117,085 Shares in Vail Resorts, Inc. $MTN Acquired by Rice Hall James & Associates LLC

Key Points

• Rice Hall James & Associates acquired 117,085 shares of Vail Resorts, valued at approximately $15.9 million, giving it a 0.33% stake. Institutional investors collectively own 94.9% of the company.
• Analysts maintain a consensus “Hold” rating, with an average price target of $149.83. Recent targets ranged from $119 to $195, reflecting mixed views on the stock.
• Vail Resorts reported quarterly revenue of $1.21 billion, up slightly from estimates, but earnings of $8.81 per share missed forecasts and revenue declined 7% year over year. The company also declared an annualized dividend of $8.88 per share, yielding about 6.1%.

Rice Hall James & Associates LLC purchased a new stake in shares of Vail Resorts, Inc. (NYSE:MTN - Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 117,085 shares of the company's stock, valued at approximately $15,941,000. Rice Hall James & Associates LLC owned approximately 0.33% of Vail Resorts at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the business. Capital World Investors increased its stake in shares of Vail Resorts by 6.1% in the fourth quarter. Capital World Investors now owns 3,196,445 shares of the company's stock valued at $424,488,000 after buying an additional 182,982 shares in the last quarter. Oasis Management Co Ltd. raised its holdings in shares of Vail Resorts by 8.3% in the fourth quarter. Oasis Management Co Ltd. now owns 1,851,234 shares of the company's stock valued at $245,844,000 after buying an additional 141,500 shares during the last quarter. The Manufacturers Life Insurance Company raised its holdings in shares of Vail Resorts by 26.0% in the first quarter. The Manufacturers Life Insurance Company now owns 976,732 shares of the company's stock valued at $125,334,000 after buying an additional 201,750 shares during the last quarter. UBS Group AG lifted its position in Vail Resorts by 22.4% during the 3rd quarter. UBS Group AG now owns 713,531 shares of the company's stock worth $106,723,000 after buying an additional 130,460 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in Vail Resorts by 13.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 680,278 shares of the company's stock worth $90,342,000 after buying an additional 78,970 shares in the last quarter. Institutional investors own 94.90% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the stock. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Vail Resorts from $143.00 to $134.00 and set a "hold" rating for the company in a research report on Tuesday, June 9th. Barclays reduced their target price on shares of Vail Resorts from $138.00 to $119.00 and set an "underweight" rating on the stock in a research report on Tuesday, June 9th. Mizuho set a $174.00 price target on shares of Vail Resorts in a research note on Tuesday, June 9th. Truist Financial dropped their price objective on shares of Vail Resorts from $212.00 to $195.00 and set a "buy" rating for the company in a research report on Tuesday, June 9th. Finally, UBS Group restated a "neutral" rating on shares of Vail Resorts in a research report on Tuesday, June 9th. Five research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and three have assigned a Sell rating to the company's stock. Based on data from MarketBeat, Vail Resorts presently has a consensus rating of "Hold" and an average target price of $149.83.

Vail Resorts Price Performance

Shares of MTN stock opened at $146.26 on Tuesday. The stock has a 50-day moving average price of $144.26 and a 200 day moving average price of $136.22. The company has a quick ratio of 0.79, a current ratio of 0.91 and a debt-to-equity ratio of 3.22. The firm has a market cap of $5.21 billion, a price-to-earnings ratio of 33.24, a PEG ratio of 9.78 and a beta of 0.70. Vail Resorts, Inc. has a 12 month low of $118.51 and a 12 month high of $165.50.

Vail Resorts (NYSE:MTN - Get Free Report) last released its earnings results on Monday, June 8th. The company reported $8.81 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $8.97 by ($0.16). Vail Resorts had a net margin of 5.38% and a return on equity of 21.88%. The business had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.20 billion. During the same quarter in the previous year, the company posted $10.54 earnings per share. The business's revenue for the quarter was down 7.0% on a year-over-year basis. Research analysts expect that Vail Resorts, Inc. will post 4.32 EPS for the current year.

Vail Resorts Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 9th. Investors of record on Thursday, June 25th were paid a dividend of $2.22 per share. This represents a $8.88 dividend on an annualized basis and a dividend yield of 6.1%. The ex-dividend date of this dividend was Thursday, June 25th. Vail Resorts's payout ratio is 201.82%.

Vail Resorts Company Profile

Vail Resorts, Inc is a leading mountain resort company that owns and operates an integrated network of ski areas, hotels, restaurants and retail outlets. The company's signature Epic Pass program offers skiers and snowboarders season‐long access to its portfolio of resorts, while ancillary services such as ski and snowboard schools, equipment rental and retail drive additional revenue.

Headquartered in Broomfield, Colorado, Vail Resorts was formed in 1997, building on the legacy of Vail Associates, which opened the Vail ski area in 1962.

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