Vince Holding Corp. (VNCE) Cut to “Sell” at Zacks Investment Research

Zacks Investment Research lowered shares of Vince Holding Corp. (NYSE:VNCE) from a hold rating to a sell rating in a research report released on Wednesday morning.

According to Zacks, “Vince Holding Corp. offers a broad range of women’s and men’s ready-to-wear including its signature cashmere sweaters, leather jackets, luxe leggings, dresses, silk and woven tops, denim and footwear. Vince Holding Corp. is based in New York. “

Several other research analysts have also recently issued reports on VNCE. B. Riley reaffirmed a neutral rating and set a $6.50 target price on shares of Vince Holding Corp. in a research report on Friday, September 9th. Robert W. Baird lifted their target price on Vince Holding Corp. from $5.00 to $6.00 and gave the company a neutral rating in a research report on Friday, September 9th. Stifel Nicolaus reaffirmed a hold rating and set a $7.00 target price on shares of Vince Holding Corp. in a research report on Monday, September 12th. Finally, Piper Jaffray Cos. raised Vince Holding Corp. from a neutral rating to an overweight rating and lifted their target price for the company from $6.00 to $8.00 in a research report on Monday, August 22nd. They noted that the move was a valuation call. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company’s stock. Vince Holding Corp. has a consensus rating of Hold and an average target price of $6.25.

Analyst Recommendations for Vince Holding Corp. (NYSE:VNCE)

Vince Holding Corp. (NYSE:VNCE) opened at 5.48 on Wednesday. The firm has a market capitalization of $270.78 million, a price-to-earnings ratio of 58.30 and a beta of 2.55. The firm has a 50-day moving average price of $6.09 and a 200-day moving average price of $5.75. Vince Holding Corp. has a one year low of $3.49 and a one year high of $8.11.

Vince Holding Corp. (NYSE:VNCE) last announced its quarterly earnings data on Thursday, September 8th. The company reported ($0.04) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.06) by $0.02. Vince Holding Corp. had a return on equity of 1.13% and a net margin of 1.30%. The firm earned $60.70 million during the quarter, compared to analysts’ expectations of $64.15 million. During the same quarter last year, the firm posted $0.14 earnings per share. The company’s revenue for the quarter was down 24.1% compared to the same quarter last year. Analysts expect that Vince Holding Corp. will post $0.04 EPS for the current year.

Several hedge funds have recently modified their holdings of VNCE. Rhumbline Advisers raised its stake in shares of Vince Holding Corp. by 18.8% in the second quarter. Rhumbline Advisers now owns 18,330 shares of the company’s stock valued at $100,000 after buying an additional 2,895 shares during the last quarter. Fox Run Management L.L.C. purchased a new stake in shares of Vince Holding Corp. during the third quarter valued at about $122,000. Blair William & Co. IL raised its stake in shares of Vince Holding Corp. by 41.1% in the second quarter. Blair William & Co. IL now owns 23,000 shares of the company’s stock valued at $126,000 after buying an additional 6,700 shares during the last quarter. California Public Employees Retirement System raised its stake in shares of Vince Holding Corp. by 27.4% in the second quarter. California Public Employees Retirement System now owns 23,060 shares of the company’s stock valued at $126,000 after buying an additional 4,960 shares during the last quarter. Finally, Nationwide Fund Advisors raised its stake in shares of Vince Holding Corp. by 189.8% in the second quarter. Nationwide Fund Advisors now owns 28,597 shares of the company’s stock valued at $157,000 after buying an additional 18,728 shares during the last quarter. Hedge funds and other institutional investors own 26.61% of the company’s stock.

Vince Holding Corp. Company Profile

Vince Holding Corp. (Vince) is a contemporary fashion brand known for modern style and everyday luxury essentials. The Company offers a range of women’s and men’s apparel, women’s and men’s footwear, and handbags. It operates in two segments: wholesale and direct-to-consumer. Its wholesale segment consists of sales to department stores and specialty stores in the United States and in select international markets.

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