Vail Resorts (NYSE:MTN) Hits New 12-Month Low – Here’s Why

Vail Resorts, Inc. (NYSE:MTN)’s stock price hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $156.17 and last traded at $156.55, with a volume of 352127 shares changing hands. The stock had previously closed at $158.93.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. Morgan Stanley reaffirmed an “equal weight” rating and issued a $197.00 target price on shares of Vail Resorts in a research report on Monday, December 23rd. Macquarie raised 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. Stifel Nicolaus upped their target price on Vail Resorts from $216.00 to $217.00 and gave the company a “buy” rating in a report on Tuesday, December 10th. Deutsche Bank Aktiengesellschaft increased their price target on shares of Vail Resorts from $185.00 to $196.00 and gave the stock a “hold” rating in a research report on Monday, December 9th. Finally, Barclays boosted their price objective on shares of Vail Resorts from $155.00 to $165.00 and gave the company an “underweight” rating in a research report on Tuesday, December 10th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, Vail Resorts currently has a consensus rating of “Hold” and a consensus price target of $204.50.

Vail Resorts Stock Down 1.5 %

The stock has a market cap of $5.86 billion, a price-to-earnings ratio of 26.00, a P/E/G ratio of 1.93 and a beta of 1.11. The business has a fifty day moving average of $175.18 and a 200 day moving average of $177.31. The company has a debt-to-equity ratio of 3.64, a current ratio of 0.63 and a quick ratio of 0.51.

Vail Resorts (NYSE:MTN) last announced its quarterly earnings results on Monday, December 9th. The company reported ($4.61) EPS for the quarter, topping 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 company had revenue of $260.28 million for the quarter, compared to analyst estimates of $251.45 million. During the same quarter in the prior year, the business posted ($4.60) EPS. Vail Resorts’s quarterly revenue was up .7% on a year-over-year basis. On average, equities analysts predict that Vail Resorts, Inc. will post 7.62 earnings per share for the current year.

Vail Resorts Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Thursday, December 26th were given a dividend of $2.22 per share. This represents a $8.88 annualized dividend and a yield of 5.67%. The ex-dividend date was Thursday, December 26th. Vail Resorts’s payout ratio is 147.51%.

Institutional Trading of Vail Resorts

A number of institutional investors and hedge funds have recently made changes to their positions in MTN. Miracle Mile Advisors LLC raised its stake in shares of Vail Resorts by 3.2% in the 4th quarter. Miracle Mile Advisors LLC now owns 2,121 shares of the company’s stock valued at $398,000 after acquiring an additional 65 shares in the last quarter. Raleigh Capital Management Inc. raised its position in shares of Vail Resorts by 20.6% in the fourth quarter. Raleigh Capital Management Inc. now owns 393 shares of the company’s stock valued at $74,000 after purchasing an additional 67 shares during the period. Sterling Capital Management LLC raised its position in shares of Vail Resorts by 8.5% in the fourth quarter. Sterling Capital Management LLC now owns 881 shares of the company’s stock valued at $165,000 after purchasing an additional 69 shares during the period. Accretive Wealth Partners LLC lifted its stake in shares of Vail Resorts by 1.5% in the fourth quarter. Accretive Wealth Partners LLC now owns 5,294 shares of the company’s stock worth $992,000 after buying an additional 80 shares during the last quarter. Finally, UMB Bank n.a. boosted its holdings in shares of Vail Resorts by 37.9% during the 4th quarter. UMB Bank n.a. now owns 302 shares of the company’s stock worth $57,000 after buying an additional 83 shares during the period. Institutional investors and hedge funds own 94.94% of the company’s stock.

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.