Angela Korch Purchases 210 Shares of Vail Resorts (NYSE:MTN) Stock

Vail Resorts, Inc. (NYSE:MTN) CFO Angela Korch acquired 210 shares of the firm’s stock in a transaction dated Tuesday, October 7th. The shares were acquired at an average price of $155.00 per share, with a total value of $32,550.00. Following the acquisition, the chief financial officer owned 4,905 shares in the company, valued at approximately $760,275. The trade was a 4.47% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this link.

Vail Resorts Stock Performance

Shares of MTN opened at $154.65 on Thursday. Vail Resorts, Inc. has a 12 month low of $129.85 and a 12 month high of $199.45. The stock has a fifty day moving average price of $152.79 and a 200-day moving average price of $152.37. The company has a current ratio of 0.63, a quick ratio of 0.56 and a debt-to-equity ratio of 3.44. The firm has a market cap of $5.55 billion, a PE ratio of 20.87, a P/E/G ratio of 2.49 and a beta of 0.86.

Vail Resorts (NYSE:MTN) last issued its quarterly earnings data on Monday, September 29th. The company reported ($5.08) EPS for the quarter, missing the consensus estimate of ($4.75) by ($0.33). Vail Resorts had a net margin of 9.45% and a return on equity of 31.54%. The business had revenue of $271.29 million for the quarter, compared to analysts’ expectations of $272.87 million. During the same quarter in the prior year, the company posted ($4.67) EPS. The business’s revenue for the quarter was up 2.2% on a year-over-year basis. Equities research analysts predict that Vail Resorts, Inc. will post 7.62 earnings per share for the current fiscal year.

Vail Resorts Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 27th. Stockholders of record on Thursday, October 9th will be issued a dividend of $2.22 per share. This represents a $8.88 annualized dividend and a dividend yield of 5.7%. The ex-dividend date is Thursday, October 9th. Vail Resorts’s dividend payout ratio is currently 119.84%.

Institutional Investors Weigh In On Vail Resorts

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Sendero Wealth Management LLC grew its position in Vail Resorts by 54.2% during the 3rd quarter. Sendero Wealth Management LLC now owns 4,363 shares of the company’s stock worth $653,000 after purchasing an additional 1,533 shares during the period. 1620 Investment Advisors Inc. grew its position in Vail Resorts by 25,210.0% during the 3rd quarter. 1620 Investment Advisors Inc. now owns 2,531 shares of the company’s stock worth $379,000 after purchasing an additional 2,521 shares during the period. Oak Thistle LLC acquired a new stake in Vail Resorts during the 3rd quarter worth about $586,000. Provident Investment Management Inc. grew its position in Vail Resorts by 15.8% during the 2nd quarter. Provident Investment Management Inc. now owns 5,731 shares of the company’s stock worth $901,000 after purchasing an additional 780 shares during the period. Finally, State of Wyoming acquired a new stake in Vail Resorts during the 2nd quarter worth about $64,000. 94.90% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on MTN. Morgan Stanley decreased their price objective on Vail Resorts from $155.00 to $146.00 and set an “equal weight” rating for the company in a report on Wednesday, October 1st. Truist Financial cut their target price on Vail Resorts from $244.00 to $237.00 and set a “buy” rating on the stock in a research report on Tuesday, September 30th. Deutsche Bank Aktiengesellschaft cut their target price on Vail Resorts from $170.00 to $165.00 and set a “hold” rating on the stock in a research report on Wednesday, September 17th. Mizuho cut their target price on Vail Resorts from $216.00 to $195.00 and set an “outperform” rating on the stock in a research report on Tuesday, September 30th. Finally, UBS Group cut their target price on Vail Resorts from $185.00 to $169.00 and set a “neutral” rating on the stock in a research report on Wednesday, June 11th. Three equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $174.90.

About Vail Resorts

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.