Vince (NYSE:VNCE) Upgraded at Noble Financial

Noble Financial upgraded shares of Vince (NYSE:VNCE) from a market perform rating to an outperform rating in a research note issued to investors on Wednesday, Marketbeat.com reports. Noble Financial currently has $2.50 target price on the textile maker’s stock.

Separately, Wall Street Zen initiated coverage on Vince in a report on Friday, May 16th. They issued a “hold” rating for the company.

Vince Stock Down 2.7%

VNCE opened at $1.44 on Wednesday. The company has a market cap of $18.50 million, a PE ratio of -0.65 and a beta of 0.63. The business has a 50 day moving average price of $1.62 and a two-hundred day moving average price of $2.38. Vince has a 52 week low of $1.25 and a 52 week high of $6.89. The company has a quick ratio of 0.51, a current ratio of 1.57 and a debt-to-equity ratio of 0.93.

Vince (NYSE:VNCE) last issued its earnings results on Tuesday, June 17th. The textile maker reported ($0.37) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.48) by $0.11. Vince had a positive return on equity of 1.89% and a negative net margin of 9.66%. The firm had revenue of $79.95 million for the quarter, compared to analysts’ expectations of $56.12 million. During the same quarter last year, the firm earned ($0.26) earnings per share. As a group, research analysts anticipate that Vince will post 0.63 EPS for the current year.

Institutional Trading of Vince

A number of institutional investors have recently bought and sold shares of VNCE. FreeGulliver LLC acquired a new stake in Vince in the 1st quarter valued at $420,000. Jane Street Group LLC acquired a new position in Vince during the 4th quarter worth approximately $86,000. Geode Capital Management LLC increased its position in Vince by 12.4% in the 4th 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 period. Finally, National Bank of Canada FI acquired a new stake in shares of Vince during the fourth quarter worth $29,000. Institutional investors and hedge funds own 16.11% of the company’s stock.

Vince Company Profile

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.