Vince Holding Corp. (VNCE) Downgraded by Zacks Investment Research to “Sell”
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 subject of several other research reports. Stifel Nicolaus restated a hold rating and issued a $7.00 price objective on shares of Vince Holding Corp. in a report on Monday, September 12th. Piper Jaffray Cos. upgraded Vince Holding Corp. from a neutral rating to an overweight rating and upped their price objective for the company from $6.00 to $8.00 in a report on Monday, August 22nd. They noted that the move was a valuation call. Robert W. Baird upped their price objective on Vince Holding Corp. from $5.00 to $6.00 and gave the company a neutral rating in a report on Friday, September 9th. Finally, B. Riley restated a neutral rating and issued a $6.50 price objective on shares of Vince Holding Corp. in a report on Wednesday, September 14th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company. The stock presently has a consensus rating of Hold and an average target price of $6.25.
Shares of Vince Holding Corp. (NYSE:VNCE) traded down 3.58% during mid-day trading on Wednesday, reaching $5.39. The company’s stock had a trading volume of 49,760 shares. The company has a market capitalization of $266.33 million, a PE 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. The firm’s 50 day moving average is $6.15 and its 200-day moving average is $5.76.
Vince Holding Corp. (NYSE:VNCE) last announced its quarterly earnings data on Thursday, September 8th. The company reported ($0.04) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.06) by $0.02. The business earned $60.70 million during the quarter, compared to analyst estimates of $64.15 million. Vince Holding Corp. had a return on equity of 1.13% and a net margin of 1.30%. The company’s revenue was down 24.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.14 earnings per share. Analysts forecast that Vince Holding Corp. will post $0.04 EPS for the current year.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Oxford Asset Management increased its stake in Vince Holding Corp. by 94.0% in the second quarter. Oxford Asset Management now owns 396,941 shares of the company’s stock valued at $2,175,000 after buying an additional 192,337 shares during the period. Geode Capital Management LLC increased its stake in Vince Holding Corp. by 31.8% in the first quarter. Geode Capital Management LLC now owns 130,147 shares of the company’s stock valued at $823,000 after buying an additional 31,420 shares during the period. Royce & Associates LP increased its stake in Vince Holding Corp. by 102.8% in the second quarter. Royce & Associates LP now owns 1,049,798 shares of the company’s stock valued at $5,753,000 after buying an additional 532,098 shares during the period. 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 valued at $126,000 after buying an additional 6,700 shares during the period. Finally, State Street Corp increased its stake in Vince Holding Corp. by 18.5% in the first quarter. State Street Corp now owns 243,526 shares of the company’s stock valued at $1,541,000 after buying an additional 37,966 shares during the period. Hedge funds and other institutional investors own 26.61% of the company’s stock.
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.
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