AE Wealth Management LLC bought a new stake in Vail Resorts, Inc. (NYSE:MTN – Get Rating ) in the first quarter, HoldingsChannel.com reports. The firm bought 2,513 shares of the company’s stock, valued at approximately $654,000.
Several other institutional investors and hedge funds have also recently modified their holdings of the company. Accretive Wealth Partners LLC boosted its stake in shares of Vail Resorts by 1.0% during the 4th quarter. Accretive Wealth Partners LLC now owns 4,226 shares of the company’s stock valued at $1,386,000 after buying an additional 40 shares during the period. Westpac Banking Corp boosted its stake in shares of Vail Resorts by 1.3% in the 4th quarter. Westpac Banking Corp now owns 3,307 shares of the company’s stock valued at $1,084,000 after buying an additional 41 shares during the period. Gilbert & Cook Inc. raised its stake in shares of Vail Resorts by 5.3% during the 4th quarter. Gilbert & Cook Inc. now owns 913 shares of the company’s stock valued at $299,000 after purchasing an additional 46 shares during the period. AdvisorNet Financial Inc raised its stake in shares of Vail Resorts by 5.5% during the first quarter. AdvisorNet Financial Inc now owns 965 shares of the company’s stock valued at $251,000 after buying an additional 50 shares during the period. Finally, Condor Capital Management boosted its stake in shares of Vail Resorts by 1.3% during the 4th quarter. Condor Capital Management now owns 3,946 shares of the company’s stock valued at $1,294,000 after buying an additional 52 shares during the period.
Shares of Vail Resorts stock opened at $216.12 on Friday. Vail Resorts, Inc. has a 52-week low of $213.60 and a 52-week high of $376.24. The company’s 50-day moving average is $237.23, and its 200-day moving average is $260.99. The company has a quick ratio of 2.11, a current ratio of 2.22 and a debt-to-equity ratio of 1.30. The stock has a market cap of $8.70 billion, a P/E ratio of 28.07 and a beta of 1.21.
Vail Resorts (NYSE:MTN – Get Rating) last posted its earnings results on Thursday, June 9th. The company reported $9.16 EPS for the quarter, topping the consensus estimate of $9.06 by $0.10. Vail Resorts had a net margin of 12.82% and a return on equity of 17.18%. The firm had revenue of $1.18 billion for the quarter, compared to analysts’ expectations of $1.16 billion. In the same quarter last year, the firm earned $6.71 EPS. The company’s quarterly revenue was up 32.3% compared to the same quarter last year. On average, equities analysts expect that Vail Resorts, Inc. will post 8.4 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 12th. Investors of record on Monday, June 27th will be paid a $1.91 dividend. The ex-dividend date is Friday, June 24th. This represents an annualized dividend of $7.64 and a dividend yield of 3.54%. Vail Resorts’s dividend payout ratio (DPR) is currently 99.22%.
Several brokerages recently commented on MTN. Barclays assumed coverage on Vail Resorts in a research note on Tuesday, June 28th. They issued an “underweight” rating and a $217.00 target price for the company. Credit Suisse Group raised their target price on Vail Resorts from $379.00 to $383.00 and gave the company an “outperform” rating in a research note on Friday, June 10th. Stifel Nicolaus boosted their target price on Vail Resorts from $262.00 to $274.00 and gave the company a “hold” rating in a research note on Wednesday, March 23rd. Deutsche Bank Aktiengesellschaft reduced their target price on Vail Resorts from $302.00 to $301.00 in a research note on Friday, June 10th. Finally, KeyCorp cut their target price on Vail Resorts from $370.00 to $330.00 and set an “overweight” rating for the company in a research note on Tuesday, March 15th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $300.00, according to MarketBeat.com.
Vail Resorts Profile (Get Rating)
Vail Resorts, Inc, through its subsidiaries, operates mountain resorts and urban ski areas in the United States. It operates in three segments: mountain, accommodation and real estate. The mountain segment manages 37 mountain resorts and regional ski areas. This segment is also involved in ancillary activities, including ski school, dining and retail/rental operations, as well as real estate brokerage activities.
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