Louisiana State Employees Retirement System Takes $1.33 Million Position in Vail Resorts, Inc. $MTN

Louisiana State Employees Retirement System bought a new position in shares of Vail Resorts, Inc. (NYSE:MTN) in the first quarter, HoldingsChannel reports. The firm bought 10,400 shares of the company’s stock, valued at approximately $1,335,000.

Other large investors also recently modified their holdings of the company. BOKF NA increased its holdings in Vail Resorts by 833.3% during the 3rd quarter. BOKF NA now owns 168 shares of the company’s stock valued at $25,000 after purchasing an additional 150 shares during the period. EverSource Wealth Advisors LLC raised its position in Vail Resorts by 815.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 174 shares of the company’s stock valued at $27,000 after purchasing an additional 155 shares during the last quarter. Golden State Wealth Management LLC lifted its holdings in Vail Resorts by 83.3% in the 4th quarter. Golden State Wealth Management LLC now owns 220 shares of the company’s stock worth $29,000 after buying an additional 100 shares during the period. Danske Bank A S purchased a new stake in Vail Resorts in the 3rd quarter worth approximately $30,000. Finally, Caitong International Asset Management Co. Ltd grew its position in shares of Vail Resorts by 1,585.7% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 236 shares of the company’s stock worth $31,000 after buying an additional 222 shares during the last quarter. 94.90% of the stock is owned by institutional investors.

Vail Resorts Trading Up 3.1%

Shares of NYSE:MTN opened at $140.57 on Friday. The company has a market cap of $5.01 billion, a P/E ratio of 31.95, a PEG ratio of 12.80 and a beta of 0.71. The company has a debt-to-equity ratio of 3.22, a current ratio of 0.91 and a quick ratio of 0.79. Vail Resorts, Inc. has a 1 year low of $118.51 and a 1 year high of $172.00. The stock’s fifty day moving average price is $130.98 and its 200-day moving average price is $134.70.

Vail Resorts (NYSE:MTN) last released its quarterly earnings data on Monday, June 8th. The company reported $8.81 EPS for the quarter, missing the consensus estimate of $8.97 by ($0.16). Vail Resorts had a return on equity of 21.88% and a net margin of 5.38%.The business had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.20 billion. During the same quarter in the previous year, the business posted $10.54 earnings per share. Vail Resorts’s quarterly revenue was down 7.0% compared to the same quarter last year. Sell-side analysts expect that Vail Resorts, Inc. will post 4.31 earnings per share for the current year.

Vail Resorts Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 9th. Stockholders of record on Thursday, June 25th will be issued a dividend of $2.22 per share. This represents a $8.88 dividend on an annualized basis and a dividend yield of 6.3%. The ex-dividend date of this dividend is Thursday, June 25th. Vail Resorts’s dividend payout ratio (DPR) is presently 201.82%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on MTN shares. Zacks Research cut Vail Resorts from a “hold” rating to a “strong sell” rating in a research note on Tuesday, April 28th. JPMorgan Chase & Co. raised their price target on Vail Resorts from $124.00 to $126.00 and gave the stock a “neutral” rating in a research note on Tuesday, June 9th. Truist Financial cut their price objective on Vail Resorts from $212.00 to $195.00 and set a “buy” rating on the stock in a research report on Tuesday, June 9th. BNP Paribas Exane reaffirmed an “outperform” rating on shares of Vail Resorts in a research note on Tuesday, March 10th. Finally, Wells Fargo & Company assumed coverage on Vail Resorts in a research report on Wednesday, March 11th. They issued an “equal weight” rating and a $135.00 price target for the company. Five research analysts have rated the stock with a Buy rating, six have given a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $151.45.

Vail Resorts Profile

Vail Resorts, Inc is a leading mountain resort company that owns and operates an integrated network of ski areas, hotels, restaurants and retail outlets. The company’s signature Epic Pass program offers skiers and snowboarders season‐long access to its portfolio of resorts, while ancillary services such as ski and snowboard schools, equipment rental and retail drive additional revenue.

Headquartered in Broomfield, Colorado, Vail Resorts was formed in 1997, building on the legacy of Vail Associates, which opened the Vail ski area in 1962.