TD Waterhouse Canada Inc. Has $2.55 Million Position in Vail Resorts, Inc. $MTN

TD Waterhouse Canada Inc. raised its holdings in Vail Resorts, Inc. (NYSE:MTN) by 376.3% during the third quarter, Holdings Channel.com reports. The fund owned 16,584 shares of the company’s stock after purchasing an additional 13,102 shares during the period. TD Waterhouse Canada Inc.’s holdings in Vail Resorts were worth $2,553,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Goldman Sachs Group Inc. lifted its stake in shares of Vail Resorts by 2.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 121,123 shares of the company’s stock valued at $19,382,000 after purchasing an additional 3,440 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Vail Resorts by 1.9% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 148,235 shares of the company’s stock worth $23,721,000 after purchasing an additional 2,824 shares during the period. Wealth Enhancement Advisory Services LLC bought a new stake in Vail Resorts in the second quarter valued at about $273,000. Farther Finance Advisors LLC increased its holdings in Vail Resorts by 676.0% in the second quarter. Farther Finance Advisors LLC now owns 194 shares of the company’s stock valued at $30,000 after purchasing an additional 169 shares during the last quarter. Finally, Signaturefd LLC lifted its stake in Vail Resorts by 217.6% in the second quarter. Signaturefd LLC now owns 216 shares of the company’s stock valued at $34,000 after buying an additional 148 shares during the period. Institutional investors own 94.90% of the company’s stock.

Vail Resorts Stock Up 1.2%

Vail Resorts stock opened at $133.03 on Friday. The company has a 50 day moving average of $141.28 and a 200-day moving average of $148.12. The company has a quick ratio of 0.46, a current ratio of 0.54 and a debt-to-equity ratio of 5.52. Vail Resorts, Inc. has a twelve month low of $129.41 and a twelve month high of $175.51. The stock has a market capitalization of $4.76 billion, a PE ratio of 19.51, a price-to-earnings-growth ratio of 7.98 and a beta of 0.81.

Vail Resorts (NYSE:MTN) last issued its quarterly earnings data on Wednesday, December 10th. The company reported ($5.20) EPS for the quarter, topping analysts’ consensus estimates of ($5.23) by $0.03. The business had revenue of $271.03 million for the quarter, compared to analyst estimates of $273.35 million. Vail Resorts had a net margin of 8.94% and a return on equity of 32.51%. The firm’s quarterly revenue was up 4.1% on a year-over-year basis. During the same period last year, the business posted ($4.61) earnings per share. On average, equities research analysts anticipate that Vail Resorts, Inc. will post 7.62 EPS for the current fiscal year.

Vail Resorts Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, January 12th. Stockholders of record on Tuesday, December 30th were issued a $2.22 dividend. This represents a $8.88 dividend on an annualized basis and a dividend yield of 6.7%. The ex-dividend date was Tuesday, December 30th. Vail Resorts’s payout ratio is 130.21%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. UBS Group restated a “neutral” rating and set a $169.00 target price on shares of Vail Resorts in a research report on Friday, January 16th. Weiss Ratings reissued a “hold (c-)” rating on shares of Vail Resorts in a research note on Monday, December 29th. Zacks Research raised shares of Vail Resorts from a “strong sell” rating to a “hold” rating in a research note on Thursday, December 11th. Truist Financial cut their target price on shares of Vail Resorts from $237.00 to $234.00 and set a “buy” rating on the stock in a report on Monday, December 29th. Finally, Jefferies Financial Group raised shares of Vail Resorts from a “hold” rating to a “buy” rating and boosted their price target for the company from $159.00 to $165.00 in a report on Tuesday, January 13th. Four investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $173.73.

About Vail Resorts

Vail Resorts, Inc is a leading mountain resort company that owns and operates an integrated network of ski areas, hotels, restaurants and retail outlets. The company’s signature Epic Pass program offers skiers and snowboarders season‐long access to its portfolio of resorts, while ancillary services such as ski and snowboard schools, equipment rental and retail drive additional revenue.

Headquartered in Broomfield, Colorado, Vail Resorts was formed in 1997, building on the legacy of Vail Associates, which opened the Vail ski area in 1962.