Vail Resorts’ (MTN) Equal Weight Rating Reiterated at Morgan Stanley

Morgan Stanley reiterated their equal weight rating on shares of Vail Resorts (NYSE:MTN) in a research note published on Monday,Benzinga reports. They currently have a $197.00 price target on the stock.

Several other brokerages also recently weighed in on MTN. Mizuho increased their price target on Vail Resorts from $222.00 to $227.00 and gave the stock an “outperform” rating in a report on Tuesday, December 10th. Truist Financial reduced their target price on shares of Vail Resorts from $250.00 to $247.00 and set a “buy” rating for the company in a research note on Tuesday, December 10th. Macquarie boosted their price target on shares of Vail Resorts from $180.00 to $195.00 and gave the stock a “neutral” rating in a research note on Wednesday, December 11th. Stifel Nicolaus increased their price target on shares of Vail Resorts from $216.00 to $217.00 and gave the stock a “buy” rating in a report on Tuesday, December 10th. Finally, Barclays lifted their price objective on Vail Resorts from $155.00 to $165.00 and gave the company an “underweight” rating in a report on Tuesday, December 10th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, Vail Resorts presently has a consensus rating of “Hold” and an average target price of $205.50.

Vail Resorts Price Performance

Shares of MTN opened at $191.55 on Monday. The company has a debt-to-equity ratio of 3.64, a quick ratio of 0.71 and a current ratio of 0.63. Vail Resorts has a fifty-two week low of $165.00 and a fifty-two week high of $236.92. The firm has a 50-day simple moving average of $179.92 and a 200-day simple moving average of $178.73. The company has a market capitalization of $7.17 billion, a price-to-earnings ratio of 31.82, a price-to-earnings-growth ratio of 2.22 and a beta of 1.14.

Vail Resorts (NYSE:MTN) last posted its quarterly earnings data on Monday, December 9th. The company reported ($4.61) EPS for the quarter, beating the consensus estimate of ($4.99) by $0.38. Vail Resorts had a return on equity of 21.90% and a net margin of 8.07%. The firm had revenue of $260.28 million during the quarter, compared to the consensus estimate of $251.45 million. During the same period in the prior year, the business earned ($4.60) EPS. The firm’s revenue was up .7% compared to the same quarter last year. On average, equities research analysts anticipate that Vail Resorts will post 7.49 earnings per share for the current year.

Vail Resorts Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 9th. Stockholders of record on Thursday, December 26th will be paid a dividend of $2.22 per share. This represents a $8.88 annualized dividend and a dividend yield of 4.64%. The ex-dividend date is Thursday, December 26th. Vail Resorts’s dividend payout ratio (DPR) is 147.51%.

Insider Buying and Selling

In related news, insider Robert A. Katz sold 9,296 shares of the business’s stock in a transaction dated Wednesday, October 2nd. The shares were sold at an average price of $175.98, for a total value of $1,635,910.08. Following the sale, the insider now directly owns 245,961 shares in the company, valued at $43,284,216.78. The trade was a 3.64 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director John F. Sorte sold 1,670 shares of the stock in a transaction dated Wednesday, October 2nd. The shares were sold at an average price of $173.07, for a total transaction of $289,026.90. Following the completion of the sale, the director now directly owns 45,111 shares in the company, valued at approximately $7,807,360.77. The trade was a 3.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.20% of the company’s stock.

Institutional Investors Weigh In On Vail Resorts

Institutional investors and hedge funds have recently bought and sold shares of the stock. Signaturefd LLC raised its holdings in shares of Vail Resorts by 150.9% in the second quarter. Signaturefd LLC now owns 138 shares of the company’s stock worth $25,000 after acquiring an additional 83 shares during the last quarter. V Square Quantitative Management LLC purchased a new stake in Vail Resorts during the 3rd quarter worth about $25,000. Capital Performance Advisors LLP acquired a new position in Vail Resorts in the 3rd quarter valued at about $25,000. Brown Brothers Harriman & Co. lifted its holdings in Vail Resorts by 318.8% in the 2nd quarter. Brown Brothers Harriman & Co. now owns 201 shares of the company’s stock valued at $36,000 after purchasing an additional 153 shares in the last quarter. Finally, UMB Bank n.a. lifted its holdings in Vail Resorts by 123.5% in the 3rd quarter. UMB Bank n.a. now owns 219 shares of the company’s stock valued at $38,000 after purchasing an additional 121 shares in the last quarter. Hedge funds and other institutional investors own 94.94% of the company’s stock.

Vail Resorts Company 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.