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

Vince (NYSE:VNCE) was downgraded by StockNews.com from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Tuesday.

Vince Stock Performance

Shares of VNCE stock traded up $0.05 on Tuesday, hitting $2.72. The company had a trading volume of 37,432 shares, compared to its average volume of 4,119,101. Vince has a twelve month low of $1.27 and a twelve month high of $6.89. The company has a quick ratio of 0.64, a current ratio of 1.74 and a debt-to-equity ratio of 0.89. The firm has a market cap of $34.32 million, a P/E ratio of 7.36 and a beta of 1.45. The company has a 50-day moving average price of $3.51 and a 200-day moving average price of $2.41.

Vince (NYSE:VNCE) last announced its quarterly earnings results on Tuesday, December 10th. The textile maker reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.23 by $0.11. Vince had a negative return on equity of 5.77% and a net margin of 1.60%. As a group, equities research analysts predict that Vince will post 0.63 earnings per share 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 stock in a transaction that occurred on Wednesday, January 22nd. The stock was sold at an average price of $2.33, for a total transaction of $16,818,837.05. Following the transaction, the insider now owns 1,262,933 shares in the company, valued at approximately $2,942,633.89. This represents a 85.11 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 3.30% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

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

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.