Angela Korch Acquires 210 Shares of Vail Resorts (NYSE:MTN) Stock

Key Points

• Angela Korch, CFO of Vail Resorts, acquired 210 shares of the company's stock at an average price of **$155.00** per share, increasing their ownership by **4.47%**.
• Vail Resorts reported a quarterly EPS of **($5.08)**, missing estimates, and achieved revenue of **$271.29 million**, showing a **2.2% year-over-year** growth.
• The company is set to distribute a **$2.22 per share** dividend, reflecting an annualized yield of **5.8%**, with a dividend payout ratio of **119.84%**.

Vail Resorts, Inc. (NYSE:MTN - Get Free Report) CFO Angela Korch acquired 210 shares of the firm's stock in a transaction dated Tuesday, October 7th. The shares were purchased at an average price of $155.00 per share, for a total transaction of $32,550.00. Following the completion of the transaction, the chief financial officer directly owned 4,905 shares in the company, valued at approximately $760,275. This trade represents a 4.47% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website.

Vail Resorts Price Performance

Shares of MTN stock traded down $3.89 on Tuesday, hitting $152.05. 769,456 shares of the stock traded hands, compared to its average volume of 908,131. The firm has a market cap of $5.46 billion, a price-to-earnings ratio of 20.52, a PEG ratio of 2.55 and a beta of 0.86. Vail Resorts, Inc. has a 52 week low of $129.85 and a 52 week high of $199.45. The firm has a 50 day simple moving average of $152.75 and a two-hundred day simple moving average of $152.35. The company has a debt-to-equity ratio of 3.44, a current ratio of 0.63 and a quick ratio of 0.56.

Vail Resorts (NYSE:MTN - Get Free Report) last announced its quarterly earnings data on Monday, September 29th. The company reported ($5.08) EPS for the quarter, missing the consensus estimate of ($4.75) by ($0.33). The firm had revenue of $271.29 million for the quarter, compared to the consensus estimate of $272.87 million. Vail Resorts had a net margin of 9.45% and a return on equity of 31.54%. The firm's revenue for the quarter was up 2.2% on a year-over-year basis. During the same quarter in the previous year, the business earned ($4.67) earnings per share. As a group, equities research analysts predict that Vail Resorts, Inc. will post 7.62 earnings per share for the current fiscal year.

Vail Resorts Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 27th. Stockholders of record on Thursday, October 9th will be given a dividend of $2.22 per share. This represents a $8.88 annualized dividend and a dividend yield of 5.8%. The ex-dividend date is Thursday, October 9th. Vail Resorts's dividend payout ratio (DPR) is presently 119.84%.

Analysts Set New Price Targets

Several equities analysts recently weighed in on MTN shares. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Vail Resorts in a research note on Saturday, September 27th. Morgan Stanley cut their target price on shares of Vail Resorts from $155.00 to $146.00 and set an "equal weight" rating for the company in a research note on Wednesday, October 1st. Barclays cut their target price on shares of Vail Resorts from $152.00 to $145.00 and set an "underweight" rating for the company in a research note on Tuesday, September 30th. Wall Street Zen cut shares of Vail Resorts from a "hold" rating to a "sell" rating in a research note on Friday. Finally, UBS Group cut their target price on shares of Vail Resorts from $185.00 to $169.00 and set a "neutral" rating for the company in a research note on Wednesday, June 11th. Three equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $174.90.

Institutional Investors Weigh In On Vail Resorts

Several large investors have recently added to or reduced their stakes in MTN. EverSource Wealth Advisors LLC raised its holdings in shares of Vail Resorts by 815.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 174 shares of the company's stock valued at $27,000 after purchasing an additional 155 shares in the last quarter. SouthState Corp bought a new position in shares of Vail Resorts during the 1st quarter worth approximately $29,000. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in shares of Vail Resorts by 196.8% during the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 187 shares of the company's stock worth $29,000 after acquiring an additional 124 shares in the last quarter. Farther Finance Advisors LLC raised its stake in shares of Vail Resorts by 676.0% during the 2nd quarter. Farther Finance Advisors LLC now owns 194 shares of the company's stock worth $30,000 after acquiring an additional 169 shares in the last quarter. Finally, Parkside Financial Bank & Trust raised its stake in shares of Vail Resorts by 222.7% during the 2nd quarter. Parkside Financial Bank & Trust now owns 213 shares of the company's stock worth $33,000 after acquiring an additional 147 shares in the last quarter. 94.90% of the stock is owned by hedge funds and other institutional investors.

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.

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