Vince Holding Corp. (NYSE:VNCE) Given Average Recommendation of “Hold” by Brokerages
Vince Holding Corp. (NYSE:VNCE) has been given a consensus recommendation of “Hold” by the nine analysts that are currently covering the firm. One investment analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and one has issued a buy recommendation on the company. The average 1-year target price among brokers that have covered the stock in the last year is $6.25.
Several equities research analysts have commented on VNCE shares. Robert W. Baird boosted their price target on shares of Vince Holding Corp. from $5.00 to $6.00 and gave the stock a “neutral” rating in a research report on Friday, September 9th. B. Riley restated a “neutral” rating and set a $6.50 price objective on shares of Vince Holding Corp. in a report on Wednesday, September 14th. Stifel Nicolaus restated a “hold” rating and set a $7.00 price objective on shares of Vince Holding Corp. in a report on Monday, September 12th. Zacks Investment Research upgraded Vince Holding Corp. from a “hold” rating to a “buy” rating and set a $6.25 price objective on the stock in a report on Tuesday, July 12th. Finally, Piper Jaffray Cos. raised Vince Holding Corp. from a “neutral” rating to an “overweight” rating and lifted their target price for the company from $6.00 to $8.00 in a research note on Monday, August 22nd. They noted that the move was a valuation call.
Vince Holding Corp. (NYSE:VNCE) traded down 0.55% during midday trading on Friday, hitting $5.44. 72,051 shares of the company’s stock traded hands. The company has a 50 day moving average of $6.18 and a 200-day moving average of $5.78. The company has a market capitalization of $268.80 million, a PE ratio of 57.87 and a beta of 2.55. Vince Holding Corp. has a 52 week low of $3.49 and a 52 week high of $8.11.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at https://www.americanbankingnews.com/2016/10/07/vince-holding-corp-nysevnce-given-average-recommendation-of-hold-by-brokerages.html
Vince Holding Corp. (NYSE:VNCE) last issued its quarterly earnings data on Thursday, September 8th. The company reported ($0.04) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.02. Vince Holding Corp. had a net margin of 1.30% and a return on equity of 1.13%. The business had revenue of $60.70 million for the quarter, compared to analysts’ expectations of $64.15 million. During the same period in the previous year, the business earned $0.14 earnings per share. The company’s revenue was down 24.1% on a year-over-year basis. Equities research analysts predict that Vince Holding Corp. will post $0.04 earnings per share for the current year.
Hedge funds have recently made changes to their positions in the company. Spark Investment Management LLC purchased a new position in Vince Holding Corp. during the first quarter valued at about $1,029,000. State Street Corp raised its stake in Vince Holding Corp. by 18.5% in the first quarter. State Street Corp now owns 243,526 shares of the company’s stock worth $1,541,000 after buying an additional 37,966 shares in the last quarter. Geode Capital Management LLC raised its stake in Vince Holding Corp. by 31.8% in the first quarter. Geode Capital Management LLC now owns 130,147 shares of the company’s stock worth $823,000 after buying an additional 31,420 shares in the last quarter. A.R.T. Advisors LLC raised its stake in Vince Holding Corp. by 120.4% in the first quarter. A.R.T. Advisors LLC now owns 97,219 shares of the company’s stock worth $615,000 after buying an additional 53,100 shares in the last quarter. Finally, Chevy Chase Trust Holdings Inc. raised its stake in Vince Holding Corp. by 97.8% in the second quarter. Chevy Chase Trust Holdings Inc. now owns 1,082,243 shares of the company’s stock worth $5,931,000 after buying an additional 535,129 shares in the last quarter. Institutional investors own 26.61% of the company’s stock.
Vince Holding Corp. Company Profile
Vince Holding Corp. (Vince) is a contemporary fashion brand known for modern style and everyday luxury essentials. The Company offers a range of women’s and men’s apparel, women’s and men’s footwear, and handbags. It operates in two segments: wholesale and direct-to-consumer. Its wholesale segment consists of sales to department stores and specialty stores in the United States and in select international markets.
Receive News & Ratings for Vince Holding Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vince Holding Corp. and related companies with MarketBeat.com's FREE daily email newsletter.