We are reiterating our Buy rating, projections and $3 price target for Vince Holding after visiting Vince stores in Connecticut, Long Island and New Jersey. We believe, with inventory flows normalizing after a period of capital restraints, Vince is beginning to shine, with the Pre-Fall collection offering a unique combination of colorful layering items for Summer and the ability to seamlessly transition for Fall as the weather turns colder. Further, full-price basics and footwear remain a standout, with incremental new styles. Vince also continues to expand men's looks with deeper styles and offerings, including patterned and textured tops. As such, we believe Vince offerings are increasingly resonating with their customer base and, with better product flows, offering the potential for positive same store sales. As such, we reiterate our Buy rating and $3 price target for VNCE.