Vail Resorts, Inc. (NYSE:MTN) insider Patricia A. Campbell sold 8,821 shares of the business’s stock in a transaction on Wednesday, June 13th. The shares were sold at an average price of $277.06, for a total value of $2,443,946.26. Following the completion of the sale, the insider now owns 19,431 shares in the company, valued at $5,383,552.86. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
Shares of NYSE:MTN traded up $5.62 during midday trading on Thursday, reaching $281.48. 7,411 shares of the company traded hands, compared to its average volume of 422,227. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.88 and a current ratio of 1.04. Vail Resorts, Inc. has a 12 month low of $197.48 and a 12 month high of $288.83. The firm has a market cap of $10.99 billion, a price-to-earnings ratio of 53.90 and a beta of 0.45.
Vail Resorts (NYSE:MTN) last released its quarterly earnings data on Thursday, June 7th. The company reported $6.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.12 by $0.05. Vail Resorts had a return on equity of 15.91% and a net margin of 20.23%. The company had revenue of $844.50 million for the quarter, compared to analyst estimates of $823.83 million. During the same period in the previous year, the company posted $4.40 EPS. The firm’s revenue for the quarter was up 6.3% compared to the same quarter last year. equities analysts predict that Vail Resorts, Inc. will post 9.01 EPS for the current fiscal year.
Institutional investors have recently bought and sold shares of the stock. Elkfork Partners LLC purchased a new position in Vail Resorts during the fourth quarter worth about $121,000. Synovus Financial Corp purchased a new position in Vail Resorts during the first quarter worth about $133,000. Aviance Capital Management LLC purchased a new position in Vail Resorts during the fourth quarter worth about $138,000. American International Group Inc. purchased a new position in Vail Resorts during the fourth quarter worth about $200,000. Finally, Cambridge Investment Research Advisors Inc. purchased a new position in Vail Resorts during the fourth quarter worth about $202,000. Institutional investors and hedge funds own 98.51% of the company’s stock.
Several brokerages have issued reports on MTN. Zacks Investment Research lowered Vail Resorts from a “buy” rating to a “hold” rating in a research note on Tuesday. Barclays boosted their price objective on Vail Resorts from $250.00 to $300.00 and gave the company an “overweight” rating in a research note on Monday. Stifel Nicolaus reiterated a “hold” rating and set a $295.00 price objective (up from $232.00) on shares of Vail Resorts in a research note on Monday. They noted that the move was a valuation call. Deutsche Bank set a $297.00 price objective on Vail Resorts and gave the company a “buy” rating in a research note on Friday, June 8th. Finally, KeyCorp boosted their price objective on Vail Resorts from $250.00 to $290.00 and gave the company an “overweight” rating in a research note on Friday, June 8th. Two analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $279.13.
About Vail Resorts
Vail Resorts, Inc, through its subsidiaries, operates mountain resorts and urban ski areas in the United States. The company operates through three segments: Mountain, Lodging, and Real Estate. The Mountain segment operates 11 mountain resorts, including Vail, Beaver Creek, Breckenridge, and Keystone resorts in Colorado; Park City Mountain resort in Utah; Heavenly, Northstar, and Kirkwood in the Lake Tahoe area of California and Nevada; Whistler Blackcomb in Canada; Stowe Mountain resort in Northern Vermont; and Perisher in Australia, as well as three urban ski areas, such as Wilmot Mountain in Wisconsin, Afton Alps in Minnesota, and Mount Brighton in Michigan.
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