Shares of Vail Resorts, Inc. (NYSE:MTN) have received an average recommendation of “Hold” from the twelve analysts that are covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, five have given a hold recommendation and six have given a buy recommendation to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $238.08.
Several equities analysts have recently issued reports on the company. Zacks Investment Research upgraded Vail Resorts from a “hold” rating to a “buy” rating and set a $253.00 price objective for the company in a research note on Friday, May 10th. William Blair reiterated an “outperform” rating on shares of Vail Resorts in a research note on Friday, June 7th. Macquarie lowered Vail Resorts from an “outperform” rating to a “neutral” rating and set a $221.62 target price on the stock. in a research report on Thursday, April 4th. Stifel Nicolaus raised their target price on Vail Resorts from $219.00 to $230.00 and gave the stock a “hold” rating in a research report on Friday, June 7th. Finally, KeyCorp raised their target price on Vail Resorts from $240.00 to $250.00 and gave the stock an “overweight” rating in a research report on Monday, April 1st.
Shares of MTN opened at $225.89 on Wednesday. The firm has a 50-day moving average of $224.66. The company has a quick ratio of 0.62, a current ratio of 0.76 and a debt-to-equity ratio of 0.69. The stock has a market cap of $9.01 billion, a PE ratio of 35.91, a PEG ratio of 2.13 and a beta of 0.67. Vail Resorts has a 1 year low of $179.60 and a 1 year high of $302.76.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 11th. Stockholders of record on Wednesday, June 26th will be given a dividend of $1.76 per share. This represents a $7.04 annualized dividend and a dividend yield of 3.12%. The ex-dividend date is Tuesday, June 25th. Vail Resorts’s dividend payout ratio (DPR) is presently 111.92%.
In other Vail Resorts news, Chairman Robert A. Katz sold 64,913 shares of Vail Resorts stock in a transaction that occurred on Tuesday, June 11th. The stock was sold at an average price of $231.95, for a total transaction of $15,056,570.35. Following the transaction, the chairman now owns 425,729 shares of the company’s stock, valued at $98,747,841.55. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Patricia A. Campbell sold 6,431 shares of Vail Resorts stock in a transaction that occurred on Monday, June 10th. The stock was sold at an average price of $235.53, for a total value of $1,514,693.43. Following the transaction, the insider now directly owns 33,729 shares in the company, valued at approximately $7,944,191.37. The disclosure for this sale can be found here. 2.90% of the stock is currently owned by company insiders.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Pinnacle Financial Partners Inc. acquired a new position in shares of Vail Resorts in the first quarter valued at approximately $28,000. Private Ocean LLC acquired a new position in shares of Vail Resorts in the first quarter valued at approximately $43,000. Quadrant Capital Group LLC acquired a new position in shares of Vail Resorts in the first quarter valued at approximately $46,000. Private Capital Group LLC increased its holdings in shares of Vail Resorts by 45.4% in the first quarter. Private Capital Group LLC now owns 301 shares of the company’s stock valued at $66,000 after purchasing an additional 94 shares during the period. Finally, Flagship Harbor Advisors LLC increased its holdings in shares of Vail Resorts by 139.0% in the first quarter. Flagship Harbor Advisors LLC now owns 674 shares of the company’s stock valued at $146,000 after purchasing an additional 392 shares during the period. 97.74% of the stock is currently owned by institutional investors.
About Vail Resorts
Vail Resorts, Inc, through its subsidiaries, operates mountain resorts and urban ski areas in the United States. The company operates through three segments: Mountain, Lodging, and Real Estate. The Mountain segment operates 11 mountain resorts, including Vail Mountain, Breckenridge Ski, Keystone, and Beaver Creek resorts in Colorado; Park City resort in Utah; Heavenly Mountain, Northstar, and Kirkwood Mountain resorts in the Lake Tahoe area of California and Nevada; Whistler Blackcomb in Canada; Stowe Mountain resort in Vermont; and Perisher in Australia, as well as 3 urban ski areas, such as Wilmot Mountain in Wisconsin, Afton Alps in Minnesota, and Mount Brighton in Michigan.
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