Vince (NYSE:VNCE) Stock Price Down 30.2%

Vince Holding Corp (NYSE:VNCE) shares were down 30.2% during mid-day trading on Friday . The stock traded as low as $17.18 and last traded at $17.37, approximately 527,424 shares changed hands during trading. An increase of 1,344% from the average daily volume of 36,521 shares. The stock had previously closed at $24.90.

Separately, ValuEngine downgraded shares of Vince from a “hold” rating to a “sell” rating in a report on Wednesday, October 2nd.

The company has a debt-to-equity ratio of 1.93, a current ratio of 1.42 and a quick ratio of 0.53. The stock has a market cap of $290.82 million, a price-to-earnings ratio of 48.82 and a beta of 1.83. The company’s fifty day moving average price is $21.87 and its 200-day moving average price is $16.42.

Vince (NYSE:VNCE) last posted its quarterly earnings data on Thursday, December 12th. The textile maker reported $0.73 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.66 by $0.07. Vince had a net margin of 0.91% and a return on equity of 8.85%. The firm had revenue of $86.40 million for the quarter.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. State Street Corp boosted its position in Vince by 11.8% in the third quarter. State Street Corp now owns 34,131 shares of the textile maker’s stock valued at $648,000 after buying an additional 3,616 shares during the last quarter. Northern Trust Corp increased its stake in shares of Vince by 223.0% in the 2nd quarter. Northern Trust Corp now owns 15,758 shares of the textile maker’s stock worth $220,000 after acquiring an additional 10,880 shares during the last quarter. Bank of New York Mellon Corp increased its stake in shares of Vince by 13.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 102,500 shares of the textile maker’s stock worth $1,430,000 after acquiring an additional 11,916 shares during the last quarter. Susquehanna International Group LLP acquired a new stake in shares of Vince in the 2nd quarter worth $363,000. Finally, Vanguard Group Inc. increased its stake in shares of Vince by 55.3% in the 2nd quarter. Vanguard Group Inc. now owns 74,482 shares of the textile maker’s stock worth $1,039,000 after acquiring an additional 26,536 shares during the last quarter. Hedge funds and other institutional investors own 9.45% of the company’s stock.

About Vince (NYSE:VNCE)

Vince Holding Corp. designs, merchandises, and sells luxury apparel and accessories in the United States and internationally. The company operates in two segments, Wholesale and Direct-To-Consumer. It 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, handbags, footwear, and outerwear; and men's products comprising T-shirts, knit and woven tops, sweaters, denim, pants, blazers, footwear, and outerwear under the Vince brand.

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