Vince (VNCE) Releases Quarterly Earnings Results
Vince (NYSE:VNCE) issued its earnings results on Thursday. The textile maker reported $0.41 earnings per share for the quarter, Bloomberg Earnings reports. Vince had a negative return on equity of 120.03% and a negative net margin of 68.88%.
Shares of Vince (NYSE VNCE) traded up $0.29 on Friday, reaching $5.00. The company had a trading volume of 181,500 shares, compared to its average volume of 71,477. Vince has a 1 year low of $2.80 and a 1 year high of $48.00. The company has a quick ratio of 0.74, a current ratio of 1.79 and a debt-to-equity ratio of -2.19.
A hedge fund recently raised its stake in Vince stock. Vanguard Group Inc. grew its position in shares of Vince Holding Corp. (NYSE:VNCE) by 69.7% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 857,522 shares of the textile maker’s stock after buying an additional 352,097 shares during the period. Vanguard Group Inc. owned about 1.73% of Vince worth $404,000 as of its most recent SEC filing. 60.62% of the stock is currently owned by hedge funds and other institutional investors.
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Vince 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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