Vail Resorts (NYSE:MTN) CEO Robert Katz Buys 37,500 Shares

Vail Resorts, Inc. (NYSE:MTN) CEO Robert Katz bought 37,500 shares of the business’s stock in a transaction on Monday, March 16th. The shares were acquired at an average price of $131.81 per share, with a total value of $4,942,875.00. Following the transaction, the chief executive officer owned 285,312 shares of the company’s stock, valued at $37,606,974.72. The trade was a 15.13% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Vail Resorts Price Performance

Shares of MTN stock traded up $0.76 during trading hours on Monday, hitting $132.50. The company’s stock had a trading volume of 1,139,849 shares, compared to its average volume of 892,907. The business has a fifty day moving average of $137.64 and a 200-day moving average of $144.29. The stock has a market cap of $4.74 billion, a price-to-earnings ratio of 21.62, a P/E/G ratio of 9.07 and a beta of 0.78. Vail Resorts, Inc. has a twelve month low of $126.15 and a twelve month high of $175.51. The company has a current ratio of 0.62, a quick ratio of 0.51 and a debt-to-equity ratio of 4.43.

Vail Resorts (NYSE:MTN) last issued its quarterly earnings data on Monday, March 9th. The company reported $5.87 earnings per share for the quarter, missing analysts’ consensus estimates of $6.06 by ($0.19). Vail Resorts had a return on equity of 29.72% and a net margin of 7.89%.The business had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.11 billion. During the same period last year, the business earned $6.56 earnings per share. The company’s revenue for the quarter was down 4.7% on a year-over-year basis. As a group, equities research analysts anticipate that Vail Resorts, Inc. will post 7.62 EPS for the current year.

Vail Resorts Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 9th. Shareholders of record on Thursday, March 26th will be given a dividend of $2.22 per share. The ex-dividend date of this dividend is Thursday, March 26th. This represents a $8.88 annualized dividend and a yield of 6.7%. Vail Resorts’s dividend payout ratio (DPR) is presently 144.86%.

Institutional Investors Weigh In On Vail Resorts

Several hedge funds have recently made changes to their positions in the business. BOKF NA grew its position in shares of Vail Resorts by 833.3% in the third quarter. BOKF NA now owns 168 shares of the company’s stock valued at $25,000 after purchasing an additional 150 shares during the period. NBT Bank N A NY lifted its position in Vail Resorts by 450.0% during the third quarter. NBT Bank N A NY now owns 176 shares of the company’s stock worth $26,000 after buying an additional 144 shares during the period. EverSource Wealth Advisors LLC boosted its stake in Vail Resorts by 815.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 174 shares of the company’s stock worth $27,000 after buying an additional 155 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in Vail Resorts by 196.8% in the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 187 shares of the company’s stock worth $29,000 after buying an additional 124 shares during the last quarter. Finally, Golden State Wealth Management LLC grew its holdings in Vail Resorts by 83.3% in the 4th quarter. Golden State Wealth Management LLC now owns 220 shares of the company’s stock valued at $29,000 after buying an additional 100 shares during the period. Institutional investors and hedge funds own 94.90% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on MTN shares. Wells Fargo & Company initiated coverage on Vail Resorts in a research report on Wednesday, March 11th. They issued an “equal weight” rating and a $135.00 price objective on the stock. Barclays dropped their price objective on Vail Resorts from $140.00 to $138.00 and set an “underweight” rating for the company in a research report on Tuesday, March 10th. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Vail Resorts from $159.00 to $151.00 and set a “hold” rating on the stock in a report on Friday, March 6th. Stifel Nicolaus decreased their price target on shares of Vail Resorts from $175.00 to $172.00 and set a “buy” rating on the stock in a research note on Tuesday, March 10th. Finally, Truist Financial lowered their price target on shares of Vail Resorts from $234.00 to $217.00 and set a “buy” rating for the company in a report on Tuesday, March 10th. Five analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $165.00.

Vail Resorts Company Profile

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.