Vail Resorts, Inc. (NYSE:MTN) Director John F. Sorte Sells 1,670 Shares

Vail Resorts, Inc. (NYSE:MTN) Director John F. Sorte sold 1,670 shares of the stock in a transaction on Wednesday, October 2nd. The shares were sold at an average price of $173.07, for a total value of $289,026.90. Following the completion of the sale, the director now owns 45,111 shares of the company’s stock, valued at approximately $7,807,360.77. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Vail Resorts Stock Performance

Shares of MTN traded up $2.92 during trading hours on Wednesday, reaching $175.99. 645,592 shares of the company traded hands, compared to its average volume of 533,025. Vail Resorts, Inc. has a 1-year low of $165.14 and a 1-year high of $236.92. The stock has a market cap of $6.62 billion, a P/E ratio of 23.94, a price-to-earnings-growth ratio of 2.48 and a beta of 1.14. The stock’s fifty day moving average is $179.20 and its 200 day moving average is $190.75. The company has a debt-to-equity ratio of 2.04, a quick ratio of 1.08 and a current ratio of 1.18.

Vail Resorts (NYSE:MTN) last announced its quarterly earnings data on Thursday, September 26th. The company reported ($4.67) EPS for the quarter, missing analysts’ consensus estimates of ($4.28) by ($0.39). The firm had revenue of $265.39 million during the quarter, compared to the consensus estimate of $264.84 million. Vail Resorts had a return on equity of 20.33% and a net margin of 7.99%. Vail Resorts’s revenue was down 1.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($3.35) EPS. Equities research analysts anticipate that Vail Resorts, Inc. will post 8.16 earnings per share for the current fiscal year.

Vail Resorts Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 24th. Stockholders of record on Tuesday, October 8th will be given a dividend of $2.22 per share. The ex-dividend date of this dividend is Tuesday, October 8th. This represents a $8.88 annualized dividend and a dividend yield of 5.05%. Vail Resorts’s dividend payout ratio (DPR) is currently 120.82%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Macquarie restated a “neutral” rating and set a $180.00 price target on shares of Vail Resorts in a report on Wednesday. StockNews.com downgraded Vail Resorts from a “hold” rating to a “sell” rating in a research note on Friday, September 27th. Morgan Stanley raised their price objective on Vail Resorts from $179.00 to $182.00 and gave the company an “equal weight” rating in a research note on Wednesday, September 25th. JPMorgan Chase & Co. lowered shares of Vail Resorts from a “neutral” rating to an “underweight” rating and lowered their target price for the company from $217.00 to $176.00 in a research note on Friday, June 7th. Finally, Barclays decreased their price target on shares of Vail Resorts from $161.00 to $155.00 and set an “underweight” rating for the company in a report on Friday, September 27th. Three analysts have rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $208.22.

Institutional Trading of Vail Resorts

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Signaturefd LLC boosted its holdings in Vail Resorts by 150.9% during the second quarter. Signaturefd LLC now owns 138 shares of the company’s stock valued at $25,000 after purchasing an additional 83 shares in the last quarter. Quarry LP acquired a new stake in Vail Resorts in the 4th quarter valued at $35,000. Brown Brothers Harriman & Co. grew its position in Vail Resorts by 318.8% in the second quarter. Brown Brothers Harriman & Co. now owns 201 shares of the company’s stock valued at $36,000 after acquiring an additional 153 shares during the period. Canton Hathaway LLC raised its stake in Vail Resorts by 66.7% during the second quarter. Canton Hathaway LLC now owns 250 shares of the company’s stock worth $45,000 after acquiring an additional 100 shares in the last quarter. Finally, Triad Wealth Partners LLC bought a new position in shares of Vail Resorts during the second quarter valued at $51,000. Institutional investors own 94.94% of the company’s stock.

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.