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.
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 |
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
In MTN 341 funds of 2213 total. Show all
Fund name | Ticker shares |
---|---|
BAMCO INC /NY/ | 4.66M |
Vanguard Group, Inc | 3.66M |
BlackRock Inc. | 3.50M |
APG Asset Management N.V. | 2.09M |
PRINCIPAL FINANCIAL GROUP INC | 1.72M |
Select Equity Group, L.P. | 1.45M |
BlackRock Institutional Trust Company, N.A. | 1.31M |
STATE STREET CORP | 1.02M |
Capital International Investors | 0.88M |
LAZARD ASSET MANAGEMENT LLC | 0.86M |
Southpoint Capital Advisors LP | 0.80M |
MACQUARIE GROUP LTD | 0.67M |
GEODE CAPITAL MANAGEMENT, LLC | 0.51M |
BlackRock Fund Advisors | 0.40M |
FRED ALGER MANAGEMENT INC | 0.40M |
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 / |