Vail Resorts, Inc. (NYSE:MTN) Chairman Robert A. Katz sold 55,976 shares of Vail Resorts stock in a transaction dated Wednesday, October 4th. The stock was sold at an average price of $220.34, for a total value of $12,333,751.84. Following the sale, the chairman now directly owns 496,166 shares of the company’s stock, valued at approximately $109,325,216.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Vail Resorts, Inc. (NYSE MTN) opened at 216.42 on Tuesday. The stock has a 50 day moving average price of $224.51 and a 200 day moving average price of $209.77. Vail Resorts, Inc. has a 52 week low of $152.99 and a 52 week high of $232.71. The firm has a market cap of $8.67 billion, a price-to-earnings ratio of 41.46 and a beta of 0.50.
Vail Resorts (NYSE:MTN) last announced its quarterly earnings data on Thursday, September 28th. The company reported ($1.43) EPS for the quarter, beating the Zacks’ consensus estimate of ($1.81) by $0.38. The business had revenue of $209.10 million during the quarter, compared to the consensus estimate of $210.92 million. Vail Resorts had a return on equity of 13.46% and a net margin of 11.04%. The business’s revenue for the quarter was up 16.2% on a year-over-year basis. During the same quarter in the previous year, the business earned ($1.80) earnings per share. Equities research analysts expect that Vail Resorts, Inc. will post $6.25 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 27th. Stockholders of record on Tuesday, October 10th will be given a $1.053 dividend. This represents a $4.21 dividend on an annualized basis and a dividend yield of 1.95%. The ex-dividend date is Friday, October 6th. Vail Resorts’s dividend payout ratio is currently 85.92%.
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Several large investors have recently made changes to their positions in the company. Vanguard Group Inc. grew its position in shares of Vail Resorts by 2.5% in the second quarter. Vanguard Group Inc. now owns 3,126,244 shares of the company’s stock valued at $634,095,000 after purchasing an additional 76,961 shares during the period. BlackRock Inc. grew its position in shares of Vail Resorts by 17.0% in the second quarter. BlackRock Inc. now owns 2,068,244 shares of the company’s stock valued at $419,502,000 after purchasing an additional 300,793 shares during the period. State Street Corp grew its position in shares of Vail Resorts by 40.2% in the second quarter. State Street Corp now owns 718,192 shares of the company’s stock valued at $145,687,000 after purchasing an additional 206,079 shares during the period. Voya Investment Management LLC grew its position in shares of Vail Resorts by 13.3% in the second quarter. Voya Investment Management LLC now owns 510,171 shares of the company’s stock valued at $103,478,000 after purchasing an additional 59,849 shares during the period. Finally, Valinor Management L.P. purchased a new stake in shares of Vail Resorts in the first quarter valued at $64,748,000. 96.40% of the stock is owned by institutional investors and hedge funds.
A number of research firms have recently commented on MTN. Stifel Nicolaus restated a “buy” rating and issued a $232.00 price objective (up from $229.00) on shares of Vail Resorts in a research report on Monday, October 2nd. MKM Partners reiterated a “buy” rating and set a $266.00 price target (up from $264.00) on shares of Vail Resorts in a research report on Monday, October 2nd. Zacks Investment Research upgraded Vail Resorts from a “sell” rating to a “hold” rating in a research report on Friday, September 29th. Janney Montgomery Scott reiterated a “buy” rating and set a $260.00 price target (up from $245.00) on shares of Vail Resorts in a research report on Friday, September 29th. Finally, Barclays PLC boosted their price target on Vail Resorts from $226.00 to $247.00 and gave the stock an “overweight” rating in a research report on Friday, September 29th. One equities research analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. Vail Resorts currently has a consensus rating of “Buy” and an average price target of $245.14.
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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