Hardy Reed LLC Has $480,000 Stock Holdings in Vail Resorts, Inc. (NYSE:MTN)

Hardy Reed LLC grew its stake in shares of Vail Resorts, Inc. (NYSE:MTN) by 12.9% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 2,562 shares of the company’s stock after acquiring an additional 293 shares during the quarter. Hardy Reed LLC’s holdings in Vail Resorts were worth $480,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Western Pacific Wealth Management LP bought a new stake in shares of Vail Resorts during the 4th quarter valued at $291,000. Stifel Financial Corp lifted its position in shares of Vail Resorts by 47.6% during the 3rd quarter. Stifel Financial Corp now owns 21,131 shares of the company’s stock valued at $3,683,000 after acquiring an additional 6,816 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Vail Resorts by 17.6% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 27,232 shares of the company’s stock valued at $5,187,000 after acquiring an additional 4,080 shares during the period. Nisa Investment Advisors LLC lifted its position in shares of Vail Resorts by 409.9% during the 4th quarter. Nisa Investment Advisors LLC now owns 4,538 shares of the company’s stock valued at $861,000 after acquiring an additional 3,648 shares during the period. Finally, Geode Capital Management LLC lifted its position in shares of Vail Resorts by 1.3% during the 3rd quarter. Geode Capital Management LLC now owns 649,624 shares of the company’s stock valued at $113,252,000 after acquiring an additional 8,422 shares during the period. 94.94% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. Truist Financial cut their target price on Vail Resorts from $250.00 to $247.00 and set a “buy” rating for the company in a research report on Tuesday, December 10th. Mizuho upped their price objective on Vail Resorts from $222.00 to $227.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 10th. Macquarie upped their price objective on Vail Resorts from $180.00 to $195.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 11th. Morgan Stanley restated an “equal weight” rating and set a $197.00 price objective on shares of Vail Resorts in a research report on Monday, December 23rd. Finally, Stifel Nicolaus upped their price objective on Vail Resorts from $216.00 to $217.00 and gave the stock a “buy” rating in a research report on Tuesday, December 10th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $204.50.

Vail Resorts Price Performance

Vail Resorts stock opened at $160.23 on Thursday. The company has a current ratio of 0.63, a quick ratio of 0.51 and a debt-to-equity ratio of 3.64. The company has a market capitalization of $6.00 billion, a PE ratio of 26.62, a P/E/G ratio of 1.96 and a beta of 1.11. Vail Resorts, Inc. has a 12 month low of $158.66 and a 12 month high of $236.92. The stock has a 50-day moving average price of $177.18 and a two-hundred day moving average price of $177.50.

Vail Resorts (NYSE:MTN) last posted its earnings results on Monday, December 9th. The company reported ($4.61) EPS for the quarter, beating the consensus estimate of ($4.99) by $0.38. The firm had revenue of $260.28 million during the quarter, compared to the consensus estimate of $251.45 million. Vail Resorts had a return on equity of 21.90% and a net margin of 8.07%. The business’s quarterly revenue was up .7% on a year-over-year basis. During the same period last year, the company earned ($4.60) earnings per share. Analysts expect that Vail Resorts, Inc. will post 7.62 EPS for the current year.

Vail Resorts Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, January 9th. Stockholders of record on Thursday, December 26th were paid a $2.22 dividend. The ex-dividend date was Thursday, December 26th. This represents a $8.88 annualized dividend and a dividend yield of 5.54%. Vail Resorts’s payout ratio is 147.51%.

Vail Resorts Profile

Vail Resorts, Inc, through its subsidiaries, operates mountain resorts and regional ski areas in the United States. It operates through three segments: Mountain, Lodging, and Real Estate. The Mountain segment operates 41 destination mountain resorts and regional ski areas. This segment is also involved in the ancillary activities, including ski school, dining, and retail/rental operations, as well as real estate brokerage activities.