Vail resorts CFO Angela Korch acquires $29,600 in company stock

Published 13/03/2025, 23:58
Vail resorts CFO Angela Korch acquires $29,600 in company stock

Angela Korch, the Executive Vice President and Chief Financial Officer of Vail Resorts Inc . (NYSE:MTN), recently increased her stake in the company by purchasing 185 shares of common stock. This transaction, valued at approximately $29,600, was executed on March 13, 2025, at a price of $160 per share in an open-market purchase. The timing is notable as InvestingPro data shows the stock trading near its 52-week low of $152, with the company maintaining a solid market capitalization of approximately $6 billion.

Following this acquisition, Korch’s total direct ownership in Vail Resorts stands at 2,956 shares. This move reflects her continued confidence in the company’s prospects as she takes on her leadership role. Vail Resorts, known for its ski resorts and mountain operations, continues to be a significant player in the leisure and recreation industry. InvestingPro analysis reveals the company has maintained dividend payments for 15 consecutive years, currently offering a notable 5.6% yield. According to InvestingPro’s Fair Value assessment, the stock appears to be undervalued at current levels. For deeper insights into Vail Resorts’ valuation and 8 additional exclusive ProTips, visit InvestingPro.

In other recent news, Vail Resorts has reported a strong fiscal second quarter, with earnings and revenue surpassing expectations. The company achieved a revenue of $1.137 billion and an EBITDA of $458 million, exceeding several analysts’ projections. Truist Securities maintained its Buy rating with a $247 price target, highlighting Vail Resorts’ consecutive earnings beats. Stifel also reiterated a Buy rating, setting the price target at $217, while noting a modest increase in Resort Adjusted EBITDA despite foreign exchange impacts. Jefferies, however, reduced its price target to $173, maintaining a Hold rating due to the unpredictability of weather conditions affecting future performance. Mizuho (NYSE:MFG) adjusted its price target to $215 but kept an Outperform rating, citing effective cost management and visitor number boosts despite a recent slowdown in visitation. BofA Securities maintained a Neutral rating with a $185 price target, acknowledging the company’s strong earnings performance and strategic investor positioning. These developments reflect a mixed but generally positive outlook from analysts on Vail Resorts’ financial health and future prospects.

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