Vince Holding Corp. (VNCE) Posts Earnings Results, Misses Expectations By $0.13 EPS
Vince Holding Corp. (NYSE:VNCE) announced its earnings results on Thursday. The textile maker reported ($0.20) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.07) by $0.13, MarketWatch Earnings reports. Vince Holding Corp. had a negative net margin of 65.75% and a negative return on equity of 24.26%.
Shares of Vince Holding Corp. (NYSE:VNCE) traded up 5.102% during mid-day trading on Thursday, reaching $0.515. The company had a trading volume of 597,928 shares. The company’s market cap is $25.46 million. Vince Holding Corp. has a 52-week low of $0.28 and a 52-week high of $6.70. The firm’s 50-day moving average price is $0.51 and its 200 day moving average price is $0.85.
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Several hedge funds have recently modified their holdings of VNCE. Paradigm Capital Management Inc. NY increased its stake in shares of 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 valued at $2,985,000 after buying an additional 801,000 shares during the period. Vanguard Group Inc. increased its stake in shares of Vince Holding Corp. by 69.7% in the second quarter. Vanguard Group Inc. now owns 857,522 shares of the textile maker’s stock valued at $404,000 after buying an additional 352,097 shares during the period. Cove Street Capital LLC acquired a new stake in shares of Vince Holding Corp. in the first quarter valued at about $542,000. California Public Employees Retirement System increased 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 valued at $131,000 after buying an additional 64,000 shares during the period. Finally, Teachers Advisors LLC increased 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 valued at $183,000 after buying an additional 5,883 shares during the period. 14.32% of the stock is owned by institutional investors.
Separately, ValuEngine lowered Vince Holding Corp. from a “sell” rating to a “strong sell” rating in a research note on Friday, June 2nd. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company’s stock. Vince Holding Corp. has an average rating of “Hold” and a consensus target price of $3.88.
About Vince Holding Corp.
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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