Vail Resorts (NYSE:MTN) Reaches New 1-Year Low – Time to Sell?

Vail Resorts, Inc. (NYSE:MTN) hit a new 52-week low during mid-day trading on Friday . The stock traded as low as $129.41 and last traded at $131.75, with a volume of 185024 shares. The stock had previously closed at $132.80.

Analyst Ratings Changes

Several equities research analysts recently weighed in on MTN shares. JPMorgan Chase & Co. upped their price objective on shares of Vail Resorts from $168.00 to $172.00 and gave the stock a “neutral” rating in a report on Thursday, December 11th. Barclays reduced their price target on shares of Vail Resorts from $152.00 to $145.00 and set an “underweight” rating for the company in a research note on Tuesday, September 30th. Zacks Research upgraded shares of Vail Resorts from a “strong sell” rating to a “hold” rating in a report on Thursday, December 11th. Weiss Ratings reissued a “hold (c-)” rating on shares of Vail Resorts in a report on Monday. Finally, Morgan Stanley cut their target price on Vail Resorts from $153.00 to $151.00 and set an “equal weight” rating for the company in a research report on Tuesday, December 23rd. Three equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $176.00.

Vail Resorts Price Performance

The stock has a 50 day moving average of $144.90 and a two-hundred day moving average of $151.52. The stock has a market cap of $4.74 billion, a PE ratio of 19.39, a PEG ratio of 10.29 and a beta of 0.81. The company has a debt-to-equity ratio of 5.52, a quick ratio of 0.46 and a current ratio of 0.54.

Vail Resorts (NYSE:MTN) last posted its quarterly earnings data on Wednesday, December 10th. The company reported ($5.20) EPS for the quarter, beating analysts’ consensus estimates of ($5.23) by $0.03. The company had revenue of $271.03 million during the quarter, compared to analyst estimates of $273.35 million. Vail Resorts had a net margin of 8.94% and a return on equity of 32.51%. The business’s quarterly revenue was up 4.1% on a year-over-year basis. During the same period in the prior year, the firm earned ($4.61) earnings per share. Equities analysts anticipate that Vail Resorts, Inc. will post 7.62 EPS for the current year.

Vail Resorts Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 12th. Shareholders of record on Tuesday, December 30th will be given a dividend of $2.22 per share. This represents a $8.88 annualized dividend and a yield of 6.7%. The ex-dividend date is Tuesday, December 30th. Vail Resorts’s payout ratio is presently 130.21%.

Insider Transactions at Vail Resorts

In other Vail Resorts news, CFO Angela A. Korch bought 210 shares of Vail Resorts stock in a transaction dated Tuesday, October 7th. The stock was bought at an average price of $155.00 per share, for a total transaction of $32,550.00. Following the completion of the acquisition, the chief financial officer directly owned 4,905 shares of the company’s stock, valued at approximately $760,275. This trade represents a 4.47% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.20% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Comerica Bank lifted its stake in Vail Resorts by 0.4% in the 3rd quarter. Comerica Bank now owns 17,552 shares of the company’s stock worth $2,625,000 after acquiring an additional 78 shares in the last quarter. Argonautica Private Wealth Management Inc. increased its holdings in shares of Vail Resorts by 4.9% in the 2nd quarter. Argonautica Private Wealth Management Inc. now owns 1,719 shares of the company’s stock valued at $270,000 after purchasing an additional 81 shares during the period. Xponance Inc. lifted its position in shares of Vail Resorts by 1.2% in the third quarter. Xponance Inc. now owns 6,903 shares of the company’s stock worth $1,032,000 after purchasing an additional 82 shares in the last quarter. Mitchell & Pahl Private Wealth LLC lifted its position in shares of Vail Resorts by 2.4% in the third quarter. Mitchell & Pahl Private Wealth LLC now owns 3,722 shares of the company’s stock worth $557,000 after purchasing an additional 87 shares in the last quarter. Finally, Provident Investment Management Inc. boosted its holdings in shares of Vail Resorts by 1.6% during the third quarter. Provident Investment Management Inc. now owns 5,821 shares of the company’s stock worth $871,000 after purchasing an additional 90 shares during the period. 94.90% of the stock is owned by institutional investors and hedge funds.

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.