Q1 2024 Earnings Estimate for Vince Holding Corp. (NYSE:VNCE) Issued By Telsey Advisory Group

Vince Holding Corp. (NYSE:VNCEGet Rating) – Research analysts at Telsey Advisory Group issued their Q1 2024 EPS estimates for shares of Vince in a note issued to investors on Monday, June 6th. Telsey Advisory Group analyst D. Telsey anticipates that the textile maker will post earnings per share of ($0.61) for the quarter. Telsey Advisory Group also issued estimates for Vince’s Q2 2024 earnings at $0.43 EPS, Q3 2024 earnings at $0.80 EPS, Q4 2024 earnings at $0.42 EPS and FY2024 earnings at $1.05 EPS.

Separately, Zacks Investment Research lowered Vince from a “buy” rating to a “hold” rating in a research report on Saturday, May 7th.

VNCE opened at $7.90 on Wednesday. The stock has a market cap of $95.10 million, a PE ratio of -7.31 and a beta of 2.13. The company has a quick ratio of 0.40, a current ratio of 1.26 and a debt-to-equity ratio of 1.59. The business has a 50 day moving average of $8.27 and a 200-day moving average of $8.53. Vince has a 52 week low of $6.33 and a 52 week high of $13.51.

Vince (NYSE:VNCEGet Rating) last released its quarterly earnings data on Friday, April 29th. The textile maker reported ($0.23) earnings per share for the quarter, missing the consensus estimate of ($0.07) by ($0.16). Vince had a negative return on equity of 22.75% and a negative net margin of 3.94%. During the same period in the previous year, the firm posted ($0.48) earnings per share.

In other Vince news, CEO Jonathan Schwefel sold 4,585 shares of Vince stock in a transaction on Wednesday, March 30th. The stock was sold at an average price of $8.06, for a total value of $36,955.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In the last three months, insiders sold 12,569 shares of company stock valued at $101,847. Corporate insiders own 74.00% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of VNCE. Morgan Stanley grew its holdings in shares of Vince by 2,032.5% in the second quarter. Morgan Stanley now owns 2,623 shares of the textile maker’s stock worth $26,000 after acquiring an additional 2,500 shares during the period. Shay Capital LLC purchased a new position in Vince during the fourth quarter valued at $251,000. Atlas Private Wealth Advisors purchased a new position in Vince during the first quarter valued at $654,000. Finally, State Street Corp purchased a new position in Vince during the first quarter valued at $88,000. 5.79% of the stock is owned by institutional investors.

Vince Company Profile (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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