Direct-to-Customer Sales Push Vince Holding (VNCE) Ahead of Q4 EPS Views; Stifel Maintains at 'Hold'

Stifel affirms Vince Holding (NYSE: VNCE) at Hold following Q4 results from the retailer.

Analyst Richard Jaffe noted that Vince posted Q4 EPS of $0.28, which compares with the firm's estimate of $0.27. The company is also looking for FY15 EPS of $1 to $1.05, while consensus estimates were at $1.14.

Jaffe also noted the following:

• Wholesale Declined 1 percent in 4Q – Wholesale declined 1 percent in 4Q likely driven by weaker performance in the domestic retail partners (Nordstrom, Saks, Neiman Marcus and Bloomingdales).
• DTC up 40 percent - Direct to consumer sales increased 40 percent in 4Q, aided by comparable store sales growth of 8.7 percent, the addition of 10 new stores and strength in the e-commerce business which likely continues to benefit from the updated and better merchandised website.

For an analyst ratings summary and ratings history on Vince Holding click here. For more ratings news on Vince Holding click here.

Vince Holding closed at $21.39 yesterday.

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