Vincent (NYSE: VNCE – Get a rating) released its quarterly earnings data on Thursday. The textile maker reported ($0.60) earnings per share (EPS) for the quarter, beating analyst consensus estimates of ($0.67) by $0.07, Loyalty Earnings reports. Vince had a negative return on equity of 14.70% and a negative net margin of 2.40%. During the same period of the previous year, the company posted an EPS of ($0.98).
Shares of Vince Stock traded down $0.11 on Friday, hitting $7.86. The company had a trading volume of 10,077 shares, compared to an average volume of 11,044. The company has a market capitalization of $94.63 million, a price-earnings ratio of -11.23 and a beta of 2, 13. The company has a debt ratio of 1.59, a current ratio of 1.26 and a quick ratio of 0.40. The company’s 50-day moving average price is $8.25 and its two-hundred-day moving average price is $8.47. Vince has a 1-year low of $6.33 and a 1-year high of $13.14.
In related news, CEO Jonathan Schwefel sold 4,585 shares of the company in a trade on Wednesday, March 30. The stock was sold at an average price of $8.06, for a total transaction of $36,955.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Last quarter, insiders sold 12,569 shares of the company valued at $101,847. Insiders of the Company hold 74.00% of the shares of the Company.
A number of institutional investors and hedge funds have been buying and selling stocks recently. Morgan Stanley increased its position in Vince by 2,032.5% during the 2nd quarter. Morgan Stanley now owns 2,623 shares of the textile maker valued at $26,000 after buying an additional 2,500 shares last quarter. State Street Corp acquired a new stock position in Vince during the first quarter worth about $88,000. Finally, Shay Capital LLC increased its equity stake in Vince by 6.4% during the first quarter. Shay Capital LLC now owns 33,525 shares of the textile maker valued at $273,000 after acquiring 2,015 additional shares in the last quarter. Institutional investors hold 5.79% of the company’s shares.
Vince Company Profile (Get a rating)
Vince Holding Corp. designs, markets and sells luxury apparel and accessories in the United States and around the world. 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, jeans, pants, t-shirts, footwear, outerwear and accessories; and men’s products including t-shirts, knit and woven tops, sweaters, jeans, pants, blazers, shoes and outerwear under the Vince brand.
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