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MTN $179.85

MTN target price
179.85
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Vail Resorts
Type
Public
Traded as NYSE: MTN
Founded 1997
Headquarters Broomfield, Colorado, USA
Key people
Robert A. Katz, CEO
Number of employees
15,000
Website vailresorts.com

Vail Resorts, Inc. runs four ski resorts in Colorado (Vail Ski Resort, Beaver Creek Resort, Keystone Resort, and Breckenridge Ski Resort), three in Lake Tahoe (Heavenly Mountain Resort, Kirkwood Mountain Resort, Northstar California), one in Utah (Park City Mountain Resort in Park City), one in Vermont (Stowe Mountain Resort), one in Minnesota (Afton Alps), one in Michigan (Mount Brighton), one in Wisconsin (Wilmot Mountain), one in New South Wales, Australia (Perisher Ski Resort), one in British Columbia (Whistler Blackcomb), and a summer resort in Wyoming. They also own luxury resort hotels throughout the world. The company trades on the New York Stock Exchange, symbol MTN. The company is headquartered in Broomfield, Colorado.

Vail Resorts was founded as Vail Associates Ltd. by Pete Seibert (former WWII 10th Mountain Division ski trooper) and Earl Eaton in the early 1960s. Earl and Peter were both ski patrol guides at Aspen when they shared their dream of finding the "next great ski mountain". Earl, a lifelong resident and son of pioneer families in the area lead Peter to the area in March 1957. Peter set off to secure financing and Earl engineered the early lifts. On a string and a prayer, the ski resort was founded and it opened in 1962. George N. Gillett, Jr. purchased Vail Associates in 1985. Vail Associates changed its name to Vail Resorts and went public in 1997 after Gillett Holdings (owned by George N. Gillett, Jr.) went bankrupt. Apollo Management, headed by Leon Black, bought the company out of bankruptcy and took Vail Resorts public, controlling Vail Resorts through its growth until around 2003, when Apollo divested themselves of the controlling interest. Former Apollo executive, Rob Katz, currently runs the company. The skating rink at Beaver Creek was named the Black Family Skating Rink after Leon Black.

In 2001, Vail Resorts acquired the renowned luxury hotel chain Rockresorts, which contributed substantially to their brand recognition. RockResorts (with the second "R" now capitalized) was named for its original owners, the Rockefeller Family. As of January 2017, the properties include:

The Pines Lodge at Beaver Creek, CO
The Lodge at Vail, CO
The Osprey at Beaver Creek, CO
The Arrabelle at Vail Square, CO
One Ski Hill Place at Breckenridge Ski Resort
The Grand Summit Hotel in Park City Utah

All of the company's retail operations are run by a smaller company, [Vail Resorts Retail, VRR], of which Vail owns 70%. The owners of the other 30% are the Gart Brothers, specifically Tom Gart, Ken Gart and John Gart. The Gart family have been in the sporting goods business for 3 generations and were the former owners of Gart Sports, the large chain of sporting goods stores in the western US. Gart Sports was sold by the Gart family in the 1990s and then recently sold again to Sports Authority, which discontinued the use of the Gart Sports name in 2006. In 2010, Vail completed the buyout of the Specialty Sports Venture brand and is now the 100% owner of all SSV operations. In addition to all of the ski shops in the Vail Resorts portfolio of ski areas, the SSV chain of stores includes Bicycle Village in Denver, Colorado Ski & Golf, Boulder Ski Deals, Aspen Sports, Telluride Sports and Mountain Sports Outlet in Summit County and Glenwood Springs and many others. SSV is reportedly the largest Trek bicycles dealer in the world.

Vail Resorts also owns just over 50% of Slifer, Smith and Frampton (SSF), the largest real estate brokerage company in the Vail region, controlling over 70% of the real estate transactions in the market. Slifer, Smith and Frampton was called Slifer, Smith and Frampton/Vail Associates Real Estate, but they dropped the "Vail Associates" name in 2003. The founders of SSF are Rod Slifer, a former ski instructor who was recently the mayor of the Town of Vail, Mark Smith, a real estate broker/turned developer who currently also runs East West Partners with Harry Frampton, who was the former President of Vail Associates and currently owns East West Partners. East West Partners has built most of the large building that make up the Beaver Creek Village, including the Marketplace Building, Village Hall and One Beaver Creek. Not to be confused with East West Resorts, a separate property Management Group.

Vail Resorts Development Company (VRDC) is the wholly owned real estate development company that Vail Resorts uses to develop all of its company-owned real estate, other than the projects that East West Partners develops. VRDC developed Bachelor's Gulch, one of the most upscale, ski-in/ski-out resorts in the business with its own Ritz Carlton and just over 100 slopeside mansions. President Gerald Ford kept his ski house in the Strawberry Park section of Beaver Creek, which is between Beaver Creek and Bachelor's Gulch. Arrowhead is the third "peak" in the heavily promoted "village to village ski experience" in which you can ski from Beaver Creek to Bachelor's Gulch to Arrowhead and back again. Arrowhead was a separate ski area unrelated to Beaver Creek for years before they were finally bought by Vail Associates in the early 1990s. VRDC also developed "club" division of Vail Resorts, including the Beaver Creek Club, the Arrowhead Alpine Club, and Game Creek Club (in Vail). VRDC also developed Red Sky Ranch in Wolcott (approximate 10 miles (16 km) west of Beaver Creek), which includes two golf courses and many million dollar golf course homes. All of these clubs are now operated by the "Mountain Division" of Vail Resorts.

