Vince Holding Corp (VNCE) is Upgraded by Piper Jaffray to Overweight, Raises Price Target to $ 8

Vince Holding Corp (VNCE) was Upgraded by Piper Jaffray to ” Overweight” according to the research note released today. The brokerage firm has raised the Price Target to $ 8 from a previous price target of $6 . Earlier the firm had a rating of “Neutral ” on the company shares. Piper Jaffray advised their investors in a research report released on Aug 22, 2016.

On the company’s financial health, Vince Holding Corp reported $-0.05 EPS for the quarter, beating the analyst consensus estimate by $ 0.06 according to the earnings call on Jun 7, 2016. Analyst had a consensus of $-0.11. The company had revenue of $67.60 million for the quarter, compared to analysts expectations of $55.45 million. The company’s revenue was up 13.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.06 EPS.

Vince Holding Corp opened for trading at $5.38 and hit $5.7 on the upside on Friday, eventually ending the session at $5.63, with a gain of 4.45% or 0.24 points. The heightened volatility saw the trading volume jump to 5,71,167 shares. Company has a market cap of $276 M.

In a different news, on Jun 16, 2016, Brendan Hoffman (CEO) purchased 30,000 shares at $5.28 per share price. According to the SEC, on May 18, 2016, David Stefko (CFO) purchased 25,000 shares at $5.45 per share price.

Vince Holding Corp. (Vince) is a contemporary fashion brand known for modern style and everyday luxury essentials. The Company offers a range of women’s men’s and children’s apparel women’s and men’s footwear and handbags. The Company operates in two segments: wholesale and direct-to-consumer. Its wholesale segment comprises the sales to department stores and specialty stores in the United States and in select international markets. Its direct-to-consumer segment includes its retail and outlet stores and its e-commerce business. The women’s line under the Vince brand includes seasonal collections of luxurious cashmere sweaters and silk blouses leather and suede leggings and jackets dresses denim pants tanks and t-shirts handbags 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 stylish leather jackets.

Vince Holding Corp

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