Vince (NASDAQ:VNCE) Cut to Hold at Zacks Research

Key Points

• Zacks Research downgraded Vince from “strong-buy” to “hold.” MarketBeat’s analyst consensus is also “hold,” with one Buy rating and two Hold ratings.
• Vince reported quarterly EPS of $1.02, beating the $0.27 estimate; revenue of $81.79 million also topped expectations of $81.03 million.
• Shares opened at $13.56, near the stock’s 52-week high of $13.90. Dimensional Fund Advisors increased its stake by 46.1% in the first quarter.

Vince (NASDAQ:VNCE - Get Free Report) was downgraded by equities research analysts at Zacks Research from a "strong-buy" rating to a "hold" rating in a report issued on Tuesday, Zacks reports.

A number of other research firms have also weighed in on VNCE. Weiss Ratings raised shares of Vince from a "hold (c)" rating to a "hold (c+)" rating in a research note on Thursday, October 8th. Wall Street Zen upgraded Vince from a "hold" rating to a "strong-buy" rating in a research report on Saturday, September 12th. Finally, Noble Financial reaffirmed an "outperform" rating on shares of Vince in a report on Friday, September 11th. One analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold".

Vince Price Performance

Shares of NASDAQ VNCE opened at $13.56 on Tuesday. The firm has a 50-day simple moving average of $10.62 and a 200-day simple moving average of $6.04. The stock has a market capitalization of $175.47 million, a price-to-earnings ratio of 10.35 and a beta of 1.41. The company has a quick ratio of 0.46, a current ratio of 1.49 and a debt-to-equity ratio of 0.21. Vince has a 52 week low of $1.95 and a 52 week high of $13.90.

Vince (NASDAQ:VNCE - Get Free Report) last posted its quarterly earnings results on Thursday, September 10th. The company reported $1.02 earnings per share for the quarter, topping analysts' consensus estimates of $0.27 by $0.75. Vince had a net margin of 2.42% and a return on equity of 31.35%. The firm had revenue of $81.79 million for the quarter, compared to analyst estimates of $81.03 million. On average, equities analysts predict that Vince will post 1.39 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Vince

A hedge fund recently raised its stake in Vince stock. Dimensional Fund Advisors LP boosted its position in shares of Vince Holding Corp. (NASDAQ:VNCE - Free Report) by 46.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 48,399 shares of the company's stock after purchasing an additional 15,266 shares during the period. Dimensional Fund Advisors LP owned approximately 0.38% of Vince worth $117,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 16.11% of the company's stock.

Vince Company Profile

Vince Holding Corp. was the parent company of Vince, a contemporary luxury apparel and accessories brand founded in Los Angeles in 2002. The brand is known for minimalist, modern designs and premium materials, offering women's and men's clothing, footwear, handbags, accessories and selected home products. Vince has served customers through company-operated stores, its e-commerce platform and wholesale distribution to department stores and specialty retailers. Its products have been marketed in the United States and internationally, with the brand emphasizing versatile wardrobe essentials and a refined California-inspired aesthetic.

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