Vail Resorts, Inc. (NYSE:MTN) CFO Michael Z. Barkin sold 2,695 shares of the firm’s stock in a transaction dated Tuesday, March 13th. The shares were sold at an average price of $222.45, for a total value of $599,502.75. Following the completion of the sale, the chief financial officer now directly owns 18,058 shares in the company, valued at approximately $4,017,002.10. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
Vail Resorts, Inc. (MTN) opened at $226.90 on Friday. The company has a current ratio of 0.73, a quick ratio of 0.58 and a debt-to-equity ratio of 0.63. The company has a market capitalization of $9,114.61, a PE ratio of 40.79 and a beta of 0.55. Vail Resorts, Inc. has a 1 year low of $183.85 and a 1 year high of $237.77.
Vail Resorts (NYSE:MTN) last announced its quarterly earnings data on Thursday, March 8th. The company reported $4.12 EPS for the quarter, beating the consensus estimate of $3.55 by $0.57. The firm had revenue of $734.58 million for the quarter, compared to analyst estimates of $716.72 million. Vail Resorts had a return on equity of 13.17% and a net margin of 16.91%. The company’s revenue was up 1.3% on a year-over-year basis. During the same period in the prior year, the company earned $3.63 EPS. sell-side analysts anticipate that Vail Resorts, Inc. will post 8.95 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 11th. Stockholders of record on Tuesday, March 27th will be given a dividend of $1.47 per share. The ex-dividend date of this dividend is Monday, March 26th. This is a positive change from Vail Resorts’s previous quarterly dividend of $1.05. This represents a $5.88 annualized dividend and a dividend yield of 2.59%. Vail Resorts’s dividend payout ratio is 53.09%.
Several analysts have weighed in on the company. Deutsche Bank reaffirmed a “buy” rating and issued a $265.00 price target on shares of Vail Resorts in a report on Thursday, February 1st. Stifel Nicolaus raised their price target on Vail Resorts from $232.00 to $235.00 and gave the company a “hold” rating in a report on Friday, December 8th. Zacks Investment Research cut Vail Resorts from a “buy” rating to a “hold” rating in a report on Wednesday, November 29th. Finally, MKM Partners lowered their price target on Vail Resorts to $252.00 and set a “buy” rating on the stock in a report on Tuesday, January 16th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $250.67.
Institutional investors have recently made changes to their positions in the company. Cerebellum GP LLC bought a new position in shares of Vail Resorts during the 4th quarter valued at about $114,000. CENTRAL TRUST Co increased its position in shares of Vail Resorts by 3,147.1% during the 4th quarter. CENTRAL TRUST Co now owns 552 shares of the company’s stock valued at $117,000 after purchasing an additional 535 shares during the last quarter. Benjamin F. Edwards & Company Inc. increased its position in shares of Vail Resorts by 579.8% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 571 shares of the company’s stock valued at $121,000 after purchasing an additional 487 shares during the last quarter. Elkfork Partners LLC bought a new position in shares of Vail Resorts during the 4th quarter valued at about $121,000. Finally, Aviance Capital Management LLC bought a new position in shares of Vail Resorts during the 4th quarter valued at about $138,000. Hedge funds and other institutional investors own 95.77% of the company’s stock.
Vail Resorts Company Profile
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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