FY2029 Earnings Estimate for Vince Issued By Noble Financial

Key Points

• Noble Financial forecasts Vince will earn $1.50 per share in FY2029, above the current consensus estimate of $1.39, while maintaining an “Outperform” rating.
• Vince’s latest quarterly results significantly beat expectations, with EPS of $1.02 versus the $0.27 consensus and revenue of $81.79 million compared with estimates of $81.03 million.
• The stock was up 7.0% and trading at $12.24, near its 52-week high of $13.11. MarketBeat’s analyst consensus rating is “Buy,” while institutional investors own 16.11% of the company.

Vince Holding Corp. (NASDAQ:VNCE - Free Report) - Equities research analysts at Noble Financial issued their FY2029 earnings per share estimates for shares of Vince in a report issued on Monday, October 5th. Noble Financial analyst M. Kupinski forecasts that the company will post earnings of $1.50 per share for the year. Noble Financial currently has a "Outperform" rating on the stock. The consensus estimate for Vince's current full-year earnings is $1.39 per share.

Vince (NASDAQ:VNCE - Get Free Report) last posted its earnings results on Thursday, September 10th. The company reported $1.02 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.27 by $0.75. Vince had a return on equity of 31.35% and a net margin of 2.42%.The business had revenue of $81.79 million during the quarter, compared to analysts' expectations of $81.03 million.

A number of other research analysts have also issued reports on the stock. Zacks Research upgraded shares of Vince from a "hold" rating to a "strong-buy" rating in a research report on Monday, September 14th. Weiss Ratings restated a "hold (c)" rating on shares of Vince in a research report on Friday, September 18th. Finally, Wall Street Zen upgraded shares of Vince from a "hold" rating to a "strong-buy" rating in a research report on Saturday, September 12th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, Vince presently has a consensus rating of "Buy".

Vince Stock Up 7.0%

NASDAQ:VNCE opened at $12.24 on Wednesday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.46 and a current ratio of 1.49. Vince has a 52-week low of $1.95 and a 52-week high of $13.11. The stock has a 50-day simple moving average of $7.66 and a 200 day simple moving average of $5.77. The company has a market cap of $158.39 million, a PE ratio of 21.47 and a beta of 1.43.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in Vince stock. AXQ Capital LP purchased a new stake in Vince Holding Corp. (NASDAQ:VNCE - Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 11,615 shares of the company's stock, valued at approximately $83,000. AXQ Capital LP owned about 0.09% of Vince as of its most recent filing with the Securities and Exchange Commission. Institutional investors and hedge funds own 16.11% of the company's stock.

About Vince

Vince is an American contemporary fashion company known for understated, elevated essentials and modern everyday apparel. The brand's product assortment has included women's and men's ready-to-wear clothing, knitwear, outerwear, footwear and accessories, with an emphasis on premium materials, relaxed silhouettes and minimalist design.

Founded in Los Angeles in 2002, Vince developed from a wholesale apparel label into a direct-to-consumer business serving customers through its e-commerce platform, company-operated stores and select wholesale partners.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.