Vince (NASDAQ:VNCE) Trading Down 0.9% – Should You Sell?

Vince Holding Corp. (NASDAQ:VNCE) fell 0.9% during mid-day trading on Thursday . The stock traded as low as $2.13 and last traded at $2.19. 21,651 shares traded hands during trading, a decline of 53% from the average session volume of 46,230 shares. The stock had previously closed at $2.21.

Analysts Set New Price Targets

VNCE has been the subject of several research analyst reports. Zacks Research lowered shares of Vince from a “strong-buy” rating to a “hold” rating in a report on Friday, March 6th. Wall Street Zen upgraded Vince from a “hold” rating to a “buy” rating in a report on Saturday, December 6th. Weiss Ratings reissued a “sell (d)” rating on shares of Vince in a research report on Tuesday, January 27th. Finally, Noble Financial restated an “outperform” rating on shares of Vince in a research note on Monday, January 5th. One investment analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Vince presently has a consensus rating of “Hold” and an average price target of $4.50.

Vince Price Performance

The firm has a market capitalization of $29.21 million, a price-to-earnings ratio of -1.49 and a beta of 0.64. The company has a current ratio of 1.79, a quick ratio of 0.64 and a debt-to-equity ratio of 0.68. The stock has a 50 day moving average price of $2.71.

Insider Activity at Vince

In related news, Director Eugenia Ulasewicz sold 11,322 shares of the company’s stock in a transaction that occurred on Wednesday, December 24th. The stock was sold at an average price of $4.34, for a total value of $49,137.48. Following the sale, the director owned 91,513 shares in the company, valued at $397,166.42. This represents a 11.01% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 61.00% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Vince

A number of hedge funds have recently added to or reduced their stakes in the company. FreeGulliver LLC boosted its stake in Vince by 42.2% during the 2nd quarter. FreeGulliver LLC now owns 310,968 shares of the company’s stock valued at $448,000 after purchasing an additional 92,322 shares during the last quarter. Quadrature Capital Ltd purchased a new position in shares of Vince in the fourth quarter worth $191,000. Marshall Wace LLP purchased a new position in shares of Vince in the fourth quarter worth $212,000. Essex Investment Management Co. LLC bought a new position in shares of Vince during the fourth quarter valued at $166,000. Finally, Renaissance Technologies LLC lifted its holdings in shares of Vince by 70.0% during the fourth quarter. Renaissance Technologies LLC now owns 137,450 shares of the company’s stock valued at $561,000 after purchasing an additional 56,600 shares in the last quarter. 16.11% of the stock is currently owned by hedge funds and other institutional investors.

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.