Vail Resorts, Inc. (NYSE:MTN) Chairman Robert A. Katz sold 64,913 shares of the business’s stock in a transaction that occurred on Tuesday, June 11th. The shares were sold at an average price of $231.95, for a total value of $15,056,570.35. Following the transaction, the chairman now owns 425,729 shares of the company’s stock, valued at approximately $98,747,841.55. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
Shares of NYSE MTN traded up $3.93 during trading hours on Wednesday, reaching $236.04. The stock had a trading volume of 269,576 shares, compared to its average volume of 430,872. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.62 and a current ratio of 0.76. The firm has a market capitalization of $9.31 billion, a price-to-earnings ratio of 37.53, a PEG ratio of 2.26 and a beta of 0.70. Vail Resorts, Inc. has a 52-week low of $179.60 and a 52-week high of $302.76.
Vail Resorts (NYSE:MTN) last announced its quarterly earnings results on Thursday, June 6th. The company reported $7.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $7.03 by $0.09. The firm had revenue of $958.00 million during the quarter, compared to analyst estimates of $958.39 million. Vail Resorts had a return on equity of 18.25% and a net margin of 13.71%. Vail Resorts’s quarterly revenue was up 13.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $6.17 earnings per share. Analysts forecast that Vail Resorts, Inc. will post 7.01 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, July 11th. Investors of record on Wednesday, June 26th will be issued a $1.76 dividend. The ex-dividend date is Tuesday, June 25th. This represents a $7.04 dividend on an annualized basis and a dividend yield of 2.98%. Vail Resorts’s payout ratio is 111.92%.
Several research analysts have issued reports on MTN shares. KeyCorp boosted their target price on Vail Resorts from $210.00 to $225.00 and gave the company an “overweight” rating in a research report on Wednesday, March 6th. Zacks Investment Research upgraded Vail Resorts from a “sell” rating to a “hold” rating in a research report on Wednesday, March 13th. Jefferies Financial Group started coverage on Vail Resorts in a research report on Monday, April 22nd. They set a “hold” rating and a $233.00 target price for the company. Stifel Nicolaus boosted their target price on Vail Resorts from $215.00 to $219.00 and gave the company a “hold” rating in a research report on Monday, March 11th. Finally, SunTrust Banks started coverage on Vail Resorts in a research report on Friday, April 26th. They set a “buy” rating and a $242.00 target price for the company. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the company. Vail Resorts has an average rating of “Hold” and a consensus price target of $244.96.
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Marshall Wace North America L.P. purchased a new stake in shares of Vail Resorts in the first quarter valued at approximately $5,324,000. First Pacific Advisors LP purchased a new stake in Vail Resorts during the first quarter worth $3,844,000. Clearbridge Investments LLC purchased a new stake in Vail Resorts during the first quarter worth $48,145,000. Princeton Global Asset Management LLC lifted its holdings in Vail Resorts by 5.1% during the first quarter. Princeton Global Asset Management LLC now owns 4,077 shares of the company’s stock worth $886,000 after buying an additional 199 shares during the period. Finally, Allstate Corp purchased a new stake in Vail Resorts during the first quarter worth $335,000. Hedge funds and other institutional investors own 98.06% of the company’s stock.
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About Vail Resorts
Vail Resorts, Inc, through its subsidiaries, operates mountain resorts and urban ski areas in the United States. The company operates through three segments: Mountain, Lodging, and Real Estate. The Mountain segment operates 11 mountain resorts, including Vail Mountain, Breckenridge Ski, Keystone, and Beaver Creek resorts in Colorado; Park City resort in Utah; Heavenly Mountain, Northstar, and Kirkwood Mountain resorts in the Lake Tahoe area of California and Nevada; Whistler Blackcomb in Canada; Stowe Mountain resort in Vermont; and Perisher in Australia, as well as 3 urban ski areas, such as Wilmot Mountain in Wisconsin, Afton Alps in Minnesota, and Mount Brighton in Michigan.
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