Stifel Nicolaus Lowers Vail Resorts (NYSE:MTN) Price Target to $216.00

Vail Resorts (NYSE:MTN) had its price target cut by Stifel Nicolaus from $223.00 to $216.00 in a report released on Friday, Benzinga reports. They currently have a buy rating on the stock.

A number of other equities analysts have also weighed in on MTN. Mizuho lowered their price target on shares of Vail Resorts from $256.00 to $231.00 and set a buy rating on the stock in a research report on Friday, June 7th. Morgan Stanley boosted their target price on Vail Resorts from $179.00 to $182.00 and gave the stock an equal weight rating in a report on Wednesday, September 25th. Deutsche Bank Aktiengesellschaft dropped their price target on Vail Resorts from $218.00 to $194.00 and set a hold rating for the company in a research report on Monday, September 16th. Barclays reduced their price objective on Vail Resorts from $201.00 to $161.00 and set an underweight rating on the stock in a research report on Friday, June 7th. Finally, JPMorgan Chase & Co. cut Vail Resorts from a neutral rating to an underweight rating and dropped their target price for the company from $217.00 to $176.00 in a report on Friday, June 7th. Three research analysts have rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of Hold and a consensus price target of $211.75.

Vail Resorts Stock Performance

NYSE MTN opened at $174.29 on Friday. The company has a debt-to-equity ratio of 2.04, a current ratio of 1.18 and a quick ratio of 1.08. Vail Resorts has a 1-year low of $165.14 and a 1-year high of $236.92. The company has a market cap of $6.56 billion, a PE ratio of 23.71, a price-to-earnings-growth ratio of 2.48 and a beta of 1.14. The stock’s 50 day simple moving average is $179.41 and its 200-day simple moving average is $191.18.

Vail Resorts (NYSE:MTN) last announced its quarterly earnings data on Thursday, September 26th. The company reported ($4.67) earnings per share for the quarter, missing analysts’ consensus estimates of ($4.28) by ($0.39). Vail Resorts had a net margin of 7.99% and a return on equity of 20.33%. The firm had revenue of $265.39 million during the quarter, compared to analysts’ expectations of $264.84 million. During the same quarter in the previous year, the business posted ($3.35) EPS. The company’s revenue for the quarter was down 1.6% on a year-over-year basis. As a group, equities research analysts anticipate that Vail Resorts will post 8.16 EPS for the current fiscal year.

Vail Resorts Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 24th. Investors of record on Tuesday, October 8th will be issued a $2.22 dividend. The ex-dividend date of this dividend is Tuesday, October 8th. This represents a $8.88 annualized dividend and a yield of 5.09%. Vail Resorts’s dividend payout ratio (DPR) is currently 120.82%.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. Principal Financial Group Inc. raised its stake in shares of Vail Resorts by 1.0% in the 1st quarter. Principal Financial Group Inc. now owns 1,807,277 shares of the company’s stock valued at $402,716,000 after acquiring an additional 17,432 shares during the period. TPG GP A LLC increased its holdings in Vail Resorts by 17.4% in the 2nd quarter. TPG GP A LLC now owns 899,446 shares of the company’s stock valued at $162,017,000 after purchasing an additional 133,607 shares during the last quarter. The Manufacturers Life Insurance Company increased its holdings in Vail Resorts by 673.1% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 635,546 shares of the company’s stock valued at $114,481,000 after purchasing an additional 553,337 shares during the last quarter. Nordea Investment Management AB raised its position in Vail Resorts by 5.9% in the first quarter. Nordea Investment Management AB now owns 441,749 shares of the company’s stock valued at $98,470,000 after purchasing an additional 24,456 shares during the period. Finally, Dimensional Fund Advisors LP lifted its stake in Vail Resorts by 36.3% during the second quarter. Dimensional Fund Advisors LP now owns 356,386 shares of the company’s stock worth $64,195,000 after purchasing an additional 94,923 shares in the last quarter. 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.