Vince (NASDAQ:VNCE) Downgraded to Hold Rating by Wall Street Zen

Vince (NASDAQ:VNCE) was downgraded by stock analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a report released on Saturday.

Other research analysts have also issued reports about the stock. Zacks Research lowered shares of Vince from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 15th. Weiss Ratings upgraded shares of Vince from a “sell (d+)” rating to a “hold (c)” rating in a research note on Tuesday. Finally, Noble Financial reissued an “outperform” rating on shares of Vince in a research report on Wednesday, June 17th. One equities research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $4.50.

Vince Stock Down 1.4%

VNCE stock opened at $7.76 on Friday. Vince has a twelve month low of $1.19 and a twelve month high of $8.20. The company has a quick ratio of 0.47, a current ratio of 1.74 and a debt-to-equity ratio of 0.60. The stock’s 50 day moving average is $4.93 and its 200-day moving average is $3.64. The firm has a market capitalization of $99.72 million, a PE ratio of 11.09 and a beta of 1.38.

Vince (NASDAQ:VNCE) last issued its quarterly earnings data on Tuesday, June 16th. The company reported ($0.16) earnings per share for the quarter, missing the consensus estimate of ($0.13) by ($0.03). Vince had a net margin of 2.97% and a return on equity of 15.85%. The company had revenue of $64.03 million for the quarter, compared to the consensus estimate of $63.05 million. Sell-side analysts expect that Vince will post 0.59 EPS for the current fiscal year.

Institutional Investors Weigh In On Vince

A number of hedge funds have recently made changes to their positions in the business. Dimensional Fund Advisors LP grew its position in Vince by 46.1% during the first quarter. Dimensional Fund Advisors LP now owns 48,399 shares of the company’s stock valued at $117,000 after buying an additional 15,266 shares during the period. XTX Topco Ltd purchased a new stake in Vince during the fourth quarter worth about $44,000. Quadrature Capital Ltd bought a new stake in Vince in the fourth quarter worth about $191,000. Marshall Wace LLP bought a new stake in Vince in the fourth quarter worth about $212,000. Finally, Essex Investment Management Co. LLC purchased a new position in Vince in the fourth quarter valued at about $166,000. 16.11% of the stock is currently owned by institutional investors.

About Vince

Vince Holding Corp. designs, merchandises, and sells luxury apparel and accessories in the United States and internationally. It operates through three segments: Vince Wholesale, Vince Direct-to-Consumer, and Rebecca Taylor and Parker. The company offers a range of women’s products, such as cashmere sweaters, silk blouses, leather and suede leggings and jackets, dresses, skirts, denims, pants, t-shirts, footwear, outerwear, and accessories; and men’s products comprising t-shirts, knit and woven tops, sweaters, denims, pants, blazers, footwear, and outerwear under the Vince brand.