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Noble Capital upgraded Vince Holding (NYSE:VNCE) from Market Perform to Outperform on Wednesday, setting a price target of $2.50 for the apparel company’s shares. According to InvestingPro data, the stock currently trades at $1.42, having declined about 45% over the past six months.
The research firm cited attractive valuation metrics as the primary reason for the upgrade, noting that Vince Holding currently trades at 4.0 times enterprise value to Noble Capital’s fiscal 2026 adjusted EBITDA estimate.
This valuation represents a discount compared to Vince’s peer group, which trades at an average multiple of approximately 5.9 times, according to Noble Capital’s analysis.
The $2.50 price target established by Noble Capital reflects a target multiple of 5.0 times enterprise value to the firm’s 2026 adjusted EBITDA estimate for Vince Holding.
Noble Capital indicated this target multiple would bring Vince Holding’s valuation more in line with its industry peers while still remaining conservative relative to the broader peer group average.
In other recent news, Vince Holding Corp announced its financial results for the first quarter of fiscal year 2025, reporting a 2.1% decrease in net sales year-over-year to $57.9 million. The company posted an earnings per share (EPS) loss of $0.37, which was larger than the forecasted loss of $0.30, marking a significant deviation from expectations. Vince Holding Corp faced an operating loss of $4.4 million, contrasting with an operating income of $5.6 million in the previous year. Despite these challenges, the company is focusing on product innovation and supply chain diversification, with plans to reduce its supply chain exposure to China by Spring 2026. Analysts from Noble noted the company’s efforts to mitigate tariff impacts and the positive reception of new product lines. Vince Holding Corp has not provided full-year guidance due to market uncertainties but expects Q2 net sales to be flat to down 3%. The company continues to focus on strategic growth initiatives and maintaining product quality while navigating current economic conditions.
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