Vince (NYSE:VNCE) Lowered to Hold Rating by StockNews.com

StockNews.com downgraded shares of Vince (NYSE:VNCE) from a buy rating to a hold rating in a report issued on Tuesday.

Vince Stock Performance

Shares of Vince stock opened at $2.77 on Tuesday. The business has a 50-day simple moving average of $3.52 and a 200-day simple moving average of $2.41. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.64 and a current ratio of 1.74. Vince has a one year low of $1.27 and a one year high of $6.89. The company has a market cap of $34.87 million, a PE ratio of 7.47 and a beta of 1.45.

Vince (NYSE:VNCE) last announced its quarterly earnings data on Tuesday, December 10th. The textile maker reported $0.34 EPS for the quarter, beating analysts’ consensus estimates of $0.23 by $0.11. Vince had a net margin of 1.60% and a negative return on equity of 5.77%. On average, equities research analysts forecast that Vince will post 0.63 EPS for the current fiscal year.

Insider Buying and Selling

In other Vince news, major shareholder Rodger R. Krouse sold 7,218,385 shares of the firm’s stock in a transaction that occurred on Wednesday, January 22nd. The shares were sold at an average price of $2.33, for a total transaction of $16,818,837.05. Following the sale, the insider now owns 1,262,933 shares of the company’s stock, valued at approximately $2,942,633.89. This trade represents a 85.11 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 3.30% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. Geode Capital Management LLC lifted its position in Vince by 12.4% in the fourth quarter. Geode Capital Management LLC now owns 33,769 shares of the textile maker’s stock valued at $123,000 after acquiring an additional 3,731 shares during the last quarter. Jane Street Group LLC acquired a new stake in shares of Vince during the fourth quarter worth about $86,000. Finally, National Bank of Canada FI purchased a new stake in shares of Vince in the 4th quarter valued at about $29,000. 16.11% of the stock is owned by hedge funds and other institutional investors.

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.