Equity Research Focusing on the Consumer Sector, Small Cap Consumer Research

Small Cap Consumer Research

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, $3 price target and projections with Vince reporting 2QFY24 (July) results after the close on Monday.</li><li>We believe Vince achieved solid 2Q top line expansion, as the company has shifted more goods away from the outlet channel to the main line wholesale channel and the company's owned stores.</li><li>Further, we believe the resumption of a stronger flow of full priced, highly fashionable goods for Summer and pre-Fall has driven strong top line momentum into 2HFY25.</li></ul>

We are reiterating our Buy rating, $3 price target and projections with Vince reporting 2QFY24 (July) results after the close on Monday.We believe Vince achieved solid 2Q top line expansion, as the company has shifted more goods away from the outlet channel to the main line wholesale channel and the company's owned stores.Further, we believe the resumption of a stronger flow of full priced, highly fashionable goods for Summer and pre-Fall has driven strong top line momentum into 2HFY25.

Pvh Corp - VNCE: 2Q Preview: Showing Their True Strength; Reiterate Buy, $3 PT

Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Abercrombie & Fitch Co Cl A / Equity Bottom-Up

<ul><li>Abercrombie & Fitch Co. recently unveiled its results for the second quarter of 2024, divulging key financial metrics and strategic initiatives that might influence investor sentiment.</li><li>The company exceeded prior projections, setting second-quarter records with a robust 21% growth in net sales, reaching $1.1 billion, alongside an impressive operating margin of 15.5%.</li><li>Baptista Research looks to evaluate the different factors that could influence the company's price in the near future and attempts to carry out an independent valuation of the company using a Discounted Cash Flow (DCF) methodology.</li></ul>

Abercrombie & Fitch Co. recently unveiled its results for the second quarter of 2024, divulging key financial metrics and strategic initiatives that might influence investor sentiment.The company exceeded prior projections, setting second-quarter records with a robust 21% growth in net sales, reaching $1.1 billion, alongside an impressive operating margin of 15.5%.Baptista Research looks to evaluate the different factors that could influence the company's price in the near future and attempts to carry out an independent valuation of the company using a Discounted Cash Flow (DCF) methodology.

Abercrombie & Fitch Co.: Expanded Product Categories & Brand Partnerships Driving Our Optimism! - Major Drivers

<ul><li>We are reiterating our Buy rating, $3 price target and projections for Vince after visiting stores in Connecticut, Long Island and New Jersey.</li><li>As a fashion leader, Vince is already fully focused on the Fall fashion season, with a complete men's and women's collection.</li><li>The new looks for Fall include dresses, work wear, a complete shoe collection and emphasis on sweaters, sleek tops and multiple colors, including polka dots and outerwear.</li></ul>

We are reiterating our Buy rating, $3 price target and projections for Vince after visiting stores in Connecticut, Long Island and New Jersey.As a fashion leader, Vince is already fully focused on the Fall fashion season, with a complete men's and women's collection.The new looks for Fall include dresses, work wear, a complete shoe collection and emphasis on sweaters, sleek tops and multiple colors, including polka dots and outerwear.

Pvh Corp - VNCE: Snapping the Store: Fall Shows the Power of Vince; Reiterate Buy, $3 PT

<ul><li>We are reiterating our Buy rating and $25 price target for AKA and raising our 2024 and 2025 projections after the company registered impressive 2Q2H top line, Adjusted EBITDA and EPS upside, raised 2024 guidance and increased the store opening roster for Princess Polly in 2024 to five, adding new locations in Irvine and Santa Clara.</li><li>a.k.a. Brands continues to leverage newness, fashion excitement and omnichannel expansion for their brands to capture stronger domestic market results.</li><li>We believe, with increased 2024 Princess Polly store openings, a focus on increasing margins in Australia, and new (and deepening) digital marketplace relationships, our projections, even after material raises for 2024 and 2025, remain conservative and we reiterate our Buy rating and $25 price target for AKA.</li></ul>

