Vail Resorts, Inc. (NYSE:MTN – Get Rating) saw a large growth in short interest in the month of January. As of January 15th, there was short interest totalling 1,170,000 shares, a growth of 22.8% from the December 31st total of 952,700 shares. Based on an average daily volume of 455,300 shares, the days-to-cover ratio is presently 2.6 days. Approximately 2.9% of the shares of the stock are sold short.
Vail Resorts Trading Up 0.1 %
Vail Resorts stock traded up $0.19 during trading on Monday, reaching $257.54. 491,793 shares of the company were exchanged, compared to its average volume of 345,984. The stock's 50 day simple moving average is $250.58 and its two-hundred day simple moving average is $234.94. The company has a market capitalization of $10.38 billion, a P/E ratio of 30.19, a PEG ratio of 0.68 and a beta of 1.16. The company has a debt-to-equity ratio of 1.78, a current ratio of 1.21 and a quick ratio of 1.10. Vail Resorts has a 52-week low of $201.91 and a 52-week high of $284.07.
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Vail Resorts (NYSE:MTN – Get Rating) last issued its earnings results on Thursday, December 8th. The company reported ($3.40) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($3.17) by ($0.23). The company had revenue of $279.45 million during the quarter, compared to analyst estimates of $246.07 million. Vail Resorts had a return on equity of 19.31% and a net margin of 13.32%. On average, equities research analysts expect that Vail Resorts will post 8.96 earnings per share for the current fiscal year.
Vail Resorts Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Tuesday, January 10th. Shareholders of record on Tuesday, December 27th were issued a $1.91 dividend. The ex-dividend date was Friday, December 23rd. This represents a $7.64 annualized dividend and a yield of 2.97%. Vail Resorts's payout ratio is 89.57%.
Insider Buying and Selling
In other Vail Resorts news, CFO Michael Z. Barkin sold 6,891 shares of the firm's stock in a transaction that occurred on Monday, December 12th. The stock was sold at an average price of $258.92, for a total value of $1,784,217.72. Following the sale, the chief financial officer now directly owns 14,303 shares of the company's stock, valued at $3,703,332.76. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.15% of the stock is currently owned by insiders.
Institutional Trading of Vail Resorts
A number of hedge funds and other institutional investors have recently made changes to their positions in MTN. Macquarie Group Ltd. lifted its holdings in Vail Resorts by 1.9% in the third quarter. Macquarie Group Ltd. now owns 668,364 shares of the company's stock valued at $144,126,000 after acquiring an additional 12,159 shares during the last quarter. Millennium Management LLC grew its holdings in shares of Vail Resorts by 157.0% during the 2nd quarter. Millennium Management LLC now owns 532,815 shares of the company's stock worth $116,180,000 after purchasing an additional 325,503 shares during the period. Goldman Sachs Group Inc. increased its position in shares of Vail Resorts by 13.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 385,919 shares of the company's stock worth $100,443,000 after purchasing an additional 45,763 shares during the last quarter. Alliancebernstein L.P. raised its holdings in Vail Resorts by 12.0% in the 3rd quarter. Alliancebernstein L.P. now owns 377,127 shares of the company's stock valued at $81,324,000 after buying an additional 40,291 shares during the period. Finally, Epoch Investment Partners Inc. lifted its position in Vail Resorts by 11.0% in the third quarter. Epoch Investment Partners Inc. now owns 322,907 shares of the company's stock valued at $69,631,000 after buying an additional 31,985 shares during the last quarter. Institutional investors and hedge funds own 94.12% of the company's stock.
Analyst Ratings Changes
Several analysts have recently issued reports on the stock. StockNews.com assumed coverage on shares of Vail Resorts in a research report on Wednesday, October 12th. They issued a "hold" rating on the stock. Truist Financial boosted their price objective on Vail Resorts from $270.00 to $292.00 and gave the stock a "hold" rating in a research note on Thursday, December 22nd. Barclays raised their target price on Vail Resorts from $228.00 to $232.00 and gave the company an "underweight" rating in a research report on Monday, December 12th. Finally, JPMorgan Chase & Co. boosted their price target on Vail Resorts from $246.00 to $262.00 and gave the stock a "neutral" rating in a research report on Monday, December 12th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average price target of $282.43.
Vail Resorts Company Profile
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Vail Resorts, Inc is a holding company, which engages in the operation of mountain resorts. It operates through the following segments: Mountain, Lodging, and Real Estate. The Mountain segment covers the operation of mountain resorts or ski areas, and related activities. The Lodging segment includes ownership of hotels, RockResorts, NPS concessionaire properties, condominium management, Colorado resort ground transportation operations, and mountain resort golf operations.
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