Vail Resorts, Inc. (NYSE:MTN) Director John F. Sorte Sells 1,670 Shares

Vail Resorts, Inc. (NYSE:MTN) Director John F. Sorte sold 1,670 shares of Vail Resorts stock in a transaction dated Wednesday, October 2nd. The stock was sold at an average price of $173.07, for a total value of $289,026.90. Following the sale, the director now directly owns 45,111 shares of the company’s stock, valued at approximately $7,807,360.77. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Vail Resorts Stock Down 1.0 %

NYSE MTN opened at $174.08 on Friday. The business’s fifty day simple moving average is $179.20 and its 200-day simple moving average is $190.75. The company has a quick ratio of 1.08, a current ratio of 1.18 and a debt-to-equity ratio of 2.04. The firm has a market cap of $6.55 billion, a PE ratio of 23.68, a P/E/G ratio of 2.48 and a beta of 1.13. Vail Resorts, Inc. has a 52 week low of $165.14 and a 52 week high of $236.92.

Vail Resorts (NYSE:MTN) last issued its earnings results on Thursday, September 26th. The company reported ($4.67) EPS for the quarter, missing analysts’ consensus estimates of ($4.28) by ($0.39). Vail Resorts had a return on equity of 20.33% and a net margin of 7.99%. The firm had revenue of $265.39 million for the quarter, compared to analysts’ expectations of $264.84 million. During the same period last year, the firm earned ($3.35) earnings per share. Vail Resorts’s revenue for the quarter was down 1.6% on a year-over-year basis. As a group, equities analysts anticipate that Vail Resorts, Inc. will post 8.16 earnings per share for the current year.

Vail Resorts Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 24th. Investors of record on Tuesday, October 8th will be given a $2.22 dividend. The ex-dividend date is Tuesday, October 8th. This represents a $8.88 annualized dividend and a yield of 5.10%. Vail Resorts’s payout ratio is 120.82%.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Mizuho dropped their price objective on shares of Vail Resorts from $256.00 to $231.00 and set a “buy” rating on the stock in a report on Friday, June 7th. Macquarie restated a “neutral” rating and set a $180.00 price target on shares of Vail Resorts in a research report on Wednesday. Morgan Stanley lifted their price target on Vail Resorts from $179.00 to $182.00 and gave the company an “equal weight” rating in a research note on Wednesday, September 25th. StockNews.com cut shares of Vail Resorts from a “hold” rating to a “sell” rating in a research note on Friday, September 27th. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Vail Resorts from $218.00 to $194.00 and set a “hold” rating for the company in a research report on Monday, September 16th. 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 data from MarketBeat.com, Vail Resorts currently has an average rating of “Hold” and a consensus target price of $208.22.

Institutional Investors Weigh In On Vail Resorts

A number of institutional investors and hedge funds have recently added to or reduced their stakes in MTN. TD Asset Management Inc increased its position in shares of Vail Resorts by 16.9% during the 4th quarter. TD Asset Management Inc now owns 21,413 shares of the company’s stock worth $4,571,000 after purchasing an additional 3,096 shares during the last quarter. Bank of Nova Scotia raised its stake in shares of Vail Resorts by 93.1% in the 4th quarter. Bank of Nova Scotia now owns 1,840 shares of the company’s stock valued at $393,000 after acquiring an additional 887 shares during the period. Oppenheimer & Co. Inc. lifted its holdings in shares of Vail Resorts by 4.4% in the 4th quarter. Oppenheimer & Co. Inc. now owns 15,067 shares of the company’s stock worth $3,216,000 after acquiring an additional 632 shares during the last quarter. Public Employees Retirement Association of Colorado boosted its position in shares of Vail Resorts by 102.1% during the 4th quarter. Public Employees Retirement Association of Colorado now owns 94,467 shares of the company’s stock worth $20,166,000 after purchasing an additional 47,733 shares during the period. Finally, Baldwin Investment Management LLC acquired a new stake in Vail Resorts in the 4th quarter valued at approximately $465,000. Hedge funds and other institutional investors 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.