Vince (NYSE:VNCE) Now Covered by Analysts at StockNews.com

Analysts at StockNews.com began coverage on shares of Vince (NYSE:VNCE) in a note issued to investors on Wednesday. The firm set a “buy” rating on the textile maker’s stock.

Vince Trading Down 7.2 %

NYSE:VNCE traded down $0.26 on Wednesday, hitting $3.33. The stock had a trading volume of 160,760 shares, compared to its average volume of 6,393,449. The company has a quick ratio of 0.64, a current ratio of 1.74 and a debt-to-equity ratio of 0.89. The stock has a market cap of $42.03 million, a price-to-earnings ratio of 9.01 and a beta of 1.45. The company has a fifty day moving average price of $3.15 and a two-hundred day moving average price of $2.27. Vince has a 1-year low of $1.27 and a 1-year high of $6.89.

Vince (NYSE:VNCE) last released its quarterly earnings results on Tuesday, December 10th. The textile maker reported $0.34 EPS for the quarter, beating the consensus estimate of $0.23 by $0.11. Vince had a net margin of 1.60% and a negative return on equity of 5.77%. Equities research analysts expect that Vince will post 0.63 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, major shareholder Rodger R. Krouse sold 7,218,385 shares of Vince stock in a transaction that occurred on Wednesday, January 22nd. The shares were sold at an average price of $2.33, for a total value of $16,818,837.05. Following the completion of the sale, the insider now owns 1,262,933 shares in the company, valued at approximately $2,942,633.89. This trade represents a 85.11 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 3.30% of the company’s stock.

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.