Noble Financial Begins Coverage on Vince (NYSE:VNCE)

Noble Financial began coverage on shares of Vince (NYSE:VNCE) in a report published on Monday morning, MarketBeat.com reports. The firm issued an outperform rating and a $3.00 price objective on the textile maker’s stock.

Separately, Small Cap Consu upgraded Vince to a strong-buy rating in a research note on Thursday, May 23rd.

Vince Stock Up 9.9 %

Shares of NYSE:VNCE opened at $1.55 on Monday. The firm has a market cap of $19.44 million, a PE ratio of 0.64 and a beta of 1.84. The company has a current ratio of 1.67, a quick ratio of 0.58 and a debt-to-equity ratio of 0.97. Vince has a 12-month low of $1.00 and a 12-month high of $4.73. The company has a fifty day simple moving average of $1.82 and a 200 day simple moving average of $2.60.

Vince (NYSE:VNCE) last issued its earnings results on Tuesday, June 18th. The textile maker reported ($0.26) EPS for the quarter, topping the consensus estimate of ($0.30) by $0.04. The company had revenue of $59.17 million during the quarter. Vince had a negative return on equity of 13.13% and a net margin of 10.49%.

Hedge Funds Weigh In On Vince

An institutional investor recently raised its position in Vince stock. Fund 1 Investments LLC grew its position in Vince Holding Corp. (NYSE:VNCE) by 0.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,242,976 shares of the textile maker’s stock after purchasing an additional 6,500 shares during the period. Vince makes up approximately 0.5% of Fund 1 Investments LLC’s holdings, making the stock its 23rd biggest position. Fund 1 Investments LLC owned 9.94% of Vince worth $4,301,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 16.11% 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.