Insider Buying: Vail Resorts (NYSE:MTN) CFO Purchases $25,051.50 in Stock

Vail Resorts, Inc. (NYSE:MTN) CFO Angela Korch bought 190 shares of the business’s stock in a transaction on Monday, March 16th. The stock was purchased at an average price of $131.85 per share, with a total value of $25,051.50. Following the completion of the transaction, the chief financial officer directly owned 5,539 shares of the company’s stock, valued at $730,317.15. This trade represents a 3.55% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link.

Vail Resorts Stock Performance

Shares of NYSE MTN opened at $136.20 on Thursday. Vail Resorts, Inc. has a 1 year low of $126.15 and a 1 year high of $175.51. The firm has a market cap of $4.87 billion, a P/E ratio of 22.22, a PEG ratio of 9.94 and a beta of 0.78. The stock has a fifty day moving average price of $137.79 and a two-hundred day moving average price of $143.87. The company has a debt-to-equity ratio of 4.43, a quick ratio of 0.51 and a current ratio of 0.62.

Vail Resorts (NYSE:MTN) last posted its quarterly earnings data on Monday, March 9th. The company reported $5.87 EPS for the quarter, missing analysts’ consensus estimates of $6.06 by ($0.19). The firm had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.11 billion. Vail Resorts had a return on equity of 29.72% and a net margin of 7.89%.The firm’s quarterly revenue was down 4.7% on a year-over-year basis. During the same period in the prior year, the firm posted $6.56 EPS. Research analysts forecast that Vail Resorts, Inc. will post 7.62 EPS for the current fiscal year.

Vail Resorts Announces Dividend

The firm 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 $2.22 dividend. The ex-dividend date is Thursday, March 26th. This represents a $8.88 annualized dividend and a yield of 6.5%. Vail Resorts’s payout ratio is 144.86%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on MTN. Barclays reduced their price objective on shares of 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 dropped 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. Truist Financial cut their target price on shares of Vail Resorts from $234.00 to $217.00 and set a “buy” rating for the company in a research note on Tuesday, March 10th. Jefferies Financial Group upgraded shares of Vail Resorts from a “hold” rating to a “buy” rating and lifted their price target for the stock from $159.00 to $165.00 in a research report on Tuesday, January 13th. Finally, Mizuho dropped their price target on Vail Resorts from $202.00 to $200.00 and set an “outperform” rating on the stock in a report on Tuesday, March 10th. Five investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $165.00.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in MTN. World Investment Advisors acquired a new position in Vail Resorts in the 3rd quarter worth approximately $1,118,000. TD Waterhouse Canada Inc. grew its position in Vail Resorts by 376.3% during the 3rd quarter. TD Waterhouse Canada Inc. now owns 16,584 shares of the company’s stock worth $2,553,000 after purchasing an additional 13,102 shares in the last quarter. Blume Capital Management Inc. raised its stake in Vail Resorts by 317.0% during the 3rd quarter. Blume Capital Management Inc. now owns 9,703 shares of the company’s stock valued at $1,451,000 after purchasing an additional 7,376 shares during the period. Rice Hall James & Associates LLC raised its stake in Vail Resorts by 11.4% during the 3rd quarter. Rice Hall James & Associates LLC now owns 115,724 shares of the company’s stock valued at $17,309,000 after purchasing an additional 11,809 shares during the period. Finally, Confluence Investment Management LLC purchased a new stake in shares of Vail Resorts in the third quarter valued at $8,160,000. 94.90% of the stock is currently owned by institutional investors and hedge funds.

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.