Revenue Update on Vince Holding Corp(NYSE:VNCE)

Vince Holding Corp(NYSE:VNCE) announced the earnings results for Fiscal Year 2016 and Q1. The results came in during Pre-market on Jun 7, 2016. Company reported revenue of $67.64M. Analysts estimated a revenue of $55.45M. Earnings per share were $-0.05. Analysts had estimated an EPS of $-0.11.

Vince Holding Corp (VNCE) shares turned negative on Fridays trading session with the shares closing down -0.13 points or -2.35% at a volume of 3,78,294. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $5.74. The peak price level was also seen at $5.74 while the days lowest was $5.26. Finally the shares closed at $5.4. The 52-week high of the shares is $13.19 while the 52-week low is $3.31. According to the latest information available, the market cap of the company is $264 M.

Several Insider Transactions has been reported to the SEC. On May 18, 2016, David Stefko (CFO) purchased 25,000 shares at $5.45 per share price.Also, On May 10, 2016, Rodger R Krouse (10% owner) purchased 195,663 shares at $5.50 per share price.On May 10, 2016, Marc J Leder (director 10% owner) purchased 195,663 shares at $5.50 per share price, according to the Form-4 filing with the securities and exchange commission.

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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