Vince (NYSE:VNCE) Now Covered by StockNews.com

Investment analysts at StockNews.com began coverage on shares of Vince (NYSE:VNCE) in a research note issued to investors on Wednesday. The firm set a “buy” rating on the textile maker’s stock.

Vince Stock Down 7.2 %

Shares of VNCE traded down $0.26 during midday trading on Wednesday, hitting $3.33. The company had a trading volume of 160,760 shares, compared to its average volume of 6,393,449. Vince has a 1 year low of $1.27 and a 1 year high of $6.89. The firm has a market capitalization of $42.03 million, a P/E ratio of 9.01 and a beta of 1.45. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.64 and a current ratio of 1.74. The company’s 50-day simple moving average is $3.15 and its 200-day simple moving average is $2.27.

Vince (NYSE:VNCE) last issued its quarterly earnings results on Tuesday, December 10th. The textile maker reported $0.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.23 by $0.11. Vince had a net margin of 1.60% and a negative return on equity of 5.77%. As a group, sell-side analysts expect that Vince will post 0.63 EPS for the current year.

Insider Buying and Selling at Vince

In other Vince news, major shareholder Rodger R. Krouse sold 7,218,385 shares of the firm’s stock in a transaction that occurred on Wednesday, January 22nd. The shares were sold at an average price of $2.33, for a total transaction of $16,818,837.05. Following the sale, the insider now owns 1,262,933 shares of the company’s stock, valued at approximately $2,942,633.89. This trade represents a 85.11 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 3.30% of the stock is owned by insiders.

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.