Vector Group (VGR) Sets New 52-Week Low at $13.79

Vector Group Ltd (NYSE:VGR)’s share price hit a new 52-week low during trading on Thursday . The company traded as low as $13.79 and last traded at $13.87, with a volume of 40784 shares. The stock had previously closed at $14.05.

VGR has been the subject of several analyst reports. Zacks Investment Research lowered shares of Vector Group from a “hold” rating to a “sell” rating in a report on Wednesday, August 29th. ValuEngine lowered shares of Vector Group from a “hold” rating to a “sell” rating in a report on Wednesday, August 8th.

The firm has a market capitalization of $2.01 billion, a PE ratio of 24.33 and a beta of 0.28. The company has a debt-to-equity ratio of -2.54, a quick ratio of 1.17 and a current ratio of 1.36.

Vector Group (NYSE:VGR) last released its earnings results on Monday, August 6th. The company reported $0.19 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.18 by $0.01. The firm had revenue of $481.50 million during the quarter, compared to analyst estimates of $494.80 million. Vector Group had a net margin of 4.75% and a negative return on equity of 18.66%. The business’s revenue was up 2.0% on a year-over-year basis. During the same quarter last year, the business earned $0.25 EPS. equities analysts forecast that Vector Group Ltd will post 0.41 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 27th. Stockholders of record on Tuesday, September 18th will be issued a $0.40 dividend. The ex-dividend date is Monday, September 17th. This represents a $1.60 annualized dividend and a dividend yield of 11.64%. Vector Group’s dividend payout ratio (DPR) is presently 280.70%.

Institutional investors have recently added to or reduced their stakes in the company. Quantbot Technologies LP bought a new stake in shares of Vector Group in the 1st quarter worth about $115,000. Fort L.P. bought a new stake in Vector Group during the 2nd quarter valued at about $120,000. McKinley Carter Wealth Services Inc. bought a new stake in Vector Group during the 1st quarter valued at about $153,000. Cypress Capital Group bought a new stake in Vector Group during the 2nd quarter valued at about $217,000. Finally, Fisher Asset Management LLC bought a new stake in Vector Group during the 1st quarter valued at about $242,000. Hedge funds and other institutional investors own 46.38% of the company’s stock.

Vector Group Company Profile (NYSE:VGR)

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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