Bank of America Corporation Raises Vail Resorts, Inc. (MTN) Price Target to $250.00

Vail Resorts, Inc. (NYSE:MTN) had its price objective hoisted by Bank of America Corporation from $245.00 to $250.00 in a research note published on Friday morning. The brokerage currently has a buy rating on the stock.

Other equities analysts have also recently issued reports about the stock. KeyCorp reiterated an overweight rating and issued a $250.00 target price on shares of Vail Resorts in a research note on Wednesday, August 30th. Stifel Nicolaus reiterated a buy rating and issued a $232.00 target price (up from $229.00) on shares of Vail Resorts in a research note on Monday, October 2nd. MKM Partners reiterated a buy rating and issued a $266.00 target price (up from $264.00) on shares of Vail Resorts in a research note on Monday, October 2nd. Zacks Investment Research upgraded shares of Vail Resorts from a sell rating to a hold rating in a research note on Friday, September 29th. Finally, Janney Montgomery Scott reiterated a buy rating and issued a $260.00 target price (up from $245.00) on shares of Vail Resorts in a research note on Friday, September 29th. Eight research analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. Vail Resorts presently has a consensus rating of Buy and an average price target of $250.25.

Shares of Vail Resorts (MTN) opened at $232.04 on Friday. The company has a market cap of $9,286.01, a price-to-earnings ratio of 43.45 and a beta of 0.48. The company has a quick ratio of 0.58, a current ratio of 0.72 and a debt-to-equity ratio of 0.69. Vail Resorts has a twelve month low of $153.66 and a twelve month high of $237.77.

Vail Resorts (NYSE:MTN) last posted its earnings results on Thursday, September 28th. The company reported ($1.43) earnings per share (EPS) for the quarter, beating the consensus estimate of ($1.81) by $0.38. Vail Resorts had a net margin of 11.04% and a return on equity of 13.46%. The firm had revenue of $209.10 million during the quarter, compared to analysts’ expectations of $210.92 million. During the same period in the previous year, the business posted ($1.80) EPS. The business’s revenue was up 16.2% compared to the same quarter last year. sell-side analysts predict that Vail Resorts will post 6.2 earnings per share for the current fiscal year.

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The business also recently disclosed a quarterly dividend, which was paid on Friday, October 27th. Shareholders of record on Tuesday, October 10th were given a dividend of $1.053 per share. This represents a $4.21 dividend on an annualized basis and a yield of 1.82%. The ex-dividend date was Friday, October 6th. Vail Resorts’s dividend payout ratio is presently 85.92%.

In other news, insider Patricia A. Campbell sold 5,515 shares of the company’s stock in a transaction on Thursday, October 19th. The shares were sold at an average price of $222.41, for a total transaction of $1,226,591.15. Following the completion of the sale, the insider now owns 28,736 shares of the company’s stock, valued at $6,391,173.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Chairman Robert A. Katz sold 55,976 shares of the company’s stock in a transaction on Wednesday, October 4th. The stock was sold at an average price of $220.34, for a total transaction of $12,333,751.84. Following the sale, the chairman now directly owns 496,166 shares of the company’s stock, valued at approximately $109,325,216.44. The disclosure for this sale can be found here. Insiders have sold 236,742 shares of company stock valued at $51,804,735 in the last ninety days. Insiders own 3.30% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. grew its holdings in shares of Vail Resorts by 17.0% in the second quarter. BlackRock Inc. now owns 2,068,244 shares of the company’s stock valued at $419,502,000 after purchasing an additional 300,793 shares during the period. Los Angeles Capital Management & Equity Research Inc. grew its holdings in shares of Vail Resorts by 15,556.3% in the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 255,197 shares of the company’s stock valued at $51,762,000 after purchasing an additional 253,567 shares during the period. State Street Corp grew its holdings in shares of Vail Resorts by 40.2% in the second quarter. State Street Corp now owns 718,192 shares of the company’s stock valued at $145,687,000 after purchasing an additional 206,079 shares during the period. 1060 Capital LLC purchased a new stake in shares of Vail Resorts in the second quarter valued at about $30,547,000. Finally, Sumitomo Mitsui Trust Holdings Inc. purchased a new stake in shares of Vail Resorts in the second quarter valued at about $22,656,000. 96.16% of the stock is owned by institutional investors and hedge funds.

Vail Resorts Company Profile

Vail Resorts, Inc is a holding company. The Company operates through three segments: Mountain, Lodging and Real Estate. Its Mountain segment operates over 10 mountain resort properties and approximately three urban ski areas, as well as ancillary services, primarily including, ski school, dining, and retail/rental operations.

Analyst Recommendations for Vail Resorts (NYSE:MTN)

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