Vince (NYSE:VNCE) Cut to Hold at StockNews.com

StockNews.com cut shares of Vince (NYSE:VNCE) from a buy rating to a hold rating in a research report released on Tuesday morning.

Vince Price Performance

NYSE:VNCE opened at $2.72 on Tuesday. Vince has a one year low of $1.27 and a one year high of $6.89. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.64 and a current ratio of 1.74. The firm has a market cap of $34.32 million, a price-to-earnings ratio of 7.36 and a beta of 1.45. The firm’s fifty day moving average is $3.51 and its two-hundred day moving average is $2.41.

Vince (NYSE:VNCE) last posted its quarterly earnings results on Tuesday, December 10th. The textile maker reported $0.34 EPS for the quarter, beating the consensus estimate of $0.23 by $0.11. Vince had a net margin of 1.60% and a negative return on equity of 5.77%. Research analysts expect that Vince will post 0.63 EPS 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 completion of the transaction, 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 legal filing with the SEC, which is accessible through this link. 3.30% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Jane Street Group LLC acquired a new position in shares of Vince during the 4th quarter worth about $86,000. National Bank of Canada FI acquired a new position in shares of Vince during the 4th quarter worth about $29,000. Finally, Geode Capital Management LLC raised its position in shares of Vince by 12.4% during 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. Institutional investors and hedge funds 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.