Vail Resorts Target of Unusually High Options Trading (MTN)

Vail Resorts, Inc. (NYSE:MTN) saw some unusual options trading activity on Monday. Investors bought 1,760 put options on the stock. This represents an increase of 682% compared to the typical daily volume of 225 put options.

A number of brokerages have recently issued reports on MTN. Bank of America raised their target price on shares of Vail Resorts from $245.00 to $250.00 and gave the stock a “buy” rating in a research report on Friday, November 10th. Stifel Nicolaus restated a “buy” rating and set a $232.00 target price (up from $229.00) on shares of Vail Resorts in a research report on Monday, October 2nd. MKM Partners restated a “buy” rating and set a $266.00 target price (up from $264.00) on shares of Vail Resorts in a research report on Monday, October 2nd. Zacks Investment Research upgraded shares of Vail Resorts from a “sell” rating to a “hold” rating in a research report on Friday, September 29th. Finally, Janney Montgomery Scott restated a “buy” rating and set a $260.00 target price (up from $245.00) on shares of Vail Resorts in a research report on Friday, September 29th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $252.22.

Vail Resorts (NYSE MTN) opened at $222.31 on Friday. The company has a current ratio of 0.56, a quick ratio of 0.41 and a debt-to-equity ratio of 0.78. The stock has a market cap of $8,980.00, a P/E ratio of 37.68 and a beta of 0.45. Vail Resorts has a 1 year low of $159.98 and a 1 year high of $237.77.

Vail Resorts (NYSE:MTN) last announced its earnings results on Thursday, December 7th. The company reported ($2.00) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.90) by ($0.10). Vail Resorts had a return on equity of 12.28% and a net margin of 12.55%. The business had revenue of $220.90 million for the quarter, compared to analysts’ expectations of $198.95 million. During the same quarter last year, the business posted ($1.70) earnings per share. The business’s revenue was up 23.9% on a year-over-year basis. research analysts predict that Vail Resorts will post 7.03 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 10th. Investors of record on Wednesday, December 27th were given a $1.053 dividend. The ex-dividend date was Tuesday, December 26th. This represents a $4.21 dividend on an annualized basis and a yield of 1.89%. Vail Resorts’s dividend payout ratio (DPR) is 71.36%.

In related news, Director Michele Romanow purchased 225 shares of the company’s stock in a transaction on Tuesday, December 19th. The shares were bought at an average cost of $221.54 per share, for a total transaction of $49,846.50. Following the completion of the purchase, the director now directly owns 1,663 shares of the company’s stock, valued at approximately $368,421.02. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Patricia A. Campbell sold 5,515 shares of the stock in a transaction that occurred on Thursday, October 19th. The shares were sold at an average price of $222.41, for a total transaction of $1,226,591.15. Following the completion of the transaction, the insider now owns 28,736 shares in the company, valued at $6,391,173.76. The disclosure for this sale can be found here. Corporate insiders own 3.30% of the company’s stock.

A number of large investors have recently bought and sold shares of MTN. Schwab Charles Investment Management Inc. grew its position in Vail Resorts by 4.9% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 144,245 shares of the company’s stock valued at $29,258,000 after buying an additional 6,755 shares during the last quarter. SG Americas Securities LLC purchased a new position in Vail Resorts in the 2nd quarter valued at $117,000. Comerica Bank grew its position in Vail Resorts by 0.6% in the 2nd quarter. Comerica Bank now owns 1,789 shares of the company’s stock valued at $376,000 after buying an additional 10 shares during the last quarter. Marshall Wace North America L.P. purchased a new position in Vail Resorts in the 2nd quarter valued at $236,000. Finally, Prudential Financial Inc. grew its position in Vail Resorts by 12.3% in the 2nd quarter. Prudential Financial Inc. now owns 2,290 shares of the company’s stock valued at $464,000 after buying an additional 250 shares during the last quarter. Hedge funds and other institutional investors own 93.52% of the company’s stock.

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About Vail Resorts

Vail Resorts, Inc is a holding company. The Company operates through three segments: Mountain, Lodging and Real Estate. Its Mountain segment operates over 10 mountain resort properties and approximately three urban ski areas, as well as ancillary services, primarily including, ski school, dining, and retail/rental operations.

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