Vince (NASDAQ:VNCE) Posts Quarterly Earnings Results, Beats Expectations By $0.76 EPS

Vince (NASDAQ:VNCE) released its earnings results on Thursday. The company reported $1.02 earnings per share for the quarter, topping analysts’ consensus estimates of $0.26 by $0.76, FiscalAI reports. The business had revenue of $81.79 million for the quarter, compared to analyst estimates of $81.03 million. Vince had a net margin of 2.97% and a return on equity of 15.85%.

Vince Price Performance

Vince stock opened at $6.38 on Thursday. The firm has a market capitalization of $81.96 million, a PE ratio of 9.11 and a beta of 1.37. Vince has a 52 week low of $1.47 and a 52 week high of $8.20. The firm’s 50-day simple moving average is $6.40 and its 200 day simple moving average is $4.84. The company has a quick ratio of 0.47, a current ratio of 1.74 and a debt-to-equity ratio of 0.60.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of VNCE. FreeGulliver LLC boosted its holdings in shares of Vince by 203.6% during the fourth quarter. FreeGulliver LLC now owns 484,412 shares of the company’s stock worth $1,976,000 after purchasing an additional 324,835 shares during the last quarter. Two Sigma Investments LP increased its stake in Vince by 481.6% in the third quarter. Two Sigma Investments LP now owns 75,969 shares of the company’s stock valued at $254,000 after purchasing an additional 62,907 shares during the last quarter. Renaissance Technologies LLC lifted its position in Vince by 70.0% during the fourth quarter. Renaissance Technologies LLC now owns 137,450 shares of the company’s stock worth $561,000 after buying an additional 56,600 shares during the period. Marshall Wace LLP purchased a new position in Vince during the fourth quarter worth about $212,000. Finally, Quadrature Capital Ltd acquired a new stake in Vince in the 4th quarter worth about $191,000. 16.11% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Wall Street Zen lowered Vince from a “buy” rating to a “hold” rating in a research report on Saturday, June 27th. Noble Financial reaffirmed an “outperform” rating on shares of Vince in a report on Wednesday, June 17th. Weiss Ratings upgraded Vince from a “sell (d+)” rating to a “hold (c)” rating in a research report on Tuesday, June 23rd. Finally, Zacks Research downgraded Vince from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 15th. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $4.50.

About Vince

Vince Holding Corp. designs, merchandises, and sells luxury apparel and accessories in the United States and internationally. It operates through three segments: Vince Wholesale, Vince Direct-to-Consumer, and Rebecca Taylor and Parker. The company offers a range of women’s products, such as cashmere sweaters, silk blouses, leather and suede leggings and jackets, dresses, skirts, denims, pants, t-shirts, footwear, outerwear, and accessories; and men’s products comprising t-shirts, knit and woven tops, sweaters, denims, pants, blazers, footwear, and outerwear under the Vince brand.