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>Lululemon Athletica Inc. reported its third-quarter results for fiscal 2024, revealing both strengths and challenges within its business operations.</li><li>The company's revenue grew by 9% (8% in constant currency), reaching $2.4 billion.</li><li>This growth was primarily propelled by substantial gains in international markets, particularly China, Mainland, which saw an impressive increase of 39% (36% in constant currency).</li></ul>

Lululemon Athletica Inc. reported its third-quarter results for fiscal 2024, revealing both strengths and challenges within its business operations.The company's revenue grew by 9% (8% in constant currency), reaching $2.4 billion.This growth was primarily propelled by substantial gains in international markets, particularly China, Mainland, which saw an impressive increase of 39% (36% in constant currency).

Lululemon Athletica Inc.: Will Its International Growth & Market Expansion Help Catapult Its Top-Line Growth? - Major Drivers

Mostly Borrowed Ideas Deep Dives, MBI Deep Dives

MBI Deep Dives

Mostly Borrowed Ideas Deep Dives

MBI is the abbreviation for “Mostly Borrowed Ideas”. Why “Mostly Borrowed Ideas?” As a generalist, I do not have a background in any particular sector. I enjoy navigating across industries, businesses, and countries to learn, understand, and connect the dots. In any case, most ideas and innovations are incremental in nature. Very few of us are smart enough to come up with truly original or groundbreaking ideas. I am Abdullah Al-Rezwan. I was born and brought up in Bangladesh. I went to University of Dhaka for my undergrad and majored in Finance. After working three and half years in Equity Research (Sell-side) covering Financial Sector in Bangladesh, I left Bangladesh to pursue my MBA in the US. I graduated within top 10% of the class from Cornell University's two-year MBA program and worked on the buy-side following my graduation. During my time at Cornell, I won two stock pitch competitions and also became finalists in four other competitions. I thoroughly enjoyed my stint as a generalist in the US large cap team at Madison Investments and covered a wide range of companies from UnitedHealth to Amazon and Boeing before US immigration reality paused my career in investment management. As my work authorization expired, I moved to Canada in January, 2021. Then in early 2022, I was able to return to the US.

<ul><li>While the overall market continues to hit All-time High almost every other day, Lulu has been battling the skeptics for much of this year.</li><li>There is still a long way to go, but with the stock now up almost 50% over the last three months, Mr. Market has likely started acknowledging that the bear narratives perhaps went a bit too far.</li><li>Glancing through the numbers for 3Q’24 may seem eerily similar to 2Q’24, but management’s tone was much more upbeat in tonight.</li></ul>

While the overall market continues to hit All-time High almost every other day, Lulu has been battling the skeptics for much of this year.There is still a long way to go, but with the stock now up almost 50% over the last three months, Mr. Market has likely started acknowledging that the bear narratives perhaps went a bit too far.Glancing through the numbers for 3Q’24 may seem eerily similar to 2Q’24, but management’s tone was much more upbeat in tonight.

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 reducing our price target to $23 (from $29.00) and projections for Guess?</li><li>after the company reported below consensus 3QFY25 results and materially reduced expectations for 4Q, as the domestic retail division continued to struggle, the strengthening US Dollar was a drag and Guess?</li><li>feels the impact of higher freight costs, particularly in Europe.</li></ul>

We are reducing our price target to $23 (from $29.00) and projections for Guess?after the company reported below consensus 3QFY25 results and materially reduced expectations for 4Q, as the domestic retail division continued to struggle, the strengthening US Dollar was a drag and Guess?feels the impact of higher freight costs, particularly in Europe.

GES: 3Q Review: NT Sinks GES Again; Cutting PT to $23 (from $29), Projections

<ul><li>We are reiterating our Buy rating, $29 price target and projections for Guess?</li><li>after visiting stores in the New York City metropolitan and Long Island areas.</li><li>The company has continued to focus on Fall/Winter fashion favorites such as sweaters, outerwear and activewear in multiple looks, fabrics and cuts.</li></ul>

We are reiterating our Buy rating, $29 price target and projections for Guess?after visiting stores in the New York City metropolitan and Long Island areas.The company has continued to focus on Fall/Winter fashion favorites such as sweaters, outerwear and activewear in multiple looks, fabrics and cuts.

GES: Snapping the Store; Waiting for the Cold; Reiterate Buy, $29 PT

<ul><li>We are reiterating our Buy rating and $29 price target, and tweaking our 3QFY25 projections ahead of earnings next Tuesday after the close.</li><li>While we believe the European operations have remained strong in terms of margins and top line growth, we believe the start of Fall in the domestic arena has been difficult, as a heightened focus on sweaters and outerwear, while fashion right and impressive, has been hampered by warmer weather, especially in men's.</li><li>The impact is even further exacerbated by the relative unimportance of 3Q for the company.</li></ul>

We are reiterating our Buy rating and $29 price target, and tweaking our 3QFY25 projections ahead of earnings next Tuesday after the close.While we believe the European operations have remained strong in terms of margins and top line growth, we believe the start of Fall in the domestic arena has been difficult, as a heightened focus on sweaters and outerwear, while fashion right and impressive, has been hampered by warmer weather, especially in men's.The impact is even further exacerbated by the relative unimportance of 3Q for the company.

Tjx Companies Inc - 3Q Preview: Mixed NT, LT Positive Message Remains; Reiterate Buy, $29 PT

United States

lululemon athletica Inc. designs and retails athletic clothing.  The Company produces fitness pants, shorts, tops and jackets for yoga, dance, running, and general fitness. lululemon serves customers throughout the world.

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

Lululemon Athletica (LULU US)

Lululemon Athletica Inc.: Will Its International Growth & Market Expansion Help Catapult Its Top-Line Growth? - Major Drivers

Lululemon Athletica Inc. reported its third-quarter results for fiscal 2024, revealing both strengths and challenges within its business...

Baptista Research

Lululemon 3Q'24 Update

While the overall market continues to hit All-time High almost every other day, Lulu has been battling the skeptics for much of this year.

MBI Deep Dives

GES: 3Q Review: NT Sinks GES Again; Cutting PT to $23 (from $29), