Vince Holding Corp. (VNCE) Receives “Neutral” Rating from B. Riley
Vince Holding Corp. (NYSE:VNCE)‘s stock had its “neutral” rating reiterated by stock analysts at B. Riley in a report released on Wednesday. They currently have a $6.50 price objective on the stock. B. Riley’s price objective points to a potential upside of 2.04% from the stock’s previous close.
Several other equities research analysts have also recently issued reports on the company. Stifel Nicolaus reiterated a “hold” rating and issued a $7.00 price target on shares of Vince Holding Corp. in a research note on Monday. Robert W. Baird boosted their price target on Vince Holding Corp. from $5.00 to $6.00 and gave the company a “neutral” rating in a research note on Friday, September 9th. Piper Jaffray Cos. upgraded Vince Holding Corp. from a “neutral” rating to an “overweight” rating and boosted their price target for the company from $6.00 to $8.00 in a research note on Monday, August 22nd. They noted that the move was a valuation call. Finally, Zacks Investment Research cut Vince Holding Corp. from a “buy” rating to a “hold” rating in a research note on Friday, July 29th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $6.25.
Vince Holding Corp. (NYSE:VNCE) opened at 6.37 on Wednesday. The company has a market capitalization of $314.75 million, a price-to-earnings ratio of 67.77 and a beta of 2.52. The firm has a 50-day moving average price of $5.73 and a 200-day moving average price of $5.92. Vince Holding Corp. has a 12 month low of $3.31 and a 12 month high of $8.11.
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Vince Holding Corp. (NYSE:VNCE) last issued its quarterly earnings results on Thursday, September 8th. The company reported ($0.04) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.06) by $0.02. The business earned $60.70 million during the quarter, compared to analysts’ expectations of $64.15 million. Vince Holding Corp. had a return on equity of 1.13% and a net margin of 1.30%. The firm’s revenue for the quarter was down 24.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.14 earnings per share. On average, equities analysts anticipate that Vince Holding Corp. will post $0.04 earnings per share for the current fiscal year.
Several hedge funds and other institutional investors have recently made changes to their positions in VNCE. Chevy Chase Trust Holdings increased its position in shares of Vince Holding Corp. by 26.9% in the fourth quarter. Chevy Chase Trust Holdings now owns 457,224 shares of the company’s stock valued at $2,094,000 after buying an additional 96,839 shares during the period. Royce & Associates LLC bought a new position in shares of Vince Holding Corp. during the fourth quarter valued at about $3,034,000. J. Goldman & Co LP bought a new position in shares of Vince Holding Corp. during the fourth quarter valued at about $1,374,000. Connor Clark & Lunn Investment Management Ltd. increased its position in shares of Vince Holding Corp. by 125.1% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 405,975 shares of the company’s stock valued at $1,859,000 after buying an additional 225,650 shares during the period. Finally, Federated Investors Inc. PA increased its position in shares of Vince Holding Corp. by 13.3% in the fourth quarter. Federated Investors Inc. PA now owns 349,735 shares of the company’s stock valued at $1,602,000 after buying an additional 40,961 shares during the period. Institutional investors own 26.85% of the company’s stock.
About Vince Holding Corp.
Vince Holding Corp. (Vince) is a contemporary fashion brand known for modern style and everyday luxury essentials. The Company offers a range of women’s and men’s apparel, women’s and men’s footwear, and handbags. It operates in two segments: wholesale and direct-to-consumer. Its wholesale segment consists of sales to department stores and specialty stores in the United States and in select international markets.
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