Vail Resorts, Inc. (NYSE:MTN – Get Free Report) 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 – Get Free Report) 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
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.
Check Out Our Latest Report on MTN
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.
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