Vince (NYSE:VNCE) Announces Quarterly Earnings Results

Vince (NYSE:VNCE – Get Rating) announced its earnings results on Thursday. The textile maker reported ($0.60) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.67) by $0.07, Fidelity Earnings reports. Vince had a negative net margin of 2.40% and a negative return on equity of 14.70%. During the same quarter last year, the firm earned ($0.98) earnings per share.

Shares of VNCE traded up $0.11 during mid-day trading on Friday, reaching $7.86. The company’s stock had a trading volume of 10,077 shares, compared to its average volume of 11,044. The stock has a market cap of $94.63 million, a PE ratio of -11.23 and a beta of 2.13. The company has a current ratio of 1.26, a quick ratio of 0.40 and a debt-to-equity ratio of 1.59. Vince has a 52 week low of $6.33 and a 52 week high of $13.14. The company’s fifty day moving average price is $8.25 and its two-hundred day moving average price is $8.47.

In other news, CEO Jonathan Schwefel sold 4,585 shares of the business’s stock in a transaction that occurred on Wednesday, March 30th. The shares were sold at an average price of $8.06, for a total value of $36,955.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Over the last 90 days, insiders sold 12,569 shares of company stock valued at $101,847. Company insiders own 74.00% of the company’s stock.

Large investors have recently bought and sold shares of the stock. Morgan Stanley raised its holdings in Vince by 2,032.5% during the 2nd quarter. Morgan Stanley now owns 2,623 shares of the textile maker’s stock valued at $26,000 after buying an additional 2,500 shares during the last quarter. State Street Corp purchased a new position in Vince during the 1st quarter valued at $88,000. Finally, Shay Capital LLC increased its position in Vince by 6.4% during the 1st quarter. Shay Capital LLC now owns 33,525 shares of the textile maker’s stock valued at $273,000 after purchasing an additional 2,015 shares during the period. Institutional investors own 5.79% of the company’s stock.

Vince Company Profile (Get Rating)

Vince Holding Corp. designs, merchandises, and sells luxury apparel and accessories in the United States and internationally. 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, denims, pants, t-shirts, footwear, outerwear, and accessories; and men's products comprising t-shirts, knit and woven tops, sweaters, denims, pants, blazers, footwear, and outerwear under the Vince brand.

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