We are reiterating our Buy rating, $5 price target and projections for Vince Holding after visiting stores in Connecticut, Long Island and New Jersey. After conducting a successful Black Friday event, Vince stores have returned to full price selling, with looks for Holiday events, upcoming vacations and for gifting in a wide range of colors, new styles and categories and with the hallmarks of luxury and versatility making Vince a key piece of their affluent customers shopping list. With the cold weather driving seasonal sales and great fashion also bringing in a customer who is feeling economically upbeat, we believe Vince has “cracked the code” for a strong Holiday season in 2025, and we reiterate our Buy rating and $5 price target for VNCE.