Vince Holding Corp Sees Large Volume Increase on Earnings Beat (VNCE)
Vince Holding Corp (NASDAQ:VNCE) saw strong trading volume on Wednesday following a better than expected earnings announcement, Stock Ratings News reports. 954,853 shares traded hands during trading, an increase of 287% from the previous session’s volume of 246,968 shares.The stock last traded at $34.40 and had previously closed at $38.74.
The company reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.04. The company had revenue of $89.30 million for the quarter. The company’s revenue for the quarter was up 20.2% on a year-over-year basis.
Several analysts have recently commented on the stock. 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. 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. Four analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Vince Holding Corp currently has a consensus rating of “Buy” and a consensus price target of $35.00.
The stock has a 50-day moving average of $34.4 and a 200-day moving average of $30.18. The company’s market cap is $1.265 billion.
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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