Vector Group Ltd. (NYSE:VGR) has been assigned a consensus broker rating score of 1.00 (Strong Buy) from the one brokers that cover the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a strong buy rating.
Brokers have set a twelve-month consensus target price of $27.00 for the company and are expecting that the company will post $0.18 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Vector Group an industry rank of 173 out of 265 based on the ratings given to related companies.
Several research firms recently commented on VGR. Zacks Investment Research lowered Vector Group from a “buy” rating to a “hold” rating in a report on Tuesday, May 30th. BidaskClub downgraded Vector Group from a “buy” rating to a “hold” rating in a research report on Wednesday, July 5th.
In other news, insider Howard M. Lorber sold 226,834 shares of the firm’s stock in a transaction that occurred on Tuesday, May 16th. The stock was sold at an average price of $21.36, for a total value of $4,845,174.24. Following the transaction, the insider now owns 436,665 shares in the company, valued at $9,327,164.40. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 12.90% of the company’s stock.
A number of institutional investors have recently made changes to their positions in VGR. Envestnet Asset Management Inc. increased its position in shares of Vector Group by 55.6% in the fourth quarter. Envestnet Asset Management Inc. now owns 6,746 shares of the company’s stock worth $153,000 after buying an additional 2,411 shares during the last quarter. Ameritas Investment Partners Inc. bought a new position in shares of Vector Group during the first quarter worth approximately $167,000. Waldron LP acquired a new stake in Vector Group during the first quarter valued at about $202,000. Park Avenue Securities LLC acquired a new stake in Vector Group during the first quarter valued at about $210,000. Finally, Solaris Asset Management LLC boosted its stake in Vector Group by 3.1% in the first quarter. Solaris Asset Management LLC now owns 12,317 shares of the company’s stock valued at $256,000 after buying an additional 375 shares during the period. Hedge funds and other institutional investors own 46.98% of the company’s stock.
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Vector Group (NYSE:VGR) traded up 0.71% during midday trading on Tuesday, hitting $21.31. The company’s stock had a trading volume of 709,662 shares. The company has a market cap of $2.76 billion, a price-to-earnings ratio of 57.75 and a beta of 0.47. The company’s 50-day moving average is $21.54 and its 200 day moving average is $21.63. Vector Group has a one year low of $19.79 and a one year high of $23.24.
Vector Group (NYSE:VGR) last posted its earnings results on Friday, May 5th. The company reported $0.14 EPS for the quarter, topping the consensus estimate of $0.11 by $0.03. The firm had revenue of $415.20 million for the quarter, compared to analyst estimates of $369.60 million. Vector Group had a negative return on equity of 37.58% and a net margin of 2.76%. Vector Group’s revenue for the quarter was up 9.0% compared to the same quarter last year. During the same period last year, the company earned $0.16 earnings per share. On average, analysts predict that Vector Group will post $0.64 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Thursday, June 29th. Stockholders of record on Tuesday, June 20th were given a $0.40 dividend. The ex-dividend date was Friday, June 16th. This represents a $1.60 annualized dividend and a dividend yield of 7.51%. Vector Group’s dividend payout ratio (DPR) is presently 420.53%.
Vector Group Company Profile
Vector Group Ltd. is a holding company. The Company is engaged in the manufacture and sale of cigarettes in the United States through its Liggett Group LLC (Liggett) and Vector Tobacco Inc (Vector Tobacco) subsidiaries, and the real estate business through its New Valley LLC subsidiary, which is seeking to acquire or invest in additional real estate properties or projects.
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