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, $4 price target and projections for Vince Holdings after hosting a virtual fireside chat with Vince Chief Executive Officer Brandon Hoffman and Chief Financial Officer Yuji Okumura.</li><li>While FY25 continues to be buffeted by shifts in the overall tariff universe, we believe Vince management has remained focused on the longer term business model.</li><li>While actively diversifying the production base, the company has also continued to open and upgrade stores, expand on the wholesale front, maintain product quality, versatility and the ability to leverage product flows to capture higher overall market share.</li></ul>

We are reiterating our Buy rating, $4 price target and projections for Vince Holdings after hosting a virtual fireside chat with Vince Chief Executive Officer Brandon Hoffman and Chief Financial Officer Yuji Okumura.While FY25 continues to be buffeted by shifts in the overall tariff universe, we believe Vince management has remained focused on the longer term business model.While actively diversifying the production base, the company has also continued to open and upgrade stores, expand on the wholesale front, maintain product quality, versatility and the ability to leverage product flows to capture higher overall market share.

VNCE: Fireside Chat Notes: Controlling the Controllable; Reiterate Buy, $4 PT