Vince Holding Corp Director Unloads $160,747,387 in Stock (VNCE)
Vince Holding Corp (NASDAQ:VNCE) Director Marc J. Leder sold 4,917,326 shares of the company’s stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $32.69, for a total value of $160,747,386.94. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
A number of research firms have recently commented on VNCE. 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’s stock. Vince Holding Corp currently has an average rating of “Buy” and an average target price of $34.77.
Shares of Vince Holding Corp (NASDAQ:VNCE) traded up 0.80% on Thursday, hitting $36.69. The stock had a trading volume of 264,369 shares. Vince Holding Corp has a one year low of $22.53 and a one year 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 released its earnings data on Thursday, June 5th. The company reported $0.04 earnings per share (EPS) for the quarter, beating the 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. The company’s revenue for the quarter was up 32.4% on a year-over-year basis. 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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