Vince Holding Corp. (NYSE:VNCE) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued to investors on Wednesday.
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 equities research analysts also recently weighed in on the company. B. Riley reissued a “neutral” rating and issued a $6.50 price target on shares of Vince Holding Corp. in a report on Wednesday, September 14th. Stifel Nicolaus reissued a “hold” rating and issued a $7.00 price target on shares of Vince Holding Corp. in a report on Monday, September 12th. Robert W. Baird raised their price target on Vince Holding Corp. from $5.00 to $6.00 and gave the stock a “neutral” rating in a report on Friday, September 9th. Finally, Piper Jaffray Cos. raised Vince Holding Corp. from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $6.00 to $8.00 in a report on Monday, August 22nd. They noted that the move was a valuation call. Two analysts have rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the stock. Vince Holding Corp. has an average rating of “Hold” and an average price target of $6.25.
Shares of Vince Holding Corp. (NYSE:VNCE) opened at 5.40 on Wednesday. The stock has a market capitalization of $266.82 million, a price-to-earnings ratio of 57.45 and a beta of 2.55. The company has a 50-day moving average of $6.02 and a 200 day moving average of $5.73. Vince Holding Corp. has a 12-month low of $3.49 and a 12-month high of $8.11.
Vince Holding Corp. (NYSE:VNCE) last issued its quarterly earnings results on Thursday, September 8th. The company reported ($0.04) earnings per share for the quarter, topping the consensus estimate of ($0.06) by $0.02. The business earned $60.70 million during the quarter, compared to the consensus estimate of $64.15 million. Vince Holding Corp. had a return on equity of 1.13% and a net margin of 1.30%. The company’s quarterly revenue was down 24.1% on a year-over-year basis. During the same quarter last year, the company earned $0.14 earnings per share. Analysts predict that Vince Holding Corp. will post $0.04 earnings per share for the current year.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Oxford Asset Management boosted its stake in Vince Holding Corp. by 94.0% in the second quarter. Oxford Asset Management now owns 396,941 shares of the company’s stock worth $2,175,000 after buying an additional 192,337 shares during the period. Bank of New York Mellon Corp boosted its stake in Vince Holding Corp. by 31.3% in the second quarter. Bank of New York Mellon Corp now owns 146,889 shares of the company’s stock worth $805,000 after buying an additional 35,028 shares during the period. Geode Capital Management LLC boosted its stake in Vince Holding Corp. by 31.8% in the first quarter. Geode Capital Management LLC now owns 130,147 shares of the company’s stock worth $823,000 after buying an additional 31,420 shares during the period. Royce & Associates LP boosted its stake in Vince Holding Corp. by 102.8% in the second quarter. Royce & Associates LP now owns 1,049,798 shares of the company’s stock worth $5,753,000 after buying an additional 532,098 shares during the period. Finally, Blair William & Co. IL boosted its stake in Vince Holding Corp. by 41.1% in the second quarter. Blair William & Co. IL now owns 23,000 shares of the company’s stock worth $126,000 after buying an additional 6,700 shares during the period. Institutional investors own 26.30% 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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Vince Holding Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vince Holding Corp. and related companies with MarketBeat.com's FREE daily email newsletter.