Vince (NYSE:VNCE) Releases Quarterly Earnings Results, Beats Estimates By $0.29 EPS

Vince (NYSE:VNCE) posted its earnings results on Monday. The textile maker reported $0.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.24) by $0.29, Yahoo Finance reports. Vince had a negative return on equity of 13.13% and a net margin of 10.49%. During the same period last year, the company posted ($0.04) EPS.

Vince Stock Performance

Vince stock opened at $2.29 on Tuesday. The stock has a fifty day moving average price of $1.64 and a 200 day moving average price of $2.06. Vince has a 52 week low of $1.00 and a 52 week high of $4.73. The firm has a market capitalization of $28.72 million, a P/E ratio of 0.95 and a beta of 1.78. The company has a current ratio of 1.67, a quick ratio of 0.58 and a debt-to-equity ratio of 0.97.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on VNCE. Small Cap Consu raised shares of Vince to a “strong-buy” rating in a research note on Thursday, May 23rd. Noble Financial assumed coverage on shares of Vince in a research report on Monday, June 24th. They set an “outperform” rating and a $3.00 target price on the stock.

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.