Vail Resorts (NYSE:MTN) had its price target raised by equities researchers at Bank of America from $250.00 to $275.00 in a report issued on Tuesday, June 5th. The firm currently has a “buy” rating on the stock. Bank of America’s price target indicates a potential downside of 2.07% from the stock’s previous close.
Shares of NYSE:MTN opened at $280.81 on Tuesday. The stock has a market capitalization of $11.24 billion, a PE ratio of 53.80 and a beta of 0.45. The company has a current ratio of 1.04, a quick ratio of 0.88 and a debt-to-equity ratio of 0.54. Vail Resorts has a fifty-two week low of $197.48 and a fifty-two week high of $288.83.
Vail Resorts (NYSE:MTN) last issued its earnings results on Thursday, June 7th. The company reported $6.17 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $6.12 by $0.05. The business had revenue of $844.50 million for the quarter, compared to the consensus estimate of $823.83 million. Vail Resorts had a net margin of 20.23% and a return on equity of 15.91%. The business’s quarterly revenue was up 6.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $4.40 earnings per share. equities analysts predict that Vail Resorts will post 9.01 earnings per share for the current fiscal year.
In related news, EVP James C. O’donnell sold 1,962 shares of the business’s stock in a transaction dated Monday, June 11th. The shares were sold at an average price of $274.90, for a total transaction of $539,353.80. Following the sale, the executive vice president now owns 4,574 shares of the company’s stock, valued at $1,257,392.60. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Michael Z. Barkin sold 2,206 shares of the business’s stock in a transaction dated Monday, June 11th. The stock was sold at an average price of $275.10, for a total transaction of $606,870.60. Following the sale, the chief financial officer now directly owns 13,714 shares in the company, valued at approximately $3,772,721.40. The disclosure for this sale can be found here. In the last ninety days, insiders sold 58,189 shares of company stock worth $15,912,143. Insiders own 3.30% of the company’s stock.
A number of hedge funds have recently added to or reduced their stakes in the stock. Amalgamated Bank boosted its holdings in Vail Resorts by 6.8% during the first quarter. Amalgamated Bank now owns 8,563 shares of the company’s stock worth $1,898,000 after buying an additional 548 shares in the last quarter. Summit Trail Advisors LLC boosted its holdings in Vail Resorts by 13.2% during the first quarter. Summit Trail Advisors LLC now owns 5,032 shares of the company’s stock worth $921,000 after buying an additional 588 shares in the last quarter. WINTON GROUP Ltd purchased a new stake in Vail Resorts during the first quarter worth about $3,114,000. Handelsbanken Fonder AB boosted its holdings in Vail Resorts by 30.4% during the first quarter. Handelsbanken Fonder AB now owns 150,000 shares of the company’s stock worth $33,255,000 after buying an additional 35,000 shares in the last quarter. Finally, CIBC World Markets Inc. purchased a new stake in Vail Resorts during the first quarter worth about $639,000. 97.99% of the stock is currently owned by hedge funds and other institutional investors.
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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