Vince Holding Corp (VNCE) Given Average Recommendation of “Hold” by Brokerages
Vince Holding Corp (NYSE:VNCE) has received an average recommendation of “Hold” from the six analysts that are presently covering the company. One equities research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $3.88.
A number of analysts have recently weighed in on the company. B. Riley reiterated a “neutral” rating and set a $1.00 target price on shares of Vince Holding Corp in a research report on Saturday, May 6th. Zacks Investment Research downgraded Vince Holding Corp from a “hold” rating to a “strong sell” rating in a research report on Thursday, May 4th. TheStreet downgraded Vince Holding Corp from a “c-” rating to a “d+” rating in a research report on Tuesday, February 28th. Finally, Piper Jaffray Companies set a $4.00 target price on Vince Holding Corp and gave the company a “buy” rating in a research report on Tuesday, February 14th.
Several institutional investors have recently bought and sold shares of VNCE. California Public Employees Retirement System boosted its position in Vince Holding Corp by 314.3% in the first quarter. California Public Employees Retirement System now owns 84,360 shares of the textile maker’s stock worth $131,000 after buying an additional 64,000 shares during the period. Paradigm Capital Management Inc. NY boosted its position in Vince Holding Corp by 71.2% in the first quarter. Paradigm Capital Management Inc. NY now owns 1,926,300 shares of the textile maker’s stock worth $2,985,000 after buying an additional 801,000 shares during the period. Chevy Chase Trust Holdings Inc. boosted its position in Vince Holding Corp by 162.3% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 928,705 shares of the textile maker’s stock worth $1,439,000 after buying an additional 574,610 shares during the period. Teachers Advisors LLC boosted its position in Vince Holding Corp by 15.0% in the fourth quarter. Teachers Advisors LLC now owns 45,141 shares of the textile maker’s stock worth $183,000 after buying an additional 5,883 shares during the period. Finally, 12 West Capital Management LP acquired a new position in Vince Holding Corp during the fourth quarter worth approximately $5,047,000. 27.32% of the stock is owned by institutional investors.
Shares of Vince Holding Corp (NYSE:VNCE) traded down 5.5072% on Friday, hitting $0.3363. The company had a trading volume of 506,551 shares. Vince Holding Corp has a 12-month low of $0.28 and a 12-month high of $7.17. The company’s market capitalization is $16.62 million. The firm has a 50-day moving average price of $1.17 and a 200 day moving average price of $2.88.
Vince Holding Corp (NYSE:VNCE) last released its earnings results on Friday, April 28th. The textile maker reported ($0.15) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.05) by $0.10. The company had revenue of $63.90 million for the quarter, compared to the consensus estimate of $74.55 million. Vince Holding Corp had a net margin of 0.44% and a negative return on equity of 0.16%. The business’s revenue was down 21.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.01 earnings per share. Equities analysts expect that Vince Holding Corp will post ($0.11) EPS for the current year.
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Vince Holding Corp Company Profile
Vince Holding Corp. (Vince) is a United States-based company, which offers a range of women’s and men’s apparel, women’s and men’s footwear, and handbags. The Company operates as a fashion brand. The Company operates in two segments: Wholesale and Direct-to-consumer. The Company’s Wholesale segment consists of its operations to distribute products to various department stores and specialty stores in the United States and select international markets.
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