Vince (NASDAQ:VNCE) Trading 3.6% Higher – Still a Buy?

Vince Holding Corp. (NASDAQ:VNCE) shares traded up 3.6% during trading on Tuesday . The company traded as high as $6.70 and last traded at $6.69. 89,153 shares were traded during trading, a decline of 47% from the average session volume of 167,846 shares. The stock had previously closed at $6.46.

Wall Street Analyst Weigh In

VNCE has been the topic of several research analyst reports. Weiss Ratings raised Vince from a “sell (d+)” rating to a “hold (c)” rating in a research note on Tuesday, June 23rd. Wall Street Zen lowered shares of Vince from a “buy” rating to a “hold” rating in a report on Saturday, June 27th. Noble Financial reaffirmed an “outperform” rating on shares of Vince in a research report on Wednesday, June 17th. Finally, Zacks Research cut shares of Vince from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 15th. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $4.50.

Vince Price Performance

The firm has a market cap of $85.97 million, a PE ratio of 9.56 and a beta of 1.29. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.74 and a quick ratio of 0.47. The firm has a 50-day simple moving average of $5.65 and a 200 day simple moving average of $3.97.

Vince (NASDAQ:VNCE) last released its earnings results on Tuesday, June 16th. The company reported ($0.16) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.03). The business had revenue of $64.03 million during the quarter, compared to analysts’ expectations of $63.05 million. Vince had a return on equity of 15.85% and a net margin of 2.97%. As a group, equities analysts expect that Vince Holding Corp. will post 0.59 EPS for the current year.

Institutional Trading of Vince

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. XTX Topco Ltd bought a new position in Vince during the 4th quarter valued at approximately $44,000. Algert Global LLC purchased a new stake in shares of Vince in the third quarter worth $57,000. Dimensional Fund Advisors LP grew its stake in shares of Vince by 46.1% in the first quarter. Dimensional Fund Advisors LP now owns 48,399 shares of the company’s stock worth $117,000 after acquiring an additional 15,266 shares during the last quarter. Jane Street Group LLC bought a new position in shares of Vince during the fourth quarter valued at $148,000. Finally, Goldman Sachs Group Inc. purchased a new position in shares of Vince in the 4th quarter worth about $151,000. Hedge funds and other institutional investors own 16.11% of the company’s stock.

Vince Company Profile

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.