Vince (NASDAQ:VNCE) Trading 3.6% Higher – Here’s What Happened

Vince Holding Corp. (NASDAQ:VNCE)’s share price shot up 3.6% during trading on Tuesday . The stock traded as high as $6.70 and last traded at $6.69. 89,153 shares changed hands during mid-day trading, a decline of 47% from the average session volume of 167,846 shares. The stock had previously closed at $6.46.

Analyst Ratings Changes

VNCE has been the subject of a number of recent analyst reports. Noble Financial reiterated an “outperform” rating on shares of Vince in a research note on Wednesday, June 17th. Wall Street Zen cut shares of Vince from a “buy” rating to a “hold” rating in a report on Saturday, June 27th. Zacks Research downgraded shares of Vince from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 15th. Finally, Weiss Ratings raised shares of Vince from a “sell (d+)” rating to a “hold (c)” rating in a report on Tuesday, June 23rd. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $4.50.

Vince Trading Down 6.3%

The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.47 and a current ratio of 1.74. The company has a market cap of $78.00 million, a price-to-earnings ratio of 8.67 and a beta of 1.29. The company’s fifty day moving average is $5.69 and its two-hundred day moving average is $3.98.

Vince (NASDAQ:VNCE) last released its quarterly earnings data on Tuesday, June 16th. The company reported ($0.16) EPS for the quarter, missing the consensus estimate of ($0.13) by ($0.03). The business had revenue of $64.03 million during the quarter, compared to analysts’ expectations of $63.05 million. Vince had a net margin of 2.97% and a return on equity of 15.85%. On average, research analysts anticipate that Vince Holding Corp. will post 0.59 EPS for the current year.

Institutional Investors Weigh In On Vince

Several hedge funds have recently added to or reduced their stakes in the business. XTX Topco Ltd purchased a new position in shares of Vince during the 4th quarter valued at about $44,000. Bridgeway Capital Management LLC grew its holdings in Vince by 31.8% during the third quarter. Bridgeway Capital Management LLC now owns 59,656 shares of the company’s stock worth $199,000 after acquiring an additional 14,400 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Vince by 46.1% in the first quarter. Dimensional Fund Advisors LP now owns 48,399 shares of the company’s stock valued at $117,000 after acquiring an additional 15,266 shares during the period. Algert Global LLC purchased a new stake in Vince in the 3rd quarter worth approximately $57,000. Finally, Jane Street Group LLC purchased a new stake in Vince in the 4th quarter worth approximately $148,000. 16.11% of the stock is owned by hedge funds and other institutional investors.

Vince Company Profile

Vince Holding Corp. designs, merchandises, and sells luxury apparel and accessories in the United States and internationally. It operates through three segments: Vince Wholesale, Vince Direct-to-Consumer, and Rebecca Taylor and Parker. The company offers a range of women’s products, such as cashmere sweaters, silk blouses, leather and suede leggings and jackets, dresses, skirts, denims, pants, t-shirts, footwear, outerwear, and accessories; and men’s products comprising t-shirts, knit and woven tops, sweaters, denims, pants, blazers, footwear, and outerwear under the Vince brand.