Vince (NYSE:VNCE) issued its earnings results on Thursday. The textile maker reported $0.57 earnings per share for the quarter, topping the consensus estimate of $0.13 by $0.44, Bloomberg Earnings reports. Vince had a negative return on equity of 15.86% and a net margin of 25.27%. The business had revenue of $83.53 million for the quarter. Vince updated its FY 2018 guidance to EPS.
NYSE:VNCE traded down $0.08 during mid-day trading on Friday, reaching $10.90. 100 shares of the stock were exchanged, compared to its average volume of 25,716. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.80 and a current ratio of 2.20. Vince has a 1 year low of $4.59 and a 1 year high of $24.19.
Large investors have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP purchased a new position in Vince during the 2nd quarter worth approximately $196,000. MYDA Advisors LLC purchased a new position in Vince during the 2nd quarter worth approximately $330,000. GSA Capital Partners LLP purchased a new position in Vince during the 3rd quarter worth approximately $335,000. EAM Investors LLC purchased a new position in Vince during the 3rd quarter worth approximately $512,000. Finally, BlackRock Inc. grew its stake in Vince by 24.4% during the 2nd quarter. BlackRock Inc. now owns 42,116 shares of the textile maker’s stock worth $694,000 after buying an additional 8,273 shares during the last quarter. Hedge funds and other institutional investors own 8.77% of the company’s stock.
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Vince Holding Corp. designs, merchandises, and sells luxury apparel and accessories in the United States and internationally. The company operates in two segments, Wholesale and Direct-To-Consumer. It offers a range of women's products, such as cashmere sweaters, silk blouses, leather and suede leggings and jackets, dresses, skirts, denims, pants, T-shirts, handbags, footwear, and outerwear; and men's products comprising T-shirts, knit and woven tops, sweaters, denim, pants, blazers, footwear, and outerwear under the Vince brand.
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