Insider Buying: Vail Resorts, Inc. (NYSE:MTN) CFO Buys 185 Shares of Stock

Vail Resorts, Inc. (NYSE:MTN) CFO Angela A. Korch purchased 185 shares of the firm’s stock in a transaction dated Thursday, March 13th. The shares were bought at an average cost of $160.00 per share, for a total transaction of $29,600.00. Following the completion of the purchase, the chief financial officer now directly owns 2,956 shares of the company’s stock, valued at $472,960. The trade was a 6.68 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Vail Resorts Price Performance

Shares of MTN stock traded down $2.30 during trading on Thursday, hitting $159.44. The company had a trading volume of 590,031 shares, compared to its average volume of 555,847. The company has a quick ratio of 0.51, a current ratio of 0.63 and a debt-to-equity ratio of 3.64. The stock’s 50-day moving average is $167.95 and its two-hundred day moving average is $175.86. The stock has a market capitalization of $5.97 billion, a price-to-earnings ratio of 26.48, a price-to-earnings-growth ratio of 1.93 and a beta of 1.12. Vail Resorts, Inc. has a 52 week low of $151.99 and a 52 week high of $233.57.

Vail Resorts (NYSE:MTN) last issued its quarterly earnings results on Monday, March 10th. The company reported $6.56 EPS for the quarter, beating analysts’ consensus estimates of $6.29 by $0.27. Vail Resorts had a net margin of 8.07% and a return on equity of 21.90%. The business had revenue of $1.14 billion for the quarter, compared to analysts’ expectations of $1.14 billion. During the same period last year, the business earned $5.76 earnings per share. The business’s quarterly revenue was up 5.5% on a year-over-year basis. As a group, analysts predict that Vail Resorts, Inc. will post 7.62 EPS for the current fiscal year.

Vail Resorts Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders of record on Thursday, March 27th will be given a dividend of $2.22 per share. This represents a $8.88 annualized dividend and a yield of 5.57%. The ex-dividend date of this dividend is Thursday, March 27th. Vail Resorts’s dividend payout ratio is currently 147.51%.

Wall Street Analysts Forecast Growth

MTN has been the subject of several research reports. Morgan Stanley decreased their target price on shares of Vail Resorts from $197.00 to $178.00 and set an “equal weight” rating for the company in a research report on Tuesday. Truist Financial dropped their target price on shares of Vail Resorts from $250.00 to $247.00 and set a “buy” rating on the stock in a report on Tuesday, December 10th. 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 research note on Monday, December 9th. Mizuho decreased their target price on shares of Vail Resorts from $227.00 to $215.00 and set an “outperform” rating on the stock in a research report on Tuesday. Finally, Stifel Nicolaus increased their price target on shares of Vail Resorts from $216.00 to $217.00 and gave the stock a “buy” rating in a research report on Tuesday, December 10th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, Vail Resorts presently has an average rating of “Hold” and a consensus target price of $193.56.

Hedge Funds Weigh In On Vail Resorts

Several large investors have recently modified their holdings of the stock. Norges Bank bought a new stake in Vail Resorts in the 4th quarter worth about $80,669,000. Point72 Asset Management L.P. grew its stake in shares of Vail Resorts by 170.1% during the 4th quarter. Point72 Asset Management L.P. now owns 546,423 shares of the company’s stock valued at $102,427,000 after acquiring an additional 344,095 shares during the period. The Manufacturers Life Insurance Company grew its stake in shares of Vail Resorts by 42.1% during the 4th quarter. The Manufacturers Life Insurance Company now owns 976,468 shares of the company’s stock valued at $183,039,000 after acquiring an additional 289,484 shares during the period. Wealthfront Advisers LLC purchased a new position in Vail Resorts in the 4th quarter worth approximately $42,532,000. Finally, FMR LLC raised its holdings in shares of Vail Resorts by 1,080.8% during the 3rd quarter. FMR LLC now owns 207,809 shares of the company’s stock worth $36,219,000 after acquiring an additional 190,210 shares in the last quarter. Hedge funds and other institutional investors own 94.94% of the company’s stock.

Vail Resorts Company Profile

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.