Zacks Research Downgrades Vince (NASDAQ:VNCE) to Hold

Vince (NASDAQ:VNCEGet Free Report) was downgraded by equities research analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research note issued to investors on Monday,Zacks.com reports.

A number of other brokerages have also recently issued reports on VNCE. Wall Street Zen upgraded shares of Vince to a “buy” rating in a research note on Saturday, May 23rd. Noble Financial reiterated an “outperform” rating on shares of Vince in a research report on Thursday, April 16th. Finally, Weiss Ratings upgraded shares of Vince from a “sell (d)” rating to a “sell (d+)” rating in a research report on Tuesday, April 21st. One research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Vince presently has a consensus rating of “Hold” and an average price target of $4.50.

Get Our Latest Stock Analysis on VNCE

Vince Trading Up 38.7%

Shares of VNCE stock opened at $6.95 on Monday. Vince has a 52-week low of $1.02 and a 52-week high of $7.20. The stock has a market cap of $89.31 million, a price-to-earnings ratio of 14.18 and a beta of 1.38. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.51 and a current ratio of 1.49. The firm has a fifty day moving average of $4.18 and a 200-day moving average of $3.39.

Vince (NASDAQ:VNCEGet Free Report) last announced its quarterly earnings data on Tuesday, June 16th. The company reported ($0.16) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.03). Vince had a net margin of 2.13% and a return on equity of 11.08%. The business had revenue of $64.04 million during the quarter, compared to analyst estimates of $63.05 million. On average, equities research analysts forecast that Vince will post 0.55 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of VNCE. XTX Topco Ltd bought a new position in Vince during the 4th quarter worth approximately $44,000. Algert Global LLC bought a new position in Vince during the 3rd quarter worth approximately $57,000. Dimensional Fund Advisors LP boosted its stake in Vince by 46.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 48,399 shares of the company’s stock worth $117,000 after acquiring an additional 15,266 shares during the last quarter. Jane Street Group LLC bought a new position in Vince during the 4th quarter worth approximately $148,000. Finally, Goldman Sachs Group Inc. bought a new position in Vince during the 4th quarter worth approximately $151,000. Institutional investors own 16.11% of the company’s stock.

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About Vince

(Get Free Report)

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.

Further Reading

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