Vince (NYSE:VNCE) Stock Rating Lowered by StockNews.com

Vince (NYSE:VNCE) was downgraded by equities research analysts at StockNews.com from a “buy” rating to a “hold” rating in a report issued on Tuesday.

Vince Price Performance

Shares of NYSE VNCE opened at $2.80 on Tuesday. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.74 and a quick ratio of 0.64. Vince has a 1 year low of $1.27 and a 1 year high of $6.89. The company’s 50-day moving average is $3.51 and its 200 day moving average is $2.41. The stock has a market capitalization of $35.31 million, a P/E ratio of 7.57 and a beta of 1.45.

Vince (NYSE:VNCE) last posted its earnings results on Tuesday, December 10th. The textile maker reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.23 by $0.11. Vince had a negative return on equity of 5.77% and a net margin of 1.60%. On average, sell-side analysts expect that Vince will post 0.63 earnings per share for the current year.

Insider Buying and Selling at Vince

In other Vince news, major shareholder Rodger R. Krouse sold 7,218,385 shares of the company’s stock in a transaction dated Wednesday, January 22nd. The shares were sold at an average price of $2.33, for a total value of $16,818,837.05. Following the sale, the insider now owns 1,262,933 shares in the company, valued at approximately $2,942,633.89. This represents a 85.11 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 3.30% of the company’s stock.

Institutional Trading of Vince

A number of hedge funds have recently made changes to their positions in the stock. National Bank of Canada FI bought a new stake in Vince in the fourth quarter worth $29,000. Jane Street Group LLC bought a new position in shares of Vince during the fourth quarter valued at $86,000. Finally, Geode Capital Management LLC raised its position 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 during the last quarter. 16.11% of the stock is owned by institutional investors.

About Vince

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.