Vince (NASDAQ:VNCE) Releases Quarterly Earnings Results, Misses Expectations By $0.03 EPS

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

Vince Trading Up 3.9%

NASDAQ:VNCE opened at $5.01 on Tuesday. The firm has a market cap of $64.38 million, a P/E ratio of 10.22 and a beta of 1.38. The company has a current ratio of 1.49, a quick ratio of 0.51 and a debt-to-equity ratio of 0.39. The stock’s 50 day simple moving average is $4.09 and its 200-day simple moving average is $3.36. Vince has a 12-month low of $1.02 and a 12-month high of $5.90.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. XTX Topco Ltd acquired a new position in shares of Vince in the fourth quarter valued at approximately $44,000. Bridgeway Capital Management LLC increased its holdings in shares of Vince by 31.8% in the third quarter. Bridgeway Capital Management LLC now owns 59,656 shares of the company’s stock valued at $199,000 after purchasing an additional 14,400 shares during the period. Algert Global LLC acquired a new position in shares of Vince in the third quarter valued at approximately $57,000. Dimensional Fund Advisors LP acquired a new position in shares of Vince in the fourth quarter valued at approximately $135,000. Finally, Jane Street Group LLC acquired a new position in shares of Vince in the fourth quarter valued at approximately $148,000. Institutional investors and hedge funds own 16.11% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Wall Street Zen raised shares of Vince to a “buy” rating in a report on Saturday, May 23rd. Weiss Ratings raised shares of Vince from a “sell (d)” rating to a “sell (d+)” rating in a report on Tuesday, April 21st. Zacks Research raised shares of Vince from a “hold” rating to a “strong-buy” rating in a report on Friday, April 17th. Finally, Noble Financial reaffirmed an “outperform” rating on shares of Vince in a report on Thursday, April 16th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $4.50.

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.