Vector Group Ltd (NYSE:VGR) has been assigned an average broker rating score of 3.00 (Hold) from the one analysts that cover the company, Zacks Investment Research reports. One research analyst has rated the stock with a hold recommendation.
Zacks has also assigned Vector Group an industry rank of 32 out of 256 based on the ratings given to related companies.
A number of equities research analysts have recently commented on VGR shares. ValuEngine upgraded Vector Group from a “strong sell” rating to a “sell” rating in a research report on Wednesday, July 31st. Zacks Investment Research upgraded Vector Group from a “sell” rating to a “hold” rating in a research report on Saturday, July 13th.
Several large investors have recently made changes to their positions in VGR. Dimensional Fund Advisors LP grew its stake in shares of Vector Group by 5.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,097,087 shares of the company’s stock worth $30,135,000 after acquiring an additional 151,917 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Vector Group by 2.7% during the fourth quarter. Geode Capital Management LLC now owns 1,095,048 shares of the company’s stock worth $10,654,000 after acquiring an additional 28,284 shares during the last quarter. Metropolitan Life Insurance Co. NY grew its stake in shares of Vector Group by 370.4% during the fourth quarter. Metropolitan Life Insurance Co. NY now owns 33,918 shares of the company’s stock worth $330,000 after acquiring an additional 26,708 shares during the last quarter. Legal & General Group Plc grew its stake in shares of Vector Group by 10.9% during the fourth quarter. Legal & General Group Plc now owns 43,265 shares of the company’s stock worth $421,000 after acquiring an additional 4,265 shares during the last quarter. Finally, Amalgamated Bank grew its stake in shares of Vector Group by 40.9% during the fourth quarter. Amalgamated Bank now owns 14,620 shares of the company’s stock worth $142,000 after acquiring an additional 4,243 shares during the last quarter. Institutional investors own 51.89% of the company’s stock.
VGR traded down $0.02 during trading on Thursday, reaching $11.37. The stock had a trading volume of 1,591,923 shares, compared to its average volume of 1,423,120. The stock has a market cap of $1.61 billion, a price-to-earnings ratio of 19.60 and a beta of 0.76. Vector Group has a 1-year low of $8.62 and a 1-year high of $16.87. The stock has a 50 day simple moving average of $10.27.
Vector Group (NYSE:VGR) last released its earnings results on Wednesday, August 7th. The company reported $0.29 earnings per share for the quarter, topping analysts’ consensus estimates of $0.10 by $0.19. The firm had revenue of $538.40 million during the quarter, compared to the consensus estimate of $494.50 million. Vector Group had a negative return on equity of 20.37% and a net margin of 4.55%. The firm’s revenue for the quarter was up 11.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.19 earnings per share. As a group, sell-side analysts anticipate that Vector Group will post 0.57 earnings per share for the current year.
Vector Group Company Profile
Vector Group Ltd., through its subsidiaries, manufactures and sells cigarettes in the United States. It operates in two segments, Tobacco and Real Estate. The company produces cigarettes in 109 combinations under the Pyramid, EAGLE 20's, Grand Prix, Liggett Select, Eve, and USA brand names, as well as various partner and private label brands.
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