Equities research analysts at Noble Financial assumed coverage on shares of Vince (NYSE:VNCE – Get Free Report) in a research report issued on Monday, MarketBeat Ratings reports. The brokerage set an “outperform” rating and a $3.00 price target on the textile maker’s stock. Noble Financial’s price objective suggests a potential upside of 102.70% from the company’s previous close.
Separately, Small Cap Consu upgraded Vince to a “strong-buy” rating in a research report on Thursday, May 23rd.
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Vince Stock Up 6.5 %
Vince (NYSE:VNCE – Get Free Report) last announced its quarterly earnings data on Tuesday, June 18th. The textile maker reported ($0.26) EPS for the quarter, beating analysts’ consensus estimates of ($0.30) by $0.04. The firm had revenue of $59.17 million for the quarter. Vince had a negative return on equity of 13.13% and a net margin of 10.49%.
Institutional Inflows and Outflows
An institutional investor recently raised its position in Vince stock. Fund 1 Investments LLC lifted its stake in Vince Holding Corp. (NYSE:VNCE – Free Report) by 0.5% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,242,976 shares of the textile maker’s stock after purchasing an additional 6,500 shares during the period. Vince accounts for approximately 0.5% of Fund 1 Investments LLC’s holdings, making the stock its 23rd largest holding. Fund 1 Investments LLC owned about 9.94% of Vince worth $4,301,000 as of its most recent SEC filing. Hedge funds and other institutional investors 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.
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