Vince (NYSE:VNCE) Share Price Passes Below 200-Day Moving Average – Here’s What Happened

Shares of Vince Holding Corp. (NYSE:VNCE) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $2.84 and traded as low as $2.74. Vince shares last traded at $2.78, with a volume of 28,033 shares.

Analyst Ratings Changes

Separately, Noble Financial reissued an “outperform” rating on shares of Vince in a research note on Monday, January 5th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Vince presently has an average rating of “Moderate Buy” and a consensus target price of $4.50.

Vince Trading Down 3.1%

The company has a market capitalization of $37.08 million, a P/E ratio of -2.07 and a beta of 0.64. The company has a fifty day simple moving average of $3.05 and a two-hundred day simple moving average of $2.84. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.61 and a quick ratio of 0.51.

Vince (NYSE:VNCE) last issued its quarterly earnings data on Tuesday, December 9th. The textile maker reported $0.21 EPS for the quarter, beating analysts’ consensus estimates of $0.11 by $0.10. Vince had a positive return on equity of 11.37% and a negative net margin of 5.75%.The business had revenue of $85.13 million for the quarter, compared to analyst estimates of $80.88 million. During the same quarter in the prior year, the firm posted $0.34 EPS. On average, analysts forecast that Vince Holding Corp. will post 0.63 earnings per share for the current fiscal year.

Insider Buying and Selling at Vince

In related news, Director Eugenia Ulasewicz sold 11,322 shares of the company’s stock in a transaction on Wednesday, December 24th. The shares were sold at an average price of $4.34, for a total transaction of $49,137.48. Following the completion of the sale, the director directly owned 91,513 shares of the company’s stock, valued at approximately $397,166.42. This represents a 11.01% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 61.00% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. XTX Topco Ltd acquired a new stake in shares of Vince in the fourth quarter valued at about $44,000. Bridgeway Capital Management LLC boosted its stake in Vince by 31.8% during the 3rd quarter. Bridgeway Capital Management LLC now owns 59,656 shares of the textile maker’s stock valued at $199,000 after purchasing an additional 14,400 shares during the period. Algert Global LLC acquired a new stake in Vince in the 3rd quarter valued at approximately $57,000. Dimensional Fund Advisors LP bought a new position in Vince in the 4th quarter worth approximately $135,000. Finally, Jane Street Group LLC acquired a new position in shares of Vince during the fourth quarter worth approximately $148,000. Institutional investors and hedge funds own 16.11% of the company’s stock.

About Vince

Vince (NYSE: VNCE) is a Los Angeles–based designer, marketer and retailer of contemporary apparel, accessories and footwear. The company’s collections encompass women’s and men’s ready-to-wear, handbags, small leather goods, scarves, hosiery and footwear. Vince’s product ethos centers on understated luxury, combining high–quality fabrics—such as cashmere, silk, cotton and leather—with a minimalist design aesthetic intended to appeal to a broad base of fashion–conscious consumers.

Vince distributes its products through a multi–channel platform that includes full–price standalone stores, factory outlets, department store shop-in-shops and e-commerce.