Vail Resorts most notably operates the Vail, Beaver Creek, Breckenridge, and Keystone ski areas in Colorado, Northstar at Tahoe, Kirkwood Mountain Resort, and Heavenly Ski Resort on the California-Nevada border. It acquired the Grand Teton Lodge Company within the Grand Teton National Park in Wyoming in 1999. The GTLC properties include the Jenny Lake Lodge, Jackson Lake Lodge, and Colter Bay Village.

Q reports

Period Date Adjusted Actuals EPS GAAP EPS
Q4 2021 2022-09-21 Future report Set alerts
Q3 2021 2022-06-09 9.16 9.16
Q2 2021 2022-03-14 5.47 5.47
Q1 2021 2021-12-09 -3.44 -3.44
Q4 2020 2021-09-23 -3.49 -3.49
Q3 2020 2021-06-07 6.72 6.72
Q2 2020 2021-03-11 3.62 3.62
Q1 2020 2019-12-09 -2.64 -2.64
Q4 2019 2019-09-26 -2.22 -2.22
Q3 2019 2019-06-06 7.12 7.12

Ratings

2016-06-10 Reiterated Rating Bank of America Buy
2016-06-10 Boost Price Target MKM Partners Buy $147.00 to $150.00
2016-06-10 Reiterated Rating Janney Montgomery Scott Buy $150.00 to $153.00
2016-06-10 Reiterated Rating Bank of America Corp. Buy
2016-06-01 Reiterated Rating MKM Partners Buy $147.00
2016-05-16 Reiterated Rating Sterne Agee CRT Buy
2016-04-17 Reiterated Rating Sterne Agee CRT Buy
2016-04-16 Reiterated Rating Janney Montgomery Scott Buy $147.00 to $150.00
2016-04-07 Initiated Coverage Sterne Agee CRT Buy $150.00
2016-03-17 Boost Price Target Stephens Overweight $135.00 to $149.00
2016-03-16 Boost Price Target MKM Partners Buy $135.00 to $147.00
2016-03-12 Reiterated Rating Barclays Buy
2016-03-12 Reiterated Rating Barclays PLC Buy
2016-03-11 Reiterated Rating Janney Montgomery Scott Buy $142.00 to $147.00
2016-03-11 Reiterated Rating Macquarie Buy $133.00 to $136.00
2016-03-11 Boost Price Target Barclays Overweight $135.00 to $145.00
2016-03-08 Boost Price Target Credit Suisse Outperform $140.00 to $145.00
2016-03-08 Boost Price Target Credit Suisse Group AG Outperform $140.00 to $145.00
2016-02-29 Reiterated Rating Credit Suisse Outperform $140.00
2016-01-14 Reiterated Rating Credit Suisse Outperform $135.00 to $140.00
2016-01-14 Upgrade MKM Partners Neutral to Buy $125.00 to $135.00
2015-12-09 Reiterated Rating MKM Partners Hold
2015-12-08 Reiterated Rating Bank of America Buy $125.00 to $144.00
2015-12-08 Boost Price Target MKM Partners Neutral $118.00 to $125.00
2015-12-08 Boost Price Target Barclays Overweight $115.00 to $135.00
2015-12-08 Upgrade Janney Montgomery Scott Buy $135.00 to $142.00
2015-12-08 Downgrade JMP Securities Outperform to Market Perform $114.00
2015-12-08 Upgrade Goldman Sachs Neutral to Buy $108.00 to $144.00
2015-12-08 Upgrade Goldman Sachs Group Inc. Neutral to Buy $108.00 to $144.00
2015-11-17 Reiterated Rating Credit Suisse Outperform $130.00
2015-11-03 Initiated Coverage Janney Montgomery Scott Buy $135.00
2015-10-03 Reiterated Rating Barclays Buy
2015-10-02 Boost Price Target Barclays Overweight $112.00 to $115.00
2015-10-02 Reiterated Rating JMP Securities Outperform $117.00 to $114.00
2015-10-01 Boost Price Target MKM Partners Neutral $116.00 to $118.00
2015-09-29 Boost Price Target Stephens Outperform $123.00 to $124.00
2015-09-26 Reiterated Rating MKM Partners Hold
2015-09-25 Boost Price Target MKM Partners Neutral $115.00 to $116.00
2015-07-27 Initiated Coverage Macquarie Outperform $125.00
2015-06-09 Boost Price Target MKM Partners Neutral $111.00 to $115.00
2015-06-09 Downgrade JMP Securities Outperform to Market Perform $108.00 to $117.00
2015-06-09 Reiterated Rating Barclays Buy $113.00 to $112.00
2015-06-05 Boost Price Target Credit Suisse Outperform $115.00 to $125.00
2015-05-28 Downgrade MKM Partners Buy to Neutral $107.00 to $111.00
2015-05-05 Initiated Coverage Stephens Overweight
2015-04-03 Boost Price Target Credit Suisse $105.00 to $115.00
2015-04-01 Boost Price Target KeyBanc Overweight $105.00 to $115.00
2015-04-01 Boost Price Target KeyCorp Overweight $105.00 to $115.00
2015-03-13 Boost Price Target Barclays Overweight $97.00 to $101.00
2015-01-13 Boost Price Target MKM Partners Buy $103.00 to $107.00
2014-12-09 Boost Price Target Barclays Overweight $95.00 to $97.00
2014-12-04 Boost Price Target Credit Suisse Outperform $97.00 to $100.00
2014-10-20 Initiated Coverage Goldman Sachs Neutral $88.00
2014-09-25 Boost Price Target Barclays Overweight $93.00 to $95.00
2014-09-23 Boost Price Target MKM Partners Buy $82.00 to $103.00
2014-09-12 Reiterated Rating Barclays Overweight $82.00 to $93.00
2014-09-12 Boost Price Target Credit Suisse Outperform $87.00 to $97.00
2014-06-23 Reiterated Rating Bank of America Buy $80.00 to $92.00
2014-06-02 Upgrade Evercore ISI Equal Weight to Overweight $78.00 to $85.00
2014-03-17 Lower Price Target Barclays $85.00 to $82.00
2014-03-11 Boost Price Target JMP Securities $82.00 to $88.00
2013-12-10 Boost Price Target Barclays Overweight $75.00 to $85.00
2013-11-19 Upgrade Credit Suisse Neutral to Outperform $71.00 to $81.00
2013-10-01 Boost Price Target Barclays Overweight $69.00 to $75.00
2013-09-30 Boost Price Target Credit Suisse Neutral $69.00 to $71.00
2013-09-30 Reiterated Rating Bank of America Buy $72.00 to $76.00
2012-08-23 Reiterated Stifel Nicolaus Buy $53 to $60
2012-06-05 Initiated KeyBanc Capital Mkts Buy $60
2012-05-29 Upgrade Stifel Nicolaus Hold to Buy $53
2011-06-07 Initiated Rodman & Renshaw Mkt Perform
2011-01-26 Reiterated JMP Securities Mkt Outperform $55 to $60
2010-10-07 Reiterated Barclays Capital Overweight $43 to $50
2009-07-22 Initiated Oppenheimer Outperform $40
2009-06-05 Upgrade Barclays Capital Equal Weight to Overweight
2009-05-07 Initiated Stifel Nicolaus Hold
2016-06-10 Reiterated Rating Bank of America Buy
2016-06-10 Boost Price Target MKM Partners Buy $147.00 to $150.00
2016-06-10 Reiterated Rating Janney Montgomery Scott Buy $150.00 to $153.00
2016-06-10 Reiterated Rating Bank of America Corp. Buy
2016-06-01 Reiterated Rating MKM Partners Buy $147.00

