Vince Holding Corp Price Target Raised to $35.00 (VNCE)
Investment analysts at JPMorgan Chase & Co. raised their price objective on shares of Vince Holding Corp (NASDAQ:VNCE) from $32.00 to $35.00 in a note issued to investors on Thursday. JPMorgan Chase & Co.’s price objective suggests a potential upside of 2.13% from the company’s current price.
Several other analysts have also 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. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Vince Holding Corp currently has a consensus rating of “Buy” and an average target price of $35.00.
Shares of Vince Holding Corp (NASDAQ:VNCE) traded up 3.88% during mid-day trading on Thursday, hitting $35.60. 182,295 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 $39.08. The stock has a 50-day moving average of $34.45 and a 200-day moving average of $30.2. The company’s market cap is $1.307 billion.
Vince Holding Corp (NASDAQ:VNCE) last issued its quarterly earnings data on Wednesday, September 3rd. The company reported $0.28 earnings per share for the quarter, beating the analysts’ 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. Vince Holding Corp’s revenue was up 20.2% compared to the same quarter last year. On average, analysts predict that Vince Holding Corp will post $0.93 earnings per share 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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