Boothbay Fund Management LLC Raises Stock Position in Vail Resorts, Inc. $MTN

Key Points

• Boothbay Fund Management increased its stake in Vail Resorts (NYSE:MTN) by 11.6% in Q3, adding 9,497 shares to hold 91,086 shares (about 0.25% of the company) valued at $13,624,000.
• Vail missed Q results as weather hurt demand, reporting EPS $5.87 vs. $6.06 expected and revenue of $1.08B (down 4.7% YoY), prompting mixed analyst reactions and several lowered price targets.
• The company declared a quarterly dividend of $2.22 (annualized $8.88), implying a 6.8% yield and a payout ratio of 144.86%, indicating dividends are high relative to current earnings.

Boothbay Fund Management LLC raised its stake in shares of Vail Resorts, Inc. (NYSE:MTN - Free Report) by 11.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 91,086 shares of the company's stock after purchasing an additional 9,497 shares during the period. Boothbay Fund Management LLC owned 0.25% of Vail Resorts worth $13,624,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. BOKF NA lifted its stake in Vail Resorts by 833.3% in the 3rd quarter. BOKF NA now owns 168 shares of the company's stock valued at $25,000 after buying an additional 150 shares in the last quarter. NBT Bank N A NY increased its stake in Vail Resorts by 450.0% during the 3rd quarter. NBT Bank N A NY now owns 176 shares of the company's stock worth $26,000 after buying an additional 144 shares in the last quarter. EverSource Wealth Advisors LLC increased its stake in Vail Resorts by 815.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 174 shares of the company's stock worth $27,000 after buying an additional 155 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in shares of Vail Resorts by 196.8% during the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 187 shares of the company's stock valued at $29,000 after acquiring an additional 124 shares during the last quarter. Finally, Elevation Point Wealth Partners LLC acquired a new position in shares of Vail Resorts during the second quarter valued at approximately $33,000. Institutional investors and hedge funds own 94.90% of the company's stock.

Vail Resorts Price Performance

NYSE:MTN opened at $131.54 on Friday. Vail Resorts, Inc. has a 52 week low of $126.15 and a 52 week high of $175.51. The stock's fifty day moving average is $137.64 and its two-hundred day moving average is $144.42. The company has a market capitalization of $4.71 billion, a P/E ratio of 21.46, a P/E/G ratio of 8.63 and a beta of 0.78. The company has a quick ratio of 0.46, a current ratio of 0.62 and a debt-to-equity ratio of 4.43.

Vail Resorts (NYSE:MTN - Get Free Report) last posted its quarterly earnings data on Monday, March 9th. The company reported $5.87 earnings per share for the quarter, missing analysts' consensus estimates of $6.06 by ($0.19). The company had revenue of $1.08 billion for the quarter, compared to analysts' expectations of $1.11 billion. Vail Resorts had a return on equity of 29.72% and a net margin of 7.89%.The business's revenue for the quarter was down 4.7% on a year-over-year basis. During the same period in the previous year, the business posted $6.56 EPS. Equities analysts expect that Vail Resorts, Inc. will post 7.62 EPS for the current year.

Vail Resorts Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 9th. Investors of record on Thursday, March 26th will be paid a $2.22 dividend. The ex-dividend date is Thursday, March 26th. This represents a $8.88 dividend on an annualized basis and a yield of 6.8%. Vail Resorts's payout ratio is currently 144.86%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on MTN shares. Stifel Nicolaus lowered their price target on Vail Resorts from $175.00 to $172.00 and set a "buy" rating on the stock in a research note on Tuesday, March 10th. Deutsche Bank Aktiengesellschaft reduced their price objective on Vail Resorts from $159.00 to $151.00 and set a "hold" rating for the company in a research note on Friday, March 6th. Weiss Ratings cut shares of Vail Resorts from a "hold (c-)" rating to a "sell (d+)" rating in a research note on Tuesday. Zacks Research raised shares of Vail Resorts from a "strong sell" rating to a "hold" rating in a report on Thursday, December 11th. Finally, UBS Group reiterated a "neutral" rating and issued a $169.00 target price on shares of Vail Resorts in a research report on Friday, January 16th. Five analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $165.00.

Vail Resorts News Roundup

Here are the key news stories impacting Vail Resorts this week:

• Positive Sentiment: Some analyst targets still imply upside versus the current price — JPMorgan trimmed its price target but it remains above the current market level, suggesting there is still potential upside if conditions normalize. JPMorgan Lowers Vail Resorts Price Target
• Neutral Sentiment: Wells Fargo initiated coverage with an equal-weight rating; initiation brings more analyst attention but the equal-weight stance is not a buy signal. Wells Fargo Coverage Initiated at Vail Resorts
• Neutral Sentiment: Market commentary highlights that a warm winter hurt Vail’s results and investor sentiment is mixed—broader market resilience may limit downside but weather-driven volatility remains a key risk. Warm winter hit Vail's earnings
• Negative Sentiment: Operational results: weak snowfall and softer winter demand were cited as drivers of a disappointing quarter, directly weighing on revenue and margins. That weather-related miss is the clearest near-term earnings risk. Weak snowfall hits quarterly results
• Negative Sentiment: Multiple brokers cut expectations or issued pessimistic notes (Barclays, Stifel Nicolaus, Truist), amplifying downside pressure by lowering analyst appetite and reducing implied targets. Barclays Lowers Expectations Stifel Nicolaus Forecast Truist Forecast
• Negative Sentiment: Morgan Stanley lowered its price target (from $151 to $147) and holds an equal-weight rating — another signal of tepid conviction that can reduce buying interest. Morgan Stanley Lowers Price Target

About Vail Resorts

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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