Barclays Lowers Vail Resorts (NYSE:MTN) Price Target to $155.00

Vail Resorts (NYSE:MTN) had its price objective lowered by Barclays from $161.00 to $155.00 in a research report report published on Friday morning, Benzinga reports. The brokerage currently has an underweight rating on the stock.

Several other research analysts have also weighed in on MTN. JPMorgan Chase & Co. lowered Vail Resorts from a neutral rating to an underweight rating and lowered their price objective for the stock from $217.00 to $176.00 in a research report on Friday, June 7th. Mizuho lowered their price target on Vail Resorts from $256.00 to $231.00 and set a buy rating for the company in a report on Friday, June 7th. Morgan Stanley boosted their price objective on shares of Vail Resorts from $179.00 to $182.00 and gave the company an equal weight rating in a report on Wednesday, September 25th. Stifel Nicolaus lowered their target price on shares of Vail Resorts from $223.00 to $216.00 and set a buy rating for the company in a research note on Friday. Finally, Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Vail Resorts from $218.00 to $194.00 and set a hold rating on the stock in a report on Monday, September 16th. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of Hold and a consensus target price of $211.75.

Vail Resorts Stock Down 3.9 %

Shares of MTN opened at $180.61 on Friday. The stock has a 50 day moving average price of $179.54 and a 200 day moving average price of $191.51. Vail Resorts has a one year low of $165.14 and a one year high of $242.47. The company has a debt-to-equity ratio of 2.04, a quick ratio of 1.08 and a current ratio of 1.18. The stock has a market capitalization of $6.80 billion, a price-to-earnings ratio of 24.57, a PEG ratio of 2.56 and a beta of 1.14.

Vail Resorts (NYSE:MTN) last issued its earnings results on Thursday, September 26th. The company reported ($4.67) earnings per share for the quarter, missing the consensus estimate of ($4.28) by ($0.39). The company had revenue of $265.39 million for the quarter, compared to analyst estimates of $264.84 million. Vail Resorts had a return on equity of 23.41% and a net margin of 9.59%. The company’s revenue for the quarter was down 1.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($3.35) earnings per share. Equities research analysts forecast that Vail Resorts will post 6.44 earnings per share for the current fiscal year.

Vail Resorts Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 24th. Shareholders of record on Tuesday, October 8th will be paid a dividend of $2.22 per share. This represents a $8.88 dividend on an annualized basis and a dividend yield of 4.92%. The ex-dividend date is Tuesday, October 8th. Vail Resorts’s dividend payout ratio is presently 120.82%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Signaturefd LLC increased its position in shares of Vail Resorts by 150.9% during the second quarter. Signaturefd LLC now owns 138 shares of the company’s stock worth $25,000 after acquiring an additional 83 shares during the last quarter. Quarry LP purchased a new stake in Vail Resorts during the 4th quarter worth approximately $35,000. Brown Brothers Harriman & Co. increased its holdings 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 last quarter. Canton Hathaway LLC raised its position in shares of Vail Resorts by 66.7% in the 2nd quarter. Canton Hathaway LLC now owns 250 shares of the company’s stock valued at $45,000 after purchasing an additional 100 shares in the last quarter. Finally, Triad Wealth Partners LLC purchased a new position in shares of Vail Resorts during the 2nd quarter valued at approximately $51,000. 94.94% of the stock is currently owned by hedge funds and other 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.