Vince (NYSE:VNCE) Share Price Crosses Below 200 Day Moving Average – What’s Next?

Vince Holding Corp. (NYSE:VNCE)’s share price passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $2.84 and traded as low as $2.74. Vince shares last traded at $2.78, with a volume of 28,033 shares.

Wall Street Analysts Forecast Growth

Separately, Noble Financial reissued an “outperform” rating on shares of Vince in a report on Monday, January 5th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Vince presently has an average rating of “Moderate Buy” and an average price target of $4.50.

Vince Stock Down 3.1%

The firm has a market capitalization of $37.08 million, a price-to-earnings ratio of -2.07 and a beta of 0.64. The business has a 50 day moving average of $3.05 and a 200 day moving average of $2.84. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.61 and a quick ratio of 0.51.

Vince (NYSE:VNCE) last posted its quarterly earnings results on Tuesday, December 9th. The textile maker reported $0.21 earnings per share for the quarter, topping analysts’ consensus estimates of $0.11 by $0.10. Vince had a negative net margin of 5.75% and a positive return on equity of 11.37%. The firm had revenue of $85.13 million for the quarter, compared to the consensus estimate of $80.88 million. During the same quarter in the previous year, the company earned $0.34 earnings per share. On average, equities analysts anticipate that Vince Holding Corp. will post 0.63 EPS for the current year.

Insider Transactions at Vince

In other Vince news, Director Eugenia Ulasewicz sold 11,322 shares of the firm’s stock in a transaction dated Wednesday, December 24th. The shares were sold at an average price of $4.34, for a total transaction of $49,137.48. Following the completion of the transaction, the director owned 91,513 shares in the company, valued at $397,166.42. This trade represents a 11.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 61.00% of the stock is owned by company insiders.

Hedge Funds Weigh In On Vince

A number of hedge funds have recently modified their holdings of VNCE. FreeGulliver LLC boosted its stake in Vince by 42.2% in the 2nd quarter. FreeGulliver LLC now owns 310,968 shares of the textile maker’s stock valued at $448,000 after buying an additional 92,322 shares in the last quarter. Bridgeway Capital Management LLC raised its stake in Vince by 31.8% during the third quarter. Bridgeway Capital Management LLC now owns 59,656 shares of the textile maker’s stock worth $199,000 after acquiring an additional 14,400 shares in the last quarter. Two Sigma Investments LP lifted its holdings in shares of Vince by 481.6% during the third quarter. Two Sigma Investments LP now owns 75,969 shares of the textile maker’s stock valued at $254,000 after acquiring an additional 62,907 shares during the period. Algert Global LLC acquired a new stake in shares of Vince in the 3rd quarter valued at $57,000. Finally, Goldman Sachs Group Inc. bought a new stake in shares of Vince in the 4th quarter worth about $151,000. 16.11% of the stock is owned by institutional investors and hedge funds.

About Vince

Vince (NYSE: VNCE) is a Los Angeles–based designer, marketer and retailer of contemporary apparel, accessories and footwear. The company’s collections encompass women’s and men’s ready-to-wear, handbags, small leather goods, scarves, hosiery and footwear. Vince’s product ethos centers on understated luxury, combining high–quality fabrics—such as cashmere, silk, cotton and leather—with a minimalist design aesthetic intended to appeal to a broad base of fashion–conscious consumers.

Vince distributes its products through a multi–channel platform that includes full–price standalone stores, factory outlets, department store shop-in-shops and e-commerce.