Vail Resorts (NYSE:MTN) CFO Angela Korch Acquires 190 Shares

Vail Resorts, Inc. (NYSE:MTN) CFO Angela Korch purchased 190 shares of the stock in a transaction that occurred on Monday, March 16th. The stock was bought at an average cost of $131.85 per share, with a total value of $25,051.50. Following the acquisition, the chief financial officer owned 5,539 shares of the company’s stock, valued at $730,317.15. This represents a 3.55% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website.

Vail Resorts Trading Up 0.6%

NYSE:MTN traded up $0.76 during trading hours on Monday, hitting $132.50. 1,139,849 shares of the stock were exchanged, compared to its average volume of 892,907. The company’s 50 day moving average is $137.64 and its two-hundred day moving average is $144.29. Vail Resorts, Inc. has a twelve month low of $126.15 and a twelve month high of $175.51. The company has a quick ratio of 0.51, a current ratio of 0.62 and a debt-to-equity ratio of 4.43. The company has a market capitalization of $4.74 billion, a P/E ratio of 21.62, a price-to-earnings-growth ratio of 9.07 and a beta of 0.78.

Vail Resorts (NYSE:MTN) last released its earnings results on Monday, March 9th. The company reported $5.87 EPS for the quarter, missing the consensus estimate of $6.06 by ($0.19). The firm had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.11 billion. Vail Resorts had a net margin of 7.89% and a return on equity of 29.72%. The firm’s quarterly revenue was down 4.7% on a year-over-year basis. During the same period last year, the business posted $6.56 earnings per share. On average, sell-side analysts anticipate that Vail Resorts, Inc. will post 7.62 earnings per share for the current fiscal year.

Vail Resorts Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 9th. Investors of record on Thursday, March 26th will be given a $2.22 dividend. This represents a $8.88 dividend on an annualized basis and a yield of 6.7%. The ex-dividend date is Thursday, March 26th. Vail Resorts’s dividend payout ratio (DPR) is presently 144.86%.

Wall Street Analyst Weigh In

A number of research firms have issued reports on MTN. Zacks Research upgraded shares of Vail Resorts from a “strong sell” rating to a “hold” rating in a research report on Thursday, December 11th. Wells Fargo & Company initiated coverage on shares of Vail Resorts in a research report on Wednesday, March 11th. They set an “equal weight” rating and a $135.00 price target for the company. Truist Financial dropped their price target on shares of Vail Resorts from $234.00 to $217.00 and set a “buy” rating for the company in a research note on Tuesday, March 10th. Weiss Ratings lowered shares of Vail Resorts from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, March 10th. Finally, BNP Paribas Exane reaffirmed an “outperform” rating on shares of Vail Resorts in a report on Tuesday, March 10th. Five investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $165.00.

Hedge Funds Weigh In On Vail Resorts

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MTN. Bamco Inc. NY grew its position in shares of Vail Resorts by 4.1% during the 3rd quarter. Bamco Inc. NY now owns 5,702,692 shares of the company’s stock worth $852,952,000 after buying an additional 227,143 shares during the period. Capital International Investors raised its position in shares of Vail Resorts by 1.5% in the 3rd quarter. Capital International Investors now owns 5,002,662 shares of the company’s stock valued at $748,248,000 after acquiring an additional 74,528 shares during the period. Capital World Investors raised its position in shares of Vail Resorts by 6.1% in the 4th quarter. Capital World Investors now owns 3,196,445 shares of the company’s stock valued at $424,488,000 after acquiring an additional 182,982 shares during the period. Oasis Management Co Ltd. boosted its stake in Vail Resorts by 8.3% during the 4th quarter. Oasis Management Co Ltd. now owns 1,851,234 shares of the company’s stock worth $245,844,000 after acquiring an additional 141,500 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in Vail Resorts by 2.5% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 1,320,763 shares of the company’s stock worth $207,531,000 after acquiring an additional 31,852 shares during the last quarter. Institutional investors own 94.90% of the company’s stock.

Vail Resorts Company Profile

Vail Resorts, Inc is a leading mountain resort company that owns and operates an integrated network of ski areas, hotels, restaurants and retail outlets. The company’s signature Epic Pass program offers skiers and snowboarders season‐long access to its portfolio of resorts, while ancillary services such as ski and snowboard schools, equipment rental and retail drive additional revenue.

Headquartered in Broomfield, Colorado, Vail Resorts was formed in 1997, building on the legacy of Vail Associates, which opened the Vail ski area in 1962.