Morgan Stanley Has Lowered Expectations for Vail Resorts (NYSE:MTN) Stock Price

Vail Resorts (NYSE:MTN) had its target price cut by Morgan Stanley from $197.00 to $178.00 in a research report report published on Tuesday morning, MarketBeat reports. They currently have an equal weight rating on the stock.

MTN has been the topic of a number of other reports. Truist Financial dropped their price target on shares of Vail Resorts from $250.00 to $247.00 and set a “buy” rating on the stock in a research note on Tuesday, December 10th. Barclays restated an “underweight” rating and set a $152.00 price target (down from $165.00) on shares of Vail Resorts in a research note on Monday. StockNews.com upgraded shares of Vail Resorts from a “sell” rating to a “hold” rating in a research note on Friday, December 13th. Stifel Nicolaus upped their price target on shares of Vail Resorts from $216.00 to $217.00 and gave the company a “buy” rating in a research note on Tuesday, December 10th. Finally, Mizuho upped their price target on shares of Vail Resorts from $222.00 to $227.00 and gave the company an “outperform” rating in a research note on Tuesday, December 10th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $193.56.

Vail Resorts Stock Down 1.4 %

MTN opened at $159.44 on Tuesday. The company has a quick ratio of 0.51, a current ratio of 0.63 and a debt-to-equity ratio of 3.64. The stock has a market cap of $5.97 billion, a price-to-earnings ratio of 26.48, a PEG ratio of 1.93 and a beta of 1.12. Vail Resorts has a twelve month low of $151.99 and a twelve month high of $233.57. The company’s 50-day moving average price is $167.95 and its two-hundred day moving average price is $175.86.

Vail Resorts (NYSE:MTN) last released its earnings results on Monday, March 10th. The company reported $6.56 earnings per share for the quarter, beating analysts’ consensus estimates of $6.29 by $0.27. The firm had revenue of $1.14 billion for the quarter, compared to analysts’ expectations of $1.14 billion. Vail Resorts had a net margin of 8.07% and a return on equity of 21.90%. The company’s quarterly revenue was up 5.5% on a year-over-year basis. During the same period in the previous year, the company earned $5.76 earnings per share. As a group, equities analysts expect that Vail Resorts will post 7.62 earnings per share for the current year.

Vail Resorts Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Investors of record on Thursday, March 27th will be issued a dividend of $2.22 per share. This represents a $8.88 dividend on an annualized basis and a yield of 5.57%. The ex-dividend date of this dividend is Thursday, March 27th. Vail Resorts’s dividend payout ratio (DPR) is presently 147.51%.

Insider Transactions at Vail Resorts

In related news, CFO Angela A. Korch purchased 185 shares of the firm’s stock in a transaction dated Thursday, March 13th. The shares were purchased at an average price of $160.00 per share, with a total value of $29,600.00. Following the acquisition, the chief financial officer now directly owns 2,956 shares of the company’s stock, valued at approximately $472,960. This represents a 6.68 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.20% of the company’s stock.

Hedge Funds Weigh In On Vail Resorts

A number of institutional investors have recently made changes to their positions in MTN. Norges Bank bought a new position in shares of Vail Resorts in the 4th quarter worth $80,669,000. Point72 Asset Management L.P. boosted its stake in shares of Vail Resorts by 170.1% in the 4th quarter. Point72 Asset Management L.P. now owns 546,423 shares of the company’s stock valued at $102,427,000 after purchasing an additional 344,095 shares in the last quarter. The Manufacturers Life Insurance Company boosted its stake in shares of Vail Resorts by 42.1% in the 4th quarter. The Manufacturers Life Insurance Company now owns 976,468 shares of the company’s stock valued at $183,039,000 after purchasing an additional 289,484 shares in the last quarter. Wealthfront Advisers LLC purchased a new stake in shares of Vail Resorts in the 4th quarter valued at $42,532,000. Finally, FMR LLC boosted its stake in shares of Vail Resorts by 1,080.8% in the 3rd quarter. FMR LLC now owns 207,809 shares of the company’s stock valued at $36,219,000 after purchasing an additional 190,210 shares in the last quarter. Institutional investors own 94.94% of the company’s stock.

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.