Somewhat Positive Press Coverage Somewhat Unlikely to Impact Vince Holding Corp. (VNCE) Share Price
News stories about Vince Holding Corp. (NYSE:VNCE) have been trending somewhat positive on Tuesday, Accern reports. Accern scores the sentiment of media coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Vince Holding Corp. earned a coverage optimism score of 0.13 on Accern’s scale. Accern also gave news articles about the textile maker an impact score of 44.7184423696019 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Vince Holding Corp. (NYSE VNCE) traded down $0.09 during trading hours on Tuesday, reaching $3.39. The company’s stock had a trading volume of 23,487 shares, compared to its average volume of 32,240. The company has a debt-to-equity ratio of -2.19, a quick ratio of 0.74 and a current ratio of 1.79. Vince Holding Corp. has a one year low of $2.80 and a one year high of $52.50.
Vince Holding Corp. (NYSE:VNCE) last released its quarterly earnings results on Thursday, September 7th. The textile maker reported ($0.20) EPS for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.13). Vince Holding Corp. had a negative return on equity of 120.03% and a negative net margin of 68.88%. The firm had revenue of $60.82 million for the quarter.
Separately, ValuEngine upgraded Vince Holding Corp. from a “strong sell” rating to a “sell” rating in a research note on Wednesday, October 25th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the stock. Vince Holding Corp. currently has a consensus rating of “Hold” and an average price target of $3.17.
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In related news, major shareholder Sun Capital Partners V. Lp acquired 13,373,435 shares of Vince Holding Corp. stock in a transaction dated Friday, September 8th. The shares were acquired at an average cost of $0.45 per share, for a total transaction of $6,018,045.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Marc J. Leder acquired 17,831,247 shares of Vince Holding Corp. stock in a transaction dated Friday, September 8th. The stock was bought at an average price of $0.45 per share, for a total transaction of $8,024,061.15. The disclosure for this purchase can be found here. 74.00% of the stock is owned by corporate insiders.
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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