Vail Resorts, Inc. (NYSE:MTN) Director John F. Sorte sold 6,597 shares of the stock in a transaction that occurred on Friday, October 6th. The stock was sold at an average price of $216.74, for a total value of $1,429,833.78. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.
Vail Resorts, Inc. (NYSE MTN) traded down 0.35% during trading on Tuesday, reaching $215.80. The company had a trading volume of 280,580 shares. The company has a 50-day moving average of $224.96 and a 200-day moving average of $208.96. The firm has a market capitalization of $8.65 billion, a P/E ratio of 41.34 and a beta of 0.50. Vail Resorts, Inc. has a 52-week low of $151.60 and a 52-week high of $232.71.
Vail Resorts (NYSE:MTN) last posted its quarterly earnings results on Thursday, September 28th. The company reported ($1.43) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($1.81) by $0.38. The company had revenue of $209.10 million for the quarter, compared to analysts’ expectations of $210.92 million. Vail Resorts had a return on equity of 13.46% and a net margin of 11.04%. The firm’s revenue was up 16.2% on a year-over-year basis. During the same quarter in the prior year, the company earned ($1.80) earnings per share. Analysts expect that Vail Resorts, Inc. will post $6.25 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, October 27th. Shareholders of record on Tuesday, October 10th will be issued a $1.053 dividend. The ex-dividend date of this dividend is Friday, October 6th. This represents a $4.21 annualized dividend and a dividend yield of 1.95%. Vail Resorts’s dividend payout ratio is currently 85.92%.
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A number of brokerages have recently issued reports on MTN. Stifel Nicolaus reissued a “buy” rating and set a $232.00 target price (up from $229.00) on shares of Vail Resorts in a research note on Monday, October 2nd. MKM Partners reissued a “buy” rating and set a $266.00 target price (up from $264.00) on shares of Vail Resorts in a research note on Monday, October 2nd. Zacks Investment Research raised Vail Resorts from a “sell” rating to a “hold” rating in a research note on Friday, September 29th. Janney Montgomery Scott reissued a “buy” rating and set a $260.00 target price (up from $245.00) on shares of Vail Resorts in a research note on Friday, September 29th. Finally, Barclays PLC increased their target price on Vail Resorts from $226.00 to $247.00 and gave the stock an “overweight” rating in a research note on Friday, September 29th. One research analyst has rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. Vail Resorts has an average rating of “Buy” and a consensus price target of $245.14.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Morgan Stanley increased its holdings in shares of Vail Resorts by 127.4% in the first quarter. Morgan Stanley now owns 108,825 shares of the company’s stock valued at $20,884,000 after buying an additional 60,960 shares in the last quarter. Capstone Asset Management Co. increased its holdings in shares of Vail Resorts by 375.5% in the second quarter. Capstone Asset Management Co. now owns 6,994 shares of the company’s stock valued at $1,419,000 after buying an additional 5,523 shares in the last quarter. Credit Suisse AG increased its holdings in shares of Vail Resorts by 1.8% in the first quarter. Credit Suisse AG now owns 117,415 shares of the company’s stock valued at $22,532,000 after buying an additional 2,063 shares in the last quarter. Covington Capital Management increased its holdings in shares of Vail Resorts by 10.9% in the first quarter. Covington Capital Management now owns 5,598 shares of the company’s stock valued at $1,074,000 after buying an additional 550 shares in the last quarter. Finally, Tocqueville Asset Management L.P. increased its holdings in shares of Vail Resorts by 0.3% in the second quarter. Tocqueville Asset Management L.P. now owns 2,770 shares of the company’s stock valued at $562,000 after buying an additional 8 shares in the last quarter. 96.49% of the stock is currently owned by institutional investors.
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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