Insider Buying: Vail Resorts, Inc. (NYSE:MTN) CFO Acquires 165 Shares of Stock

Vail Resorts, Inc. (NYSE:MTN) CFO Angela A. Korch acquired 165 shares of Vail Resorts stock in a transaction on Thursday, October 3rd. The shares were bought at an average cost of $173.09 per share, with a total value of $28,559.85. Following the completion of the purchase, the chief financial officer now owns 2,187 shares in the company, valued at $378,547.83. The trade was a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link.

Vail Resorts Price Performance

Shares of MTN stock traded down $0.81 during trading hours on Friday, hitting $173.25. The company’s stock had a trading volume of 478,001 shares, compared to its average volume of 532,108. The company has a current ratio of 0.82, a quick ratio of 0.71 and a debt-to-equity ratio of 2.62. The business has a fifty day moving average of $179.06 and a 200-day moving average of $190.64. Vail Resorts, Inc. has a twelve month low of $165.14 and a twelve month high of $236.92. The stock has a market cap of $6.52 billion, a price-to-earnings ratio of 23.35, a P/E/G ratio of 1.63 and a beta of 1.13.

Vail Resorts (NYSE:MTN) last posted 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). Vail Resorts had a return on equity of 20.76% and a net margin of 7.99%. The company had revenue of $265.39 million for the quarter, compared to analysts’ expectations of $264.84 million. During the same quarter in the prior year, the business posted ($3.35) EPS. The company’s revenue for the quarter was down 1.6% compared to the same quarter last year. As a group, equities research analysts anticipate that Vail Resorts, Inc. will post 7.52 EPS for the current year.

Vail Resorts Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 24th. Investors of record on Tuesday, October 8th will be given a $2.22 dividend. The ex-dividend date is Tuesday, October 8th. This represents a $8.88 annualized dividend and a dividend yield of 5.13%. Vail Resorts’s dividend payout ratio is presently 120.82%.

Institutional Investors Weigh In On Vail Resorts

A number of institutional investors have recently bought and sold shares of the stock. Sanctuary Advisors LLC acquired a new stake in Vail Resorts during the second quarter worth about $4,010,000. Dana Investment Advisors Inc. acquired a new stake in Vail Resorts during the 2nd quarter worth approximately $1,739,000. Aurora Investment Counsel raised its holdings in Vail Resorts by 24.6% in the second quarter. Aurora Investment Counsel now owns 12,812 shares of the company’s stock valued at $2,308,000 after buying an additional 2,532 shares during the period. Regal Investment Advisors LLC raised its holdings in Vail Resorts by 23.9% in the second quarter. Regal Investment Advisors LLC now owns 1,406 shares of the company’s stock valued at $253,000 after buying an additional 271 shares during the period. Finally, Algert Global LLC acquired a new position in Vail Resorts during the second quarter valued at approximately $689,000. 94.94% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

MTN has been the subject of several analyst reports. Mizuho cut their price target on Vail Resorts from $256.00 to $231.00 and set a “buy” rating for the company in a research note on Friday, June 7th. Barclays cut their price objective on shares of Vail Resorts from $161.00 to $155.00 and set an “underweight” rating for the company in a research report on Friday, September 27th. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Vail Resorts from $218.00 to $194.00 and set a “hold” rating on the stock in a report on Monday, September 16th. StockNews.com downgraded shares of Vail Resorts from a “hold” rating to a “sell” rating in a research report on Friday, September 27th. Finally, Macquarie reaffirmed a “neutral” rating and issued a $180.00 price objective on shares of Vail Resorts in a report on Wednesday. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, Vail Resorts currently has a consensus rating of “Hold” and an average target price of $208.22.

Vail Resorts Company Profile

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.