Berenberg Bank assumed coverage on shares of Vail Resorts (NYSE:MTN) in a report issued on Wednesday, Marketbeat.com reports. The brokerage issued a hold rating and a $300.00 price objective on the stock.
Other equities analysts have also issued research reports about the company. Deutsche Bank set a $297.00 price target on Vail Resorts and gave the company a buy rating in a research note on Friday, June 8th. ValuEngine raised Vail Resorts from a hold rating to a buy rating in a research note on Thursday, June 7th. Bank of America upped their price target on Vail Resorts from $250.00 to $275.00 and gave the company a buy rating in a research note on Tuesday, June 5th. Stifel Nicolaus reaffirmed a hold rating and set a $295.00 price target (up previously from $232.00) on shares of Vail Resorts in a research note on Monday, June 11th. They noted that the move was a valuation call. Finally, Zacks Investment Research lowered Vail Resorts from a buy rating to a hold rating in a research note on Tuesday, June 12th. Three research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of Buy and an average target price of $281.44.
Shares of Vail Resorts opened at $280.81 on Wednesday, according to MarketBeat.com. 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 12-month low of $197.48 and a 12-month high of $288.83. The firm has a market cap of $11.24 billion, a PE ratio of 40.65 and a beta of 0.45.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 12th. Investors of record on Wednesday, June 27th will be issued a $1.47 dividend. The ex-dividend date is Tuesday, June 26th. This represents a $5.88 dividend on an annualized basis and a yield of 2.09%. Vail Resorts’s dividend payout ratio is presently 112.64%.
In related news, insider Robert A. Katz sold 45,200 shares of the company’s stock in a transaction dated Monday, June 11th. The stock was sold at an average price of $272.61, for a total value of $12,321,972.00. Following the completion of the sale, the insider now owns 556,964 shares in the company, valued at $151,833,956.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Patricia A. Campbell sold 8,821 shares of the company’s stock in a transaction dated 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 of the company’s stock, valued at approximately $5,383,552.86. The disclosure for this sale can be found here. Insiders sold 58,189 shares of company stock valued at $15,912,143 in the last quarter. 3.30% of the stock is currently owned by corporate insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Amalgamated Bank increased its holdings in Vail Resorts by 6.8% in the first quarter. Amalgamated Bank now owns 8,563 shares of the company’s stock valued at $1,898,000 after purchasing an additional 548 shares during the last quarter. Summit Trail Advisors LLC increased its holdings in Vail Resorts by 13.2% in the first quarter. Summit Trail Advisors LLC now owns 5,032 shares of the company’s stock valued at $921,000 after purchasing an additional 588 shares during the last quarter. WINTON GROUP Ltd bought a new stake in Vail Resorts in the first quarter valued at about $3,114,000. Handelsbanken Fonder AB increased its holdings in Vail Resorts by 30.4% in the first quarter. Handelsbanken Fonder AB now owns 150,000 shares of the company’s stock valued at $33,255,000 after purchasing an additional 35,000 shares during the last quarter. Finally, CIBC World Markets Inc. bought a new stake in Vail Resorts in the first quarter valued at about $639,000. Institutional investors and hedge funds own 97.99% of the company’s stock.
Vail Resorts Company Profile
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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