Vince (NYSE:VNCE) Coverage Initiated by Analysts at StockNews.com

StockNews.com assumed coverage on shares of Vince (NYSE:VNCE) in a report published on Friday. The firm issued a hold rating on the textile maker’s stock.

Separately, Noble Financial cut Vince from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 5th.

Vince Stock Performance

NYSE:VNCE opened at $1.75 on Friday. Vince has a 1-year low of $1.27 and a 1-year high of $6.89. The stock has a market cap of $22.41 million, a P/E ratio of 4.72 and a beta of 0.71. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.74 and a quick ratio of 0.64. The firm has a 50-day moving average of $1.79 and a two-hundred day moving average of $2.43.

Vince (NYSE:VNCE) last issued its quarterly earnings results on Friday, May 2nd. The textile maker reported $0.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.10) by $0.16. The business had revenue of $79.95 million during the quarter, compared to analyst estimates of $72.98 million. Vince had a net margin of 1.60% and a negative return on equity of 5.77%. On average, research analysts expect that Vince will post 0.63 earnings per share for the current fiscal year.

Institutional Trading of Vince

A number of large investors have recently modified their holdings of VNCE. National Bank of Canada FI bought a new position in Vince in the 4th quarter worth approximately $29,000. FreeGulliver LLC bought a new stake in shares of Vince during the first quarter valued at about $420,000. Jane Street Group LLC acquired a new stake in Vince in the fourth quarter worth about $86,000. Finally, Geode Capital Management LLC lifted its holdings in Vince by 12.4% in the fourth quarter. Geode Capital Management LLC now owns 33,769 shares of the textile maker’s stock worth $123,000 after purchasing an additional 3,731 shares during the period. Institutional investors and hedge funds own 16.11% of the company’s stock.

About Vince

Vince Holding Corp. provides luxury apparel and accessories in the United States and internationally. It operates through Vince Wholesale, Vince Direct-to-Consumer segments. The company offers a range of men's and women's products, such as cashmere sweaters, silk blouses, leather and suede products, and jackets, dresses, skirts, pants, t-shirts, footwear, outerwear, and accessories, as well as woven shirts, core and fashion pants, and blazers under the Vince brand.