Vail Resorts, Inc. (NYSE:MTN) Director Sells $289,026.90 in Stock

Vail Resorts, Inc. (NYSE:MTN) Director John F. Sorte sold 1,670 shares of the stock in a transaction dated Wednesday, October 2nd. The shares were sold at an average price of $173.07, for a total transaction of $289,026.90. Following the transaction, the director now directly owns 45,111 shares of the company’s stock, valued at $7,807,360.77. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Vail Resorts Price Performance

Vail Resorts stock opened at $173.25 on Friday. The firm has a market capitalization of $6.52 billion, a PE ratio of 23.57, a price-to-earnings-growth ratio of 1.63 and a beta of 1.13. Vail Resorts, Inc. has a 12-month low of $165.14 and a 12-month high of $236.92. The firm has a 50-day moving average price of $179.06 and a 200-day moving average price of $190.64. The company has a current ratio of 0.82, a quick ratio of 0.71 and a debt-to-equity ratio of 2.62.

Vail Resorts (NYSE:MTN) last announced its earnings results on Thursday, September 26th. The company reported ($4.67) earnings per share (EPS) for the quarter, missing the consensus estimate 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 for the quarter, compared to analysts’ expectations of $264.84 million. During the same quarter last year, the firm earned ($3.35) EPS. The firm’s quarterly revenue was down 1.6% on a year-over-year basis. As a group, equities research analysts forecast that Vail Resorts, Inc. will post 7.52 EPS for the current year.

Vail Resorts Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. StockNews.com lowered Vail Resorts from a “hold” rating to a “sell” rating in a research note on Friday, September 27th. Barclays cut their target price on shares of Vail Resorts from $161.00 to $155.00 and set an “underweight” rating for the company in a report on Friday, September 27th. Macquarie reaffirmed a “neutral” rating and set a $180.00 price target on shares of Vail Resorts in a research note on Wednesday. Morgan Stanley increased 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. Finally, Mizuho decreased their target price on shares of Vail Resorts from $256.00 to $231.00 and set a “buy” rating on the stock in a research report on Friday, June 7th. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, Vail Resorts currently has an average rating of “Hold” and a consensus target price of $208.22.

Institutional Trading of Vail Resorts

Several institutional investors and hedge funds have recently made changes to their positions in MTN. Sanctuary Advisors LLC bought a new stake in Vail Resorts during the 2nd quarter valued at about $4,010,000. Dana Investment Advisors Inc. bought a new stake in shares of Vail Resorts during the second quarter valued at approximately $1,739,000. Aurora Investment Counsel boosted its holdings in shares of Vail Resorts by 24.6% in the second quarter. Aurora Investment Counsel now owns 12,812 shares of the company’s stock valued at $2,308,000 after purchasing an additional 2,532 shares during the period. Regal Investment Advisors LLC grew its stake in Vail Resorts by 23.9% in the second quarter. Regal Investment Advisors LLC now owns 1,406 shares of the company’s stock worth $253,000 after purchasing an additional 271 shares in the last quarter. Finally, Algert Global LLC purchased a new position in Vail Resorts during the 2nd quarter worth $689,000. 94.94% of the stock is currently owned by institutional investors.

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.