Zacks Investment Research Lowers Vince Holding Corp. (VNCE) to Sell
Vince Holding Corp. (NYSE:VNCE) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report issued 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. “
VNCE has been the topic of a number of other reports. Stifel Nicolaus reiterated a “hold” rating and issued a $7.00 target price on shares of Vince Holding Corp. in a research note on Monday, September 12th. Piper Jaffray Cos. upgraded shares of Vince Holding Corp. from a “neutral” rating to an “overweight” rating and raised their price target 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. Robert W. Baird raised 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. Finally, B. Riley restated a “neutral” rating and issued a $6.50 price target on shares of Vince Holding Corp. in a research report on Wednesday, September 14th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $6.25.
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Shares of Vince Holding Corp. (NYSE:VNCE) traded up 1.49% during mid-day trading on Wednesday, reaching $5.45. 11,493 shares of the company were exchanged. The company has a market capitalization of $269.30 million, a price-to-earnings ratio of 57.98 and a beta of 2.55. Vince Holding Corp. has a 12 month low of $3.49 and a 12 month high of $8.11. The firm’s 50-day moving average is $6.16 and its 200-day moving average is $5.76.
Vince Holding Corp. (NYSE:VNCE) last posted its earnings results on Thursday, September 8th. The company reported ($0.04) earnings per share (EPS) 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 analyst estimates of $64.15 million. During the same period last year, the business posted $0.14 EPS. Vince Holding Corp.’s revenue was down 24.1% compared to the same quarter last year. On average, equities analysts forecast that Vince Holding Corp. will post $0.04 earnings per share for the current fiscal year.
Several institutional investors have recently added to or reduced their stakes in VNCE. Oxford Asset Management increased its position in Vince Holding Corp. by 94.0% in the second quarter. Oxford Asset Management now owns 396,941 shares of the company’s stock worth $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 worth $823,000 after buying an additional 31,420 shares during 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 worth $5,753,000 after buying an additional 532,098 shares during 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 worth $126,000 after buying an additional 6,700 shares during 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 worth $1,541,000 after buying an additional 37,966 shares during the last quarter. 26.61% of the stock is owned by institutional investors.
About Vince Holding Corp.
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.
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