Vince (NYSE:VNCE) Releases Quarterly Earnings Results

Vince (NYSE:VNCE) issued its quarterly 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. The firm had revenue of $74.17 million during the quarter, compared to the consensus estimate of $68.23 million. Vince had a negative return on equity of 13.13% and a net margin of 10.49%. During the same quarter last year, the company posted ($0.04) EPS.

Vince Price Performance

VNCE stock opened at $2.07 on Wednesday. The firm has a market cap of $25.96 million, a P/E ratio of 0.86 and a beta of 1.78. The firm’s fifty day moving average is $1.66 and its 200 day moving average is $2.05. Vince has a 52 week low of $1.00 and a 52 week high of $4.73. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.58 and a current ratio of 1.67.

Analysts Set New Price Targets

A number of research analysts recently commented on VNCE shares. Small Cap Consu raised Vince to a “strong-buy” rating in a research note on Thursday, May 23rd. Noble Financial started coverage on Vince in a report on Monday, June 24th. They set an “outperform” rating and a $3.00 price objective 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.