Insider Buying: Vail Resorts, Inc. (NYSE:MTN) CFO Purchases $28,559.85 in Stock

Vail Resorts, Inc. (NYSE:MTN) CFO Angela A. Korch bought 165 shares of the business’s stock in a transaction on Thursday, October 3rd. The stock was bought at an average price of $173.09 per share, for a total transaction of $28,559.85. Following the completion of the purchase, the chief financial officer now directly owns 2,187 shares of the company’s stock, valued at $378,547.83. The trade was a 0.00 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Vail Resorts Stock Down 0.5 %

MTN opened at $173.22 on Monday. The company has a debt-to-equity ratio of 2.62, a quick ratio of 0.71 and a current ratio of 0.82. The company has a market capitalization of $6.52 billion, a PE ratio of 23.57, a P/E/G ratio of 1.63 and a beta of 1.13. The stock’s fifty day moving average is $178.83 and its 200-day moving average is $189.79. Vail Resorts, Inc. has a one year low of $165.14 and a one year high of $236.92.

Vail Resorts (NYSE:MTN) last issued its quarterly earnings results on Thursday, September 26th. The company reported ($4.67) earnings per share for the quarter, missing analysts’ consensus estimates of ($4.28) by ($0.39). Vail Resorts had a net margin of 7.99% and a return on equity of 20.76%. The business had revenue of $265.39 million during the quarter, compared to analyst estimates of $264.84 million. During the same period in the previous year, the company posted ($3.35) earnings per share. Vail Resorts’s revenue was down 1.6% compared to the same quarter last year. On average, equities analysts predict that Vail Resorts, Inc. will post 7.52 EPS for the current fiscal year.

Vail Resorts Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 24th. Investors of record on Tuesday, October 8th will be issued a dividend of $2.22 per share. This represents a $8.88 dividend on an annualized basis and a yield of 5.13%. The ex-dividend date of this dividend is Tuesday, October 8th. Vail Resorts’s payout ratio is 120.82%.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the stock. Morgan Stanley lifted their price objective on shares of Vail Resorts from $179.00 to $182.00 and gave the company an “equal weight” rating in a research report on Wednesday, September 25th. Barclays reduced their price objective on Vail Resorts from $161.00 to $155.00 and set an “underweight” rating for the company in a research report on Friday, September 27th. Deutsche Bank Aktiengesellschaft decreased their price objective on Vail Resorts from $218.00 to $194.00 and set a “hold” rating for the company in a report on Monday, September 16th. Macquarie reaffirmed a “neutral” rating and set a $180.00 target price on shares of Vail Resorts in a research note on Wednesday, October 2nd. Finally, StockNews.com cut Vail Resorts from a “hold” rating to a “sell” rating in a research note on Friday, September 27th. Three analysts have rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $208.22.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in MTN. Signaturefd LLC boosted its stake in shares of Vail Resorts by 150.9% during the 2nd quarter. Signaturefd LLC now owns 138 shares of the company’s stock worth $25,000 after acquiring an additional 83 shares in the last quarter. Quarry LP purchased a new stake in shares of Vail Resorts during the fourth quarter valued at $35,000. Brown Brothers Harriman & Co. lifted its holdings in shares of Vail Resorts by 318.8% during the second quarter. Brown Brothers Harriman & Co. now owns 201 shares of the company’s stock valued at $36,000 after purchasing an additional 153 shares during the last quarter. Canton Hathaway LLC boosted its position in shares of Vail Resorts by 66.7% in the 2nd quarter. Canton Hathaway LLC now owns 250 shares of the company’s stock valued at $45,000 after purchasing an additional 100 shares during the period. Finally, Triad Wealth Partners LLC purchased a new position in Vail Resorts in the 2nd quarter worth about $51,000. Institutional investors and hedge funds own 94.94% of the company’s stock.

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.