Vector Group Ltd. (NYSE: VGR) stock jumped 3.10% on Tuesday to $11.96 against a previous-day closing price of $11.60. With 0.72 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.87 million shares. During the session, the Tobacco company that operates in wider Consumer Defensive sector, reached to the highest price of $12.03 whereas the lowest price it dropped to was $11.65. The 52-week range on VGR shows that it touched its highest point at $14.39 and its lowest point at $8.64 during that stretch. It currently has a 1-year price target of $15.50. With its current market cap of 1.83 billion, VGR has annualized dividend of $0.80 while the current yield stands at 6.69%. Beta for the stock currently stands at 1.11.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of VGR was up-trending over the past week, with a rise of 7.94%, but this was down by -5.23% over a month. Three-month performance dropped to -12.83% while six-month performance rose 7.75%. The stock gained 4.00% in the past year, while it has gained 0.84% so far this year. A look at the trailing 12-month EPS for VGR yields 1.00 with Next year EPS estimates of 1.62. For the next quarter, that number is 0.34. This implies an EPS growth rate of 8.50% for this year and 12.50% for next year. EPS is expected to grow by 18.60% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 24.30%.
Float and Shares Shorts:
At present, 152.86 million VGR shares are outstanding with a float of 131.04 million shares on hand for trading. On Apr 27, 2023, short shares totaled 2.27 million, which was 1.46% higher than short shares on Mar 30, 2023. In addition to Mr. Howard M. Lorber as the firm’s Pres, CEO & Director, Mr. James Bryant Kirkland III serves as its Sr. VP, CFO & Treasurer.
Through their ownership of 63.56% of VGR’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 41.60% of VGR, in contrast to 22.12% held by mutual funds. Shares owned by individuals account for 18.02%. As the largest shareholder in VGR with 12.99% of the stake, BlackRock Fund Advisors holds 20,287,277 shares worth 20,287,277. A second-largest stockholder of VGR, The Vanguard Group, Inc., holds 16,764,406 shares, controlling over 10.73% of the firm’s shares. Capital Research & Management Co is the third largest shareholder in VGR, holding 8,300,774 shares or 5.32% stake. With a 6.10% stake in VGR, the iShares Core S&P Small Cap ETF is the largest stakeholder. A total of 9,528,687 shares are owned by the mutual fund manager. The Capital Income Builder, which owns about 3.83% of VGR stock, is the second-largest Mutual Fund holder. It holds 5,976,012 shares valued at 76.13 million. Vanguard Total Stock Market ETF holds 2.63% of the stake in VGR, owning 4,106,487 shares worth 52.32 million.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Mar 30, 2023, VGR reported revenue of $387.20M and operating income of $90.77M. The EBITDA in the recently reported quarter was $91.34M and diluted EPS was $0.25.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for VGR since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With VGR analysts setting a high price target of $16.00 and a low target of $15.00, the average target price over the next 12 months is $15.50. Based on these targets, VGR could surge 33.78% to reach the target high and rise by 25.42% to reach the target low. Reaching the average price target will result in a growth of 29.6% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.
Summary of Insider Activity:
Insiders traded VGR stock several times over the past three months with 1 Buys and 7 Sells. In these transactions, 137,500 shares were bought while 307,728 shares were sold. The number of buy transactions has increased to 21 while that of sell transactions has risen to 29 over the past year. The total number of shares bought during that period was 1,963,968 while 2,626,738 shares were sold.