The stock of Vince Holding Corp (NYSE:VNCE) hit a new 52-week low and has $3.69 target or 10.00% below today’s $4.10 share price. The 9 months bearish chart indicates high risk for the $215.39 million company. The 1-year low was reported on Nov, 14 by Barchart.com. If the $3.69 price target is reached, the company will be worth $21.54M less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. The stock decreased 18.81% or $0.95 on November 14, hitting $4.1. About 2.62 million shares traded hands or 595.90% up from the average. Vince Holding Corp (NYSE:VNCE) has declined 15.83% since April 12, 2016 and is downtrending. It has underperformed by 20.82% the S&P500.
Vince Holding Corp (NYSE:VNCE) Ratings Coverage
Out of 5 analysts covering Vince Holding (NYSE:VNCE), 2 rate it a “Buy”, 1 “Sell”, while 2 “Hold”. This means 40% are positive. $11 is the highest target while $5 is the lowest. The $6.90 average target is 68.29% above today’s ($4.1) stock price. Vince Holding has been the topic of 11 analyst reports since September 2, 2015 according to StockzIntelligence Inc. Piper Jaffray upgraded Vince Holding Corp (NYSE:VNCE) on Monday, August 22 to “Overweight” rating. Robert W. Baird maintained Vince Holding Corp (NYSE:VNCE) rating on Friday, September 4. Robert W. Baird has “Neutral” rating and $7 price target. The stock of Vince Holding Corp (NYSE:VNCE) earned “Buy” rating by PiperJaffray on Monday, August 22. The rating was maintained by B. Riley & Co on Friday, September 4 with “Neutral”. The firm has “Underperform” rating by Bank of America given on Friday, September 4. On Friday, September 4 the stock rating was maintained by Barclays Capital with “Equal-Weight”.
According to Zacks Investment Research, “Vince Holding Corp. offers a broad range of women’s and men’s ready-to-wear including its signature cashmere sweaters, leather jackets, luxe leggings, dresses, silk and woven tops, denim and footwear. Vince Holding Corp. is based in New York.”
Insitutional Activity: The institutional sentiment increased to 2.21 in Q2 2016. Its up 1.26, from 0.95 in 2016Q1. The ratio increased, as 10 funds sold all Vince Holding Corp shares owned while 14 reduced positions. 11 funds bought stakes while 42 increased positions. They now own 13.08 million shares or 22.92% more from 10.64 million shares in 2016Q1.
The Connecticut-based Aqr Cap Mgmt Llc has invested 0% in Vince Holding Corp (NYSE:VNCE). Parametric Associates Ltd Liability Corp last reported 0% of its portfolio in the stock. The Delaware-based Blackrock Ltd Liability Corp has invested 0% in Vince Holding Corp (NYSE:VNCE). Moreover, State Street Corporation has 0% invested in Vince Holding Corp (NYSE:VNCE) for 322,769 shares. Moreover, State Common Retirement Fund has 0% invested in Vince Holding Corp (NYSE:VNCE) for 14,100 shares. Meeder Asset Mngmt last reported 0% of its portfolio in the stock. Pnc Fincl Svcs Grp Incorporated last reported 284 shares in the company. Comml Bank Of Ny Mellon accumulated 0% or 146,889 shares. Cornerstone Cap Management Liability Corp holds 0% or 94,686 shares in its portfolio. The California-based Schwab Charles Investment Management has invested 0% in Vince Holding Corp (NYSE:VNCE). Quantitative Systematic Strategies Ltd Liability Co, a Connecticut-based fund reported 18,529 shares. The New York-based Spark Management has invested 0.16% in Vince Holding Corp (NYSE:VNCE). Jpmorgan Chase And owns 2,900 shares or 0% of their US portfolio. Blackrock Institutional Tru Na has 516,462 shares for 0% of their US portfolio. Buckingham Cap holds 0.49% or 730,000 shares in its portfolio.
Insider Transactions: Since June 13, 2016, the stock had 1 buying transaction, and 0 selling transactions for $158,400 net activity. 30,000 Vince Holding Corp (NYSE:VNCE) shares with value of $158,400 were bought by HOFFMAN BRENDAN.
More important recent Vince Holding Corp (NYSE:VNCE) news were published by: Fool.com which released: “Why Vince Holding Corp. Stock Plummeted Friday” on September 04, 2015, also Prnewswire.com published article titled: “Vince Holding Corp. Names Brendan L. Hoffman Chief Executive Officer”, Businesswire.com published: “Vince Holding Corp. Announces Completion of Previously Announced Rights Offering” on April 22, 2016. More interesting news about Vince Holding Corp (NYSE:VNCE) was released by: Businesswire.com and their article: “Vince Holding Corp. Announces Subscription Price for Previously Announced …” with publication date: March 16, 2016.
VNCE Company Profile
Vince Holding Corp. (Vince), incorporated on January 7, 2008, is a contemporary fashion brand known for modern style and everyday luxury essentials. The Firm offers a range of women’s and men’s apparel, women’s and men’s footwear, and handbags. The Firm operates in two divisions: wholesale and direct-to-consumer. The Firm creates its products in the United States and sources its products from contract manufacturers outside the United States, primarily in Asia and South America. It offers women’s line under the Vince brand, which includes seasonal collections of cashmere sweaters and silk blouses, leather and suede leggings and jackets, dresses, denim, pants, tanks and t-shirts, and an assortment of outerwear. The men’s collection under the Vince brand includes t-shirts, knit and woven tops, sweaters, denim, pants, blazers, outerwear and leather jackets.
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