Vail Resorts, Inc. (NYSE:MTN) CFO Angela A. Korch Acquires 185 Shares

Vail Resorts, Inc. (NYSE:MTN) CFO Angela A. Korch acquired 185 shares of the stock in a transaction dated Thursday, March 13th. The shares were acquired at an average cost of $160.00 per share, with a total value of $29,600.00. Following the completion of the transaction, the chief financial officer now owns 2,956 shares in the company, valued at approximately $472,960. This represents a 6.68 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Vail Resorts Price Performance

Shares of MTN traded down $2.30 during mid-day trading on Thursday, hitting $159.44. 590,031 shares of the company traded hands, compared to its average volume of 555,847. Vail Resorts, Inc. has a one year low of $151.99 and a one year high of $233.57. The company has a current ratio of 0.63, a quick ratio of 0.51 and a debt-to-equity ratio of 3.64. The business has a 50-day moving average of $167.95 and a 200 day moving average of $175.86. The stock has a market capitalization of $5.97 billion, a price-to-earnings ratio of 26.48, a PEG ratio of 1.93 and a beta of 1.12.

Vail Resorts (NYSE:MTN) last released its quarterly earnings results on Monday, March 10th. The company reported $6.56 earnings per share for the quarter, beating the consensus estimate of $6.29 by $0.27. Vail Resorts had a net margin of 8.07% and a return on equity of 21.90%. The company had revenue of $1.14 billion during the quarter, compared to analysts’ expectations of $1.14 billion. During the same quarter in the prior year, the company earned $5.76 earnings per share. The business’s quarterly revenue was up 5.5% compared to the same quarter last year. As a group, equities analysts expect that Vail Resorts, Inc. will post 7.62 earnings per share for the current fiscal year.

Vail Resorts Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 10th. Stockholders of record on Thursday, March 27th will be given a $2.22 dividend. This represents a $8.88 annualized dividend and a dividend yield of 5.57%. The ex-dividend date is Thursday, March 27th. Vail Resorts’s payout ratio is presently 147.51%.

Analyst Upgrades and Downgrades

Several analysts have commented on the company. UBS Group began coverage on Vail Resorts in a research note on Thursday, November 14th. They set a “neutral” rating and a $185.00 price objective for the company. Barclays reissued an “underweight” rating and set a $152.00 price target (down previously from $165.00) on shares of Vail Resorts in a research note on Monday. StockNews.com upgraded Vail Resorts from a “sell” rating to a “hold” rating in a report on Friday, December 13th. Truist Financial dropped their target price on Vail Resorts from $250.00 to $247.00 and set a “buy” rating on the stock in a research report on Tuesday, December 10th. Finally, Mizuho lowered their price objective on Vail Resorts from $227.00 to $215.00 and set an “outperform” rating for the company in a report on Tuesday. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $193.56.

Hedge Funds Weigh In On Vail Resorts

Hedge funds have recently bought and sold shares of the business. Heck Capital Advisors LLC bought a new position in Vail Resorts during the fourth quarter worth about $33,000. Blue Trust Inc. grew its stake in Vail Resorts by 246.7% during the fourth quarter. Blue Trust Inc. now owns 208 shares of the company’s stock worth $36,000 after buying an additional 148 shares in the last quarter. Eagle Bay Advisors LLC acquired a new stake in Vail Resorts during the fourth quarter worth about $40,000. GeoWealth Management LLC grew its stake in Vail Resorts by 162.2% during the fourth quarter. GeoWealth Management LLC now owns 291 shares of the company’s stock worth $55,000 after buying an additional 180 shares in the last quarter. Finally, UMB Bank n.a. grew its stake in Vail Resorts by 37.9% during the fourth quarter. UMB Bank n.a. now owns 302 shares of the company’s stock worth $57,000 after buying an additional 83 shares in the last quarter. 94.94% of the stock is owned by institutional investors.

About Vail Resorts

Vail Resorts, Inc, through its subsidiaries, operates mountain resorts and regional ski areas in the United States. It operates through three segments: Mountain, Lodging, and Real Estate. The Mountain segment operates 41 destination mountain resorts and regional ski areas. This segment is also involved in the ancillary activities, including ski school, dining, and retail/rental operations, as well as real estate brokerage activities.