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NEW YORK - Vince Holding Corp. (NYSE:VNCE) announced Wednesday that the New York Stock Exchange has accepted its business plan for continued listing, following a notice of non-compliance received on May 6, 2025. According to InvestingPro data, the company’s market capitalization currently stands at $20.04 million, with the stock trading at $1.56.
The luxury apparel retailer had fallen below NYSE’s continued listing standards when its 30-trading day average market capitalization and stockholders’ equity both dropped below the required $50 million threshold. InvestingPro data reveals the stock has declined over 52% in the past six months, though analysts maintain price targets ranging from $2.50 to $4.00.
"We are pleased that the NYSE has approved our plan," said Brendan Hoffman, Chief Executive Officer of Vince Holding. "We look forward to continuing to execute and deliver on our objectives that we believe will continue to yield results and drive shareholder value."
The company’s common stock will remain listed on the NYSE, subject to quarterly reviews over the next 18 months to ensure progress toward compliance with the exchange’s requirements.
Vince Holding Corp. operates the Vince brand, established in 2002, which specializes in women’s and men’s ready-to-wear luxury apparel and accessories. The company currently maintains 44 full-price retail stores and 14 outlet stores, alongside its e-commerce platform and wholesale distribution channels globally.
The announcement comes as part of the company’s efforts to address its listing status while continuing normal business operations. According to the press release statement, Vince will work to meet the NYSE’s requirements during the monitoring period.
In other recent news, Vince Holding Corp reported its financial results for the first quarter of fiscal year 2025, showing a net sales decrease of 2.1% year-over-year to $57.9 million. The company posted an earnings per share loss of $0.37, which was below the forecasted loss of $0.30. In another development, Noble Capital upgraded Vince Holding’s stock rating from Market Perform to Outperform. The upgrade was based on attractive valuation metrics, with the firm setting a price target of $2.50 for the shares. Noble Capital highlighted that Vince Holding is trading at 4.0 times enterprise value to its fiscal 2026 adjusted EBITDA estimate. These recent developments provide investors with insights into the company’s current financial position and market perception.
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