Vail Resorts, Inc. (MTN) CFO Sells $1,722,222.15 in Stock
Vail Resorts, Inc. (NYSE:MTN) CFO Michael Z. Barkin sold 7,953 shares of the company’s stock in a transaction dated Tuesday, October 10th. The shares were sold at an average price of $216.55, for a total value of $1,722,222.15. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
Shares of Vail Resorts, Inc. (NYSE:MTN) traded up 0.25% during midday trading on Wednesday, hitting $216.35. The company had a trading volume of 205,119 shares. Vail Resorts, Inc. has a 12-month low of $151.60 and a 12-month high of $232.71. The firm’s 50-day moving average is $224.84 and its 200-day moving average is $209.16. The firm has a market capitalization of $8.67 billion, a P/E ratio of 41.45 and a beta of 0.50.
Vail Resorts (NYSE:MTN) last announced its earnings results on Thursday, September 28th. The company reported ($1.43) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($1.81) by $0.38. Vail Resorts had a return on equity of 13.46% and a net margin of 11.04%. The business had revenue of $209.10 million for the quarter, compared to analyst estimates of $210.92 million. During the same quarter last year, the firm earned ($1.80) EPS. Vail Resorts’s revenue for the quarter was up 16.2% compared to the same quarter last year. On average, analysts predict that Vail Resorts, Inc. will post $6.25 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, October 27th. Investors of record on Tuesday, October 10th will be given a $1.053 dividend. This represents a $4.21 dividend on an annualized basis and a yield of 1.95%. The ex-dividend date is Friday, October 6th. Vail Resorts’s dividend payout ratio is presently 85.92%.
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A number of equities analysts have recently weighed in on the company. MKM Partners reiterated a “buy” rating and issued a $266.00 target price (up previously from $264.00) on shares of Vail Resorts in a report on Monday, October 2nd. Stifel Nicolaus reiterated a “buy” rating and issued a $232.00 target price (up previously from $229.00) on shares of Vail Resorts in a report on Monday, October 2nd. Zacks Investment Research upgraded Vail Resorts from a “sell” rating to a “hold” rating in a report on Friday, September 29th. KeyCorp reiterated an “overweight” rating and issued a $250.00 target price on shares of Vail Resorts in a report on Wednesday, August 30th. Finally, Janney Montgomery Scott reiterated a “buy” rating and issued a $260.00 target price (up previously from $245.00) on shares of Vail Resorts in a report on Friday, September 29th. One equities research analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $245.14.
Institutional investors have recently made changes to their positions in the stock. Toronto Dominion Bank acquired a new stake in Vail Resorts in the 2nd quarter valued at approximately $100,000. Commonwealth Bank of Australia grew its stake in Vail Resorts by 284.5% in the second quarter. Commonwealth Bank of Australia now owns 496 shares of the company’s stock valued at $100,000 after purchasing an additional 367 shares in the last quarter. Strs Ohio bought a new position in Vail Resorts in the second quarter valued at approximately $105,000. SG Americas Securities LLC bought a new position in Vail Resorts in the second quarter valued at approximately $117,000. Finally, Livforsakringsbolaget Skandia Omsesidigt bought a new position in Vail Resorts in the second quarter valued at approximately $162,000. 96.49% of the stock is currently owned by institutional investors and hedge funds.
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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