Vail Resorts (NYSE:MTN) Given New $217.00 Price Target at Stifel Nicolaus

Vail Resorts (NYSE:MTN) had its price target increased by Stifel Nicolaus from $216.00 to $217.00 in a research note published on Tuesday,Benzinga reports. The brokerage currently has a buy rating on the stock.

Other equities research analysts have also issued reports about the stock. 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 report on Tuesday. Deutsche Bank Aktiengesellschaft upped their price target on shares of Vail Resorts from $185.00 to $196.00 and gave the company a “hold” rating in a report on Monday. Morgan Stanley upped their price target on shares of Vail Resorts from $182.00 to $197.00 and gave the company an “equal weight” rating in a report on Tuesday. StockNews.com upgraded shares of Vail Resorts from a “sell” rating to a “hold” rating in a report on Monday, December 2nd. Finally, UBS Group began coverage on shares of Vail Resorts in a report on Thursday, November 14th. They issued a “neutral” rating and a $185.00 price objective for the company. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $204.00.

Vail Resorts Price Performance

Shares of Vail Resorts stock opened at $195.44 on Tuesday. The company has a fifty day moving average of $176.27 and a 200-day moving average of $178.67. Vail Resorts has a 52-week low of $165.00 and a 52-week high of $236.92. The company has a debt-to-equity ratio of 2.62, a quick ratio of 0.71 and a current ratio of 0.82. The stock has a market capitalization of $7.33 billion, a price-to-earnings ratio of 32.41, a price-to-earnings-growth ratio of 1.97 and a beta of 1.14.

Vail Resorts (NYSE:MTN) last posted its quarterly earnings results on Monday, December 9th. The company reported ($4.61) EPS for the quarter, beating analysts’ consensus estimates of ($4.99) by $0.38. Vail Resorts had a net margin of 7.99% and a return on equity of 20.76%. The company had revenue of $260.28 million during the quarter, compared to analyst estimates of $251.45 million. During the same period in the prior year, the business posted ($4.60) EPS. The firm’s revenue was up .7% compared to the same quarter last year. Equities research analysts expect that Vail Resorts will post 7.23 EPS for the current year.

Vail Resorts Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 9th. Investors of record on Thursday, December 26th will be paid a $2.22 dividend. The ex-dividend date is Thursday, December 26th. This represents a $8.88 annualized dividend and a dividend yield of 4.54%. Vail Resorts’s payout ratio is 147.26%.

Insider Buying and Selling

In related news, insider Robert A. Katz sold 9,296 shares of the stock in a transaction dated Wednesday, October 2nd. The shares were sold at an average price of $175.98, for a total value of $1,635,910.08. Following the completion of the transaction, the insider now directly owns 245,961 shares in the company, valued at $43,284,216.78. This trade represents a 3.64 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Angela A. Korch purchased 165 shares of the firm’s stock in a transaction that occurred on Thursday, October 3rd. The stock was acquired at an average price of $173.09 per share, with a total value of $28,559.85. Following the completion of the purchase, the chief financial officer now owns 2,187 shares in the company, valued at $378,547.83. This represents a 8.16 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 1.20% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. Wealth Enhancement Advisory Services LLC purchased a new stake in Vail Resorts during the 2nd quarter valued at about $257,000. GPS Wealth Strategies Group LLC grew its position in Vail Resorts by 37.2% during the 2nd quarter. GPS Wealth Strategies Group LLC now owns 479 shares of the company’s stock valued at $86,000 after purchasing an additional 130 shares during the last quarter. Envestnet Portfolio Solutions Inc. grew its position in Vail Resorts by 25.6% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 7,988 shares of the company’s stock valued at $1,439,000 after purchasing an additional 1,626 shares during the last quarter. Assenagon Asset Management S.A. grew its position in Vail Resorts by 620.0% during the 2nd quarter. Assenagon Asset Management S.A. now owns 16,610 shares of the company’s stock valued at $2,992,000 after purchasing an additional 14,303 shares during the last quarter. Finally, Triad Wealth Partners LLC purchased a new stake in Vail Resorts during the 2nd quarter valued at about $51,000. 94.94% of the stock is currently owned by institutional investors.

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.