Vail Resorts, Inc. (NYSE:MTN) Chairman Robert A. Katz sold 64,913 shares of the business’s stock in a transaction that occurred on Tuesday, June 11th. The shares were sold at an average price of $231.95, for a total transaction of $15,056,570.35. Following the sale, the chairman now owns 425,729 shares of the company’s stock, valued at $98,747,841.55. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
Shares of NYSE:MTN opened at $233.04 on Friday. The company has a current ratio of 0.76, a quick ratio of 0.62 and a debt-to-equity ratio of 0.69. Vail Resorts, Inc. has a 1-year low of $179.60 and a 1-year high of $302.76. The company has a market cap of $9.57 billion, a price-to-earnings ratio of 37.05, a PEG ratio of 2.22 and a beta of 0.70.
Vail Resorts (NYSE:MTN) last issued its quarterly earnings results on Thursday, June 6th. The company reported $7.12 earnings per share for the quarter, beating the consensus estimate of $7.03 by $0.09. Vail Resorts had a net margin of 13.71% and a return on equity of 18.25%. The business had revenue of $958.00 million for the quarter, compared to the consensus estimate of $958.39 million. During the same quarter in the previous year, the firm earned $6.17 earnings per share. The company’s revenue for the quarter was up 13.4% on a year-over-year basis. On average, equities research analysts predict that Vail Resorts, Inc. will post 6.99 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, July 11th. Shareholders of record on Wednesday, June 26th will be issued a dividend of $1.76 per share. This represents a $7.04 annualized dividend and a yield of 3.02%. The ex-dividend date is Tuesday, June 25th. Vail Resorts’s dividend payout ratio is currently 111.92%.
Several hedge funds have recently added to or reduced their stakes in the company. Marshall Wace North America L.P. purchased a new position in shares of Vail Resorts in the first quarter worth $5,324,000. First Pacific Advisors LP purchased a new position in shares of Vail Resorts in the first quarter worth $3,844,000. Clearbridge Investments LLC purchased a new position in shares of Vail Resorts in the first quarter worth $48,145,000. Princeton Global Asset Management LLC lifted its holdings in shares of Vail Resorts by 5.1% in the first quarter. Princeton Global Asset Management LLC now owns 4,077 shares of the company’s stock worth $886,000 after buying an additional 199 shares in the last quarter. Finally, Allstate Corp purchased a new position in shares of Vail Resorts in the first quarter worth $335,000. 98.06% of the stock is currently owned by hedge funds and other institutional investors.
Several analysts recently issued reports on MTN shares. Stifel Nicolaus boosted their target price on shares of Vail Resorts from $215.00 to $219.00 and gave the company a “hold” rating in a research report on Monday, March 11th. Jefferies Financial Group assumed coverage on shares of Vail Resorts in a report on Monday, April 22nd. They set a “hold” rating and a $233.00 price target on the stock. SunTrust Banks lifted their price target on shares of Vail Resorts to $247.00 and gave the company a “buy” rating in a report on Friday, June 7th. Zacks Investment Research raised shares of Vail Resorts from a “sell” rating to a “hold” rating in a report on Friday, May 24th. Finally, KeyCorp lifted their price target on shares of Vail Resorts from $210.00 to $225.00 and gave the company an “overweight” rating in a report on Wednesday, March 6th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $244.96.
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About Vail Resorts
Vail Resorts, Inc, through its subsidiaries, operates mountain resorts and urban ski areas in the United States. The company operates through three segments: Mountain, Lodging, and Real Estate. The Mountain segment operates 11 mountain resorts, including Vail Mountain, Breckenridge Ski, Keystone, and Beaver Creek resorts in Colorado; Park City resort in Utah; Heavenly Mountain, Northstar, and Kirkwood Mountain resorts in the Lake Tahoe area of California and Nevada; Whistler Blackcomb in Canada; Stowe Mountain resort in Vermont; and Perisher in Australia, as well as 3 urban ski areas, such as Wilmot Mountain in Wisconsin, Afton Alps in Minnesota, and Mount Brighton in Michigan.
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