Angela A. Korch Acquires 165 Shares of Vail Resorts, Inc. (NYSE:MTN) Stock

Vail Resorts, Inc. (NYSE:MTN) CFO Angela A. Korch bought 165 shares of the business’s stock in a transaction that occurred on Thursday, October 3rd. The shares were acquired at an average price of $173.09 per share, for a total transaction of $28,559.85. Following the transaction, the chief financial officer now owns 2,187 shares in the company, valued at $378,547.83. This represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website.

Vail Resorts Stock Performance

Vail Resorts stock opened at $173.22 on Friday. The firm’s 50 day simple moving average is $178.83 and its 200 day simple moving average is $190.29. The company has a current ratio of 0.82, a quick ratio of 0.71 and a debt-to-equity ratio of 2.62. Vail Resorts, Inc. has a 1-year low of $165.14 and a 1-year high of $236.92. The firm has a market capitalization of $6.52 billion, a PE ratio of 23.57, a price-to-earnings-growth ratio of 1.63 and a beta of 1.13.

Vail Resorts (NYSE:MTN) last issued its quarterly earnings results on Thursday, September 26th. The company reported ($4.67) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($4.28) by ($0.39). Vail Resorts had a net margin of 7.99% and a return on equity of 20.76%. The business had revenue of $265.39 million for the quarter, compared to the consensus estimate of $264.84 million. During the same quarter last year, the business posted ($3.35) EPS. The business’s revenue was down 1.6% compared to the same quarter last year. As a group, analysts expect that Vail Resorts, Inc. will post 7.52 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, October 24th. Stockholders of record on Tuesday, October 8th will be issued a $2.22 dividend. This represents a $8.88 dividend on an annualized basis and a dividend yield of 5.13%. The ex-dividend date is Tuesday, October 8th. Vail Resorts’s payout ratio is currently 120.82%.

Institutional Trading of Vail Resorts

Several hedge funds and other institutional investors have recently bought and sold shares of MTN. Signaturefd LLC boosted its stake in shares of Vail Resorts by 150.9% in the 2nd quarter. Signaturefd LLC now owns 138 shares of the company’s stock valued at $25,000 after purchasing an additional 83 shares in the last quarter. Quarry LP purchased a new stake in Vail Resorts during the 4th quarter valued at $35,000. Brown Brothers Harriman & Co. raised its holdings in Vail Resorts by 318.8% in the 2nd quarter. Brown Brothers Harriman & Co. now owns 201 shares of the company’s stock worth $36,000 after purchasing an additional 153 shares in the last quarter. Canton Hathaway LLC raised its holdings in Vail Resorts by 66.7% in the 2nd quarter. Canton Hathaway LLC now owns 250 shares of the company’s stock worth $45,000 after purchasing an additional 100 shares in the last quarter. Finally, Triad Wealth Partners LLC bought a new position in Vail Resorts in the 2nd quarter worth $51,000. Hedge funds and other institutional investors own 94.94% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on MTN shares. StockNews.com lowered shares of Vail Resorts from a “hold” rating to a “sell” rating in a research note on Friday, September 27th. Barclays reduced their price objective on Vail Resorts from $161.00 to $155.00 and set an “underweight” rating for the company in a research note on Friday, September 27th. Morgan Stanley lifted their price target on Vail Resorts from $179.00 to $182.00 and gave the stock an “equal weight” rating in a report on Wednesday, September 25th. Deutsche Bank Aktiengesellschaft dropped their price target on Vail Resorts from $218.00 to $194.00 and set a “hold” rating on the stock in a report on Monday, September 16th. Finally, Macquarie restated a “neutral” rating and issued a $180.00 target price on shares of Vail Resorts in a research note on Wednesday. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $208.22.

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.