Vail Resorts’ (NYSE:MTN) Outperform Rating Reaffirmed at William Blair

Vail Resorts (NYSE:MTN)‘s stock had its “outperform” rating reissued by equities research analysts at William Blair in a report issued on Friday, June 7th, Zacks.com reports.

Other analysts also recently issued reports about the company. KeyCorp upped their price objective on Vail Resorts from $210.00 to $225.00 and gave the stock an “overweight” rating in a report on Wednesday, March 6th. Zacks Investment Research upgraded Vail Resorts from a “sell” rating to a “hold” rating in a report on Wednesday, March 13th. Jefferies Financial Group initiated coverage on shares of Vail Resorts in a research report on Monday, April 22nd. They issued a “hold” rating and a $233.00 price objective for the company. Stifel Nicolaus increased their price target on shares of Vail Resorts from $215.00 to $219.00 and gave the stock a “hold” rating in a research report on Monday, March 11th. Finally, SunTrust Banks initiated coverage on shares of Vail Resorts in a research report on Friday, April 26th. They set a “buy” rating and a $242.00 price target on the stock. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and six have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $238.08.

MTN traded down $0.52 during trading on Friday, reaching $222.66. The company’s stock had a trading volume of 422,661 shares, compared to its average volume of 425,572. The firm has a fifty day moving average of $224.18. The company has a market capitalization of $8.97 billion, a P/E ratio of 35.40, a price-to-earnings-growth ratio of 2.13 and a beta of 0.67. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.76 and a quick ratio of 0.62. Vail Resorts has a 52-week low of $179.60 and a 52-week high of $302.76.

Vail Resorts (NYSE:MTN) last posted its earnings results on Thursday, June 6th. The company reported $7.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $7.03 by $0.09. The firm had revenue of $958.00 million for the quarter, compared to analyst estimates of $958.39 million. Vail Resorts had a return on equity of 18.25% and a net margin of 13.71%. Vail Resorts’s revenue was up 13.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $6.17 EPS. As a group, research analysts anticipate that Vail Resorts will post 6.99 EPS for the current year.

In related news, insider Patricia A. Campbell sold 6,431 shares of the firm’s stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of $235.53, for a total transaction of $1,514,693.43. Following the completion of the sale, the insider now directly owns 33,729 shares in the company, valued at $7,944,191.37. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Chairman Robert A. Katz sold 64,913 shares of the firm’s stock in a transaction that occurred on Tuesday, June 11th. The stock was sold at an average price of $231.95, for a total transaction of $15,056,570.35. Following the sale, the chairman now owns 425,729 shares of the company’s stock, valued at $98,747,841.55. The disclosure for this sale can be found here. 2.90% of the stock is owned by company insiders.

Institutional investors have recently added to or reduced their stakes in the company. Principal Financial Group Inc. raised its holdings in Vail Resorts by 51.3% in the 1st quarter. Principal Financial Group Inc. now owns 1,563,580 shares of the company’s stock worth $339,766,000 after acquiring an additional 530,235 shares during the period. Norges Bank acquired a new stake in Vail Resorts in the 4th quarter worth $72,303,000. Westfield Capital Management Co. LP grew its position in Vail Resorts by 177.1% in the 4th quarter. Westfield Capital Management Co. LP now owns 388,804 shares of the company’s stock worth $81,968,000 after purchasing an additional 248,474 shares during the last quarter. Clearbridge Investments LLC acquired a new stake in shares of Vail Resorts during the 1st quarter valued at about $48,145,000. Finally, Wells Fargo & Company MN boosted its position in shares of Vail Resorts by 26.9% during the 1st quarter. Wells Fargo & Company MN now owns 875,639 shares of the company’s stock valued at $190,276,000 after acquiring an additional 185,758 shares in the last quarter. Institutional investors and hedge funds own 97.74% of the company’s stock.

About Vail Resorts

Vail Resorts, Inc, through its subsidiaries, operates mountain resorts and urban ski areas in the United States. The company operates through three segments: Mountain, Lodging, and Real Estate. The Mountain segment operates 11 mountain resorts, including Vail Mountain, Breckenridge Ski, Keystone, and Beaver Creek resorts in Colorado; Park City resort in Utah; Heavenly Mountain, Northstar, and Kirkwood Mountain resorts in the Lake Tahoe area of California and Nevada; Whistler Blackcomb in Canada; Stowe Mountain resort in Vermont; and Perisher in Australia, as well as 3 urban ski areas, such as Wilmot Mountain in Wisconsin, Afton Alps in Minnesota, and Mount Brighton in Michigan.

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Analyst Recommendations for Vail Resorts (NYSE:MTN)

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