Vail Resorts Target of Unusually High Options Trading (MTN)
Vail Resorts, Inc. (NYSE:MTN) saw some unusual options trading on Monday. Stock traders bought 1,760 put options on the company. This is an increase of approximately 682% compared to the typical volume of 225 put options.
In other Vail Resorts news, insider Patricia A. Campbell sold 5,515 shares of the firm’s stock in a transaction on Thursday, October 19th. The stock was sold at an average price of $222.41, for a total value of $1,226,591.15. Following the completion of the sale, the insider now owns 28,736 shares of the company’s stock, valued at $6,391,173.76. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Michele Romanow bought 225 shares of Vail Resorts stock in a transaction on Tuesday, December 19th. The stock was acquired at an average cost of $221.54 per share, with a total value of $49,846.50. Following the acquisition, the director now owns 1,663 shares of the company’s stock, valued at approximately $368,421.02. The disclosure for this purchase can be found here. 3.30% of the stock is currently owned by company insiders.
Several large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in shares of Vail Resorts by 2.5% during the 2nd quarter. Vanguard Group Inc. now owns 3,126,244 shares of the company’s stock worth $634,095,000 after buying an additional 76,961 shares during the last quarter. BlackRock Inc. raised its stake in shares of Vail Resorts by 17.0% during the 2nd quarter. BlackRock Inc. now owns 2,068,244 shares of the company’s stock worth $419,502,000 after buying an additional 300,793 shares during the last quarter. State Street Corp raised its stake in shares of Vail Resorts by 40.2% during the 2nd quarter. State Street Corp now owns 718,192 shares of the company’s stock worth $145,687,000 after buying an additional 206,079 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of Vail Resorts by 24.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 518,066 shares of the company’s stock worth $114,902,000 after buying an additional 101,554 shares during the last quarter. Finally, Voya Investment Management LLC raised its stake in shares of Vail Resorts by 13.3% during the 2nd quarter. Voya Investment Management LLC now owns 510,171 shares of the company’s stock worth $103,478,000 after buying an additional 59,849 shares during the last quarter. 93.52% of the stock is owned by institutional investors and hedge funds.
Vail Resorts (NYSE:MTN) last released its quarterly earnings results on Thursday, December 7th. The company reported ($2.00) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.90) by ($0.10). The firm had revenue of $220.90 million for the quarter, compared to analyst estimates of $198.95 million. Vail Resorts had a return on equity of 12.28% and a net margin of 12.55%. The company’s quarterly revenue was up 23.9% compared to the same quarter last year. During the same period last year, the firm earned ($1.70) EPS. research analysts forecast that Vail Resorts will post 7.03 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, January 10th. Stockholders of record on Wednesday, December 27th were paid a dividend of $1.053 per share. This represents a $4.21 annualized dividend and a dividend yield of 1.89%. The ex-dividend date of this dividend was Tuesday, December 26th. Vail Resorts’s dividend payout ratio (DPR) is presently 71.36%.
A number of research firms have commented on MTN. Stifel Nicolaus raised their target price on Vail Resorts from $232.00 to $235.00 and gave the company a “hold” rating in a report on Friday, December 8th. Bank of America raised their target price on Vail Resorts from $245.00 to $250.00 and gave the company a “buy” rating in a report on Friday, November 10th. Deutsche Bank began coverage on Vail Resorts in a report on Wednesday, December 13th. They issued a “buy” rating and a $265.00 target price for the company. Zacks Investment Research downgraded Vail Resorts from a “buy” rating to a “hold” rating in a report on Wednesday, November 29th. Finally, Barclays raised their target price on Vail Resorts from $226.00 to $247.00 and gave the company an “overweight” rating in a report on Friday, September 29th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Buy” and an average target price of $252.22.
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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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