Chevy Chase Trust Holdings Inc. Purchases 678,641 Shares of Vince Holding Corp. (VNCE)
Chevy Chase Trust Holdings Inc. raised its position in Vince Holding Corp. (NYSE:VNCE) by 122.7% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 1,231,866 shares of the textile maker’s stock after buying an additional 678,641 shares during the quarter. Chevy Chase Trust Holdings Inc. owned about 10.61% of Vince worth $739,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. California Public Employees Retirement System boosted its position in shares of Vince by 314.3% during the 1st quarter. California Public Employees Retirement System now owns 84,360 shares of the textile maker’s stock worth $131,000 after purchasing an additional 64,000 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Vince by 69.7% during the 2nd quarter. Vanguard Group Inc. now owns 857,522 shares of the textile maker’s stock worth $404,000 after purchasing an additional 352,097 shares in the last quarter. Finally, Royce & Associates LP boosted its position in shares of Vince by 169.1% during the 3rd quarter. Royce & Associates LP now owns 1,718,539 shares of the textile maker’s stock worth $1,031,000 after purchasing an additional 1,079,827 shares in the last quarter. 60.62% of the stock is currently owned by institutional investors.
Shares of Vince Holding Corp. (VNCE) opened at $4.60 on Monday. Vince Holding Corp. has a 1 year low of $2.80 and a 1 year high of $45.50. The company has a current ratio of 2.24, a quick ratio of 0.99 and a debt-to-equity ratio of 960.33.
Vince (NYSE:VNCE) last released its quarterly earnings data on Thursday, December 7th. The textile maker reported $0.41 EPS for the quarter. Vince had a negative net margin of 68.01% and a negative return on equity of 120.03%. The business had revenue of $79.07 million for the quarter.
Separately, ValuEngine upgraded shares of Vince from a “strong sell” rating to a “sell” rating in a research report on Wednesday, October 25th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the company. Vince has a consensus rating of “Hold” and an average price target of $3.17.
Vince Holding Corp. (Vince) is a United States-based company, which offers a range of women’s and men’s apparel, women’s and men’s footwear, and handbags. The Company operates as a fashion brand. The Company operates in two segments: Wholesale and Direct-to-consumer. The Company’s Wholesale segment consists of its operations to distribute products to various department stores and specialty stores in the United States and select international markets.
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