Insider Buying: Vail Resorts, Inc. (NYSE:MTN) CFO Purchases 200 Shares of Stock

Vail Resorts, Inc. (NYSE:MTN) CFO Angela A. Korch bought 200 shares of Vail Resorts stock in a transaction dated Friday, June 20th. The shares were acquired at an average price of $157.00 per share, with a total value of $31,400.00. Following the completion of the purchase, the chief financial officer now owns 3,156 shares in the company, valued at approximately $495,492. The trade was a 6.77% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Vail Resorts Stock Performance

MTN stock opened at $157.71 on Wednesday. The company has a debt-to-equity ratio of 1.70, a quick ratio of 0.54 and a current ratio of 0.61. The stock has a market capitalization of $5.86 billion, a price-to-earnings ratio of 20.17, a PEG ratio of 1.95 and a beta of 0.91. Vail Resorts, Inc. has a 1 year low of $129.85 and a 1 year high of $199.45. The stock’s fifty day moving average is $148.56 and its two-hundred day moving average is $161.16.

Vail Resorts (NYSE:MTN) last issued its quarterly earnings results on Thursday, June 5th. The company reported $10.54 EPS for the quarter, beating analysts’ consensus estimates of $10.00 by $0.54. The company had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.31 billion. Vail Resorts had a return on equity of 30.25% and a net margin of 9.81%. The company’s quarterly revenue was up 1.0% compared to the same quarter last year. During the same period last year, the company earned $9.54 earnings per share. On average, research analysts predict that Vail Resorts, Inc. will post 7.62 EPS for the current year.

Vail Resorts Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 9th. Stockholders of record on Tuesday, June 24th will be issued a dividend of $2.22 per share. This represents a $8.88 dividend on an annualized basis and a dividend yield of 5.63%. The ex-dividend date of this dividend is Tuesday, June 24th. Vail Resorts’s dividend payout ratio (DPR) is 113.55%.

Wall Street Analysts Forecast Growth

MTN has been the topic of several research analyst reports. Macquarie reduced their price objective on Vail Resorts from $195.00 to $185.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 12th. Deutsche Bank Aktiengesellschaft reduced their price objective on Vail Resorts from $183.00 to $171.00 and set a “hold” rating on the stock in a research note on Thursday, May 29th. Bank of America raised their price objective on Vail Resorts from $160.00 to $175.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 28th. Truist Financial reduced their price objective on Vail Resorts from $247.00 to $244.00 and set a “buy” rating on the stock in a research note on Friday, June 6th. Finally, Barclays restated an “underweight” rating and set a $152.00 price objective (down from $165.00) on shares of Vail Resorts in a research note on Monday, March 10th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $187.20.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Sterling Capital Management LLC increased its holdings in shares of Vail Resorts by 8.5% during the fourth quarter. Sterling Capital Management LLC now owns 881 shares of the company’s stock valued at $165,000 after purchasing an additional 69 shares during the period. Argonautica Private Wealth Management Inc. increased its holdings in shares of Vail Resorts by 6.9% during the fourth quarter. Argonautica Private Wealth Management Inc. now owns 1,478 shares of the company’s stock valued at $277,000 after purchasing an additional 96 shares during the period. State of Michigan Retirement System increased its holdings in shares of Vail Resorts by 1.1% during the first quarter. State of Michigan Retirement System now owns 9,000 shares of the company’s stock valued at $1,440,000 after purchasing an additional 100 shares during the period. Louisiana State Employees Retirement System grew its holdings in Vail Resorts by 1.0% during the first quarter. Louisiana State Employees Retirement System now owns 10,500 shares of the company’s stock worth $1,680,000 after acquiring an additional 100 shares during the period. Finally, Aurora Investment Managers LLC. grew its holdings in Vail Resorts by 1.1% during the first quarter. Aurora Investment Managers LLC. now owns 9,513 shares of the company’s stock worth $1,522,000 after acquiring an additional 104 shares during the period. 94.94% of the stock is owned by institutional investors and hedge funds.

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.