Hodges Capital Management Inc. Makes New Investment in Vail Resorts, Inc. $MTN

Hodges Capital Management Inc. bought a new position in Vail Resorts, Inc. (NYSE:MTN) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 45,610 shares of the company’s stock, valued at approximately $5,853,000. Hodges Capital Management Inc. owned about 0.13% of Vail Resorts as of its most recent filing with the SEC.

Other hedge funds have also added to or reduced their stakes in the company. Abel Hall LLC lifted its stake in shares of Vail Resorts by 54.5% in the 1st quarter. Abel Hall LLC now owns 5,605 shares of the company’s stock worth $719,000 after purchasing an additional 1,978 shares during the period. First Dallas Securities Inc. purchased a new position in Vail Resorts in the 1st quarter worth approximately $828,000. Private Advisor Group LLC boosted its position in shares of Vail Resorts by 4.4% during the first quarter. Private Advisor Group LLC now owns 6,248 shares of the company’s stock worth $802,000 after acquiring an additional 265 shares during the last quarter. Leonteq Securities AG boosted its holdings in shares of Vail Resorts by 52.5% during the 1st quarter. Leonteq Securities AG now owns 540 shares of the company’s stock valued at $69,000 after purchasing an additional 186 shares during the last quarter. Finally, Jamison Private Wealth Management Inc. purchased a new position in Vail Resorts during the 1st quarter valued at approximately $355,000. 94.90% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

MTN has been the subject of several research reports. Mizuho set a $174.00 price objective on shares of Vail Resorts in a research report on Tuesday, June 9th. Stifel Nicolaus dropped their price objective on Vail Resorts from $172.00 to $167.00 and set a “buy” rating for the company in a report on Tuesday, June 9th. Barclays dropped their target price on shares of Vail Resorts from $138.00 to $119.00 and set an “underweight” rating on the stock in a research note on Tuesday, June 9th. Weiss Ratings lowered Vail Resorts from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, April 9th. Finally, UBS Group reissued a “neutral” rating on shares of Vail Resorts in a report on Tuesday, June 9th. Five equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $151.45.

Vail Resorts Stock Performance

MTN opened at $140.57 on Monday. The firm’s 50-day moving average price is $131.19 and its 200-day moving average price is $134.56. The company has a market cap of $5.01 billion, a P/E ratio of 31.95, a price-to-earnings-growth ratio of 13.20 and a beta of 0.71. Vail Resorts, Inc. has a 52-week low of $118.51 and a 52-week high of $172.00. The company has a quick ratio of 0.79, a current ratio of 0.91 and a debt-to-equity ratio of 3.22.

Vail Resorts (NYSE:MTN) last announced its quarterly earnings data on Monday, June 8th. The company reported $8.81 earnings per share for the quarter, missing analysts’ consensus estimates of $8.97 by ($0.16). Vail Resorts had a net margin of 5.38% and a return on equity of 21.88%. The company had revenue of $1.21 billion for the quarter, compared to analysts’ expectations of $1.20 billion. During the same period last year, the firm earned $10.54 earnings per share. Vail Resorts’s quarterly revenue was down 7.0% compared to the same quarter last year. As a group, equities analysts anticipate that Vail Resorts, Inc. will post 4.31 EPS for the current fiscal year.

Vail Resorts Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 9th. Investors of record on Thursday, June 25th will be given a dividend of $2.22 per share. The ex-dividend date is Thursday, June 25th. This represents a $8.88 dividend on an annualized basis and a yield of 6.3%. Vail Resorts’s payout ratio is currently 201.82%.

Vail Resorts Profile

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.