5 Best Seasonal Stocks To Buy Now

4. Vail Resorts, Inc. (NYSE:MTN)

Number of Hedge Fund Holders: 43

Vail Resorts, Inc. (NYSE:MTN) was founded in 1845 and is based in Broomfield, Colorado. The company operates mountain resorts and regional ski areas in the United States. It operates through three segments – Mountain, Lodging, and Real Estate. It is one of the top seasonal stocks to monitor. On December 8, Vail Resorts, Inc. (NYSE:MTN) declared a C$1.91 per share quarterly dividend, in line with previous. The dividend is payable on January 10, to shareholders of record on December 27. 

On December 22, Truist analyst Patrick Scholes raised the price target on Vail Resorts, Inc. (NYSE:MTN) to $292 from $270 and maintained a Hold rating on the shares. The analyst is citing his in-person channel checks this season, observation on staffing, and winter visitation trends suggesting “noticeable improvement”, even though conditions are still “not 100% back” to pre-COVID levels. 

According to Insider Monkey’s third quarter database, 43 hedge funds were long Vail Resorts, Inc. (NYSE:MTN), compared to 42 funds in the prior quarter. Select Equity Group is the largest stakeholder of the company, with 1.4 million shares worth $312 million. 

Baron Funds made the following comment about Vail Resorts, Inc. (NYSE:MTN) in its Q3 2022 investor letter:

“Vail Resorts, Inc. (NYSE:MTN) owns and operates a premier portfolio of mountain resorts including marquee resorts such as Vail, Beaver Creek, Breckinridge, Park City, Whistler Blackcomb, and Keystone. Vail’s shares have declined 43% from a peak of $376 in November 2021 to a recent price of only $215 and are currently valued at only 11 times cash flow versus its long-term average multiple of approximately 15 times cash flow.”