Needham Investment Management LLC Buys 13,000 Shares of Vail Resorts, Inc. $MTN

Needham Investment Management LLC raised its holdings in Vail Resorts, Inc. (NYSE:MTN) by 28.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 59,000 shares of the company’s stock after acquiring an additional 13,000 shares during the quarter. Needham Investment Management LLC owned about 0.16% of Vail Resorts worth $7,835,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of MTN. Clearstead Advisors LLC lifted its stake in shares of Vail Resorts by 21.5% in the 4th quarter. Clearstead Advisors LLC now owns 424 shares of the company’s stock valued at $56,000 after purchasing an additional 75 shares during the period. Comerica Bank lifted its stake in shares of Vail Resorts by 0.4% in the 3rd quarter. Comerica Bank now owns 17,552 shares of the company’s stock valued at $2,625,000 after purchasing an additional 78 shares during the period. Xponance Inc. lifted its stake in shares of Vail Resorts by 1.2% in the 3rd quarter. Xponance Inc. now owns 6,903 shares of the company’s stock valued at $1,032,000 after purchasing an additional 82 shares during the period. Provident Investment Management Inc. lifted its stake in shares of Vail Resorts by 1.6% in the 3rd quarter. Provident Investment Management Inc. now owns 5,821 shares of the company’s stock valued at $871,000 after purchasing an additional 90 shares during the period. Finally, MAI Capital Management lifted its stake in shares of Vail Resorts by 25.2% in the 3rd quarter. MAI Capital Management now owns 482 shares of the company’s stock valued at $72,000 after purchasing an additional 97 shares during the period. Institutional investors and hedge funds own 94.90% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. BNP Paribas Exane reissued an “outperform” rating on shares of Vail Resorts in a research note on Tuesday, March 10th. Zacks Research downgraded Vail Resorts from a “hold” rating to a “strong sell” rating in a research note on Tuesday, April 28th. Stifel Nicolaus cut their price target on Vail Resorts from $172.00 to $167.00 and set a “buy” rating on the stock in a research note on Tuesday, June 9th. JPMorgan Chase & Co. increased their price target on Vail Resorts from $124.00 to $126.00 and gave the company a “neutral” rating in a research note on Tuesday, June 9th. Finally, Mizuho set a $174.00 price target on Vail Resorts in a research note on Tuesday, June 9th. Five investment analysts have rated the stock with a Buy rating, six have given a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $151.45.

Vail Resorts Price Performance

Shares of MTN stock opened at $134.36 on Tuesday. Vail Resorts, Inc. has a 12-month low of $118.51 and a 12-month high of $172.00. The firm has a market capitalization of $4.79 billion, a price-to-earnings ratio of 30.54, a price-to-earnings-growth ratio of 12.35 and a beta of 0.72. The company has a quick ratio of 0.79, a current ratio of 0.91 and a debt-to-equity ratio of 3.22. The firm has a fifty day moving average of $128.76 and a 200-day moving average of $135.17.

Vail Resorts (NYSE:MTN) last announced its quarterly earnings results on Monday, June 8th. The company reported $8.81 earnings per share (EPS) for the quarter, missing the consensus estimate of $8.97 by ($0.16). The firm had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.20 billion. Vail Resorts had a net margin of 5.38% and a return on equity of 21.88%. Vail Resorts’s quarterly revenue was down 7.0% on a year-over-year basis. During the same period last year, the firm earned $10.54 EPS. On average, equities research analysts forecast that Vail Resorts, Inc. will post 4.37 earnings per share for the current year.

Vail Resorts Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 9th. Investors of record on Thursday, June 25th will be given a $2.22 dividend. This represents a $8.88 annualized dividend and a yield of 6.6%. The ex-dividend date of this dividend is Thursday, June 25th. Vail Resorts’s payout ratio is currently 201.82%.

Vail Resorts Company 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.