Vince (NASDAQ:VNCE) Announces Quarterly Earnings Results

Vince (NASDAQ:VNCE) posted its earnings results on Tuesday. The company reported ($0.16) earnings per share for the quarter, missing the consensus estimate of ($0.13) by ($0.03), FiscalAI reports. Vince had a net margin of 2.13% and a return on equity of 11.08%. The company had revenue of $64.04 million for the quarter, compared to the consensus estimate of $63.05 million.

Vince Trading Up 3.9%

Shares of NASDAQ:VNCE opened at $5.01 on Tuesday. The company has a market cap of $64.38 million, a P/E ratio of 10.22 and a beta of 1.38. The stock’s 50-day moving average is $4.09 and its 200-day moving average is $3.36. Vince has a 52-week low of $1.02 and a 52-week high of $5.90. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.51 and a current ratio of 1.49.

Analyst Ratings Changes

Several research firms have weighed in on VNCE. Noble Financial restated an “outperform” rating on shares of Vince in a report on Thursday, April 16th. Wall Street Zen upgraded Vince to a “buy” rating in a report on Saturday, May 23rd. Weiss Ratings upgraded Vince from a “sell (d)” rating to a “sell (d+)” rating in a report on Tuesday, April 21st. Finally, Zacks Research upgraded Vince from a “hold” rating to a “strong-buy” rating in a report on Friday, April 17th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $4.50.

Institutional Investors Weigh In On Vince

Hedge funds and other institutional investors have recently made changes to their positions in the business. Quadrature Capital Ltd acquired a new stake in shares of Vince in the fourth quarter valued at about $191,000. Marshall Wace LLP acquired a new stake in shares of Vince in the fourth quarter valued at about $212,000. Renaissance Technologies LLC grew its position in shares of Vince by 70.0% in the fourth quarter. Renaissance Technologies LLC now owns 137,450 shares of the company’s stock valued at $561,000 after purchasing an additional 56,600 shares during the last quarter. FreeGulliver LLC grew its position in shares of Vince by 203.6% in the fourth quarter. FreeGulliver LLC now owns 484,412 shares of the company’s stock valued at $1,976,000 after purchasing an additional 324,835 shares during the last quarter. Finally, Two Sigma Investments LP grew its position in shares of Vince by 481.6% in the third quarter. Two Sigma Investments LP now owns 75,969 shares of the company’s stock valued at $254,000 after purchasing an additional 62,907 shares during the last quarter. 16.11% of the stock is owned by institutional investors and hedge funds.

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.