Zacks Investment Research downgraded shares of Vince Holding Corp. (NYSE:VNCE) from a hold rating to a sell rating in a report published on Wednesday.
According to Zacks, “Vince Holding Corp. offers a broad range of women’s and men’s ready-to-wear including its signature cashmere sweaters, leather jackets, luxe leggings, dresses, silk and woven tops, denim and footwear. Vince Holding Corp. is based in New York. “
VNCE has been the topic of several other research reports. Stifel Nicolaus reaffirmed a hold rating and set a $7.00 price objective on shares of Vince Holding Corp. in a research note on Monday, September 12th. Piper Jaffray Cos. raised Vince Holding Corp. from a neutral rating to an overweight rating and raised their price objective for the stock from $6.00 to $8.00 in a research note on Monday, August 22nd. They noted that the move was a valuation call. Robert W. Baird raised their price objective on Vince Holding Corp. from $5.00 to $6.00 and gave the stock a neutral rating in a research note on Friday, September 9th. Finally, B. Riley reaffirmed a neutral rating and set a $6.50 price objective on shares of Vince Holding Corp. in a research note on Wednesday, September 14th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and a consensus target price of $6.25.
Vince Holding Corp. (NYSE:VNCE) traded down 3.58% during mid-day trading on Wednesday, hitting $5.39. The stock had a trading volume of 49,760 shares. The stock’s 50-day moving average is $6.15 and its 200 day moving average is $5.76. The company has a market capitalization of $266.33 million, a P/E ratio of 57.34 and a beta of 2.55. Vince Holding Corp. has a 52 week low of $3.49 and a 52 week high of $8.11.
Vince Holding Corp. (NYSE:VNCE) last posted its quarterly earnings results on Thursday, September 8th. The company reported ($0.04) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.06) by $0.02. Vince Holding Corp. had a return on equity of 1.13% and a net margin of 1.30%. The business had revenue of $60.70 million for the quarter, compared to analyst estimates of $64.15 million. During the same period last year, the company earned $0.14 EPS. The firm’s revenue was down 24.1% on a year-over-year basis. Equities analysts forecast that Vince Holding Corp. will post $0.04 earnings per share for the current fiscal year.
Several hedge funds have recently added to or reduced their stakes in the stock. Rhumbline Advisers increased its stake in Vince Holding Corp. by 18.8% in the second quarter. Rhumbline Advisers now owns 18,330 shares of the company’s stock valued at $100,000 after buying an additional 2,895 shares in the last quarter. Fox Run Management L.L.C. bought a new stake in Vince Holding Corp. during the third quarter worth about $122,000. Blair William & Co. IL increased its stake in Vince Holding Corp. by 41.1% in the second quarter. Blair William & Co. IL now owns 23,000 shares of the company’s stock worth $126,000 after buying an additional 6,700 shares in the last quarter. California Public Employees Retirement System increased its stake in Vince Holding Corp. by 27.4% in the second quarter. California Public Employees Retirement System now owns 23,060 shares of the company’s stock worth $126,000 after buying an additional 4,960 shares in the last quarter. Finally, Nationwide Fund Advisors increased its stake in Vince Holding Corp. by 189.8% in the second quarter. Nationwide Fund Advisors now owns 28,597 shares of the company’s stock worth $157,000 after buying an additional 18,728 shares in the last quarter. 26.61% of the stock is currently owned by hedge funds and other institutional investors.
About Vince Holding Corp.
Vince Holding Corp. (Vince) is a contemporary fashion brand known for modern style and everyday luxury essentials. The Company offers a range of women’s and men’s apparel, women’s and men’s footwear, and handbags. It operates in two segments: wholesale and direct-to-consumer. Its wholesale segment consists of sales to department stores and specialty stores in the United States and in select international markets.