Vince Holding Corp. (NYSE:VNCE) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued 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. “

A number of other research analysts also recently issued reports on the stock. Piper Jaffray Cos. raised shares of Vince Holding Corp. from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $6.00 to $8.00 in a research report on Monday, August 22nd. They noted that the move was a valuation call. Stifel Nicolaus restated a “hold” rating and set a $7.00 target price on shares of Vince Holding Corp. in a report on Monday, September 12th. Robert W. Baird boosted their target price on shares of 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 set a $6.50 target price on shares of Vince Holding Corp. in a report on Wednesday, September 14th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company’s stock. Vince Holding Corp. currently has a consensus rating of “Hold” and a consensus price target of $6.25.

Analyst Recommendations for Vince Holding Corp. (NYSE:VNCE)

Shares of Vince Holding Corp. (NYSE:VNCE) opened at 5.40 on Wednesday. The stock has a market cap of $266.82 million, a P/E ratio of 57.45 and a beta of 2.55. Vince Holding Corp. has a one year low of $3.49 and a one year high of $8.11. The stock has a 50 day moving average of $6.02 and a 200 day moving average of $5.73.

Vince Holding Corp. (NYSE:VNCE) last issued its quarterly earnings data on Thursday, September 8th. The company reported ($0.04) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.06) by $0.02. The business had revenue of $60.70 million for the quarter, compared to the consensus estimate of $64.15 million. Vince Holding Corp. had a net margin of 1.30% and a return on equity of 1.13%. The company’s quarterly revenue was down 24.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.14 EPS. On average, analysts forecast that Vince Holding Corp. will post $0.04 EPS for the current year.

Institutional investors have recently made changes to their positions in the company. Rhumbline Advisers boosted its position in shares of Vince Holding Corp. by 18.8% in the second quarter. Rhumbline Advisers now owns 18,330 shares of the company’s stock worth $100,000 after buying an additional 2,895 shares during the last quarter. California Public Employees Retirement System raised its position in shares of 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 during the period. Blair William & Co. IL raised its position in shares of 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 during the period. California State Teachers Retirement System raised its position in shares of Vince Holding Corp. by 38.6% in the second quarter. California State Teachers Retirement System now owns 45,188 shares of the company’s stock worth $248,000 after buying an additional 12,596 shares during the period. Finally, Nationwide Fund Advisors raised its position in shares of 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 during the period. Institutional investors own 26.30% 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.

5 Day Chart for NYSE:VNCE

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