Vince (NYSE:VNCE) Coverage Initiated by Analysts at StockNews.com

StockNews.com began coverage on shares of Vince (NYSE:VNCE) in a research report sent to investors on Wednesday. The firm issued a buy rating on the textile maker’s stock.

Vince Stock Up 3.0 %

Vince stock opened at $3.37 on Wednesday. The business has a fifty day moving average of $3.18 and a two-hundred day moving average of $2.28. 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 firm has a market cap of $42.48 million, a P/E ratio of 9.11 and a beta of 1.45. Vince has a twelve month low of $1.27 and a twelve month high of $6.89.

Vince (NYSE:VNCE) last posted its earnings results on Tuesday, December 10th. The textile maker reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.23 by $0.11. Vince had a negative return on equity of 5.77% and a net margin of 1.60%. On average, analysts forecast that Vince will post 0.63 earnings per share for the current fiscal year.

Insider Activity

In other news, major shareholder Rodger R. Krouse sold 7,218,385 shares of the stock in a transaction on Wednesday, January 22nd. The stock was sold at an average price of $2.33, for a total transaction 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 represents a 85.11 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company 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.