Vince Holding Corp. (VNCE) Downgraded to “Sell” at Zacks Investment Research
Vince Holding Corp. (NYSE:VNCE) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a note issued to investors on Wednesday.
According to Zacks, “Vince Holding Corp. offers a broad range of women’s and men’s ready-to-wear including its signature cashmere sweaters, leather jackets, luxe leggings, dresses, silk and woven tops, denim and footwear. Vince Holding Corp. is based in New York. “
A number of other equities analysts have also recently commented on VNCE. Piper Jaffray Cos. raised shares of Vince Holding Corp. from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from $6.00 to $8.00 in a research report on Monday, August 22nd. They noted that the move was a valuation call. B. Riley reaffirmed a “neutral” rating and set a $6.50 price objective on shares of Vince Holding Corp. in a research report on Friday, September 9th. Robert W. Baird lifted their price objective 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. Finally, Stifel Nicolaus reaffirmed a “hold” rating and set a $7.00 price objective on shares of Vince Holding Corp. in a research report on Monday, September 12th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $6.25.
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 http://www.americanbankingnews.com/2016/10/12/vince-holding-corp-vnce-downgraded-to-sell-at-zacks-investment-research.html
Shares of Vince Holding Corp. (NYSE:VNCE) traded up 4.10% during trading on Wednesday, hitting $5.59. 368,975 shares of the stock were exchanged. The firm’s 50-day moving average is $6.15 and its 200 day moving average is $5.76. Vince Holding Corp. has a 1-year low of $3.49 and a 1-year high of $8.11. The company has a market cap of $276.21 million, a P/E ratio of 59.47 and a beta of 2.55.
Vince Holding Corp. (NYSE:VNCE) last posted its quarterly earnings data on Thursday, September 8th. The company reported ($0.04) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate 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 company had revenue of $60.70 million for the quarter, compared to the consensus estimate of $64.15 million. During the same period last year, the company earned $0.14 earnings per share. The firm’s revenue was down 24.1% compared to the same quarter last year. Equities analysts forecast that Vince Holding Corp. will post $0.04 earnings per share for the current fiscal year.
Hedge funds and other institutional investors have recently modified their holdings of the company. Oxford Asset Management increased its position in shares of Vince Holding Corp. by 94.0% in the second quarter. Oxford Asset Management now owns 396,941 shares of the company’s stock valued at $2,175,000 after buying an additional 192,337 shares during the last quarter. Geode Capital Management LLC increased its position 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 valued at $823,000 after buying an additional 31,420 shares in the last quarter. Royce & Associates LP increased its position in Vince Holding Corp. by 102.8% in the second quarter. Royce & Associates LP now owns 1,049,798 shares of the company’s stock valued at $5,753,000 after buying an additional 532,098 shares in the last quarter. Blair William & Co. IL increased its position in Vince Holding Corp. by 41.1% in the second quarter. Blair William & Co. IL now owns 23,000 shares of the company’s stock valued at $126,000 after buying an additional 6,700 shares in the last quarter. Finally, State Street Corp increased its position in Vince Holding Corp. by 18.5% in the first quarter. State Street Corp now owns 243,526 shares of the company’s stock valued at $1,541,000 after buying an additional 37,966 shares in the last quarter. 26.61% of the stock is owned by hedge funds and other institutional investors.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
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.