Vince Holding Corp (VNCE) saw a big move last session, as the company’s shares fell by nearly 8% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the recent downtrend for VNCE, as the stock is now down about 51% since Sep 3.
On Sep 3, the company reported second-quarter 2015 adjusted earnings per share of 14 cents, which missed the Zacks Consensus Estimate by 36.4%.
This slump shouldn’t be too much of a surprise to investors, as the textile-apparel company has seen 6 negative revisions in the past few weeks and its current year earnings consensus has moved lower over the last 30 days. This suggests there may be more trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent slump will continue, as the earnings picture definitely suggests that this might be the case.
VNCE currently has a Zacks Rank #4 (Sell).
A better-ranked stock in the same sector is Oxford Industries Inc. (OXM), holding a Zacks Rank #2 (Buy).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
VINCE HOLDNG CP (VNCE): Free Stock Analysis Report
OXFORD INDS INC (OXM): Free Stock Analysis Report
To read this article on Zacks.com click here.