Vince (NYSE:VNCE – Get Rating) released its earnings results on Friday. The textile maker reported ($0.23) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.07) by ($0.16), MarketWatch Earnings reports. Vince had a negative net margin of 5.25% and a negative return on equity of 26.81%. During the same quarter last year, the firm earned ($0.48) EPS.
Shares of VNCE traded up $0.37 during trading hours on Friday, hitting $9.11. The stock had a trading volume of 26,688 shares, compared to its average volume of 10,140. The company’s fifty day moving average is $8.05 and its two-hundred day moving average is $8.79. The company has a debt-to-equity ratio of 1.61, a current ratio of 1.28 and a quick ratio of 0.41. Vince has a 52 week low of $6.33 and a 52 week high of $13.51. The stock has a market capitalization of $108.96 million, a price-to-earnings ratio of -8.44 and a beta of 2.37.
In related news, CEO Jonathan Schwefel sold 4,585 shares of the company’s stock in a transaction dated Wednesday, March 30th. The shares were sold at an average price of $8.06, for a total transaction of $36,955.10. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In the last ninety days, insiders sold 9,644 shares of company stock worth $78,645. 74.00% of the stock is owned by insiders.
Separately, Zacks Investment Research raised shares of Vince from a “strong sell” rating to a “hold” rating in a report on Thursday, February 10th.
About Vince (Get Rating)
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.
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