StockNews.com Begins Coverage on Vince (NYSE:VNCE)

StockNews.com began coverage on shares of Vince (NYSE:VNCE) in a note issued to investors on Friday. The brokerage set a “hold” rating on the textile maker’s stock.

Separately, Noble Financial downgraded Vince from a “strong-buy” rating to a “hold” rating in a report on Monday, May 5th.

Vince Trading Up 1.8%

VNCE opened at $1.68 on Friday. The firm has a market capitalization of $21.58 million, a price-to-earnings ratio of 4.54 and a beta of 0.71. The company’s 50 day simple moving average is $1.80 and its two-hundred day simple moving average is $2.42. Vince has a 1-year low of $1.27 and a 1-year high of $6.89. 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 (NYSE:VNCE) last announced its quarterly earnings results on Friday, May 2nd. The textile maker reported $0.06 EPS for the quarter, beating the consensus estimate of ($0.10) by $0.16. Vince had a negative return on equity of 5.77% and a net margin of 1.60%. The business had revenue of $79.95 million for the quarter, compared to analyst estimates of $72.98 million. Analysts expect that Vince will post 0.63 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of VNCE. FreeGulliver LLC purchased a new position in shares of Vince in the 1st quarter worth $420,000. Jane Street Group LLC acquired a new stake in Vince during the fourth quarter worth about $86,000. Geode Capital Management LLC raised 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 during the period. Finally, National Bank of Canada FI acquired a new position in shares of Vince in the 4th quarter valued at about $29,000. 16.11% of the stock is currently owned by institutional investors and hedge funds.

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.