There is presents forecasts of rating agencies and recommendations for investors about this ticker

Major Shareholders

Name Relationship Total Shares Holding stocks
KATZ ROBERT A Chief Exec.Officer & Chairman 1.20%  (433425) MTN /
JONES JEFFREY W Co-President and CFO 0.48%  (172381) DRII / INN / MTN / NDLS /
SORTE JOHN F 0.13%  (47314) MTN /
KINCAID RICHARD D 0.08%  (28103) BEE / MTN / RYN /
CARRIG BLAISE Co-President 0.05%  (19801) MTN /
HYDE THOMAS D 0.05%  (17937) GXP / MTN /
SCHNEIDER HILARY 0.05%  (17219) LOCK / LOGM / MTN /
Campbell Patricia A President - Mountain Division 0.04%  (16132) MTN /
REDMOND JOHN 0.04%  (16124) ALGT / MTN /
SEWELL D BRUCE 0.04%  (14698) AAPL / MTN /
Barkin Michael Z EVP & Chief Financial Officer 0.03%  (12558) MTN /
Lynch Kirsten A. EVP & Chief Marketing Officer 0.03%  (11705) MTN / SFIX /
Arnold Fiona Exec. V.P., G.C. & Secy. 0.03%  (11507) MTN /
Vaughn Peter A 0.02%  (8379) MTN /
HERNANDEZ ROLAND A 0.02%  (7710) MGM / MTN / USB /
SCHOPPET MARK L SVP, Controller & CAO 0.02%  (6537) MTN /
DECKER SUSAN L 0.01%  (3022) COST / INTC / MTN /
O'Donnell James C. EVP, Hospitality, Retail & RE 0.01%  (2967) MTN /