Vince Holding Corp. (NYSE:VNCE) Receives Average Rating of “Hold” from Analysts
Shares of Vince Holding Corp. (NYSE:VNCE) have received a consensus rating of “Hold” from the seven brokerages that are currently covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $3.88.
VNCE has been the subject of a number of research analyst reports. Zacks Investment Research cut shares of Vince Holding Corp. from a “hold” rating to a “strong sell” rating in a research note on Thursday, May 4th. B. Riley reiterated a “neutral” rating and issued a $1.00 target price on shares of Vince Holding Corp. in a research note on Monday, May 1st. Finally, ValuEngine cut shares of Vince Holding Corp. from a “sell” rating to a “strong sell” rating in a research note on Friday, June 2nd.
Several hedge funds have recently modified their holdings of the stock. California Public Employees Retirement System raised its stake in shares of 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 in the last quarter. Teachers Advisors LLC raised its stake in shares of 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 in the last quarter. Geode Capital Management LLC raised its stake in shares of Vince Holding Corp. by 3.8% in the first quarter. Geode Capital Management LLC now owns 166,002 shares of the textile maker’s stock worth $257,000 after buying an additional 6,066 shares in the last quarter. Cove Street Capital LLC bought a new stake in shares of Vince Holding Corp. during the first quarter worth $542,000. Finally, State Street Corp raised its stake in shares of Vince Holding Corp. by 0.7% in the fourth quarter. State Street Corp now owns 307,811 shares of the textile maker’s stock worth $1,245,000 after buying an additional 2,203 shares in the last quarter. 25.27% of the stock is owned by institutional investors and hedge funds.
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Shares of Vince Holding Corp. (NYSE:VNCE) traded down 2.2520% during trading on Monday, reaching $0.4601. The company had a trading volume of 75,753 shares. Vince Holding Corp. has a 12-month low of $0.28 and a 12-month high of $7.17. The firm has a 50-day moving average of $0.48 and a 200-day moving average of $1.84. The company’s market cap is $22.74 million.
Vince Holding Corp. (NYSE:VNCE) last posted its earnings results on Thursday, June 8th. The textile maker reported ($0.19) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.11) by $0.08. Vince Holding Corp. had a negative net margin of 65.75% and a negative return on equity of 24.26%. The firm had revenue of $58.05 million during the quarter. On average, equities research analysts anticipate that Vince Holding Corp. will post ($0.11) EPS for the current year.
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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