25,551 Shares in Vail Resorts, Inc. $MTN Purchased by Heartland Advisors Inc.

Heartland Advisors Inc. bought a new stake in shares of Vail Resorts, Inc. (NYSE:MTN) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 25,551 shares of the company’s stock, valued at approximately $3,479,000.

Several other institutional investors also recently bought and sold shares of the company. Goldman Sachs Group Inc. grew its holdings in shares of Vail Resorts by 2.9% in the first quarter. Goldman Sachs Group Inc. now owns 121,123 shares of the company’s stock valued at $19,382,000 after purchasing an additional 3,440 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in Vail Resorts by 1.9% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 148,235 shares of the company’s stock valued at $23,721,000 after buying an additional 2,824 shares during the period. Prudential Financial Inc. boosted its position in Vail Resorts by 24.1% in the 2nd quarter. Prudential Financial Inc. now owns 3,086 shares of the company’s stock valued at $525,000 after buying an additional 600 shares during the period. EverSource Wealth Advisors LLC grew its stake in shares of Vail Resorts by 815.8% in the second quarter. EverSource Wealth Advisors LLC now owns 174 shares of the company’s stock worth $27,000 after acquiring an additional 155 shares in the last quarter. Finally, Marshall Wace LLP acquired a new position in shares of Vail Resorts in the second quarter worth $2,119,000. 94.90% of the stock is owned by institutional investors and hedge funds.

Vail Resorts Price Performance

Vail Resorts stock opened at $152.93 on Friday. The company has a current ratio of 0.91, a quick ratio of 0.79 and a debt-to-equity ratio of 3.22. The company has a fifty day simple moving average of $145.64 and a 200-day simple moving average of $136.73. The stock has a market cap of $5.45 billion, a P/E ratio of 34.76, a price-to-earnings-growth ratio of 10.08 and a beta of 0.70. Vail Resorts, Inc. has a 12-month low of $118.51 and a 12-month high of $165.50.

Vail Resorts (NYSE:MTN) last posted its quarterly earnings results on Monday, June 8th. The company reported $8.81 earnings per share for the quarter, missing analysts’ consensus estimates of $8.97 by ($0.16). Vail Resorts had a net margin of 5.38% and a return on equity of 21.88%. The business had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.20 billion. During the same quarter in the prior year, the business earned $10.54 earnings per share. The firm’s quarterly revenue was down 7.0% on a year-over-year basis. Equities analysts expect that Vail Resorts, Inc. will post 4.32 EPS for the current fiscal year.

Vail Resorts Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 9th. Investors of record on Thursday, June 25th were issued a $2.22 dividend. This represents a $8.88 dividend on an annualized basis and a yield of 5.8%. The ex-dividend date of this dividend was Thursday, June 25th. Vail Resorts’s dividend payout ratio is 201.82%.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the company. Mizuho set a $174.00 price objective on Vail Resorts in a research note on Tuesday, June 9th. Deutsche Bank Aktiengesellschaft lowered their target price on Vail Resorts from $143.00 to $134.00 and set a “hold” rating for the company in a research note on Tuesday, June 9th. Truist Financial cut their price target on Vail Resorts from $212.00 to $195.00 and set a “buy” rating on the stock in a report on Tuesday, June 9th. JPMorgan Chase & Co. increased their price target on Vail Resorts from $124.00 to $126.00 and gave the company a “neutral” rating in a research report on Tuesday, June 9th. Finally, Zacks Research upgraded Vail Resorts from a “strong sell” rating to a “hold” rating in a research note on Monday, August 3rd. Five research analysts have rated the stock with a Buy rating, seven have given a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $149.83.

About Vail Resorts

Vail Resorts, Inc is a leading mountain resort company that owns and operates an integrated network of ski areas, hotels, restaurants and retail outlets. The company’s signature Epic Pass program offers skiers and snowboarders season?long access to its portfolio of resorts, while ancillary services such as ski and snowboard schools, equipment rental and retail drive additional revenue.

Headquartered in Broomfield, Colorado, Vail Resorts was formed in 1997, building on the legacy of Vail Associates, which opened the Vail ski area in 1962.