Vince Holding Corp. (NYSE:VNCE) major shareholder Sun Capital Partners V. Lp acquired 13,373,435 shares of the stock in a transaction that occurred on Friday, September 8th. The stock was purchased at an average price of $0.45 per share, for a total transaction of $6,018,045.75. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Major shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.
Vince Holding Corp. (VNCE) opened at 0.5196 on Wednesday. The stock’s market capitalization is $25.69 million. The company has a 50-day moving average of $0.51 and a 200-day moving average of $0.82. Vince Holding Corp. has a 52-week low of $0.28 and a 52-week high of $6.43.
Vince Holding Corp. (NYSE:VNCE) last posted its earnings results on Thursday, September 7th. The textile maker reported ($0.20) EPS for the quarter, missing the Thomson Reuters’ 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 return on equity of 120.03% and a negative net margin of 68.88%. Equities research analysts expect 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 report on Friday, June 2nd. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $3.17.
Several institutional investors have recently bought and sold shares of the stock. Paradigm Capital Management Inc. NY lifted its position in shares of Vince Holding Corp. by 71.2% during the 1st quarter. Paradigm Capital Management Inc. NY now owns 1,926,300 shares of the textile maker’s stock worth $2,985,000 after buying an additional 801,000 shares during the period. Vanguard Group Inc. lifted its position in shares of Vince Holding Corp. by 69.7% during the 2nd quarter. Vanguard Group Inc. now owns 857,522 shares of the textile maker’s stock worth $404,000 after buying an additional 352,097 shares during the period. Cove Street Capital LLC bought a new position in shares of Vince Holding Corp. during the 1st quarter worth approximately $542,000. California Public Employees Retirement System lifted its position in shares of Vince Holding Corp. by 314.3% during the 1st quarter. California Public Employees Retirement System now owns 84,360 shares of the textile maker’s stock worth $131,000 after buying an additional 64,000 shares during the period. Finally, Teachers Advisors LLC lifted its position in shares of Vince Holding Corp. by 15.0% during the 4th quarter. Teachers Advisors LLC now owns 45,141 shares of the textile maker’s stock worth $183,000 after buying an additional 5,883 shares during the period. Institutional investors and hedge funds own 14.32% of the company’s stock.
Vince Holding Corp. Company Profile
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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