Vince (NASDAQ:VNCE) Stock Rating Cut to “Hold” at Zacks Research

Zacks Research downgraded shares of Vince (NASDAQ:VNCE) from a strong-buy rating to a hold rating in a research report report published on Tuesday,Zacks reports.

Several other research firms have also commented on VNCE. Noble Financial reissued an “outperform” rating on shares of Vince in a report on Friday, September 11th. Weiss Ratings raised Vince from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, October 8th. Finally, Wall Street Zen raised Vince from a “hold” rating to a “strong-buy” rating in a research report on Saturday, September 12th. One equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold”.

Vince Trading Up 4.8%

NASDAQ VNCE opened at $13.56 on Tuesday. The company has a quick ratio of 0.46, a current ratio of 1.49 and a debt-to-equity ratio of 0.21. Vince has a 52 week low of $1.95 and a 52 week high of $13.90. The stock has a market capitalization of $175.47 million, a PE ratio of 23.79 and a beta of 1.41. The firm has a 50 day moving average of $10.62 and a two-hundred day moving average of $6.04.

Vince (NASDAQ:VNCE) last announced its quarterly earnings data on Thursday, September 10th. The company reported $1.02 earnings per share for the quarter, beating analysts’ consensus estimates of $0.27 by $0.75. The business had revenue of $81.79 million for the quarter, compared to analyst estimates of $81.03 million. Vince had a net margin of 2.42% and a return on equity of 31.35%. As a group, research analysts expect that Vince will post 1.39 EPS for the current fiscal year.

Hedge Funds Weigh In On Vince

A hedge fund recently raised its position in Vince stock. Dimensional Fund Advisors LP boosted its position in shares of Vince Holding Corp. (NASDAQ:VNCE) by 46.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 48,399 shares of the company’s stock after buying an additional 15,266 shares during the period. Dimensional Fund Advisors LP owned 0.38% of Vince worth $117,000 as of its most recent SEC filing. Institutional investors and hedge funds own 16.11% of the company’s stock.

About Vince

Vince Holding Corp. was the parent company of Vince, a contemporary luxury apparel and accessories brand founded in Los Angeles in 2002. The brand is known for minimalist, modern designs and premium materials, offering women’s and men’s clothing, footwear, handbags, accessories and selected home products. Vince has served customers through company-operated stores, its e-commerce platform and wholesale distribution to department stores and specialty retailers. Its products have been marketed in the United States and internationally, with the brand emphasizing versatile wardrobe essentials and a refined California-inspired aesthetic.