Vail Resorts Inc. (NYSE:MTN) insider Patricia A. Campbell sold 291 shares of Vail Resorts stock in a transaction dated Thursday, October 6th. The stock was sold at an average price of $157.09, for a total value of $45,713.19. Following the sale, the insider now directly owns 19,593 shares in the company, valued at $3,077,864.37. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Vail Resorts Inc. (NYSE:MTN) opened at 153.41 on Monday. The company has a 50-day moving average of $158.30 and a 200 day moving average of $142.90. Vail Resorts Inc. has a 52-week low of $107.99 and a 52-week high of $162.95. The company has a market cap of $5.55 billion, a PE ratio of 38.26 and a beta of 0.66.
Vail Resorts (NYSE:MTN) last announced its earnings results on Monday, September 26th. The company reported ($1.80) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($1.67) by $0.13. Vail Resorts had a return on equity of 17.22% and a net margin of 9.35%. The business had revenue of $179.88 million for the quarter. During the same quarter in the previous year, the firm posted ($1.92) EPS. The firm’s quarterly revenue was up 11.0% on a year-over-year basis. Equities research analysts predict that Vail Resorts Inc. will post $5.08 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 25th. Shareholders of record on Friday, October 7th will be given a dividend of $0.81 per share. The ex-dividend date is Wednesday, October 5th. This represents a $3.24 dividend on an annualized basis and a dividend yield of 2.11%. Vail Resorts’s payout ratio is presently 82.23%.
MTN has been the topic of a number of recent research reports. Janney Montgomery Scott reaffirmed a “buy” rating and set a $170.00 price objective on shares of Vail Resorts in a report on Tuesday, September 27th. Barclays PLC reaffirmed a “buy” rating and set a $175.00 price objective on shares of Vail Resorts in a report on Tuesday, September 27th. MKM Partners set a $180.00 price objective on Vail Resorts and gave the company a “buy” rating in a report on Tuesday, September 20th. Credit Suisse Group AG set a $153.00 price objective on Vail Resorts and gave the company a “buy” rating in a report on Monday, September 12th. Finally, Zacks Investment Research raised Vail Resorts from a “hold” rating to a “buy” rating and set a $180.00 price objective on the stock in a report on Wednesday, August 24th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and eleven have given a buy rating to the stock. Vail Resorts has a consensus rating of “Buy” and a consensus price target of $153.76.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Pacer Advisors Inc. raised its position in shares of Vail Resorts by 502.4% in the second quarter. Pacer Advisors Inc. now owns 1,271 shares of the company’s stock worth $176,000 after buying an additional 1,060 shares during the last quarter. Corundum Group Inc. purchased a new stake in Vail Resorts during the second quarter valued at about $207,000. BlueMountain Capital Management LLC purchased a new stake in Vail Resorts during the first quarter valued at about $210,000. FineMark National Bank & Trust raised its stake in Vail Resorts by 20,025.0% in the second quarter. FineMark National Bank & Trust now owns 1,610 shares of the company’s stock valued at $223,000 after buying an additional 1,602 shares in the last quarter. Finally, Hsbc Holdings PLC purchased a new stake in Vail Resorts during the second quarter valued at about $223,000. Hedge funds and other institutional investors own 98.38% of the company’s stock.
Vail Resorts Company Profile
Vail Resorts, Inc is a holding company. The Company operates through three segments: Mountain, Lodging and Real Estate. The Company’s Mountain segment operates around 10 mountain resort properties and two urban ski areas, as well as ancillary services, primarily including, ski school, dining and retail/rental operations.
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