thursday, August 13th. They issued a “sell” rating and a $132.00 price objective for the company. Five equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $150.00.

Vail Resorts Price Performance

The company has a debt-to-equity ratio of 5.57, a quick ratio of 0.68 and a current ratio of 0.80. The stock’s 50-day moving average is $143.68 and its 200 day moving average is $138.63. The stock has a market capitalization of $5.69 billion, a PE ratio of 38.53, a P/E/G ratio of 11.27 and a beta of 0.73.

Vail Resorts (NYSE:MTN) last announced its quarterly earnings results on Monday, September 28th. The company reported ($5.34) earnings per share for the quarter, beating analysts’ consensus estimates of ($5.35) by $0.01. Vail Resorts had a net margin of 5.20% and a return on equity of 22.82%. The firm had revenue of $278.07 million during the quarter, compared to analysts’ expectations of $269.30 million. During the same period in the previous year, the company earned ($5.08) earnings per share. Vail Resorts’s quarterly revenue was up 2.5% compared to the same quarter last year. As a group, equities analysts expect that Vail Resorts, Inc. will post 5.51 earnings per share for the current year.

Vail Resorts Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 27th. Shareholders of record on Thursday, October 8th were given a dividend of $2.22 per share. This represents a $8.88 dividend on an annualized basis and a yield of 5.6%. The ex-dividend date of this dividend was Thursday, October 8th. Vail Resorts’s dividend payout ratio (DPR) is presently 214.49%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Bamco Inc. NY acquired a new stake in shares of Vail Resorts during the second quarter worth approximately $889,971,000. BlackRock Inc. bought a new stake in shares of Vail Resorts in the second quarter worth $464,712,000. The Manufacturers Life Insurance Company bought a new stake in shares of Vail Resorts in the second quarter worth $131,418,000. HighTower Advisors LLC increased its stake in shares of Vail Resorts by 22.7% in the second quarter. HighTower Advisors LLC now owns 712,430 shares of the company’s stock worth $96,997,000 after buying an additional 131,898 shares during the last quarter. Finally, Corient Private Wealth LP acquired a new stake in Vail Resorts in the second quarter valued at $55,443,000. 94.90% of the stock is currently owned by institutional investors and hedge funds.

About Vail Resorts

Vail Resorts, Inc is a mountain resort company that operates ski and summer resorts, lodging properties, restaurants, retail locations and ski and snowboard schools. Its business serves vacationers, season-pass holders and day visitors through a combination of resort operations, hospitality and recreational services.

The company’s portfolio includes well-known North American destinations such as Vail, Beaver Creek, Breckenridge, Keystone, Park City, Whistler Blackcomb, Stowe and Heavenly.