Vince (NASDAQ:VNCE) Rating Lowered to Hold at Zacks Research

Vince (NASDAQ:VNCE) was downgraded by Zacks Research from a “strong-buy” rating to a “hold” rating in a research note issued to investors on Tuesday, Zacks reports.

A number of other equities analysts have also weighed in on the stock. Weiss Ratings upgraded shares of Vince from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, October 8th. Wall Street Zen upgraded shares of Vince from a “hold” rating to a “strong-buy” rating in a research report on Saturday, September 12th. Finally, Noble Financial restated an “outperform” rating on shares of Vince in a research report on Friday, September 11th. One analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold”.

Vince Stock Performance

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

Vince (NASDAQ:VNCE) last issued its quarterly earnings results on Thursday, September 10th. The company reported $1.02 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $0.75. Vince had a return on equity of 31.35% and a net margin of 2.42%. The business had revenue of $81.79 million during the quarter, compared to analysts’ expectations of $81.03 million. Analysts forecast that Vince will post 1.39 EPS for the current year.

Hedge Funds Weigh In On Vince

A hedge fund recently bought a new position in Vince stock. AXQ Capital LP bought a new stake in shares of Vince Holding Corp. (NASDAQ:VNCE) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 11,615 shares of the company’s stock, valued at approximately $83,000. AXQ Capital LP owned 0.09% of Vince at the end of the most recent quarter. 16.11% of the stock is currently owned by institutional investors.

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.