Vail Resorts (NYSE:MTN) Price Target Lowered to $166.00 at JPMorgan Chase & Co.

Vail Resorts (NYSE:MTN) had its target price lowered by JPMorgan Chase & Co. from $176.00 to $166.00 in a research report sent to investors on Friday,Benzinga reports. The brokerage currently has an underweight rating on the stock.

Other equities research analysts have also recently issued reports about the stock. Truist Financial reduced their price target on shares of Vail Resorts from $250.00 to $247.00 and set a “buy” rating for the company in a research report on Tuesday, December 10th. StockNews.com raised Vail Resorts from a “sell” rating to a “hold” rating in a report on Friday, December 13th. UBS Group initiated coverage on Vail Resorts in a research report on Thursday, November 14th. They issued a “neutral” rating and a $185.00 target price for the company. Mizuho lifted their price target on Vail Resorts from $222.00 to $227.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 10th. Finally, Barclays increased 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 investment analysts have rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, Vail Resorts presently has an average rating of “Hold” and a consensus target price of $204.50.

Vail Resorts Stock Down 1.5 %

Shares of NYSE MTN opened at $177.38 on Friday. Vail Resorts has a 1 year low of $165.00 and a 1 year high of $236.92. The company has a market capitalization of $6.64 billion, a price-to-earnings ratio of 29.47, a price-to-earnings-growth ratio of 2.07 and a beta of 1.12. The company has a debt-to-equity ratio of 3.64, a current ratio of 0.63 and a quick ratio of 0.51. The business has a 50-day moving average of $184.09 and a two-hundred day moving average of $179.15.

Vail Resorts (NYSE:MTN) last announced its quarterly earnings results on Monday, December 9th. The company reported ($4.61) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 company posted ($4.60) earnings per share. The firm’s quarterly revenue was up .7% compared to the same quarter last year. On average, analysts forecast that Vail Resorts will post 7.57 earnings per share for the current fiscal 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 dividend of $2.22 per share. This represents a $8.88 annualized dividend and a dividend yield of 5.01%. The ex-dividend date of this dividend was Thursday, December 26th. Vail Resorts’s dividend payout ratio (DPR) is presently 147.51%.

Hedge Funds Weigh In On Vail Resorts

Hedge funds and other institutional investors have recently bought and sold shares of the company. Envestnet Asset Management Inc. lifted its position in Vail Resorts by 2.2% in the second quarter. Envestnet Asset Management Inc. now owns 129,550 shares of the company’s stock valued at $23,336,000 after purchasing an additional 2,730 shares during the period. Brown Brothers Harriman & Co. increased its position in Vail Resorts by 318.8% during the 2nd quarter. Brown Brothers Harriman & Co. now owns 201 shares of the company’s stock worth $36,000 after purchasing an additional 153 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Vail Resorts by 36.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 356,386 shares of the company’s stock worth $64,195,000 after buying an additional 94,923 shares in the last quarter. Amalgamated Bank lifted its holdings in shares of Vail Resorts by 7.7% in the 2nd quarter. Amalgamated Bank now owns 22,379 shares of the company’s stock valued at $4,031,000 after buying an additional 1,603 shares during the period. Finally, XTX Topco Ltd purchased a new stake in shares of Vail Resorts in the second quarter valued at approximately $315,000. 94.94% of the stock is currently owned by hedge funds and other institutional investors.

About Vail Resorts

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.