Insider Selling: Vince Holding Corp major shareholder Sells 3,687,994 Shares of Stock (VNCE)
Vince Holding Corp (NASDAQ:VNCE) major shareholder Sun Cardinal, Llc sold 3,687,994 shares of the company’s stock on the open market in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $32.69, for a total transaction of $120,560,523.86. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Large shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.
Several analysts have recently commented on the stock. Analysts at Zacks upgraded shares of Vince Holding Corp from a “neutral” rating to an “outperform” rating in a research note on Monday, June 9th. They now have a $35.60 price target on the stock. Separately, analysts at KeyCorp raised their price target on shares of Vince Holding Corp from $31.00 to $37.00 in a research note on Friday, June 6th. They now have a “buy” rating on the stock. Finally, analysts at KeyCorp upgraded shares of Vince Holding Corp from a “hold” rating to a “buy” rating in a research note on Wednesday, May 28th. They now have a $31.00 price target on the stock. Four research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Vince Holding Corp presently has a consensus rating of “Buy” and a consensus target price of $34.77.
Shares of Vince Holding Corp (NASDAQ:VNCE) traded up 0.80% on Thursday, hitting $36.69. 264,369 shares of the company’s stock traded hands. Vince Holding Corp has a 52-week low of $22.53 and a 52-week high of $38.00. The stock has a 50-day moving average of $31. and a 200-day moving average of $27.69. The company’s market cap is $1.347 billion.
Vince Holding Corp (NASDAQ:VNCE) last posted its quarterly earnings results on Thursday, June 5th. The company reported $0.04 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.01 by $0.03. The company had revenue of $53.50 million for the quarter, compared to the consensus estimate of $48.77 million. Vince Holding Corp’s revenue was up 32.4% compared to the same quarter last year. Analysts expect that Vince Holding Corp will post $0.92 EPS for the current fiscal year.
Vince Holding Corp, formerly Apparel Holding Corp., is a diversified apparel company. The Company designs, manufactures, and markets a collection of fashion brands which include Vince, Rebecca Taylor, David Meister, Sag Harbor, My Michelle and XOXO, along with numerous private label businesses for retailers.
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