Vince (NASDAQ:VNCE) Stock Rating Lowered by Zacks Research

Vince (NASDAQ:VNCE) was downgraded by investment analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research report issued on Tuesday, Zacks reports.

Several other analysts also recently weighed in on VNCE. Noble Financial reissued an “outperform” rating on shares of Vince in a report on Friday, September 11th. Wall Street Zen raised Vince from a “hold” rating to a “strong-buy” rating in a research report on Saturday, September 12th. Finally, Weiss Ratings upgraded Vince from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, October 8th. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold”.

Vince Stock Up 4.8%

Shares of Vince stock opened at $13.56 on Tuesday. The company has a market capitalization of $175.47 million, a P/E 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. The company has a 50 day moving average of $10.62 and a 200 day moving average of $6.04. Vince has a 52-week low of $1.95 and a 52-week high of $13.90.

Vince (NASDAQ:VNCE) last posted its earnings results on Thursday, September 10th. The company reported $1.02 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.75. Vince had a return on equity of 31.35% and a net margin of 2.42%. The firm had revenue of $81.79 million during the quarter, compared to analysts’ expectations of $81.03 million. As a group, research analysts forecast that Vince will post 1.39 EPS for the current fiscal year.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Vince stock. AXQ Capital LP acquired a new stake in Vince Holding Corp. (NASDAQ:VNCE) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 11,615 shares of the company’s stock, valued at approximately $83,000. AXQ Capital LP owned 0.09% of Vince as of its most recent filing with the Securities and Exchange Commission (SEC). Hedge funds and other institutional investors own 16.11% of the company’s stock.

About Vince

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.