ValuEngine Downgrades Vince (VNCE) to Sell

Vince (NYSE:VNCE) was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating in a research note issued to investors on Friday, February 2nd.

Vince (NYSE VNCE) opened at $7.10 on Friday. Vince has a 1 year low of $2.80 and a 1 year high of $27.00. The company has a quick ratio of 0.99, a current ratio of 2.24 and a debt-to-equity ratio of 960.33.

Vince (NYSE:VNCE) last released its quarterly earnings data on Thursday, December 7th. The textile maker reported $0.41 earnings per share for the quarter. Vince had a negative return on equity of 120.03% and a negative net margin of 68.01%. The business had revenue of $79.07 million during the quarter.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its holdings in Vince by 69.7% in the 2nd quarter. Vanguard Group Inc. now owns 857,522 shares of the textile maker’s stock worth $404,000 after buying an additional 352,097 shares during the period. Chevy Chase Trust Holdings Inc. lifted its holdings in Vince by 122.7% in the 3rd quarter. Chevy Chase Trust Holdings Inc. now owns 1,231,866 shares of the textile maker’s stock worth $739,000 after buying an additional 678,641 shares during the period. Finally, Royce & Associates LP lifted its holdings in Vince by 169.1% in the 3rd quarter. Royce & Associates LP now owns 1,718,539 shares of the textile maker’s stock worth $1,031,000 after buying an additional 1,079,827 shares during the period. Institutional investors and hedge funds own 50.58% of the company’s stock.

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About Vince

Vince Holding Corp. (Vince) is a United States-based company, which offers a range of women’s and men’s apparel, women’s and men’s footwear, and handbags. The Company operates as a fashion brand. The Company operates in two segments: Wholesale and Direct-to-consumer. The Company’s Wholesale segment consists of its operations to distribute products to various department stores and specialty stores in the United States and select international markets.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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