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

<ul><li>Guess?, Inc.'s Q1 fiscal 2025 showed a strong start to the year, with significant progress on operational, strategic, and financial objectives.</li><li>The company reported results for the first quarter exceeding expectations in revenues, operating earnings, and per share results.</li><li>Sales growth was recorded in each of their segments and gross margins expanded favorably impacting the bottom line.</li></ul>

Guess?, Inc.'s Q1 fiscal 2025 showed a strong start to the year, with significant progress on operational, strategic, and financial objectives.The company reported results for the first quarter exceeding expectations in revenues, operating earnings, and per share results.Sales growth was recorded in each of their segments and gross margins expanded favorably impacting the bottom line.

Guess? Inc.: The Rag & Bone Acquisition Can Be A Game Changer?  - Major Drivers

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).

<ul><li>We are reiterating our Buy rating, raising our price target to $17 (from $14) and raising our FY24 and FY25 EPS projections to $0.29 (from $0.18) and $0.56 (from $0.39), respectively, as Lands' End registered an impressive 1QFY24 (April), beating the Street and their own guidance, on multiple levels, raising the lower end of revenue and raising overall EBITDA and EPS guidance for FY24.</li><li>Further, initial 2QFY24 guidance conservatively bracketed Street expectations.</li><li>Management's focus to raise overall returns by injecting further innovation and newness, reducing inventories, shifting secondary categories to licensed product, driving international growth and expanding the B2B channel, have all continued to gain momentum, and we believe the company is nearing a shift to revenue growth, which would further focus investor attention.</li></ul>

We are reiterating our Buy rating, raising our price target to $17 (from $14) and raising our FY24 and FY25 EPS projections to $0.29 (from $0.18) and $0.56 (from $0.39), respectively, as Lands' End registered an impressive 1QFY24 (April), beating the Street and their own guidance, on multiple levels, raising the lower end of revenue and raising overall EBITDA and EPS guidance for FY24.Further, initial 2QFY24 guidance conservatively bracketed Street expectations.Management's focus to raise overall returns by injecting further innovation and newness, reducing inventories, shifting secondary categories to licensed product, driving international growth and expanding the B2B channel, have all continued to gain momentum, and we believe the company is nearing a shift to revenue growth, which would further focus investor attention.

LE: 1Q Review: Turn Fully on Track; Raising Estimates, PT to $17; Reiterate Buy

<ul><li>We are reiterating our Buy rating and $37 price target for Guess?</li><li>and tweaking and further back-end loading our FY25 and FY26 projections after Guess?</li><li>announced 1QFY25 top and bottom line upside, driven by Europe and Domestic wholesale results, as the rag & bone acquisition proved to be a key positive and the company continues to take share in Europe.</li></ul>

We are reiterating our Buy rating and $37 price target for Guess?and tweaking and further back-end loading our FY25 and FY26 projections after Guess?announced 1QFY25 top and bottom line upside, driven by Europe and Domestic wholesale results, as the rag & bone acquisition proved to be a key positive and the company continues to take share in Europe.

GES: 1Q Review; Creating a Powerful Model; Reiterate Buy, $37 PT

<ul><li>We are reiterating our Buy rating, projections and price target for Lands' End with the company announcing 1QFY24 (April) results before the open on Wednesday.</li><li>We believe 1Q was another key step forward in terms of driving newness, reducing discounting and shifting the model to a focus on higher overall returns, with key categories (footwear) beginning to shift to the licensed model and international continuing to slowly turn.</li><li>That said, with 1Q anniversarying the closing of the Delta contract, comparisons will be skewed.</li></ul>

We are reiterating our Buy rating, projections and price target for Lands' End with the company announcing 1QFY24 (April) results before the open on Wednesday.We believe 1Q was another key step forward in terms of driving newness, reducing discounting and shifting the model to a focus on higher overall returns, with key categories (footwear) beginning to shift to the licensed model and international continuing to slowly turn.That said, with 1Q anniversarying the closing of the Delta contract, comparisons will be skewed.

LE: 1Q Preview; Margin Driven Model Upside On Track; Reiterate Buy, $14 PT

<ul><li>We are reiterating our Buy rating, $37 price target and projections for Guess?</li><li>with the company announcing 1QFY25 (April) results after the close on Thursday.</li><li>We believe 1Q, which included material upgrades in the domestic retail store base, the acquisition of contemporary leader rag & bone, continued European expansion and what we believe were cautious buys from the domestic wholesale segment, will set the stage for a strong back-half and FY26, but will result, beyond further share repurchases, in limited top and bottom line upside for 1Q.</li></ul>

We are reiterating our Buy rating, $37 price target and projections for Guess?with the company announcing 1QFY25 (April) results after the close on Thursday.We believe 1Q, which included material upgrades in the domestic retail store base, the acquisition of contemporary leader rag & bone, continued European expansion and what we believe were cautious buys from the domestic wholesale segment, will set the stage for a strong back-half and FY26, but will result, beyond further share repurchases, in limited top and bottom line upside for 1Q.

GES: 1Q Preview: Building for the Future: Reiterate Buy, $37 PT

United States

Guess?, Inc. designs, markets, distributes, and licenses a collection of casual apparel, accessories, and related consumer products.  The Company's apparel for men, women, and girls are marketed under branded names.  Guess? provides full collections of denim and cotton clothing and has granted licenses to manufacture complementary products.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

Guess? Inc (GES US)

Guess? Inc.: The Rag & Bone Acquisition Can Be A Game Changer? - Major Drivers

Guess?, Inc.'s Q1 fiscal 2025 showed a strong start to the year, with significant progress on operational, strategic, and financial...

Baptista Research

LE: 1Q Review: Turn Fully on Track; Raising Estimates, PT to $17; Reiterate Buy

We are reiterating our Buy rating, raising our price target to $17 (from $14) and raising our FY24 and FY25 EPS projections to $0.29 (from $0.18)...

Small Cap Consumer Research

GES: 1Q Review; Creating a Powerful Model; Reiterate Buy, $37 PT

We are reiterating our Buy rating and $37 price target for Guess? and tweaking and further back-end loading our FY25 and FY26 projections after...

Small Cap Consumer Research

LE: 1Q Preview; Margin Driven Model Upside On Track; Reiterate Buy, $14 PT

We are reiterating our Buy rating, projections and price target for Lands' End with the company announcing 1QFY24 (April) results before the open...

Small Cap Consumer Research

GES: 1Q Preview: Building for the Future: Reiterate Buy, $37 PT

We are reiterating our Buy rating, $37 price target and projections for Guess? with the company announcing 1QFY25 (April) results after the close...

Small Cap Consumer Research

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)