Hodges Capital Management Inc. Increases Stake in Vail Resorts, Inc. $MTN

Hodges Capital Management Inc. grew its holdings in Vail Resorts, Inc. (NYSE:MTN) by 25.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,990 shares of the company’s stock after acquiring an additional 600 shares during the period. Hodges Capital Management Inc.’s holdings in Vail Resorts were worth $470,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. 111 Capital raised its stake in Vail Resorts by 116.3% during the 2nd quarter. 111 Capital now owns 6,172 shares of the company’s stock worth $970,000 after acquiring an additional 3,319 shares during the period. Crossmark Global Holdings Inc. boosted its position in shares of Vail Resorts by 25.5% in the first quarter. Crossmark Global Holdings Inc. now owns 2,575 shares of the company’s stock worth $412,000 after purchasing an additional 523 shares during the period. Jump Financial LLC purchased a new stake in shares of Vail Resorts in the first quarter worth $5,543,000. Landscape Capital Management L.L.C. purchased a new stake in shares of Vail Resorts in the first quarter worth $376,000. Finally, Teacher Retirement System of Texas bought a new stake in shares of Vail Resorts during the 1st quarter valued at $876,000. Hedge funds and other institutional investors own 94.90% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft cut their price target on Vail Resorts from $170.00 to $165.00 and set a “hold” rating for the company in a research note on Wednesday, September 17th. Wall Street Zen cut Vail Resorts from a “hold” rating to a “sell” rating in a research report on Friday, October 3rd. Weiss Ratings cut Vail Resorts from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, October 8th. Stifel Nicolaus restated a “buy” rating and issued a $175.00 price target (down from $180.00) on shares of Vail Resorts in a research note on Tuesday, September 30th. Finally, Barclays reduced their price objective on shares of Vail Resorts from $152.00 to $145.00 and set an “underweight” rating on the stock in a research report on Tuesday, September 30th. Three 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 company. According to data from MarketBeat, Vail Resorts has an average rating of “Hold” and an average target price of $175.60.

Insider Buying and Selling at Vail Resorts

In other Vail Resorts news, CFO Angela A. Korch bought 210 shares of the firm’s stock in a transaction dated Tuesday, October 7th. The shares were purchased at an average cost of $155.00 per share, for a total transaction of $32,550.00. Following the transaction, the chief financial officer owned 4,905 shares of the company’s stock, valued at $760,275. This represents a 4.47% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.20% of the stock is currently owned by company insiders.

Vail Resorts Price Performance

Shares of Vail Resorts stock opened at $146.33 on Tuesday. The firm has a market cap of $5.25 billion, a PE ratio of 19.75, a PEG ratio of 2.50 and a beta of 0.90. The stock has a 50 day moving average of $150.34 and a 200 day moving average of $153.01. The company has a current ratio of 0.63, a quick ratio of 0.56 and a debt-to-equity ratio of 3.44. Vail Resorts, Inc. has a 12 month low of $129.85 and a 12 month high of $199.45.

Vail Resorts (NYSE:MTN) last issued its quarterly earnings data on Monday, September 29th. The company reported ($5.08) earnings per share (EPS) for the quarter, missing the consensus estimate of ($4.75) by ($0.33). Vail Resorts had a return on equity of 31.54% and a net margin of 9.45%.The firm had revenue of $271.29 million for the quarter, compared to analysts’ expectations of $272.87 million. During the same period last year, the company earned ($4.67) earnings per share. The firm’s revenue was up 2.2% on a year-over-year basis. On average, research analysts expect that Vail Resorts, Inc. will post 7.62 EPS for the current fiscal year.

Vail Resorts Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 27th. Shareholders of record on Thursday, October 9th were given a dividend of $2.22 per share. The ex-dividend date was Thursday, October 9th. This represents a $8.88 annualized dividend and a yield of 6.1%. Vail Resorts’s dividend payout ratio (DPR) is 119.84%.

Vail Resorts 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.