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 $4 price target on Vince Holding Corp. and increasing our FY25 EPS projections after the company registered slightly better 1QFY25 (April) results than previously guided and provided initial 2QFY25 guidance which indicates Vince is registering strong progress in reducing the negative impact of China tariffs, while continuing to offer compelling items for their core customer base.</li><li>Further, we believe virtually all the key pieces of the Vince growth story, from store expansion, more men's offerings, continued category expansion and international growth opportunities, remain fully intact and will become even more evident as the tariff shock abates.</li><li>As such, we are raising our EPS projections for FY25 and reiterating our Buy rating and $4 price target for VNCE.</li></ul>

We are reiterating our Buy rating and $4 price target on Vince Holding Corp. and increasing our FY25 EPS projections after the company registered slightly better 1QFY25 (April) results than previously guided and provided initial 2QFY25 guidance which indicates Vince is registering strong progress in reducing the negative impact of China tariffs, while continuing to offer compelling items for their core customer base.Further, we believe virtually all the key pieces of the Vince growth story, from store expansion, more men's offerings, continued category expansion and international growth opportunities, remain fully intact and will become even more evident as the tariff shock abates.As such, we are raising our EPS projections for FY25 and reiterating our Buy rating and $4 price target for VNCE.

VNCE: 1분기 리뷰: 지속적인 승리를 위한 신속한 움직임; 매수 의견 재확인, PT당 $4