Stifel Financial Corp Purchases 11,096 Shares of Vail Resorts, Inc. (NYSE:MTN)

Stifel Financial Corp raised its position in Vail Resorts, Inc. (NYSE:MTN) by 52.5% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 32,227 shares of the company’s stock after purchasing an additional 11,096 shares during the period. Stifel Financial Corp owned 0.09% of Vail Resorts worth $6,041,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of MTN. Wilmington Savings Fund Society FSB bought a new stake in Vail Resorts during the third quarter valued at $87,000. Inspire Trust Co. N.A. grew its stake in Vail Resorts by 33.8% during the third quarter. Inspire Trust Co. N.A. now owns 7,800 shares of the company’s stock worth $1,359,000 after purchasing an additional 1,970 shares during the period. Everence Capital Management Inc. bought a new stake in Vail Resorts in the fourth quarter worth approximately $347,000. Green Alpha Advisors LLC lifted its stake in Vail Resorts by 101.3% in the fourth quarter. Green Alpha Advisors LLC now owns 6,112 shares of the company’s stock valued at $1,146,000 after buying an additional 3,075 shares during the period. Finally, Eagle Bay Advisors LLC bought a new position in shares of Vail Resorts during the 4th quarter worth approximately $40,000. 94.94% of the stock is currently owned by institutional investors and hedge funds.

Vail Resorts Stock Up 0.3 %

Vail Resorts stock opened at $141.25 on Wednesday. The company has a debt-to-equity ratio of 3.64, a quick ratio of 0.51 and a current ratio of 0.63. The stock has a market cap of $5.27 billion, a PE ratio of 23.46, a price-to-earnings-growth ratio of 1.93 and a beta of 0.93. Vail Resorts, Inc. has a fifty-two week low of $129.85 and a fifty-two week high of $206.38. The firm’s 50-day simple moving average is $151.35 and its 200 day simple moving average is $168.13.

Vail Resorts (NYSE:MTN) last released its earnings results on Monday, March 10th. The company reported $6.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.29 by $0.27. The company had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.14 billion. Vail Resorts had a return on equity of 21.90% and a net margin of 8.07%. Vail Resorts’s quarterly revenue was up 5.5% on a year-over-year basis. During the same period in the prior year, the company posted $5.76 earnings per share. Research analysts predict that Vail Resorts, Inc. will post 7.62 EPS for the current fiscal year.

Vail Resorts Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 10th. Stockholders of record on Thursday, March 27th were given a dividend of $2.22 per share. This represents a $8.88 annualized dividend and a dividend yield of 6.29%. The ex-dividend date was Thursday, March 27th. Vail Resorts’s dividend payout ratio is presently 130.21%.

Insider Transactions at Vail Resorts

In related news, CFO Angela A. Korch purchased 185 shares of the stock in a transaction that occurred on Thursday, March 13th. The shares were bought at an average price of $160.00 per share, with a total value of $29,600.00. Following the acquisition, the chief financial officer now owns 2,956 shares of the company’s stock, valued at $472,960. This trade represents a 6.68 % increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 1.20% of the company’s stock.

Analysts Set New Price Targets

MTN has been the topic of a number of research reports. JPMorgan Chase & Co. boosted their target price on shares of Vail Resorts from $166.00 to $167.00 and gave the company an “underweight” rating in a research report on Tuesday, March 11th. Morgan Stanley set a $152.00 price objective on shares of Vail Resorts in a research report on Friday. Bank of America decreased their target price on Vail Resorts from $185.00 to $160.00 and set a “neutral” rating for the company in a research report on Monday, April 21st. Mizuho cut their price target on Vail Resorts from $227.00 to $215.00 and set an “outperform” rating on the stock in a report on Tuesday, March 11th. Finally, Barclays restated an “underweight” rating and set a $152.00 price objective (down previously from $165.00) on shares of Vail Resorts in a report on Monday, March 10th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, Vail Resorts has an average rating of “Hold” and an average price target of $187.60.

Vail Resorts Company Profile

Vail Resorts, Inc, through its subsidiaries, operates mountain resorts and regional ski areas in the United States. It operates through three segments: Mountain, Lodging, and Real Estate. The Mountain segment operates 41 destination mountain resorts and regional ski areas. This segment is also involved in the ancillary activities, including ski school, dining, and retail/rental operations, as well as real estate brokerage activities.