Vail Resorts (NYSE:MTN) Reaches New 52-Week Low – Here’s Why

Vail Resorts, Inc. (NYSE:MTN) reached a new 52-week low during trading on Friday . The company traded as low as $146.74 and last traded at $148.20, with a volume of 119018 shares changing hands. The stock had previously closed at $155.00.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. Stifel Nicolaus increased their target price on shares of Vail Resorts from $216.00 to $217.00 and gave the stock a “buy” rating in a research note on Tuesday, December 10th. Truist Financial dropped their target price on shares of Vail Resorts from $250.00 to $247.00 and set a “buy” rating for the company in a report on Tuesday, December 10th. Macquarie decreased their price target on Vail Resorts from $195.00 to $185.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 12th. Morgan Stanley dropped their price objective on Vail Resorts from $197.00 to $178.00 and set an “equal weight” rating for the company in a research note on Tuesday, March 11th. Finally, Mizuho decreased their target price on Vail Resorts from $227.00 to $215.00 and set an “outperform” rating on the stock in a research note on Tuesday, March 11th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, Vail Resorts presently has a consensus rating of “Hold” and a consensus price target of $193.56.

Vail Resorts Stock Down 6.5 %

The firm has a market cap of $5.41 billion, a PE ratio of 24.08, a PEG ratio of 1.93 and a beta of 0.93. The company has a current ratio of 0.63, a quick ratio of 0.51 and a debt-to-equity ratio of 3.64. The firm has a 50 day moving average price of $161.95 and a 200-day moving average price of $173.30.

Vail Resorts (NYSE:MTN) last posted its quarterly 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. Vail Resorts had a return on equity of 21.90% and a net margin of 8.07%. The company had revenue of $1.14 billion for the quarter, compared to analysts’ expectations of $1.14 billion. During the same period last year, the firm earned $5.76 earnings per share. Vail Resorts’s quarterly revenue was up 5.5% on a year-over-year basis. Research analysts forecast that Vail Resorts, Inc. will post 7.62 EPS for the current fiscal year.

Vail Resorts Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 10th. Investors of record on Thursday, March 27th will be paid a dividend of $2.22 per share. The ex-dividend date is Thursday, March 27th. This represents a $8.88 annualized dividend and a yield of 6.13%. Vail Resorts’s dividend payout ratio is currently 130.21%.

Insider Buying and Selling at Vail Resorts

In other news, CFO Angela A. Korch bought 185 shares of Vail Resorts stock in a transaction dated Thursday, March 13th. The stock was acquired at an average cost of $160.00 per share, with a total value of $29,600.00. Following the acquisition, the chief financial officer now owns 2,956 shares of the company’s stock, valued at approximately $472,960. This trade represents a 6.68 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. 1.20% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. Heck Capital Advisors LLC acquired a new stake in shares of Vail Resorts in the fourth quarter valued at approximately $33,000. Blue Trust Inc. raised its position in Vail Resorts by 246.7% in the 4th quarter. Blue Trust Inc. now owns 208 shares of the company’s stock valued at $36,000 after purchasing an additional 148 shares during the last quarter. Eagle Bay Advisors LLC acquired a new stake in Vail Resorts during the 4th quarter worth $40,000. GeoWealth Management LLC grew its position in Vail Resorts by 162.2% during the 4th quarter. GeoWealth Management LLC now owns 291 shares of the company’s stock worth $55,000 after purchasing an additional 180 shares during the last quarter. Finally, UMB Bank n.a. increased its stake in Vail Resorts by 37.9% in the fourth quarter. UMB Bank n.a. now owns 302 shares of the company’s stock valued at $57,000 after purchasing an additional 83 shares during the period. Hedge funds and other 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.