Okumus Fund Management Ltd. buys $398,392 stake in Vince Holding Corp (VNCE)

Vince Holding Corp (VNCE) : Okumus Fund Management Ltd. scooped up 19,161 additional shares in Vince Holding Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 79,361 shares of Vince Holding Corp which is valued at $398,392.Vince Holding Corp makes up approximately 0.06% of Okumus Fund Management Ltd.’s portfolio.

Other Hedge Funds, Including , Schwab Charles Investment Management Inc boosted its stake in VNCE in the latest quarter, The investment management firm added 31,784 additional shares and now holds a total of 72,285 shares of Vince Holding Corp which is valued at $362,871.Tiaa Cref Investment Management reduced its stake in VNCE by selling 25,607 shares or 22.94% in the most recent quarter. The Hedge Fund company now holds 86,006 shares of VNCE which is valued at $431,750.Teachers Advisors Inc boosted its stake in VNCE in the latest quarter, The investment management firm added 20,708 additional shares and now holds a total of 48,171 shares of Vince Holding Corp which is valued at $241,818. Trexquant Investment Lp added VNCE to its portfolio by purchasing 12,208 company shares during the most recent quarter which is valued at $61,284. Vince Holding Corp makes up approx 0.01% of Trexquant Investment Lp’s portfolio.Globeflex Capital L P boosted its stake in VNCE in the latest quarter, The investment management firm added 28 additional shares and now holds a total of 119 shares of Vince Holding Corp which is valued at $597.

Vince Holding Corp closed down -0.16 points or -2.28% at $6.86 with 3,77,714 shares getting traded on Thursday. Post opening the session at $7.06, the shares hit an intraday low of $6.77 and an intraday high of $7.06 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

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.

Many Wall Street Analysts have commented on Vince Holding Corp. Company shares were Upgraded by Piper Jaffray on Aug 22, 2016 to ” Overweight”, Firm has raised the Price Target to $ 8 from a previous price target of $6 .

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.

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