Vail Resorts, Inc. (NYSE:MTN – Get Rating) announced a quarterly dividend on Wednesday, September 28th, Wall Street Journal reports. Stockholders of record on Wednesday, October 5th will be given a dividend of 1.91 per share on Monday, October 24th. This represents a $7.64 dividend on an annualized basis and a dividend yield of 3.54%. The ex-dividend date is Tuesday, October 4th.

Vail Resorts has decreased its dividend payment by an average of 33.1% per year over the last three years and has raised its dividend every year for the last 1 years. Vail Resorts has a dividend payout ratio of 86.2% meaning its dividend is currently covered by earnings, but may not be in the future if the company's earnings tumble. Equities research analysts expect Vail Resorts to earn $9.88 per share next year, which means the company should continue to be able to cover its $7.64 annual dividend with an expected future payout ratio of 77.3%.

Vail Resorts Price Performance

Vail Resorts stock opened at $215.64 on Monday. The company's 50 day simple moving average is $229.60 and its 200-day simple moving average is $238.02. The company has a market capitalization of $8.68 billion, a price-to-earnings ratio of 25.40, a price-to-earnings-growth ratio of 5.02 and a beta of 1.16. Vail Resorts has a 1 year low of $201.91 and a 1 year high of $376.24. The company has a debt-to-equity ratio of 1.45, a quick ratio of 1.51 and a current ratio of 1.61.

Analyst Ratings Changes

MTN has been the topic of several recent research reports. Stifel Nicolaus cut their target price on shares of Vail Resorts from $273.00 to $228.00 and set a "hold" rating on the stock in a research note on Monday, September 26th. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Vail Resorts from $286.00 to $283.00 in a report on Thursday. KeyCorp set a $300.00 price target on shares of Vail Resorts in a report on Tuesday, July 19th. Truist Financial lowered their price target on shares of Vail Resorts from $281.00 to $270.00 in a report on Thursday. Finally, Credit Suisse Group lowered their price target on shares of Vail Resorts from $383.00 to $380.00 and set an "outperform" rating for the company in a report on Thursday. One analyst has rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $285.57.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Prudential PLC acquired a new position in shares of Vail Resorts in the 1st quarter valued at $400,000. Meiji Yasuda Life Insurance Co boosted its holdings in shares of Vail Resorts by 89.9% in the 1st quarter. Meiji Yasuda Life Insurance Co now owns 1,534 shares of the company's stock valued at $399,000 after buying an additional 726 shares in the last quarter. Pearl River Capital LLC acquired a new position in shares of Vail Resorts in the 1st quarter valued at $394,000. Atria Wealth Solutions Inc. acquired a new position in shares of Vail Resorts in the 1st quarter valued at $368,000. Finally, Worth Venture Partners LLC boosted its holdings in shares of Vail Resorts by 56.4% in the 1st quarter. Worth Venture Partners LLC now owns 1,345 shares of the company's stock valued at $350,000 after buying an additional 485 shares in the last quarter. Institutional investors and hedge funds own 93.13% of the company's stock.

Vail Resorts Company Profile

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Vail Resorts, Inc, through its subsidiaries, operates mountain resorts and urban ski areas in the United States. It operates through three segments: Mountain, Lodging, and Real Estate. The Mountain segment operates 37 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.

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