Price movement of Vector Group
Vector Group (VGR) has a market cap of $2.7 billion. It rose by 0.56% to close at $21.59 per share on June 1, 2016. The stock’s weekly, monthly, and year-to-date (or YTD) price movements were 1.2%, 2.1%, and -6.9%, respectively, on the same day.
This means that VGR is trading 2.4% above its 20-day moving average, 0.18% above its 50-day moving average, and 3.6% below its 200-day moving average.
Related ETF and peers
The Vanguard Small-Cap ETF (VB) invests 0.06% of its holdings in Vector Group. The ETF tracks the CRSP US Small Cap Index. The market-cap-weighted index includes the bottom 2%-15% of the investable universe. The YTD price movement of VB was 5.4% on June 1, 2016.
The market caps of Vector Group’s competitors are as follows:
Vector Group declared dividend
Vector Group has declared a regular quarterly cash dividend of $0.40 per share on its common stock. The dividend will be paid on June 29, 2016, to shareholders of record at the close of business on June 22, 2016.
Performance of Vector Group in fiscal 1Q16
Vector Group reported fiscal 1Q16 total revenues of $380.8 million, a rise of 5.5% compared to total revenues of $360.8 million in fiscal 1Q15. Revenue from the Tobacco and E-cigarettes segments fell by 3.1% and 90.9%, respectively.
Revenue from the Real Estate segment rose by 20.7% in fiscal 1Q16 compared to fiscal 1Q15. It reported litigation, settlement, and judgment expenses and restructuring charges of $2.4 million and $41,000, respectively, in fiscal 1Q16.
Its net income and EPS (earnings per share) fell to $19.3 million and $0.16, respectively, in fiscal 1Q16, compared to $21.2 million and $0.18, respectively, in fiscal 1Q15. It reported pro forma adjusted EBITDA (earnings before interest, tax, depreciation, and amortization) of $69.6 million in fiscal 1Q16, an increase of 35.7% compared to fiscal 1Q15.
In the next part, we’ll discuss Michael Kors Holdings (KORS).