Vince (NASDAQ:VNCE) Announces Quarterly Earnings Results, Beats Expectations By $0.75 EPS

Key Points

• Vince significantly beat earnings expectations: The company reported quarterly EPS of $1.02, exceeding the $0.27 consensus estimate by $0.75. Revenue reached $81.79 million, slightly above expectations of $81.03 million.
• Shares opened at $6.38 and have traded between $1.47 and $8.20 over the past year. Vince has an $81.96 million market capitalization and a price-to-earnings ratio of 9.11.
• Analyst sentiment remains cautious: Vince has a consensus “Hold” rating and an average price target of $4.50, while institutional investors own 16.11% of the company.

Vince (NASDAQ:VNCE - Get Free Report) posted its quarterly earnings data on Thursday. The company reported $1.02 earnings per share for the quarter, topping analysts' consensus estimates of $0.27 by $0.75, FiscalAI reports. Vince had a net margin of 2.97% and a return on equity of 15.85%. The firm had revenue of $81.79 million during the quarter, compared to analysts' expectations of $81.03 million.

Vince Stock Performance

Shares of VNCE opened at $6.38 on Thursday. Vince has a 1 year low of $1.47 and a 1 year high of $8.20. The stock has a market capitalization of $81.96 million, a PE ratio of 9.11 and a beta of 1.37. 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 stock has a 50-day simple moving average of $6.40 and a 200-day simple moving average of $4.84.

Analyst Upgrades and Downgrades

VNCE has been the topic of several research analyst reports. Noble Financial reiterated an "outperform" rating on shares of Vince in a report on Wednesday, June 17th. Wall Street Zen downgraded Vince from a "buy" rating to a "hold" rating in a research report on Saturday, June 27th. Weiss Ratings upgraded shares of Vince from a "sell (d+)" rating to a "hold (c)" rating in a research note on Tuesday, June 23rd. Finally, Zacks Research lowered shares of Vince from a "strong-buy" rating to a "hold" rating in a research note on Monday, June 15th. One equities research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, Vince currently has a consensus rating of "Hold" and an average target price of $4.50.

Hedge Funds Weigh In On Vince

Large investors have recently bought and sold shares of the business. XTX Topco Ltd purchased a new position in shares of Vince in the 4th quarter valued at about $44,000. Algert Global LLC purchased a new position in Vince in the third quarter valued at approximately $57,000. Dimensional Fund Advisors LP acquired a new stake in Vince during the fourth quarter worth approximately $135,000. Jane Street Group LLC purchased a new stake in shares of Vince during the 4th quarter worth approximately $148,000. Finally, Goldman Sachs Group Inc. purchased a new stake in shares of Vince during the 4th quarter worth approximately $151,000. Hedge funds and other institutional investors own 16.11% of the company's stock.

About Vince

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.