Vail Resorts, Inc.
In the published model solve dated 2026-Q2, anchored at $151.06, Vail Resorts, Inc. (MTN) is priced for +2.6% growth. boothcheck publishes no house fair value, target price, or buy/sell rating; individual model outputs and user-controlled scenarios are analytical inputs, not Boothcheck targets. The narrative was composed June 27, 2026 from SEC EDGAR filings.
• Vail Resorts sells the Epic Pass before the snow falls, locking in revenue and, as the 10-K puts it, mitigating ⟦"exposure to more weather sensitive guests"⟧, which is the heart of why a ski operator can be a stable business. • The biggest risk is showing up now: skier visits fell 15.5% last quarter after a poor snow year, the company cut its fiscal 2026 guidance, and pass sales for next season are down about 10% in units. • Watch the early pass-sales numbers and the $106 million cost-efficien
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426 institutional managers reported holding MTN in 13F filings for the quarter ended 2026-03-31. 62 opened new positions that quarter. Held by Capital Group (American Funds), Vanguard Group, BlackRock, among others. On the short side, 7.2M shares were sold short as of the 2026-06-15 count, about 20% of shares outstanding (8 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
MTN has cut its share count 11.6% over the past five years, spending $1.04B on repurchases. It pays a dividend, and has for 15 years running, raised 4 years straight; the current rate is $8.88 a share annually. Cash returned over the past three years: $968.57M in dividends and $565.00M in repurchases.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
Open-market insider buys at MTN over the trailing three years: 2024: 2 buys totaling $130k; 2025: 3 buys totaling $94k; 2026: 2 buys totaling $4.97M. 19 officers and directors are on file.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
MTN's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2023-06-09 | -6.5% | -3.8% |
| 2023-09-29 | -6.0% | -0.1% |
| 2023-12-08 | +5.7% | -0.8% |
| 2024-03-12 | +1.1% | -9.1% |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
MTN's latest 8-K filings: 2026-07-30 (items 5.02, 9.01); 2026-06-24 (items 7.01); 2026-06-08 (items 2.02, 9.01); 2026-04-23 (items 7.01, 9.01); 2026-03-17 (items 7.01).
Item codes are the SEC's own classification of what each report discloses. Dates link to the filing on EDGAR. Nothing here is investment advice.
Model solve date: 2026-Q2
Narrative composed: June 27, 2026
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For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.