Vail Resorts (NYSE:MTN) CFO Buys $25,051.50 in Stock

Vail Resorts, Inc. (NYSE:MTN) CFO Angela Korch acquired 190 shares of the company’s stock in a transaction dated Monday, March 16th. The stock was acquired at an average price of $131.85 per share, with a total value of $25,051.50. Following the purchase, the chief financial officer owned 5,539 shares in the company, valued at approximately $730,317.15. This represents a 3.55% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Vail Resorts Price Performance

Shares of Vail Resorts stock traded up $0.76 during trading on Monday, hitting $132.50. 1,139,849 shares of the company’s stock traded hands, compared to its average volume of 892,907. The company has a market cap of $4.74 billion, a PE ratio of 21.62, a PEG ratio of 9.07 and a beta of 0.78. The firm’s fifty day moving average price is $137.64 and its 200 day moving average price 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 debt-to-equity ratio of 4.43, a current ratio of 0.62 and a quick ratio of 0.51.

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

Vail Resorts Announces Dividend

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

Hedge Funds Weigh In On Vail Resorts

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Bamco Inc. NY raised its holdings in shares of Vail Resorts by 4.1% in the third quarter. Bamco Inc. NY now owns 5,702,692 shares of the company’s stock valued at $852,952,000 after buying an additional 227,143 shares during the last quarter. Capital International Investors grew its holdings in Vail Resorts by 1.5% during the 3rd quarter. Capital International Investors now owns 5,002,662 shares of the company’s stock worth $748,248,000 after acquiring an additional 74,528 shares during the last quarter. Capital World Investors increased its position in 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 in the last quarter. Oasis Management Co Ltd. raised its stake in shares of Vail Resorts by 8.3% in the fourth 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. raised its stake in shares of Vail Resorts by 2.5% in the second 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 and hedge funds own 94.90% of the company’s stock.

Analyst Ratings Changes

A number of analysts have weighed in on the company. JPMorgan Chase & Co. lowered their price target on Vail Resorts from $172.00 to $156.00 and set a “neutral” rating on the stock in a research report on Tuesday, March 10th. BNP Paribas Exane reaffirmed an “outperform” rating on shares of Vail Resorts in a report on Tuesday, March 10th. Jefferies Financial Group upgraded shares of Vail Resorts from a “hold” rating to a “buy” rating and increased their target price for the stock from $159.00 to $165.00 in a research report on Tuesday, January 13th. Stifel Nicolaus cut their price target on shares of Vail Resorts from $175.00 to $172.00 and set a “buy” rating for the company in a report on Tuesday, March 10th. Finally, Mizuho reduced their price target on shares of Vail Resorts from $202.00 to $200.00 and set an “outperform” rating on the stock in a research report on Tuesday, March 10th. Five analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $165.00.

About Vail Resorts

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.