Vince Holding Corp Receives Consensus Recommendation of “Buy” from Analysts (NASDAQ:VNCE)
Vince Holding Corp (NASDAQ:VNCE) has been given an average recommendation of “Buy” by the eleven analysts that are presently covering the stock, AmericanBankingNews.com reports. Four investment analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $35.10.
A number of research firms have recently commented on VNCE. Analysts at Barclays reiterated an “equal weight” rating on shares of Vince Holding Corp in a research note on Tuesday, July 29th. They now have a $30.00 price target on the stock, up previously from $28.00. Separately, 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. Finally, 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.
Shares of Vince Holding Corp (NASDAQ:VNCE) opened at 33.16 on Wednesday. Vince Holding Corp has a 52-week low of $22.53 and a 52-week high of $38.00. The stock’s 50-day moving average is $35.05 and its 200-day moving average is $28.50. The company’s market cap is $1.218 billion.
Vince Holding Corp (NASDAQ:VNCE) last posted its quarterly earnings results 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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