Insider Buying: Vail Resorts, Inc. (NYSE:MTN) CFO Buys 200 Shares of Stock

Vail Resorts, Inc. (NYSE:MTN) CFO Angela A. Korch purchased 200 shares of the stock in a transaction dated Friday, June 20th. The shares were bought at an average price of $157.00 per share, with a total value of $31,400.00. Following the completion of the acquisition, the chief financial officer now directly owns 3,156 shares of the company’s stock, valued at approximately $495,492. This represents a 6.77% increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Vail Resorts Price Performance

Shares of MTN traded up $1.96 during mid-day trading on Monday, reaching $158.57. 1,122,857 shares of the stock traded hands, compared to its average volume of 592,199. The firm has a fifty day moving average price of $147.87 and a 200 day moving average price of $161.41. The company has a market cap of $5.89 billion, a price-to-earnings ratio of 20.28, a price-to-earnings-growth ratio of 1.94 and a beta of 0.91. The company has a current ratio of 0.61, a quick ratio of 0.54 and a debt-to-equity ratio of 1.70. Vail Resorts, Inc. has a 1 year low of $129.85 and a 1 year high of $199.45.

Vail Resorts (NYSE:MTN) last posted its quarterly earnings data on Thursday, June 5th. The company reported $10.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $10.00 by $0.54. Vail Resorts had a net margin of 9.81% and a return on equity of 30.25%. The company had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.31 billion. During the same period in the previous year, the firm posted $9.54 EPS. The firm’s revenue was up 1.0% compared to the same quarter last year. As a group, equities research analysts predict that Vail Resorts, Inc. will post 7.62 earnings per share for the current year.

Vail Resorts Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 9th. Shareholders of record on Tuesday, June 24th will be paid a $2.22 dividend. This represents a $8.88 annualized dividend and a yield of 5.60%. The ex-dividend date of this dividend is Tuesday, June 24th. Vail Resorts’s dividend payout ratio is presently 113.55%.

Institutional Trading of Vail Resorts

Several hedge funds have recently added to or reduced their stakes in MTN. Heck Capital Advisors LLC purchased a new position in shares of Vail Resorts in the fourth quarter valued at about $33,000. SouthState Corp purchased a new position in shares of Vail Resorts in the first quarter valued at about $29,000. Golden State Wealth Management LLC increased its position in shares of Vail Resorts by 102.5% in the first quarter. Golden State Wealth Management LLC now owns 243 shares of the company’s stock valued at $39,000 after acquiring an additional 123 shares during the period. Alpine Bank Wealth Management purchased a new position in shares of Vail Resorts in the first quarter valued at about $40,000. Finally, GAMMA Investing LLC increased its position in shares of Vail Resorts by 75.3% in the first quarter. GAMMA Investing LLC now owns 270 shares of the company’s stock valued at $43,000 after acquiring an additional 116 shares during the period. 94.94% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on MTN shares. Truist Financial lowered their price target on shares of Vail Resorts from $247.00 to $244.00 and set a “buy” rating for the company in a report on Friday, June 6th. Bank of America increased their price objective on Vail Resorts from $160.00 to $175.00 and gave the company a “neutral” rating in a report on Wednesday, May 28th. Barclays restated an “underweight” rating and issued a $152.00 price objective (down from $165.00) on shares of Vail Resorts in a report on Monday, March 10th. Mizuho increased their price objective on Vail Resorts from $215.00 to $216.00 and gave the company an “outperform” rating in a report on Friday, June 6th. Finally, UBS Group decreased their price objective on Vail Resorts from $185.00 to $169.00 and set a “neutral” rating for the company in a report on Wednesday, June 11th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, Vail Resorts currently has an average rating of “Hold” and an average target price of $187.20.

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.