Zacks: Vector Group Ltd (VGR) Receives Average Recommendation of “Hold” from Analysts

Vector Group Ltd (NYSE:VGR) has been given an average broker rating score of 3.00 (Hold) from the one analysts that provide coverage for the stock, Zacks Investment Research reports. One analyst has rated the stock with a hold recommendation. Vector Group’s rating score has declined by 200% from 90 days ago as a result of various analysts’ upgrades and downgrades.

Zacks has also assigned Vector Group an industry rank of 110 out of 257 based on the ratings given to its competitors.

A number of brokerages have commented on VGR. Zacks Investment Research raised Vector Group from a “sell” rating to a “hold” rating in a report on Saturday, September 22nd. ValuEngine lowered Vector Group from a “hold” rating to a “sell” rating in a report on Wednesday, August 8th. Oppenheimer reaffirmed a “hold” rating on shares of Vector Group in a report on Wednesday, November 7th. Finally, UBS Group lowered Vector Group from an “outperform” rating to a “market perform” rating in a report on Wednesday, October 3rd.

Vector Group stock traded down $0.24 during trading hours on Thursday, reaching $11.84. 165,633 shares of the stock were exchanged, compared to its average volume of 2,152,935. The company has a market capitalization of $1.70 billion, a price-to-earnings ratio of 20.65 and a beta of 0.27. Vector Group has a twelve month low of $12.03 and a twelve month high of $23.14.

Vector Group (NYSE:VGR) last announced its quarterly earnings data on Wednesday, November 7th. The company reported $0.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.11 by $0.03. Vector Group had a net margin of 4.29% and a negative return on equity of 16.61%. The firm had revenue of $513.90 million for the quarter, compared to the consensus estimate of $495.70 million. During the same period in the prior year, the company posted $0.15 earnings per share. The business’s revenue for the quarter was up 6.0% on a year-over-year basis. On average, research analysts forecast that Vector Group will post 0.52 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 28th. Investors of record on Tuesday, December 18th will be paid a $0.40 dividend. The ex-dividend date is Monday, December 17th. This represents a $1.60 annualized dividend and a yield of 13.51%. Vector Group’s payout ratio is 280.70%.

In related news, major shareholder Phillip Md Et Al Frost sold 145,609 shares of the company’s stock in a transaction that occurred on Monday, November 19th. The stock was sold at an average price of $14.19, for a total value of $2,066,191.71. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Bennett S. Lebow sold 100,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 28th. The shares were sold at an average price of $12.47, for a total value of $1,247,000.00. Following the completion of the transaction, the director now owns 1,595,306 shares in the company, valued at approximately $19,893,465.82. The disclosure for this sale can be found here. In the last quarter, insiders sold 3,472,029 shares of company stock worth $46,576,002. 12.50% of the stock is owned by company insiders.

A number of institutional investors have recently bought and sold shares of the stock. Bank of Montreal Can increased its stake in Vector Group by 28.7% in the second quarter. Bank of Montreal Can now owns 15,128 shares of the company’s stock valued at $288,000 after acquiring an additional 3,371 shares during the last quarter. Cornerstone Wealth Management LLC bought a new stake in shares of Vector Group during the second quarter valued at approximately $556,000. Commonwealth Equity Services LLC increased its position in shares of Vector Group by 168.9% during the second quarter. Commonwealth Equity Services LLC now owns 211,837 shares of the company’s stock valued at $4,042,000 after acquiring an additional 133,048 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. increased its position in shares of Vector Group by 154.8% during the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 204,040 shares of the company’s stock valued at $3,893,000 after acquiring an additional 123,950 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Vector Group during the second quarter valued at approximately $1,423,000. Institutional investors and hedge funds own 49.08% of the company’s stock.

Vector Group Company Profile

Vector Group Ltd., through its subsidiaries, manufactures and sells cigarettes in the United States. It operates through Tobacco, E-Cigarettes, and Real Estate segments. The company produces cigarettes in 109 combinations under the PYRAMID, EAGLE 20's, GRAND PRIX, LIGGETT SELECT, and EVE brand names, as well as USA and various partner brands, and private label brands.

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