Equity Research Focusing on the Consumer Sector, Small Cap Consumer Research

Small Cap Consumer Research

Equity research on small cap consumer names.

Equity Research Focusing on the Consumer Sector

Small Cap Consumer Research, LLC is a leading company-sponsored equity research provider focusing on the consumer sector (apparel, brand licensing and specialty retailing segments).

Equity Bottom-Up

<ul><li>We are reiterating our Buy rating and raising our projections for Vince Holding after the company reported solid 2Q results, with inline top line and material bottom line upside, as the company's product offerings were very strong and drove increases in full price selling, despite disruptions from tariffs which led to delayed shipments.</li><li>Further, initial 3Q guidance reflected strong demand for the company's new Fall lines and the potential to offset a material portion of the higher tariff impact with a more balanced supply chain and selected price increases.</li><li>We believe Vince remains a key fashion winner with the product and customer base to drive higher pricing, continued new store growth and to capture a wider piece of the overall wholesale channel market, As such, we remain upbeat on the potential for further upside as the tariff shocks abates, and we reiterate our Buy rating and $4 price target for VNCE.</li></ul>

We are reiterating our Buy rating and raising our projections for Vince Holding after the company reported solid 2Q results, with inline top line and material bottom line upside, as the company's product offerings were very strong and drove increases in full price selling, despite disruptions from tariffs which led to delayed shipments.Further, initial 3Q guidance reflected strong demand for the company's new Fall lines and the potential to offset a material portion of the higher tariff impact with a more balanced supply chain and selected price increases.We believe Vince remains a key fashion winner with the product and customer base to drive higher pricing, continued new store growth and to capture a wider piece of the overall wholesale channel market, As such, we remain upbeat on the potential for further upside as the tariff shocks abates, and we reiterate our Buy rating and $4 price target for VNCE.

VNCE: 2Q Review: Great Product > Tariff; Raising Projections, Reiterate Buy, PT