Vail Resorts (NYSE:MTN) Reaches New 52-Week Low – Here’s Why

Vail Resorts, Inc. (NYSE:MTN)’s share price reached a new 52-week low on Tuesday . The company traded as low as $153.51 and last traded at $154.40, with a volume of 51468 shares changing hands. The stock had previously closed at $158.44.

Wall Street Analyst Weigh In

MTN has been the subject of a number of recent research reports. Truist Financial decreased their price objective on shares of Vail Resorts from $250.00 to $247.00 and set a “buy” rating for the company in a report on Tuesday, December 10th. Deutsche Bank Aktiengesellschaft increased their price objective on Vail Resorts from $185.00 to $196.00 and gave the company a “hold” rating in a report on Monday, December 9th. Morgan Stanley restated an “equal weight” rating and issued a $197.00 target price on shares of Vail Resorts in a report on Monday, December 23rd. Stifel Nicolaus increased their price target on Vail Resorts from $216.00 to $217.00 and gave the company a “buy” rating in a report on Tuesday, December 10th. Finally, Barclays boosted their price objective on shares of Vail Resorts from $155.00 to $165.00 and gave the stock an “underweight” rating in a research note 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 company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $204.50.

Vail Resorts Trading Down 1.4 %

The firm has a market capitalization of $5.85 billion, a P/E ratio of 25.96, a PEG ratio of 1.93 and a beta of 1.11. The business has a 50-day moving average price of $172.35 and a 200-day moving average price of $176.76. 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 issued its earnings results on Monday, December 9th. The company reported ($4.61) earnings per share for the quarter, beating the consensus estimate of ($4.99) by $0.38. Vail Resorts had a net margin of 8.07% and a return on equity of 21.90%. The business had revenue of $260.28 million for the quarter, compared to analyst estimates of $251.45 million. During the same period in the previous year, the business earned ($4.60) EPS. The firm’s revenue was up .7% on a year-over-year basis. Analysts anticipate that Vail Resorts, Inc. will post 7.62 earnings per share for the current year.

Vail Resorts Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Investors of record on Thursday, December 26th were given a dividend of $2.22 per share. The ex-dividend date was Thursday, December 26th. This represents a $8.88 annualized dividend and a dividend yield of 5.68%. Vail Resorts’s dividend payout ratio (DPR) is presently 147.51%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in MTN. Capital Performance Advisors LLP acquired a new stake in shares of Vail Resorts during the 3rd quarter worth about $25,000. Heck Capital Advisors LLC bought a new stake in Vail Resorts during the fourth quarter worth about $33,000. Blue Trust Inc. increased its holdings in shares of Vail Resorts by 246.7% during the fourth quarter. Blue Trust Inc. now owns 208 shares of the company’s stock worth $36,000 after buying an additional 148 shares in the last quarter. Eagle Bay Advisors LLC bought a new position in shares of Vail Resorts in the fourth quarter valued at approximately $40,000. Finally, GeoWealth Management LLC boosted its holdings in shares of Vail Resorts by 162.2% in the 4th quarter. GeoWealth Management LLC now owns 291 shares of the company’s stock worth $55,000 after acquiring an additional 180 shares in the last quarter. 94.94% of the stock is owned by institutional investors.

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.