We are reiterating our Buy rating and $25 price target for AKA and raising our 2024 and 2025 projections after the company registered impressive 2Q2H top line, Adjusted EBITDA and EPS upside, raised 2024 guidance and increased the store opening roster for Princess Polly in 2024 to five, adding new locations in Irvine and Santa Clara.a.k.a. Brands continues to leverage newness, fashion excitement and omnichannel expansion for their brands to capture stronger domestic market results.We believe, with increased 2024 Princess Polly store openings, a focus on increasing margins in Australia, and new (and deepening) digital marketplace relationships, our projections, even after material raises for 2024 and 2025, remain conservative and we reiterate our Buy rating and $25 price target for AKA.

Abercrombie & Fitch Co Cl A - AKA; 2Q Review: Showing the Way to Upside; Reiterate Buy, $25 PT

<ul><li>We are reiterating our Buy rating, $25 price target and projections for a.k.a. Brands with the company announcing 2Q24 (June) results after the close on Wednesday.</li><li>While 2Q is not a highly crucial period for the company, we believe management will be able to point to material progress on multiple fronts, from continued solid top line growth at Princess Polly, Culture Kings setting up for the shift to the "test and repeat" model and adding more exclusives to the mix, and Petal & Pup leveraging strong demand for dresses and new digital marketplace relationships.</li><li>Further, we believe a.k.a. Brands is on track to open three new Princess Polly stores in 3Q24, with more on track for 2025.</li></ul>

We are reiterating our Buy rating, $25 price target and projections for a.k.a. Brands with the company announcing 2Q24 (June) results after the close on Wednesday.While 2Q is not a highly crucial period for the company, we believe management will be able to point to material progress on multiple fronts, from continued solid top line growth at Princess Polly, Culture Kings setting up for the shift to the "test and repeat" model and adding more exclusives to the mix, and Petal & Pup leveraging strong demand for dresses and new digital marketplace relationships.Further, we believe a.k.a. Brands is on track to open three new Princess Polly stores in 3Q24, with more on track for 2025.

AKA: 2Q Preview: Getting Ready for the Main Course; Reiterate Buy, $25 PT

United States

Abercrombie & Fitch Co.  a specialty retailer that operates stores and direct-to-consumer operations. Through these channels, the Company sells: casual sportswear apparel, including knit and woven shirts, graphic t-shirts, fleece, jeans and woven pants, shorts, sweaters, and outerwear; personal care products; and accessories for men, women and kids.

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Abercrombie & Fitch Co Cl A (ANF US)

Pvh Corp - VNCE: 2Q Preview: Showing Their True Strength; Reiterate Buy, $3 PT

We are reiterating our Buy rating, $3 price target and projections with Vince reporting 2QFY24 (July) results after the close on Monday. We...

Small Cap Consumer Research

Abercrombie & Fitch Co.: Expanded Product Categories & Brand Partnerships Driving Our Optimism! - Major Drivers

Abercrombie & Fitch Co. recently unveiled its results for the second quarter of 2024, divulging key financial metrics and strategic...

Baptista Research

Pvh Corp - VNCE: Snapping the Store: Fall Shows the Power of Vince; Reiterate Buy, $3 PT

We are reiterating our Buy rating, $3 price target and projections for Vince after visiting stores in Connecticut, Long Island and New Jersey. As...

Small Cap Consumer Research

Abercrombie & Fitch Co Cl A - AKA; 2Q Review: Showing the Way to Upside; Reiterate Buy, $25 PT

We are reiterating our Buy rating and $25 price target for AKA and raising our 2024 and 2025 projections after the company registered impressive...

Small Cap Consumer Research

AKA: 2Q Preview: Getting Ready for the Main Course; Reiterate Buy, $25 PT

We are reiterating our Buy rating, $25 price target and projections for a.k.a. Brands with the company announcing 2Q24 (June) results after the...

Small Cap Consumer Research

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