Hims & Hers Health (NYSE:HIMS) will be added to the S&P SmallCap 600, replacing Vector Group (NYSE:VGR), effective before the open on October 9, 2024. The change follows an announced acquisition of Vector Group by JT Group expected to close pending final conditions.
The table of effective index changes lists HIMS as an addition to Health Care and VGR as a deletion from Consumer Staples.
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Market Context
This announcement adds Hims & Hers to the S&P SmallCap 600 effective October 9, 2024, increasing its...
Analysis
This announcement adds Hims & Hers to the S&P SmallCap 600 effective October 9, 2024, increasing its visibility among index-tracking and benchmarked investors. Recent history shows the company pairing strong financial growth with strategic initiatives in weight loss and subscriber benefits. Investors may watch how this index inclusion interacts with those fundamentals, alongside insider activity and future earnings updates, to assess how sustainable the company’s current positioning and growth trajectory prove over time.
Key Figures
Index inclusion date:October 9, 2024
1 metrics
Index inclusion dateOctober 9, 2024Effective date for S&P SmallCap 600 addition
Strong 2025 results and 2026 guidance with revenue and EBITDA growth targets.
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Pattern Detected
Recent company news, especially on strategy and partnerships, has usually aligned with positive price reactions, with only one mild divergence on earnings.
Recent Company History
Over the last several months, Hims & Hers has reported strong growth and strategic expansion. Full-year 2025 revenue reached $2.35 billion with $318.0 million in Adjusted EBITDA and over 2.5 million subscribers, while 2026 guidance called for $2.7B–$2.9B in revenue. Subsequent updates focused on GLP-1-based weight-loss offerings, a strategic shift in its US weight-loss business, and customer-focused benefits, all drawing generally positive share reactions. The S&P SmallCap 600 addition follows this trajectory of operational and market visibility milestones.
Key Terms
s&p smallcap 600, gics sector, s&p 500, dow jones industrial average, +2 more
A stock market index made up of 600 small-cap U.S. companies chosen to represent the performance of smaller publicly traded firms. It matters to investors because it acts like a temperature gauge for the small-company segment of the market, serving as a benchmark for fund managers, a basis for index funds and ETFs, and a way to compare returns and risk when building a diversified portfolio.
gics sectorfinancial
"Effective Date | Index Name | Action | Company Name | Ticker | GICS Sector"
GICS sector is one of the major industry groupings from the Global Industry Classification Standard, a system that sorts companies into consistent categories (like Technology or Health Care) based on the primary business they do. Investors use these sectors like folders in a filing cabinet to compare companies, build diversified portfolios, and track how whole parts of the market are performing rather than focusing on single stocks.
s&p 500financial
"such as the S&P 500® and the Dow Jones Industrial Average®."
The S&P 500 is a broad stock market index that tracks the performance of 500 large U.S. companies, weighted so bigger firms have a larger impact. Investors use it like a thermometer or benchmark to judge how the overall U.S. stock market or a portfolio is doing; movements in the index influence investor sentiment, fund performance, and many passive investment products that aim to match its returns.
"such as the S&P 500® and the Dow Jones Industrial Average®."
A stock market index that tracks the share prices of a small group of large, well-known companies to give a quick snapshot of how the broader market is doing. Think of it like a thermometer for the stock market: it uses a handful of heavyweight firms as representative samples to show whether investor sentiment is rising or falling, which helps investors gauge market trends and compare performance over time.
"S&P Dow Jones Indices is the largest global resource for essential index-based concepts"
Indices are measurements that track the combined performance of a selected group of stocks or other financial assets, acting like a thermometer for a segment of the market. They matter to investors because they reveal broad market trends, provide a benchmark to judge how individual investments perform, and underpin index-based funds that let people buy wide exposure without choosing single stocks — like buying the score of a whole team instead of one player.
nysefinancial
"Hims & Hers Health, Inc. (NYSE:HIMS) will replace Vector Group Ltd (NYSE:VGR)"
A large, regulated marketplace where stocks and other securities are listed and traded, acting like a global auction house that matches buyers and sellers and helps determine share prices. It matters to investors because listing and trading there provide liquidity, price discovery, and regulatory oversight—making it easier to buy or sell holdings and giving companies a visible platform that can affect credibility and access to capital.
NEW YORK, Oct. 4, 2024 /PRNewswire/ -- Hims & Hers Health, Inc. (NYSE:HIMS) will replace Vector Group Ltd (NYSE:VGR) in the S&P SmallCap 600 effective prior to the opening of trading on Wednesday, October 9. JT Group is acquiring Vector Group in a deal expected to close soon pending final conditions.
Following is a summary of the changes that will take place prior to the open of trading on the effective date:
Effective Date
Index Name
Action
Company Name
Ticker
GICS Sector
October 9, 2024
S&P SmallCap 600
Addition
Hims & Hers Health
HIMS
Health Care
S&P SmallCap 600
Deletion
Vector Group
VGR
Consumer Staples
For more information about S&P Dow Jones Indices, please visit www.spdji.com
ABOUT S&P DOW JONES INDICES
S&P Dow Jones Indices is the largest global resource for essential index-based concepts, data and research, and home to iconic financial market indicators, such as the S&P 500® and the Dow Jones Industrial Average®. More assets are invested in products based on our indices than products based on indices from any other provider in the world. Since Charles Dow invented the first index in 1884, S&P DJI has been innovating and developing indices across the spectrum of asset classes helping to define the way investors measure and trade the markets.
S&P Dow Jones Indices is a division of S&P Global (NYSE: SPGI), which provides essential intelligence for individuals, companies, and governments to make decisions with confidence. For more information, visit www.spdji.com.
When will Hims & Hers (HIMS) join the S&P SmallCap 600 and replace Vector Group (VGR)?
Hims & Hers will join the index effective prior to the open on October 9, 2024. According to S&P Dow Jones Indices, the change reflects an index addition for HIMS and deletion for VGR on that effective date.
Why is Vector Group (VGR) being removed from the S&P SmallCap 600?
Vector Group is being removed because JT Group is acquiring Vector Group, with the deal expected to close pending final conditions. According to S&P Dow Jones Indices, the acquisition prompted VGR's deletion from the index.
What sector classification will Hims & Hers (HIMS) have in the S&P SmallCap 600?
Hims & Hers will be classified in the Health Care sector in the S&P SmallCap 600. According to S&P Dow Jones Indices, the index table lists HIMS under the Health Care GICS sector at the effective date.
How will the October 9, 2024 S&P SmallCap 600 change affect HIMS shareholders?
The index addition means funds tracking the S&P SmallCap 600 may purchase HIMS shares around the effective date. According to S&P Dow Jones Indices, HIMS will be added prior to the open on October 9, 2024, which can increase demand.
Will Vector Group (VGR) remain listed after the JT Group acquisition announcement?
Vector Group remains listed until the acquisition closes and the index deletion takes effect. According to S&P Dow Jones Indices, VGR is scheduled for deletion from the S&P SmallCap 600 on October 9, 2024, pending final closing conditions.
Where can investors find official details about the S&P SmallCap 600 changes involving HIMS and VGR?
Investors can find official index change details on the S&P Dow Jones Indices website and related notices. According to S&P Dow Jones Indices, the index provider publishes effective dates, actions, and sector classifications for such changes.
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