RFG Advisory LLC Takes Position in Vail Resorts, Inc. $MTN

Key Points

• RFG Advisory LLC acquired a new stake in Vail Resorts, Inc., purchasing 5,704 shares valued at approximately $896,000 during the second quarter.
• Vail Resorts reported a loss of $5.08 earnings per share for the last quarter, missing analysts' expectations and showing a 2.2% increase in revenue compared to the same quarter last year.
• The company announced a quarterly dividend of $2.22 per share, resulting in an annualized dividend yield of 5.9%, despite a dividend payout ratio of 119.84%.

RFG Advisory LLC acquired a new stake in Vail Resorts, Inc. (NYSE:MTN - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 5,704 shares of the company's stock, valued at approximately $896,000.

Several other hedge funds and other institutional investors have also made changes to their positions in MTN. SouthState Corp acquired a new stake in Vail Resorts in the first quarter valued at approximately $29,000. Farther Finance Advisors LLC raised its holdings in Vail Resorts by 676.0% in the second quarter. Farther Finance Advisors LLC now owns 194 shares of the company's stock valued at $30,000 after acquiring an additional 169 shares in the last quarter. Signaturefd LLC raised its holdings in Vail Resorts by 217.6% in the second quarter. Signaturefd LLC now owns 216 shares of the company's stock valued at $34,000 after acquiring an additional 148 shares in the last quarter. Golden State Wealth Management LLC raised its holdings in Vail Resorts by 102.5% in the first quarter. Golden State Wealth Management LLC now owns 243 shares of the company's stock valued at $39,000 after acquiring an additional 123 shares in the last quarter. Finally, Alpine Bank Wealth Management acquired a new stake in Vail Resorts in the first quarter valued at approximately $40,000. Hedge funds and other institutional investors own 94.90% of the company's stock.

Vail Resorts Stock Up 1.7%

MTN stock opened at $149.74 on Friday. The company has a current ratio of 0.63, a quick ratio of 0.56 and a debt-to-equity ratio of 3.44. Vail Resorts, Inc. has a twelve month low of $129.85 and a twelve month high of $199.45. The company's 50 day moving average is $152.96 and its two-hundred day moving average is $151.91. The stock has a market cap of $5.37 billion, a P/E ratio of 20.21, a PEG ratio of 2.49 and a beta of 0.86.

Vail Resorts (NYSE:MTN - Get Free Report) last released its quarterly earnings data on Monday, September 29th. The company reported ($5.08) earnings per share for the quarter, missing analysts' consensus estimates of ($4.75) by ($0.33). The company had revenue of $271.29 million for the quarter, compared to analyst estimates of $272.87 million. Vail Resorts had a return on equity of 31.54% and a net margin of 9.45%.The firm's revenue for the quarter was up 2.2% compared to the same quarter last year. During the same period in the previous year, the business posted ($4.67) EPS. Research analysts expect that Vail Resorts, Inc. will post 7.62 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 Monday, October 27th. Stockholders of record on Thursday, October 9th will be given a dividend of $2.22 per share. The ex-dividend date is Thursday, October 9th. This represents a $8.88 dividend on an annualized basis and a dividend yield of 5.9%. Vail Resorts's dividend payout ratio (DPR) is 119.84%.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the stock. Zacks Research cut shares of Vail Resorts from a "hold" rating to a "strong sell" rating in a report on Wednesday, October 1st. Wall Street Zen cut shares of Vail Resorts from a "hold" rating to a "sell" rating in a report on Friday, October 3rd. Weiss Ratings cut shares of Vail Resorts from a "hold (c-)" rating to a "sell (d+)" rating in a report on Wednesday, October 8th. Mizuho reduced their target price on shares of Vail Resorts from $216.00 to $195.00 and set an "outperform" rating on the stock in a report on Tuesday, September 30th. Finally, Barclays cut their price objective on shares of Vail Resorts from $152.00 to $145.00 and set an "underweight" rating on the stock in a report on Tuesday, September 30th. Three research analysts have rated the stock with a Buy rating, six have given a Hold rating and three have issued a Sell rating to the company's stock. Based on data from MarketBeat, Vail Resorts has an average rating of "Hold" and an average target price of $174.90.

Insider Activity

In other Vail Resorts news, CFO Angela A. Korch bought 210 shares of the stock in a transaction dated Tuesday, October 7th. The shares were acquired at an average cost of $155.00 per share, for a total transaction of $32,550.00. Following the completion of the transaction, the chief financial officer owned 4,905 shares in the company, valued at approximately $760,275. The trade was a 4.47% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.20% 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.

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