Vince Holding Corp. (VNCE) Rating Lowered 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 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. “
Other analysts have also issued reports about the company. B. Riley restated a “neutral” rating and issued a $6.50 price target on shares of Vince Holding Corp. in a report on Friday, September 9th. Robert W. Baird boosted their price target on Vince Holding Corp. from $5.00 to $6.00 and gave the company a “neutral” rating in a report on Friday, September 9th. Stifel Nicolaus restated a “hold” rating and issued a $7.00 price target on shares of Vince Holding Corp. in a report on Monday, September 12th. Finally, Piper Jaffray Cos. upgraded Vince Holding Corp. from a “neutral” rating to an “overweight” rating and boosted their price target for the company from $6.00 to $8.00 in a report on Monday, August 22nd. They noted that the move was a valuation call. 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 company’s stock. Vince Holding Corp. currently has an average rating of “Hold” and a consensus price target of $6.25.
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Vince Holding Corp. (NYSE:VNCE) opened at 5.40 on Wednesday. The stock’s 50 day moving average is $6.02 and its 200-day moving average is $5.73. Vince Holding Corp. has a 12 month low of $3.49 and a 12 month high of $8.11. The stock has a market capitalization of $266.82 million, a price-to-earnings ratio of 57.45 and a beta of 2.55.
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 return on equity of 1.13% and a net margin of 1.30%. The firm earned $60.70 million during the quarter, compared to analysts’ expectations of $64.15 million. During the same period in the previous year, the firm earned $0.14 earnings per share. The company’s revenue was down 24.1% on a year-over-year basis. On average, equities research analysts expect that Vince Holding Corp. will post $0.04 earnings per share for the current year.
A number of hedge funds have recently added to or reduced their stakes in the company. Rhumbline Advisers raised its stake in Vince Holding Corp. by 18.8% in the second quarter. Rhumbline Advisers now owns 18,330 shares of the company’s stock valued at $100,000 after buying an additional 2,895 shares during the last quarter. Fox Run Management L.L.C. acquired a new position in shares of Vince Holding Corp. during the third quarter worth $122,000. Blair William & Co. IL increased its position in shares of 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 period. California Public Employees Retirement System increased its position in shares of Vince Holding Corp. by 27.4% in the second quarter. California Public Employees Retirement System now owns 23,060 shares of the company’s stock worth $126,000 after buying an additional 4,960 shares during the period. Finally, Nationwide Fund Advisors increased its position in shares of Vince Holding Corp. by 189.8% in the second quarter. Nationwide Fund Advisors now owns 28,597 shares of the company’s stock worth $157,000 after buying an additional 18,728 shares during the period. Institutional investors and hedge funds own 26.30% of the company’s stock.
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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