Vince Holding Corp (VNCE) Issues FY15 Earnings Guidance
Vince Holding Corp (NASDAQ:VNCE) updated its FY15 earnings guidance on Wednesday. The company provided EPS guidance of $0.90-0.94 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.92, American Banking News.com reports. The company issued revenue guidance of $335-345 million, compared to the consensus revenue estimate of $338.67 million.
Shares of Vince Holding Corp (NASDAQ:VNCE) opened at 38.74 on Wednesday. Vince Holding Corp has a 52-week low of $22.53 and a 52-week high of $39.08. The stock’s 50-day moving average is $34.4 and its 200-day moving average is $30.18. The company’s market cap is $1.423 billion.
Vince Holding Corp (NASDAQ:VNCE) last released its earnings data on Wednesday, September 3rd. The company reported $0.28 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.24 by $0.04. The company had revenue of $89.30 million for the quarter, compared to the consensus estimate of $83.92 million. The company’s quarterly revenue was up 20.2% on a year-over-year basis. Analysts expect that Vince Holding Corp will post $0.92 EPS for the current fiscal year.
A number of analysts have recently weighed in on VNCE shares. 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 equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock has a consensus rating of Buy and an average target price of $35.00.
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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