Vince (NASDAQ:VNCE – Get Free Report) released its earnings results on Tuesday. The company reported ($0.16) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.03), FiscalAI reports. The business had revenue of $64.04 million during the quarter, compared to analysts’ expectations of $63.05 million. Vince had a net margin of 2.13% and a return on equity of 11.08%.
Vince Price Performance
Shares of NASDAQ:VNCE opened at $5.01 on Tuesday. The company has a current ratio of 1.49, a quick ratio of 0.51 and a debt-to-equity ratio of 0.39. Vince has a 1 year low of $1.02 and a 1 year high of $5.90. The business has a fifty day simple moving average of $4.09 and a 200 day simple moving average of $3.36. The firm has a market cap of $64.38 million, a price-to-earnings ratio of 10.22 and a beta of 1.38.
Wall Street Analyst Weigh In
A number of research firms have recently issued reports on VNCE. Noble Financial restated an “outperform” rating on shares of Vince in a report on Thursday, April 16th. Wall Street Zen upgraded Vince to a “buy” rating in a report on Saturday, May 23rd. Weiss Ratings upgraded Vince from a “sell (d)” rating to a “sell (d+)” rating in a report on Tuesday, April 21st. Finally, Zacks Research upgraded Vince from a “hold” rating to a “strong-buy” rating in a report on Friday, April 17th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Vince currently has an average rating of “Moderate Buy” and an average price target of $4.50.
Institutional Trading of Vince
Several hedge funds and other institutional investors have recently modified their holdings of VNCE. Bridgeway Capital Management LLC raised its holdings in shares of Vince by 31.8% during the third quarter. Bridgeway Capital Management LLC now owns 59,656 shares of the company’s stock worth $199,000 after acquiring an additional 14,400 shares in the last quarter. Two Sigma Investments LP raised its holdings in Vince by 481.6% during the third quarter. Two Sigma Investments LP now owns 75,969 shares of the company’s stock valued at $254,000 after buying an additional 62,907 shares in the last quarter. Algert Global LLC bought a new position in Vince during the third quarter valued at about $57,000. Goldman Sachs Group Inc. bought a new position in Vince during the fourth quarter valued at about $151,000. Finally, FreeGulliver LLC raised its holdings in Vince by 203.6% during the fourth quarter. FreeGulliver LLC now owns 484,412 shares of the company’s stock valued at $1,976,000 after buying an additional 324,835 shares in the last quarter. 16.11% of the stock is currently owned by hedge funds and other institutional investors.
Vince Company Profile
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.
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