Vail Resorts, Inc. (NYSE:MTN) Director John F. Sorte sold 6,082 shares of the stock in a transaction on Friday, March 17th. The shares were sold at an average price of $186.98, for a total value of $1,137,212.36. Following the sale, the director now owns 56,362 shares in the company, valued at approximately $10,538,566.76. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.
Vail Resorts, Inc. (NYSE:MTN) opened at 189.84 on Monday. The firm has a 50-day moving average price of $182.37 and a 200 day moving average price of $166.00. Vail Resorts, Inc. has a 12 month low of $124.00 and a 12 month high of $194.05. The company has a market cap of $7.60 billion, a P/E ratio of 40.80 and a beta of 0.47.
Vail Resorts (NYSE:MTN) last released its earnings results on Friday, March 10th. The company reported $3.63 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $3.45 by $0.18. Vail Resorts had a return on equity of 13.81% and a net margin of 9.14%. The firm earned $725.20 million during the quarter, compared to analysts’ expectations of $708.73 million. During the same period in the previous year, the firm posted $3.14 EPS. Vail Resorts’s revenue for the quarter was up 21.0% on a year-over-year basis. Equities research analysts predict that Vail Resorts, Inc. will post $5.35 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, April 13th. Investors of record on Wednesday, March 29th will be paid a dividend of $1.053 per share. This represents a $4.21 annualized dividend and a yield of 2.22%. This is a boost from Vail Resorts’s previous quarterly dividend of $0.81. The ex-dividend date is Monday, March 27th. Vail Resorts’s payout ratio is presently 83.72%.
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A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. William Blair Investment Management LLC boosted its position in Vail Resorts by 115.7% in the fourth quarter. William Blair Investment Management LLC now owns 742,376 shares of the company’s stock valued at $119,753,000 after buying an additional 398,145 shares during the last quarter. Norges Bank bought a new position in Vail Resorts during the fourth quarter valued at approximately $50,522,000. Victory Capital Management Inc. bought a new position in Vail Resorts during the third quarter valued at approximately $32,843,000. JPMorgan Chase & Co. boosted its position in Vail Resorts by 95.6% in the third quarter. JPMorgan Chase & Co. now owns 352,010 shares of the company’s stock valued at $55,224,000 after buying an additional 172,059 shares during the last quarter. Finally, AQR Capital Management LLC boosted its position in Vail Resorts by 276.3% in the fourth quarter. AQR Capital Management LLC now owns 202,182 shares of the company’s stock valued at $32,614,000 after buying an additional 148,460 shares during the last quarter. 93.34% of the stock is owned by hedge funds and other institutional investors.
Several research firms recently weighed in on MTN. Zacks Investment Research upgraded Vail Resorts from a “hold” rating to a “buy” rating and set a $209.00 price target on the stock in a report on Wednesday, March 15th. Wells Fargo & Co upped their price objective on Vail Resorts to $215.00 in a research report on Monday, March 13th. Janney Montgomery Scott reaffirmed a “buy” rating and issued a $188.00 price objective (up previously from $170.00) on shares of Vail Resorts in a research report on Monday, December 12th. Finally, Stifel Nicolaus upped their price objective on Vail Resorts from $181.00 to $205.00 and gave the company a “hold” rating in a research report on Monday, March 13th. One equities research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $191.94.
About Vail Resorts
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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