William Blair Assigns Outperform On Vince Holding Shares

In a research report issued today, William Blair analyst Amy Noblin assigned an Outperform rating on Vince Holding Corp (NYSE:VNCE). No price target was provided.

Noblin observed, “We recently hosted investor meetings with CFO Lisa Klinger. We continue to see Vince as one of the most unusual growth stories in apparel retail today with a solid core brand at the base (supported by unique merchandise and controlled distribution) and numerous growth opportunities from growing brand awareness, expansion of direct- owned stores domestically, product category extensions, and international. While outsized inventory growth and lower-than-anticipated comps shook investors last quarter, we believe the underlying brand and fundamentals are solid (last quarter wholesale grew 16.9%, arguably a better benchmark of “comp,” while direct-to-consumer comps were low-double-digit including e-commerce; we explain the nuances of inventory growth in greater detail below, much of which relates to timing and important strategic initiatives). With the stock trading at 27.5 times our 2015 EPS estimate of $1.20, essentially in line with projected earnings growth, which we view as conservative for next year, we would be buyers on the recent pullback given the strength of the brand, management team, and long-term global opportunity.”

According to TipRanks.com, which measures analysts’ and bloggers’ success rate based on how their calls perform, analyst Amy Noblin has a total average return of -10.4% and a 28.6% success rate. Noblin is ranked #2908 out of 3335 analysts.

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