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.

Equity Bottom-Up

BJ's Wholesale Club Holdings / Equity Bottom-Up

<ul><li>BJ's Wholesale Club Holdings, Inc. showed a strong start to the fiscal year 2025, surpassing initial expectations with impressive top and bottom-line growth.</li><li>The company registered a 4.7% increase in net sales, with operating income and net income leaping by 27% and 35% respectively.</li><li>Membership growth continues to be a core driver, reflecting BJ’s strategic focus on value, enhanced merchandising, and digital convenience.</li></ul>

BJ's Wholesale Club Holdings, Inc. showed a strong start to the fiscal year 2025, surpassing initial expectations with impressive top and bottom-line growth.The company registered a 4.7% increase in net sales, with operating income and net income leaping by 27% and 35% respectively.Membership growth continues to be a core driver, reflecting BJ’s strategic focus on value, enhanced merchandising, and digital convenience.

BJ's Wholesale Club: Initiative for Fresh 2.0 to Enhance Its Market Share In The Competitive Landscape!

<ul><li>BJ's Wholesale Club Holdings, Inc. has delivered a robust performance in the fourth quarter of fiscal 2024, with comparable club sales (excluding gas sales) experiencing a growth of 4.6%.</li><li>This marks the 12th consecutive quarter of traffic growth, highlighting the strong consumer engagement and value proposition offered by the company.</li><li>The company also reported strong membership dynamics, with membership reaching an all-time high of over 7.5 million members and a renewal rate of 90%.</li></ul>

BJ's Wholesale Club Holdings, Inc. has delivered a robust performance in the fourth quarter of fiscal 2024, with comparable club sales (excluding gas sales) experiencing a growth of 4.6%.This marks the 12th consecutive quarter of traffic growth, highlighting the strong consumer engagement and value proposition offered by the company.The company also reported strong membership dynamics, with membership reaching an all-time high of over 7.5 million members and a renewal rate of 90%.

BJ's Wholesale Club: Digital Transformation & Enhancements to Reinforce A Competitive Edge In Digital Retail Environment!

<ul><li>BJ's Wholesale Club has released its Q3 2024 financial results, highlighting both robust growth and strategic challenges in its operations.</li><li>The company reported a commendable increase in net sales to nearly $5 billion, reflecting a growth of 3.4% compared to the prior year.</li><li>This was driven by a combination of rising membership, strong comp sales, and enhanced digital sales channels.</li></ul>

BJ's Wholesale Club has released its Q3 2024 financial results, highlighting both robust growth and strategic challenges in its operations.The company reported a commendable increase in net sales to nearly $5 billion, reflecting a growth of 3.4% compared to the prior year.This was driven by a combination of rising membership, strong comp sales, and enhanced digital sales channels.

BJ's Wholesale Club: Expanding Membership & Improving Membership Quality To Survive In A Tough Market Landscape! - Major Drivers

Technical Analyst, Vermilion Research

Joe Jasper

Technical Analyst

Technical and Quantitative Research

Vermilion Research

Vermilion’s objective is to deliver timely, actionable, and unique technical research to professional investors through the application of our various technical indicators.

Our research strategists seek to highlight securities which we believe are at major inflection points, based on our various technical and quantitative indicators, and offer asymmetric risk/return profiles. Our unique research methodology, centered on relative strength, enables our strategists to deliver superior investment recommendations.

Our process begins by organizing the universe of actively traded stocks into discrete sectors, then into industry groups. We then apply our technical and quantitative tools to identify developing price trends. Once attractive trends are identified within a selected sector or group, we screen for individual stocks which we believe offer the best risk/reward profile. We provide a historical perspective that often reveals, through our long-term charts, how price patterns often repeat themselves over time.

Technical Analysis

<ul>
<li>Our intermediate-term outlook remains bearish/cautious, and we continue to believe a prolonged downturn is likely, which has been the case since our 4/1/25 Compass. However, shorter-term...</li>
<li>SPX is now 4.5%-5.0% lower than last week (when we said to expect the rally to fizzle), and is testing 5100-5120 support.</li>
<li>5100-5120 has been a key level several times dating back to early 2024, and is a level to trade against to the long side.</li>
</ul>


Our intermediate-term outlook remains bearish/cautious, and we continue to believe a prolonged downturn is likely, which has been the case since our 4/1/25 Compass. However, shorter-term...
SPX is now 4.5%-5.0% lower than last week (when we said to expect the rally to fizzle), and is testing 5100-5120 support.
5100-5120 has been a key level several times dating back to early 2024, and is a level to trade against to the long side.


