Vector Group (NYSE:VGR) PT Lowered to $15.00 at Barclays

Vector Group (NYSE:VGRGet Rating) had its price objective dropped by analysts at Barclays from $16.00 to $15.00 in a note issued to investors on Friday, The Fly reports. Barclays‘s price objective points to a potential upside of 47.64% from the stock’s previous close.

Separately, StockNews.com assumed coverage on Vector Group in a research report on Thursday, March 31st. They set a “buy” rating for the company.

Shares of Vector Group stock opened at $10.16 on Friday. The company’s 50-day moving average price is $12.25 and its two-hundred day moving average price is $12.33. Vector Group has a 52 week low of $10.03 and a 52 week high of $17.39. The stock has a market cap of $1.57 billion, a PE ratio of 7.10 and a beta of 1.00.

Vector Group (NYSE:VGRGet Rating) last posted its quarterly earnings data on Tuesday, May 10th. The company reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by ($0.08). The company had revenue of $312.04 million for the quarter, compared to analyst estimates of $285.70 million. Vector Group had a negative return on equity of 30.49% and a net margin of 10.96%. Equities research analysts anticipate that Vector Group will post 1.13 EPS for the current fiscal year.

In related news, Director Bennett S. Lebow sold 100,000 shares of the firm’s stock in a transaction dated Wednesday, March 30th. The stock was sold at an average price of $10.69, for a total value of $1,069,000.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Ronald J. Bernstein sold 10,000 shares of the firm’s stock in a transaction dated Thursday, May 12th. The shares were sold at an average price of $11.55, for a total value of $115,500.00. Following the completion of the transaction, the director now owns 62,630 shares in the company, valued at approximately $723,376.50. The disclosure for this sale can be found here. 7.54% of the stock is currently owned by corporate insiders.

A number of institutional investors and hedge funds have recently modified their holdings of VGR. Goldman Sachs Group Inc. boosted its holdings in Vector Group by 239.8% during the first quarter. Goldman Sachs Group Inc. now owns 1,451,368 shares of the company’s stock worth $17,474,000 after buying an additional 1,024,249 shares during the last quarter. Victory Capital Management Inc. boosted its holdings in Vector Group by 200.8% during the first quarter. Victory Capital Management Inc. now owns 1,268,620 shares of the company’s stock worth $16,137,000 after buying an additional 846,808 shares during the last quarter. Vanguard Group Inc. boosted its holdings in Vector Group by 4.1% during the first quarter. Vanguard Group Inc. now owns 17,140,300 shares of the company’s stock worth $206,369,000 after buying an additional 673,806 shares during the last quarter. Pacer Advisors Inc. bought a new position in Vector Group during the fourth quarter worth about $5,747,000. Finally, Schonfeld Strategic Advisors LLC bought a new position in Vector Group during the fourth quarter worth about $5,152,000. Hedge funds and other institutional investors own 62.76% of the company’s stock.

Vector Group Company Profile (Get Rating)

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 100 combinations under the EAGLE 20's, Pyramid, Montego, Grand Prix, Liggett Select, Eve, and USA brand names, as well as various partner and private label brands.

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