We are raising our Vince Holding projections, increasing our price target to $5 (from $4) and reiterating our Buy rating after the company registered impressive 3QFY25 (October) results, handily beating Street expectations, as great product, a strong demographic and materially better product flows helped drive upside on both the retail and wholesale channel and resulted in better-than-expected operation leverage despite the negative impact of tariffs. Further, with momentum remaining strong into the Holiday season, management provided initial 4Q guidance materially above Street expectations. With the affluent Vince customer continuing to shop, and the company flowing exciting new fashions, we believe Vince is positioned for long term success, and we reiterate our Buy rating and raise our price target on VNCE to $5 (from $4)
