Vince (NYSE:VNCE – Get Rating) released quarterly earnings data on Thursday. The textile maker reported ($0.60) earnings per share (EPS) for the quarter, beating analyst consensus estimates of ($0.67) by $0.07, Fidelity Earnings reports. Vince had a negative return on equity of 14.70% and a negative net margin of 2.40%. During the same period of the previous year, the company posted an EPS of ($0.98).
Vince shares rose $0.11 on Friday, hitting $7.86. The company had a trading volume of 10,077 shares, compared to an average volume of 11,044. The company has a market capitalization of $94.63 million, a price-earnings ratio of -11.23 and a beta of 2, 13. The company has a debt ratio of 1.59, a current ratio of 1.26 and a quick ratio of 0.40. The company’s 50-day moving average price is $8.25 and its two-hundred-day moving average price is $8.47. Vince has a 1-year low of $6.33 and a 1-year high of $13.14.
Separately, CEO Jonathan Schwefel sold 4,585 shares of the company in a trade on Wednesday, March 30. The stock was sold at an average price of $8.06, for a total transaction of $36,955.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Last quarter, insiders sold 12,569 shares of the company valued at $101,847. Insiders of the Company hold 74.00% of the shares of the Company.
A number of institutional investors and hedge funds have been buying and selling stocks recently. Morgan Stanley increased its position in Vince by 2,032.5% during the 2nd quarter. Morgan Stanley now owns 2,623 shares of the textile maker valued at $26,000 after buying an additional 2,500 shares last quarter. State Street Corp acquired a new stock position in Vince during the first quarter worth about $88,000. Finally, Shay Capital LLC increased its equity stake in Vince by 6.4% during the first quarter. Shay Capital LLC now owns 33,525 shares of the textile maker valued at $273,000 after acquiring 2,015 additional shares in the last quarter. Institutional investors hold 5.79% of the company’s shares.
Vince Company Profile (Get an assessment)
Vince Holding Corp. designs, markets and sells luxury apparel and accessories in the United States and around the world. 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, jeans, pants, t-shirts, footwear, outerwear and accessories; and men’s products including t-shirts, knit and woven tops, sweaters, jeans, pants, blazers, shoes and outerwear under the Vince brand.
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