Vince (NASDAQ:VNCE) Trading Down 1.7% – Time to Sell?

Vince Holding Corp. (NASDAQ:VNCE) fell 1.7% during trading on Monday . The company traded as low as $6.00 and last traded at $6.19. Approximately 66,769 shares changed hands during trading, a decline of 6% from the average daily volume of 71,121 shares. The stock had previously closed at $6.30.

Wall Street Analysts Forecast Growth

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

Vince Stock Performance

The company has a 50-day moving average of $6.44 and a 200-day moving average of $4.40. The firm has a market capitalization of $77.36 million, a price-to-earnings ratio of 8.60 and a beta of 1.34. The company has a current ratio of 1.74, a quick ratio of 0.47 and a debt-to-equity ratio of 0.60.

Vince (NASDAQ:VNCE) last released its quarterly earnings data 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 $64.03 million during the quarter, compared to analyst estimates of $63.05 million. Vince had a return on equity of 15.85% and a net margin of 2.97%. On average, equities research analysts forecast that Vince Holding Corp. will post 0.59 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Vince

Institutional investors and hedge funds have recently bought and sold shares of the business. XTX Topco Ltd bought a new position in Vince in the fourth quarter worth about $44,000. Algert Global LLC acquired a new stake in shares of Vince during the 3rd quarter worth approximately $57,000. Dimensional Fund Advisors LP lifted its holdings in shares of Vince by 46.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 48,399 shares of the company’s stock worth $117,000 after purchasing an additional 15,266 shares during the last quarter. Jane Street Group LLC bought a new stake in shares of Vince in the 4th quarter worth approximately $148,000. Finally, Goldman Sachs Group Inc. acquired a new position in Vince during the 4th quarter valued at approximately $151,000. Institutional investors and hedge funds own 16.11% of the company’s stock.

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.