Vince Holding Corp. (VNCE) Director Marc J. Leder Buys 17,831,247 Shares of Stock
Vince Holding Corp. (NYSE:VNCE) Director Marc J. Leder purchased 17,831,247 shares of the firm’s stock in a transaction dated Friday, September 8th. The shares were bought at an average price of $0.45 per share, with a total value of $8,024,061.15. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
Shares of Vince Holding Corp. (NYSE:VNCE) opened at 0.5196 on Wednesday. The stock’s market cap is $25.69 million. Vince Holding Corp. has a 52 week low of $0.28 and a 52 week high of $6.43. The stock’s 50 day moving average is $0.51 and its 200 day moving average is $0.82.
Vince Holding Corp. (NYSE:VNCE) last issued its quarterly earnings data on Thursday, September 7th. The textile maker reported ($0.20) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.07) by ($0.13). The company had revenue of $60.82 million for the quarter. Vince Holding Corp. had a negative net margin of 68.88% and a negative return on equity of 120.03%. On average, equities analysts forecast that Vince Holding Corp. will post ($0.11) EPS for the current year.
Separately, ValuEngine lowered shares of Vince Holding Corp. from a “sell” rating to a “strong sell” rating in a research note on Friday, June 2nd. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $3.17.
A number of institutional investors have recently modified their holdings of VNCE. Teachers Advisors LLC lifted its position in Vince Holding Corp. by 15.0% during the fourth quarter. Teachers Advisors LLC now owns 45,141 shares of the textile maker’s stock valued at $183,000 after purchasing an additional 5,883 shares during the period. Paradigm Capital Management Inc. NY lifted its position in Vince Holding Corp. by 71.2% during the first quarter. Paradigm Capital Management Inc. NY now owns 1,926,300 shares of the textile maker’s stock valued at $2,985,000 after purchasing an additional 801,000 shares during the period. California Public Employees Retirement System lifted its position in Vince Holding Corp. by 314.3% during the first quarter. California Public Employees Retirement System now owns 84,360 shares of the textile maker’s stock valued at $131,000 after purchasing an additional 64,000 shares during the period. Cove Street Capital LLC bought a new position in Vince Holding Corp. during the first quarter valued at approximately $542,000. Finally, Vanguard Group Inc. lifted its position in Vince Holding Corp. by 69.7% during the second quarter. Vanguard Group Inc. now owns 857,522 shares of the textile maker’s stock valued at $404,000 after purchasing an additional 352,097 shares during the period. Institutional investors own 14.32% of the company’s stock.
About Vince Holding Corp.
Vince Holding Corp. (Vince) is a United States-based company, which offers a range of women’s and men’s apparel, women’s and men’s footwear, and handbags. The Company operates as a fashion brand. The Company operates in two segments: Wholesale and Direct-to-consumer. The Company’s Wholesale segment consists of its operations to distribute products to various department stores and specialty stores in the United States and select international markets.
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