Vail Resorts, Inc. (NYSE:MTN) Director Michele Romanow purchased 225 shares of the firm’s stock in a transaction on Tuesday, December 19th. The stock was bought at an average price of $221.54 per share, for a total transaction of $49,846.50. Following the purchase, the director now owns 1,663 shares in the company, valued at $368,421.02. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
Shares of Vail Resorts, Inc. (NYSE MTN) traded up $1.38 during midday trading on Friday, hitting $217.01. 239,042 shares of the stock traded hands, compared to its average volume of 337,832. The company has a current ratio of 0.56, a quick ratio of 0.41 and a debt-to-equity ratio of 0.78. The firm has a market capitalization of $8,767.92, a price-to-earnings ratio of 36.84 and a beta of 0.45. Vail Resorts, Inc. has a 1-year low of $159.84 and a 1-year high of $237.77.
Vail Resorts (NYSE:MTN) last issued its earnings results on Thursday, December 7th. The company reported ($2.00) EPS for the quarter, missing analysts’ consensus estimates of ($1.90) by ($0.10). Vail Resorts had a return on equity of 12.28% and a net margin of 12.55%. The firm had revenue of $220.90 million for the quarter, compared to analysts’ expectations of $198.95 million. During the same period last year, the firm earned ($1.70) earnings per share. Vail Resorts’s revenue for the quarter was up 23.9% on a year-over-year basis. equities analysts expect that Vail Resorts, Inc. will post 6.85 EPS for the current fiscal year.
MTN has been the topic of several recent research reports. Deutsche Bank initiated coverage on shares of Vail Resorts in a research report on Wednesday, December 13th. They set a “buy” rating and a $265.00 target price on the stock. Zacks Investment Research downgraded shares of Vail Resorts from a “hold” rating to a “sell” rating in a report on Monday, December 11th. Stifel Nicolaus upped their target price on shares of Vail Resorts from $232.00 to $235.00 and gave the stock a “hold” rating in a research note on Friday, December 8th. Bank of America upped their target price on shares of Vail Resorts from $245.00 to $250.00 and gave the stock a “buy” rating in a research note on Friday, November 10th. Finally, MKM Partners reaffirmed a “buy” rating and issued a $266.00 price target (up previously from $264.00) on shares of Vail Resorts in a research report on Monday, October 2nd. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $252.22.
A number of hedge funds have recently modified their holdings of MTN. Tocqueville Asset Management L.P. increased its position in shares of Vail Resorts by 0.3% during the second quarter. Tocqueville Asset Management L.P. now owns 2,770 shares of the company’s stock valued at $562,000 after acquiring an additional 8 shares during the last quarter. Comerica Bank grew its holdings in shares of Vail Resorts by 0.6% in the second quarter. Comerica Bank now owns 1,789 shares of the company’s stock valued at $376,000 after purchasing an additional 10 shares in the last quarter. Raymond James Financial Services Advisors Inc. grew its holdings in shares of Vail Resorts by 2.1% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 2,016 shares of the company’s stock valued at $409,000 after purchasing an additional 41 shares in the last quarter. Renaissance Group LLC grew its holdings in shares of Vail Resorts by 2.4% in the second quarter. Renaissance Group LLC now owns 1,945 shares of the company’s stock valued at $395,000 after purchasing an additional 46 shares in the last quarter. Finally, Sii Investments Inc. WI grew its holdings in shares of Vail Resorts by 3.9% in the second quarter. Sii Investments Inc. WI now owns 1,590 shares of the company’s stock valued at $322,000 after purchasing an additional 60 shares in the last quarter. 94.43% of the stock is currently owned by institutional investors.
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About Vail Resorts
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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