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, projections and $5.50 price target for Vera Bradley after visiting main line and outlet stores in Connecticut and Long Island.</li><li>We believe, with an emphasis on key price points, compelling sale items and a focus on winning collaborations (Wicked and Disney), Vera Bradley is well positioned to drive gifting purchases for Xmas shoppers and, continue to attract curious customers attracted to the company's Project Restoration driven new offerings and looks.</li><li>Given low expectations and solid pricing power, we believe there remains some upside to 4Q and we reiterate our Buy rating and $5.50 price target for BBW.</li></ul>

We are reiterating our Buy rating, projections and $5.50 price target for Vera Bradley after visiting main line and outlet stores in Connecticut and Long Island.We believe, with an emphasis on key price points, compelling sale items and a focus on winning collaborations (Wicked and Disney), Vera Bradley is well positioned to drive gifting purchases for Xmas shoppers and, continue to attract curious customers attracted to the company's Project Restoration driven new offerings and looks.Given low expectations and solid pricing power, we believe there remains some upside to 4Q and we reiterate our Buy rating and $5.50 price target for BBW.

VRA: Snapping the Store: Meeting Xmas Wishes; Reiterate Buy, $5.50 Price Target