Vail Resorts (NYSE:MTN) CEO Robert Katz Purchases 37,500 Shares

Key Points

• Vail Resorts CEO Robert Katz bought 37,500 shares on March 16 at $131.81 each (~$4.94M), boosting his stake 15.13% to 285,312 shares valued at about $37.6M.
• Vail declared a quarterly dividend of $2.22 per share (ex-dividend March 26, payable April 9), annualized at $8.88 with a yield of ~6.7% and a payout ratio of 144.86%.
• The company missed quarterly expectations—EPS $5.87 vs. $6.06 expected and revenue $1.08B vs. $1.11B expected (revenue down 4.7% YoY)—and analysts hold a consensus rating of “Hold” with an average target of $165.00.

Vail Resorts, Inc. (NYSE:MTN - Get Free Report) CEO Robert Katz bought 37,500 shares of Vail Resorts stock in a transaction dated Monday, March 16th. The stock was purchased at an average price of $131.81 per share, with a total value of $4,942,875.00. Following the purchase, the chief executive officer directly owned 285,312 shares in the company, valued at approximately $37,606,974.72. This trade represents a 15.13% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available through this link.

Vail Resorts Stock Performance

Shares of NYSE:MTN traded up $0.76 during midday trading on Monday, hitting $132.50. The stock had a trading volume of 1,139,849 shares, compared to its average volume of 892,907. Vail Resorts, Inc. has a 1 year low of $126.15 and a 1 year high of $175.51. The company has a current ratio of 0.62, a quick ratio of 0.51 and a debt-to-equity ratio of 4.43. The stock has a 50 day moving average price of $137.64 and a two-hundred day moving average price of $144.29. The company has a market capitalization of $4.74 billion, a PE ratio of 21.62, a P/E/G ratio of 9.07 and a beta of 0.78.

Vail Resorts (NYSE:MTN - Get Free Report) last posted its quarterly earnings results on Monday, March 9th. The company reported $5.87 earnings per share (EPS) for the quarter, missing the consensus estimate of $6.06 by ($0.19). The firm 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 company's revenue for the quarter was down 4.7% on a year-over-year basis. During the same period in the prior year, the company earned $6.56 earnings per share. As a group, equities analysts predict that Vail Resorts, Inc. will post 7.62 earnings per share for the current fiscal year.

Vail Resorts Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 9th. Stockholders of record on Thursday, March 26th will be paid a dividend of $2.22 per share. This represents a $8.88 dividend on an annualized basis and a dividend yield of 6.7%. The ex-dividend date of this dividend is Thursday, March 26th. Vail Resorts's dividend payout ratio is 144.86%.

Analyst Ratings Changes

A number of research analysts recently weighed in on MTN shares. Wall Street Zen lowered Vail Resorts from a "hold" rating to a "sell" rating in a report on Saturday, January 10th. Barclays decreased their target price on shares of Vail Resorts from $140.00 to $138.00 and set an "underweight" rating on the stock in a research report on Tuesday, March 10th. Truist Financial lowered their price target on shares of Vail Resorts from $234.00 to $217.00 and set a "buy" rating on the stock in a research note on Tuesday, March 10th. Deutsche Bank Aktiengesellschaft cut their price target on shares of Vail Resorts from $159.00 to $151.00 and set a "hold" rating for the company in a report on Friday, March 6th. Finally, Wells Fargo & Company initiated coverage on shares of Vail Resorts in a research note on Wednesday, March 11th. They issued an "equal weight" rating and a $135.00 price objective for the company. Five research analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $165.00.

Hedge Funds Weigh In On Vail Resorts

Several hedge funds and other institutional investors have recently bought and sold shares of MTN. Clearstead Advisors LLC grew its holdings in Vail Resorts by 21.5% in the fourth quarter. Clearstead Advisors LLC now owns 424 shares of the company's stock valued at $56,000 after purchasing an additional 75 shares during the last quarter. Comerica Bank raised its stake in shares of Vail Resorts by 0.4% during the 3rd quarter. Comerica Bank now owns 17,552 shares of the company's stock worth $2,625,000 after buying an additional 78 shares during the last quarter. Xponance Inc. boosted its position in shares of Vail Resorts by 1.2% in the 3rd quarter. Xponance Inc. now owns 6,903 shares of the company's stock worth $1,032,000 after buying an additional 82 shares in the last quarter. Mitchell & Pahl Private Wealth LLC boosted its position in shares of Vail Resorts by 2.4% in the 3rd quarter. Mitchell & Pahl Private Wealth LLC now owns 3,722 shares of the company's stock worth $557,000 after buying an additional 87 shares in the last quarter. Finally, Provident Investment Management Inc. grew its stake in Vail Resorts by 1.6% in the 3rd quarter. Provident Investment Management Inc. now owns 5,821 shares of the company's stock valued at $871,000 after acquiring an additional 90 shares during the last quarter. 94.90% of the stock is owned by institutional investors and hedge funds.

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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