Vince (NYSE:VNCE) Downgraded to Hold Rating by Noble Financial

Vince (NYSE:VNCE) was downgraded by investment analysts at Noble Financial from a “strong-buy” rating to a “hold” rating in a research report issued on Monday,Zacks.com reports.

Separately, StockNews.com initiated coverage on Vince in a report on Wednesday, April 30th. They issued a “hold” rating on the stock.

Vince Price Performance

Shares of NYSE:VNCE opened at $1.89 on Monday. The company has a 50 day moving average of $1.93 and a 200 day moving average of $2.44. The company has a current ratio of 1.74, a quick ratio of 0.64 and a debt-to-equity ratio of 0.89. The stock has a market cap of $23.83 million, a P/E ratio of 5.11 and a beta of 1.05. Vince has a 12 month low of $1.27 and a 12 month high of $6.89.

Vince (NYSE:VNCE) last released its quarterly earnings results on Friday, May 2nd. The textile maker reported $0.06 EPS for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.16. The firm had revenue of $79.95 million during the quarter, compared to analyst estimates of $72.98 million. Vince had a net margin of 1.60% and a negative return on equity of 5.77%. As a group, sell-side analysts forecast that Vince will post 0.63 EPS for the current fiscal year.

Institutional Trading of Vince

Several institutional investors and hedge funds have recently made changes to their positions in the stock. National Bank of Canada FI bought a new position in Vince in the fourth quarter valued at $29,000. Jane Street Group LLC bought a new stake in Vince during the fourth quarter worth about $86,000. Finally, Geode Capital Management LLC boosted its holdings in shares of Vince by 12.4% in the 4th quarter. Geode Capital Management LLC now owns 33,769 shares of the textile maker’s stock worth $123,000 after purchasing an additional 3,731 shares in the last quarter. 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.