Vail Resorts (NYSE:MTN) Reaches New 1-Year Low – Should You Sell?

Vail Resorts, Inc. (NYSE:MTN) reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $163.72 and last traded at $164.49, with a volume of 139 shares trading hands. The stock had previously closed at $164.93.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Macquarie lifted their target price on Vail Resorts from $180.00 to $195.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 11th. Truist Financial reduced their price objective on Vail Resorts from $250.00 to $247.00 and set a “buy” rating for the company in a research note on Tuesday, December 10th. JPMorgan Chase & Co. lowered their target price on shares of Vail Resorts from $176.00 to $166.00 and set an “underweight” rating on the stock in a research report on Friday, January 17th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Vail Resorts from $185.00 to $196.00 and gave the company a “hold” rating in a research report on Monday, December 9th. Finally, Morgan Stanley reissued an “equal weight” rating and set a $197.00 price objective on shares of Vail Resorts in a research report on Monday, December 23rd. Two analysts have rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, Vail Resorts presently has a consensus rating of “Hold” and an average price target of $204.50.

Vail Resorts Trading Down 1.1 %

The firm has a market cap of $5.93 billion, a PE ratio of 26.32, a P/E/G ratio of 1.96 and a beta of 1.11. The company’s fifty day moving average price is $177.18 and its two-hundred day moving average price is $177.50. The company has a quick ratio of 0.51, a current ratio of 0.63 and a debt-to-equity ratio of 3.64.

Vail Resorts (NYSE:MTN) last announced its quarterly earnings data on Monday, December 9th. The company reported ($4.61) earnings per share for the quarter, beating analysts’ consensus estimates of ($4.99) by $0.38. The company had revenue of $260.28 million for the quarter, compared to analyst estimates of $251.45 million. Vail Resorts had a return on equity of 21.90% and a net margin of 8.07%. The firm’s revenue for the quarter was up .7% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($4.60) EPS. As a group, sell-side analysts forecast that Vail Resorts, Inc. will post 7.62 earnings per share for the current fiscal year.

Vail Resorts Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Thursday, December 26th were given a $2.22 dividend. This represents a $8.88 annualized dividend and a yield of 5.61%. The ex-dividend date of this dividend was Thursday, December 26th. Vail Resorts’s payout ratio is 147.51%.

Institutional Investors Weigh In On Vail Resorts

A number of hedge funds and other institutional investors have recently bought and sold shares of MTN. Western Pacific Wealth Management LP purchased a new position in Vail Resorts in the fourth quarter valued at about $291,000. Stifel Financial Corp grew its holdings in shares of Vail Resorts by 47.6% in the 3rd quarter. Stifel Financial Corp now owns 21,131 shares of the company’s stock worth $3,683,000 after acquiring an additional 6,816 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its stake in Vail Resorts by 17.6% in 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 purchasing an additional 4,080 shares in the last quarter. Nisa Investment Advisors LLC raised its holdings in Vail Resorts by 409.9% during the fourth quarter. Nisa Investment Advisors LLC now owns 4,538 shares of the company’s stock worth $861,000 after purchasing an additional 3,648 shares during the last quarter. Finally, Geode Capital Management LLC boosted its position in Vail Resorts by 1.3% during the third quarter. Geode Capital Management LLC now owns 649,624 shares of the company’s stock worth $113,252,000 after purchasing an additional 8,422 shares in the last quarter. Institutional investors and hedge funds 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.