Vail Resorts, Inc. (NYSE:MTN) CFO Acquires $29,600.00 in Stock

Vail Resorts, Inc. (NYSE:MTN) CFO Angela A. Korch purchased 185 shares of the 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 owns 2,956 shares in the company, valued at approximately $472,960. This trade represents a 6.68 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Vail Resorts Stock Down 1.4 %

Shares of NYSE:MTN opened at $159.44 on Friday. The company 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. The company has a 50 day moving average of $167.95 and a two-hundred day moving average of $175.86. Vail Resorts, Inc. has a 52-week low of $151.99 and a 52-week high of $233.57. The company has a quick ratio of 0.51, a current ratio of 0.63 and a debt-to-equity ratio of 3.64.

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

Vail Resorts Dividend Announcement

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

Wall Street Analyst Weigh In

MTN has been the subject of a number of research reports. Mizuho reduced their price target on shares of Vail Resorts from $227.00 to $215.00 and set an “outperform” rating for the company in a research report on Tuesday. Truist Financial cut their target price on shares of Vail Resorts from $250.00 to $247.00 and set a “buy” rating for the company in a research report on Tuesday, December 10th. Deutsche Bank Aktiengesellschaft lifted their price objective on Vail Resorts from $185.00 to $196.00 and gave the stock a “hold” rating in a research report on Monday, December 9th. Stifel Nicolaus raised their price target on shares of Vail Resorts from $216.00 to $217.00 and gave the stock a “buy” rating in a research note on Tuesday, December 10th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Vail Resorts from $166.00 to $167.00 and gave the stock an “underweight” rating in a research note on Tuesday. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $193.56.

Hedge Funds Weigh In On Vail Resorts

A number of hedge funds have recently added to or reduced their stakes in the business. Azzad Asset Management Inc. ADV raised its position in shares of Vail Resorts by 11.3% during the 4th quarter. Azzad Asset Management Inc. ADV now owns 11,436 shares of the company’s stock worth $2,144,000 after purchasing an additional 1,164 shares during the period. Heck Capital Advisors LLC bought a new position in Vail Resorts in the 4th quarter worth about $33,000. Integrated Advisors Network LLC acquired a new stake in shares of Vail Resorts in the fourth quarter valued at approximately $3,637,000. Parr Mcknight Wealth Management Group LLC acquired a new stake in Vail Resorts in the fourth quarter worth about $1,015,000. Finally, Vise Technologies Inc. bought a new position in Vail Resorts in the 4th quarter valued at about $201,000. Institutional investors and hedge funds 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.