Upgrading Consumer Staples to Overweight; Short-Term Bottom Potential Here

<ul><li>BJ's Wholesale Club Holdings, Inc.'s second quarter fiscal 2024 earnings highlighted both positive developments and areas where the company continues to invest for future growth, demonstrating a balance in its operational and strategic endeavors.</li><li>Bob Eddy, the CEO, emphasized the company's continuous trajectory of driving traffic and increasing profits, which have exceeded expectations for the quarter.</li><li>Of particular note is the 9% growth in membership fees, signaling robust engagement and an expanding member base, the largest since the pandemic.</li></ul>

BJ's Wholesale Club Holdings, Inc.'s second quarter fiscal 2024 earnings highlighted both positive developments and areas where the company continues to invest for future growth, demonstrating a balance in its operational and strategic endeavors.Bob Eddy, the CEO, emphasized the company's continuous trajectory of driving traffic and increasing profits, which have exceeded expectations for the quarter.Of particular note is the 9% growth in membership fees, signaling robust engagement and an expanding member base, the largest since the pandemic.

BJ's Wholesale Club Holdings: These Are The 4 Biggest Challenges In Its Path! - Major Drivers

United States

BJ's Wholesale Club Holdings, Inc. operates as a warehouse club. The Company delivers electronics, furniture, fitness, video games, health, toys, home decor, computers, landscaping, jewelry, and grocery products. BJ's Wholesale Club Holdings serves customers in the United States.

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BJ's Wholesale Club Holdings (BJ US)

BJ's Wholesale Club: Digital Transformation & Enhancements to Reinforce A Competitive Edge In Digital Retail Environment!

BJ's Wholesale Club Holdings, Inc. has delivered a robust performance in the fourth quarter of fiscal 2024, with comparable club sales (excluding...

Baptista Research

BJ's Wholesale Club: Expanding Membership & Improving Membership Quality To Survive In A Tough Market Landscape! - Major Drivers

BJ's Wholesale Club has released its Q3 2024 financial results, highlighting both robust growth and strategic challenges in its operations. The...

Baptista Research

Upgrading Consumer Staples to Overweight; Short-Term Bottom Potential Here

Upgrading Consumer Staples $XLP to Overweight; Still Intermediate-Term Bearish/Cautious, But use 5100-5120 on $SPX as a stop loss and a level to...

Vermilion Research

BJ's Wholesale Club Holdings: These Are The 4 Biggest Challenges In Its Path! - Major Drivers

BJ's Wholesale Club Holdings, Inc.'s second quarter fiscal 2024 earnings highlighted both positive developments and areas where the company...

Baptista Research

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

BJ's Wholesale Club: Initiative for Fresh 2.0 to Enhance Its Market Share In The Competitive Landscape!

BJ's Wholesale Club Holdings, Inc. showed a strong start to the fiscal year 2025, surpassing initial expectations with impressive top and...

Baptista Research

BJ's Wholesale Club: Digital Transformation & Enhancements to Reinforce A Competitive Edge In Digital Retail Environment!

BJ's Wholesale Club Holdings, Inc. has delivered a robust performance in the fourth quarter of fiscal 2024, with comparable club sales (excluding...

Baptista Research

BJ's Wholesale Club: Expanding Membership & Improving Membership Quality To Survive In A Tough Market Landscape! - Major Drivers

BJ's Wholesale Club has released its Q3 2024 financial results, highlighting both robust growth and strategic challenges in its operations. The...

Baptista Research

Upgrading Consumer Staples to Overweight; Short-Term Bottom Potential Here

Upgrading Consumer Staples $XLP to Overweight; Still Intermediate-Term Bearish/Cautious, But use 5100-5120 on $SPX as a stop loss and a level to...

Vermilion Research

BJ's Wholesale Club Holdings: These Are The 4 Biggest Challenges In Its Path! - Major Drivers

BJ's Wholesale Club Holdings, Inc.'s second quarter fiscal 2024 earnings highlighted both positive developments and areas where the company...

Baptista Research