Vail Resorts (NYSE:MTN) Price Target Lowered to $134.00 at Deutsche Bank Aktiengesellschaft

Vail Resorts (NYSE:MTN) had its price objective dropped by Deutsche Bank Aktiengesellschaft from $143.00 to $134.00 in a research note issued to investors on Tuesday,MarketScreener reports. The firm currently has a “hold” rating on the stock. Deutsche Bank Aktiengesellschaft’s price target would suggest a potential upside of 2.91% from the stock’s current price.

Other equities analysts have also issued research reports about the company. Morgan Stanley cut their target price on Vail Resorts from $151.00 to $147.00 and set an “equal weight” rating on the stock in a research note on Thursday, March 12th. Stifel Nicolaus set a $167.00 price target on shares of Vail Resorts in a research report on Tuesday. Truist Financial lowered their price target on shares of Vail Resorts from $217.00 to $212.00 and set a “buy” rating on the stock in a report on Thursday, April 23rd. Weiss Ratings lowered shares of Vail Resorts from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, April 9th. Finally, BNP Paribas Exane reissued an “outperform” rating on shares of Vail Resorts in a research report on Tuesday, March 10th. Five investment analysts have rated the stock with a Buy rating, six have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $154.18.

Vail Resorts Stock Down 5.1%

NYSE:MTN traded down $7.00 during trading hours on Tuesday, reaching $130.21. The company’s stock had a trading volume of 506,621 shares, compared to its average volume of 840,051. The stock has a 50 day moving average price of $128.09 and a two-hundred day moving average price of $135.29. The company has a debt-to-equity ratio of 4.43, a quick ratio of 0.51 and a current ratio of 0.62. The company has a market capitalization of $4.64 billion, a P/E ratio of 21.22, a price-to-earnings-growth ratio of 11.52 and a beta of 0.72. Vail Resorts has a 12 month low of $118.51 and a 12 month high of $172.00.

Vail Resorts (NYSE:MTN) last announced its quarterly earnings results on Monday, June 8th. The company reported $8.81 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $8.97 by ($0.16). The company had revenue of $1.21 billion during the quarter, compared to analysts’ expectations of $1.20 billion. Vail Resorts had a net margin of 7.89% and a return on equity of 29.72%. The company’s revenue was down 7.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $10.54 earnings per share. Equities analysts predict that Vail Resorts will post 4.76 EPS for the current fiscal year.

Insider Transactions at Vail Resorts

In related news, CEO Robert A. Katz acquired 37,500 shares of the business’s stock in a transaction dated Monday, March 16th. The shares were purchased at an average price of $131.81 per share, for a total transaction of $4,942,875.00. Following the completion of the acquisition, the chief executive officer directly owned 285,312 shares in the company, valued at $37,606,974.72. The trade was a 15.13% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Angela A. Korch bought 190 shares of the stock in a transaction that occurred on Monday, March 16th. The stock was bought at an average price of $131.85 per share, with a total value of $25,051.50. Following the completion of the purchase, the chief financial officer directly owned 5,539 shares in the company, valued at $730,317.15. This represents a 3.55% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 1.20% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Vail Resorts

Hedge funds have recently made changes to their positions in the company. BOKF NA raised its stake in Vail Resorts by 833.3% in the 3rd quarter. BOKF NA now owns 168 shares of the company’s stock worth $25,000 after acquiring an additional 150 shares during the last quarter. EverSource Wealth Advisors LLC grew its stake in Vail Resorts by 815.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 174 shares of the company’s stock valued at $27,000 after purchasing an additional 155 shares during the last quarter. Golden State Wealth Management LLC increased its holdings in shares of Vail Resorts by 83.3% in the fourth quarter. Golden State Wealth Management LLC now owns 220 shares of the company’s stock valued at $29,000 after purchasing an additional 100 shares during the period. Danske Bank A S acquired a new position in shares of Vail Resorts in the third quarter valued at about $30,000. Finally, Caitong International Asset Management Co. Ltd raised its stake in shares of Vail Resorts by 1,585.7% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 236 shares of the company’s stock worth $31,000 after purchasing an additional 222 shares during the last quarter. 94.90% of the stock is owned by institutional investors and hedge funds.

Vail Resorts News Roundup

Here are the key news stories impacting Vail Resorts this week:

• Positive Sentiment: Vail Resorts announced a quarterly dividend of $2.22 per share, which implies a 6.5% annualized yield and may appeal to income-focused investors. MarketBeat MTN dividend update
• Positive Sentiment: Revenue for the quarter came in slightly above Wall Street estimates at $1.21 billion, and the company said early season pass sales and its advance-commitment pass model continue to support the business. Vail Resorts Q3 results and guidance release
• Neutral Sentiment: The stock is also getting attention as a high-yield, lower-beta leisure name, and analysts were already looking for earnings around the reported level ahead of the release. Analyst expectations ahead of earnings
• Negative Sentiment: Fiscal Q3 EPS of $8.81 missed the $8.97 consensus, and earnings fell from $10.54 a year ago, underscoring softer profitability. Zacks earnings miss coverage
• Negative Sentiment: Management cut its outlook again after weather-related weakness reduced visits and weighed on revenue, increasing investor concern that the demand slowdown could persist. Seeking Alpha forecast cut coverage

Vail Resorts Company Profile

Vail Resorts, Inc is a leading mountain resort company that owns and operates an integrated network of ski areas, hotels, restaurants and retail outlets. The company’s signature Epic Pass program offers skiers and snowboarders season‐long access to its portfolio of resorts, while ancillary services such as ski and snowboard schools, equipment rental and retail drive additional revenue.

Headquartered in Broomfield, Colorado, Vail Resorts was formed in 1997, building on the legacy of Vail Associates, which opened the Vail ski area in 1962.