Vince (NASDAQ:VNCE) Downgraded to “Hold” Rating by Zacks Research

Vince (NASDAQ:VNCEGet Free Report) was downgraded by analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a note issued to investors on Monday,Zacks.com reports.

A number of other brokerages have also recently commented on VNCE. Weiss Ratings upgraded shares of Vince from a “sell (d)” rating to a “sell (d+)” rating in a research note on Tuesday, April 21st. Noble Financial restated an “outperform” rating on shares of Vince in a research note on Thursday, April 16th. Finally, Wall Street Zen upgraded shares of Vince to a “buy” rating in a research note on Saturday, May 23rd. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $4.50.

Read Our Latest Research Report on Vince

Vince Stock Performance

Shares of VNCE stock opened at $6.95 on Monday. The stock has a market capitalization of $89.31 million, a P/E ratio of 14.18 and a beta of 1.38. The company has a current ratio of 1.49, a quick ratio of 0.51 and a debt-to-equity ratio of 0.39. The firm’s 50 day moving average is $4.18 and its 200 day moving average is $3.39. Vince has a 12 month low of $1.02 and a 12 month high of $7.20.

Vince (NASDAQ:VNCEGet Free Report) last announced its quarterly earnings results on Tuesday, June 16th. The company reported ($0.16) EPS for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.03). The business had revenue of $64.04 million for the quarter, compared to analysts’ expectations of $63.05 million. Vince had a net margin of 2.13% and a return on equity of 11.08%. On average, sell-side analysts anticipate that Vince will post 0.55 earnings per share for the current year.

Institutional Trading of Vince

Hedge funds and other institutional investors have recently bought and sold shares of the company. Jane Street Group LLC bought a new stake in Vince during the 4th quarter worth approximately $148,000. FreeGulliver LLC increased its holdings in Vince by 203.6% during the 4th quarter. FreeGulliver LLC now owns 484,412 shares of the company’s stock worth $1,976,000 after acquiring an additional 324,835 shares during the period. Renaissance Technologies LLC increased its holdings in Vince by 70.0% during the 4th quarter. Renaissance Technologies LLC now owns 137,450 shares of the company’s stock worth $561,000 after acquiring an additional 56,600 shares during the period. Two Sigma Investments LP increased its holdings in Vince by 481.6% during the 3rd quarter. Two Sigma Investments LP now owns 75,969 shares of the company’s stock worth $254,000 after acquiring an additional 62,907 shares during the period. Finally, Marshall Wace LLP bought a new stake in Vince during the 4th quarter worth approximately $212,000. Institutional investors own 16.11% of the company’s stock.

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About Vince

(Get Free Report)

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.

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