Vince (NYSE:VNCE) Rating Increased to Outperform at Noble Financial

Noble Financial upgraded shares of Vince (NYSE:VNCE) from a market perform rating to an outperform rating in a report published on Wednesday,Benzinga reports. The brokerage currently has $2.50 price objective on the textile maker’s stock.

Separately, Wall Street Zen assumed coverage on Vince in a research note on Friday, May 16th. They issued a “hold” rating on the stock.

Vince Stock Down 1.8%

VNCE opened at $1.45 on Wednesday. The business has a 50-day moving average of $1.62 and a 200-day moving average of $2.38. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.31 and a quick ratio of 0.51. Vince has a fifty-two week low of $1.25 and a fifty-two week high of $6.89. The company has a market capitalization of $18.67 million, a PE ratio of -0.65 and a beta of 0.63.

Vince (NYSE:VNCE) last issued its quarterly earnings results on Tuesday, June 17th. The textile maker reported ($0.37) EPS for the quarter, topping the consensus estimate of ($0.48) by $0.11. Vince had a positive return on equity of 1.77% and a negative net margin of 9.66%. The company had revenue of $79.95 million for the quarter, compared to the consensus estimate of $56.12 million. During the same period in the previous year, the business posted ($0.26) EPS. Equities research analysts forecast that Vince will post 0.63 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. FreeGulliver LLC acquired a new position in Vince during the first quarter valued at approximately $420,000. Jane Street Group LLC acquired a new position in Vince during the fourth quarter valued at approximately $86,000. Geode Capital Management LLC boosted its position in Vince by 12.4% during the fourth quarter. Geode Capital Management LLC now owns 33,769 shares of the textile maker’s stock valued at $123,000 after purchasing an additional 3,731 shares during the last quarter. Finally, National Bank of Canada FI acquired a new stake in shares of Vince in the fourth quarter valued at approximately $29,000. 16.11% of the stock is owned by institutional investors and hedge funds.

About Vince

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.