Vail Resorts, Inc. (NYSE:MTN) CFO Buys $29,600.00 in Stock

Vail Resorts, Inc. (NYSE:MTN) CFO Angela A. Korch acquired 185 shares of the firm’s stock in a transaction dated Thursday, March 13th. The shares were purchased at an average price of $160.00 per share, for a total transaction of $29,600.00. Following the completion of the transaction, the chief financial officer now directly owns 2,956 shares in the company, valued at approximately $472,960. This trade represents a 6.68 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website.

Vail Resorts Stock Performance

Shares of NYSE:MTN opened at $159.68 on Friday. Vail Resorts, Inc. has a 52 week low of $151.99 and a 52 week high of $233.57. The stock has a market capitalization of $5.96 billion, a P/E ratio of 26.52, a PEG ratio of 1.93 and a beta of 1.12. The firm has a fifty day simple moving average of $167.25 and a two-hundred day simple moving average of $175.58. The company has a quick ratio of 0.51, a current ratio of 0.63 and a debt-to-equity ratio of 3.64.

Vail Resorts (NYSE:MTN) last issued its quarterly earnings data on Monday, March 10th. The company reported $6.56 EPS for the quarter, topping analysts’ consensus estimates of $6.29 by $0.27. Vail Resorts had a net margin of 8.07% and a return on equity of 21.90%. The business had revenue of $1.14 billion during the quarter, compared to analysts’ expectations of $1.14 billion. During the same period last year, the company posted $5.76 EPS. The business’s revenue was up 5.5% on a year-over-year basis. On average, analysts expect 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 Thursday, April 10th. Shareholders of record on Thursday, March 27th will be paid a $2.22 dividend. The ex-dividend date is Thursday, March 27th. This represents a $8.88 dividend on an annualized basis and a dividend yield of 5.56%. Vail Resorts’s payout ratio is currently 130.21%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on MTN. Morgan Stanley decreased their price objective on shares of Vail Resorts from $197.00 to $178.00 and set an “equal weight” rating on the stock in a research report on Tuesday, March 11th. Truist Financial decreased their price objective on shares of Vail Resorts from $250.00 to $247.00 and set a “buy” rating on the stock in a research report on Tuesday, December 10th. Mizuho decreased their price objective on shares of Vail Resorts from $227.00 to $215.00 and set an “outperform” rating on the stock in a research report on Tuesday, March 11th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Vail Resorts from $185.00 to $196.00 and gave the company a “hold” rating in a research note on Monday, December 9th. Finally, Stifel Nicolaus raised their target price on shares of Vail Resorts from $216.00 to $217.00 and gave the company a “buy” rating in a research note on Tuesday, December 10th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, Vail Resorts has a consensus rating of “Hold” and a consensus target price of $193.56.

Institutional Investors Weigh In On Vail Resorts

Several institutional investors have recently made changes to their positions in MTN. Norges Bank bought a new stake in shares of Vail Resorts in the 4th quarter worth about $80,669,000. Point72 Asset Management L.P. lifted its holdings in shares of Vail Resorts by 170.1% in the 4th quarter. Point72 Asset Management L.P. now owns 546,423 shares of the company’s stock worth $102,427,000 after acquiring an additional 344,095 shares during the last quarter. The Manufacturers Life Insurance Company lifted its holdings in shares of Vail Resorts by 42.1% in the 4th quarter. The Manufacturers Life Insurance Company now owns 976,468 shares of the company’s stock worth $183,039,000 after acquiring an additional 289,484 shares during the last quarter. Wealthfront Advisers LLC bought a new stake in shares of Vail Resorts in the 4th quarter worth about $42,532,000. Finally, FMR LLC lifted its holdings in shares of Vail Resorts by 1,080.8% in the 3rd quarter. FMR LLC now owns 207,809 shares of the company’s stock worth $36,219,000 after acquiring an additional 190,210 shares during the last quarter. Institutional investors own 94.94% of the company’s stock.

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.