Vince (NASDAQ:VNCE – Get Free Report) released its earnings results on Thursday. The company reported $1.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.26 by $0.76, FiscalAI reports. The firm had revenue of $81.79 million for the quarter, compared to analysts’ expectations of $81.03 million. Vince had a return on equity of 15.85% and a net margin of 2.97%.
Vince Trading Down 2.0%
Shares of VNCE stock opened at $6.38 on Thursday. Vince has a fifty-two week low of $1.47 and a fifty-two week high of $8.20. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.47 and a current ratio of 1.74. The stock has a 50 day simple moving average of $6.40 and a two-hundred day simple moving average of $4.84. The company has a market cap of $81.96 million, a P/E ratio of 9.11 and a beta of 1.37.
Analyst Ratings Changes
A number of equities analysts recently issued reports on the stock. Zacks Research cut shares of Vince from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 15th. Wall Street Zen cut Vince from a “buy” rating to a “hold” rating in a report on Saturday, June 27th. Weiss Ratings upgraded Vince from a “sell (d+)” rating to a “hold (c)” rating in a research report on Tuesday, June 23rd. Finally, Noble Financial reissued an “outperform” rating on shares of Vince in a research note on Wednesday, June 17th. One investment 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 presently has an average rating of “Hold” and an average target price of $4.50.
Institutional Trading of Vince
Large investors have recently modified their holdings of the stock. XTX Topco Ltd acquired a new position in shares of Vince during the 4th quarter valued at $44,000. Quadrature Capital Ltd bought a new position in Vince during the fourth quarter worth $191,000. Marshall Wace LLP acquired a new stake in Vince in the fourth quarter worth $212,000. Essex Investment Management Co. LLC acquired a new stake in Vince in the fourth quarter worth $166,000. Finally, Jane Street Group LLC bought a new stake in Vince in the fourth quarter valued at $148,000. Institutional investors and hedge funds own 16.11% of the company’s stock.
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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