Vince Holding Corp. (VNCE) Given a $8.00 Price Target by Piper Jaffray Cos. Analysts
Vince Holding Corp. (NYSE:VNCE) received a $8.00 price target from equities research analysts at Piper Jaffray Cos. in a report released on Monday. The brokerage currently has a a “buy” rating on the stock. Piper Jaffray Cos.’s price target would indicate a potential upside of 92.77% from the company’s previous close.
A number of other equities analysts also recently issued reports on the stock. Zacks Investment Research raised shares of Vince Holding Corp. from a “sell” rating to a “hold” rating in a report on Thursday, November 3rd. B. Riley reaffirmed a “neutral” rating and set a $6.50 price objective on shares of Vince Holding Corp. in a report on Wednesday, September 14th. Stifel Nicolaus reaffirmed a “hold” rating and set a $7.00 price objective on shares of Vince Holding Corp. in a report on Monday, September 12th. Finally, Robert W. Baird lifted their price objective on shares of Vince Holding Corp. from $5.00 to $6.00 and gave the stock a “neutral” rating in a report on Friday, September 9th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $5.78.
Shares of Vince Holding Corp. (NYSE:VNCE) opened at 4.15 on Monday. 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 $5.25 and its 200 day moving average is $5.54. The company has a market capitalization of $205.06 million, a price-to-earnings ratio of 44.15 and a beta of 2.51.
Vince Holding Corp. (NYSE:VNCE) last posted its quarterly earnings data on Thursday, September 8th. The company reported ($0.04) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.06) by $0.02. The firm 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 business’s revenue for the quarter 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, equities research analysts anticipate that Vince Holding Corp. will post $0.04 earnings per share for the current year.
Several large investors have recently added to or reduced their stakes in the company. Fuller & Thaler Asset Management Inc. acquired a new stake in Vince Holding Corp. during the third quarter worth approximately $2,596,000. Avalon Global Asset Management LLC purchased a new stake in shares of Vince Holding Corp. during the third quarter worth about $564,000. California State Teachers Retirement System boosted its stake in shares of Vince Holding Corp. by 0.9% in the third quarter. California State Teachers Retirement System now owns 45,588 shares of the company’s stock worth $257,000 after buying an additional 400 shares in the last quarter. BlackRock Institutional Trust Company N.A. boosted its stake in shares of Vince Holding Corp. by 1.2% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 522,593 shares of the company’s stock worth $2,947,000 after buying an additional 6,131 shares in the last quarter. Finally, Rhumbline Advisers boosted its stake in shares of Vince Holding Corp. by 1.1% in the third quarter. Rhumbline Advisers now owns 18,540 shares of the company’s stock worth $105,000 after buying an additional 210 shares in the last quarter. Institutional investors own 26.68% 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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