Noble Financial Downgrades Vince (NYSE:VNCE) to Hold

Vince (NYSE:VNCE) was downgraded by analysts at Noble Financial from a “strong-buy” rating to a “hold” rating in a report released on Monday, Marketbeat Ratings reports.

Separately, StockNews.com began coverage on shares of Vince in a research report on Wednesday, April 30th. They set a “hold” rating for the company.

Vince Stock Down 7.5 %

NYSE:VNCE opened at $1.85 on Monday. 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 has a one year low of $1.27 and a one year high of $6.89. The firm’s 50 day simple moving average is $1.91 and its 200 day simple moving average is $2.43. The company has a market cap of $23.33 million, a PE ratio of 5.00 and a beta of 0.71.

Vince (NYSE:VNCE) last announced its earnings results on Friday, May 2nd. The textile maker reported $0.06 EPS for the quarter, topping the consensus estimate of ($0.10) by $0.16. The firm had revenue of $79.95 million for the quarter, compared to the consensus estimate of $72.98 million. Vince had a negative return on equity of 5.77% and a net margin of 1.60%. On average, research analysts anticipate that Vince will post 0.63 earnings per share for the current year.

Institutional Trading of Vince

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. National Bank of Canada FI bought a new position in Vince in the fourth quarter worth approximately $29,000. Jane Street Group LLC acquired a new position in Vince during the fourth quarter worth $86,000. Geode Capital Management LLC lifted its stake in shares of Vince by 12.4% in the fourth quarter. Geode Capital Management LLC now owns 33,769 shares of the textile maker’s stock valued at $123,000 after buying an additional 3,731 shares in the last quarter. Finally, FreeGulliver LLC acquired a new position in shares of Vince during the first quarter valued at about $420,000. 16.11% of the stock is owned by institutional investors.

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.