South Dakota Investment Council Buys 27,676 Shares of Vail Resorts, Inc. $MTN

South Dakota Investment Council lifted its stake in shares of Vail Resorts, Inc. (NYSE:MTN) by 66.3% in the 1st quarter, HoldingsChannel reports. The firm owned 69,433 shares of the company’s stock after buying an additional 27,676 shares during the quarter. South Dakota Investment Council’s holdings in Vail Resorts were worth $8,910,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently modified their holdings of the company. BOKF NA lifted its stake in 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 last quarter. EverSource Wealth Advisors LLC increased its position in Vail Resorts by 815.8% in the second 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. Danske Bank A S purchased a new stake in Vail Resorts in the third quarter worth $30,000. Golden State Wealth Management LLC raised its stake in shares of Vail Resorts by 83.3% in the fourth 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. Finally, Caitong International Asset Management Co. Ltd raised its stake in shares of Vail Resorts by 1,585.7% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 236 shares of the company’s stock valued at $31,000 after buying an additional 222 shares during the period. Institutional investors own 94.90% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Truist Financial dropped their price target on Vail Resorts from $212.00 to $195.00 and set a “buy” rating on the stock in a research report on Tuesday, June 9th. Deutsche Bank Aktiengesellschaft lowered their price objective on Vail Resorts from $143.00 to $134.00 and set a “hold” rating on the stock in a research note on Tuesday, June 9th. Zacks Research downgraded shares of Vail Resorts from a “hold” rating to a “strong sell” rating in a report on Tuesday, April 28th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Vail Resorts in a research report on Tuesday, July 7th. Finally, Mizuho set a $174.00 target price on shares of Vail Resorts in a research report on Tuesday, June 9th. Five research analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $151.45.

Vail Resorts Price Performance

Vail Resorts stock opened at $153.17 on Friday. The firm has a market capitalization of $5.46 billion, a P/E ratio of 34.81, a PEG ratio of 15.02 and a beta of 0.71. Vail Resorts, Inc. has a one year low of $118.51 and a one year high of $165.50. The company has a debt-to-equity ratio of 3.22, a current ratio of 0.91 and a quick ratio of 0.79. The business has a fifty day moving average price of $140.54 and a 200-day moving average price of $135.52.

Vail Resorts (NYSE:MTN) last released its quarterly earnings data on Monday, June 8th. The company reported $8.81 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $8.97 by ($0.16). Vail Resorts had a net margin of 5.38% and a return on equity of 21.88%. The company had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.20 billion. During the same quarter in the previous year, the firm posted $10.54 earnings per share. The business’s revenue for the quarter was down 7.0% compared to the same quarter last year. As a group, equities research analysts forecast that Vail Resorts, Inc. will post 4.31 EPS for the current year.

Vail Resorts Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, July 9th. Stockholders of record on Thursday, June 25th were issued a $2.22 dividend. This represents a $8.88 dividend on an annualized basis and a dividend yield of 5.8%. The ex-dividend date of this dividend was Thursday, June 25th. Vail Resorts’s dividend payout ratio is presently 201.82%.

Vail Resorts 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.