NEW YORK (TheStreet) -- Shares of Vince Holding Corp (VNCE) - Get Report are tanking, down 14.96% to $18.19 in midday trading Thursday, after the contemporary fashion apparel and accessories company issued a weaker than expected 2015 revenue forecast, after it reported its fiscal fourth quarter earnings results this morning.

For fiscal year 2015, the high-end clothing company forecasts revenue in the range of between $360 million to $370 million, lower compared to the $398.74 million analysts are expecting. 

For the fourth quarter, Vince posted revenue of $94.7 million, missing the consensus estimate of $98.98 million.

Still, earnings of 28 cents per share was up from the 23 cents it posted a year ago, and surpassed analysts' expectations for 26 cents per share.

Thus far, about 1.87 million shares of Vince exchanged hands as of 11:27 a.m. ET today, compared to its average daily volume of about 296,220 shares.

New York City-based Vince is a contemporary fashion brand offering women's, men's and children's apparel, footwear, and handbags.

Vince operates 28 full-price retail stores, 9 outlet stores and its ecommerce site, VINCE.com.

Separately, TheStreet Ratings team rates VINCE HOLDING CORP as a Sell with a ratings score of D-. TheStreet Ratings Team has this to say about their recommendation:

"We rate VINCE HOLDING CORP (VNCE) a SELL. This is driven by a number of negative factors, which we believe should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks we cover. The company's weaknesses can be seen in multiple areas, such as its generally disappointing historical performance in the stock itself and generally high debt management risk."

• You can view the full analysis from the report here: VNCE Ratings Report

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