Vail Resorts, Inc. (NYSE:MTN) Director John F. Sorte sold 6,082 shares of the company’s stock in a transaction on Friday, March 17th. The stock was sold at an average price of $186.98, for a total value of $1,137,212.36. Following the transaction, the director now directly owns 56,362 shares in the company, valued at approximately $10,538,566.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
Vail Resorts, Inc. (NYSE:MTN) traded down 0.04% during mid-day trading on Monday, reaching $188.93. The company’s stock had a trading volume of 270,031 shares. The firm has a market capitalization of $7.57 billion, a P/E ratio of 40.60 and a beta of 0.47. The firm’s 50 day moving average price is $180.07 and its 200 day moving average price is $165.04. Vail Resorts, Inc. has a 52 week low of $124.00 and a 52 week high of $194.05.
Vail Resorts (NYSE:MTN) last announced its quarterly earnings results on Friday, March 10th. The company reported $3.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.37 by $0.26. The business had revenue of $725.20 million for the quarter, compared to the consensus estimate of $708.73 million. Vail Resorts had a return on equity of 13.81% and a net margin of 9.14%. The business’s revenue was up 21.0% on a year-over-year basis. During the same quarter last year, the business posted $3.14 EPS. On average, analysts anticipate that Vail Resorts, Inc. will post $5.35 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, April 13th. Investors of record on Wednesday, March 29th will be issued a $1.053 dividend. This is an increase from Vail Resorts’s previous quarterly dividend of $0.81. The ex-dividend date of this dividend is Monday, March 27th. This represents a $4.21 annualized dividend and a dividend yield of 2.23%. Vail Resorts’s dividend payout ratio (DPR) is 83.72%.
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A number of research analysts recently weighed in on MTN shares. MKM Partners reaffirmed a “buy” rating and set a $187.00 price objective on shares of Vail Resorts in a report on Friday, December 23rd. Janney Montgomery Scott upped their price objective on Vail Resorts from $195.00 to $220.00 and gave the stock a “buy” rating in a report on Monday, March 13th. Zacks Investment Research raised Vail Resorts from a “sell” rating to a “hold” rating in a report on Saturday, February 25th. Wells Fargo & Co reaffirmed an “outperform” rating and set a $207.50 price objective (up previously from $192.50) on shares of Vail Resorts in a report on Tuesday, March 14th. Finally, Stifel Nicolaus upped their price objective on Vail Resorts from $181.00 to $205.00 and gave the stock a “hold” rating in a report on Monday, March 13th. One equities research analyst has rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Vail Resorts has an average rating of “Buy” and an average price target of $186.83.
Several hedge funds have recently made changes to their positions in the company. Capital Fund Management S.A. increased its stake in shares of Vail Resorts by 371.8% in the third quarter. Capital Fund Management S.A. now owns 58,497 shares of the company’s stock valued at $9,177,000 after buying an additional 46,097 shares during the period. World Asset Management Inc bought a new stake in shares of Vail Resorts during the third quarter valued at about $225,000. Chicago Equity Partners LLC bought a new stake in shares of Vail Resorts during the third quarter valued at about $562,000. American Assets Capital Advisers bought a new stake in shares of Vail Resorts during the third quarter valued at about $204,000. Finally, Rice Hall James & Associates LLC increased its stake in shares of Vail Resorts by 12.1% in the third quarter. Rice Hall James & Associates LLC now owns 76,733 shares of the company’s stock valued at $12,038,000 after buying an additional 8,263 shares during the period. 93.34% of the stock is currently owned by institutional investors and hedge funds.
Vail Resorts Company Profile
Vail Resorts, Inc is a holding company. The Company operates through three segments: Mountain, Lodging and Real Estate. Its Mountain segment operates over 10 mountain resort properties and approximately three urban ski areas, as well as ancillary services, primarily including, ski school, dining, and retail/rental operations.
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