Vail Resorts, Inc. (NYSE:MTN) CFO Angela A. Korch Acquires 200 Shares

Vail Resorts, Inc. (NYSE:MTN - Get Free Report) CFO Angela A. Korch bought 200 shares of Vail Resorts stock in a transaction dated Friday, June 20th. The stock was acquired at an average price of $157.00 per share, with a total value of $31,400.00. Following the acquisition, the chief financial officer now directly owns 3,156 shares of the company's stock, valued at approximately $495,492. This represents a 6.77% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Vail Resorts Stock Up 1.3%

Shares of Vail Resorts stock traded up $1.96 during trading hours on Monday, reaching $158.57. 1,122,857 shares of the company's stock were exchanged, compared to its average volume of 592,199. The company has a 50 day moving average of $147.87 and a two-hundred day moving average of $161.41. Vail Resorts, Inc. has a fifty-two week low of $129.85 and a fifty-two week high of $199.45. The company has a current ratio of 0.61, a quick ratio of 0.54 and a debt-to-equity ratio of 1.70. The stock has a market cap of $5.89 billion, a P/E ratio of 20.28, a P/E/G ratio of 1.94 and a beta of 0.91.

Vail Resorts (NYSE:MTN - Get Free Report) last posted its quarterly earnings data on Thursday, June 5th. The company reported $10.54 EPS for the quarter, topping analysts' consensus estimates of $10.00 by $0.54. Vail Resorts had a net margin of 9.81% and a return on equity of 30.25%. The company had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.31 billion. During the same period in the prior year, the business posted $9.54 EPS. The company's quarterly revenue was up 1.0% on a year-over-year basis. On average, sell-side analysts forecast that Vail Resorts, Inc. will post 7.62 EPS for the current fiscal year.

Vail Resorts Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 9th. Shareholders of record on Tuesday, June 24th will be given a dividend of $2.22 per share. The ex-dividend date is Tuesday, June 24th. This represents a $8.88 annualized dividend and a yield of 5.60%. Vail Resorts's dividend payout ratio (DPR) is presently 113.55%.

Analyst Ratings Changes

Several analysts recently issued reports on MTN shares. UBS Group cut their price objective on Vail Resorts from $185.00 to $169.00 and set a "neutral" rating for the company in a report on Wednesday, June 11th. JPMorgan Chase & Co. raised shares of Vail Resorts from an "underweight" rating to a "neutral" rating and set a $167.00 target price on the stock in a research report on Wednesday, May 28th. Mizuho increased their target price on shares of Vail Resorts from $215.00 to $216.00 and gave the stock an "outperform" rating in a research report on Friday, June 6th. Barclays reissued an "underweight" rating and set a $152.00 target price (down from $165.00) on shares of Vail Resorts in a research report on Monday, March 10th. Finally, Morgan Stanley reissued an "equal weight" rating on shares of Vail Resorts in a research report on Friday, June 6th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $187.20.

Institutional Investors Weigh In On Vail Resorts

Hedge funds have recently bought and sold shares of the stock. Heck Capital Advisors LLC bought a new stake in shares of Vail Resorts in the fourth quarter valued at approximately $33,000. SouthState Corp bought a new stake in shares of Vail Resorts in the first quarter valued at approximately $29,000. Golden State Wealth Management LLC boosted its stake in shares of 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 buying an additional 123 shares during the period. Alpine Bank Wealth Management bought a new stake in shares of Vail Resorts in the first quarter valued at approximately $40,000. Finally, GAMMA Investing LLC boosted its stake in shares of Vail Resorts by 75.3% in the first quarter. GAMMA Investing LLC now owns 270 shares of the company's stock valued at $43,000 after buying an additional 116 shares during the period. 94.94% of the stock is currently owned by institutional investors and hedge funds.

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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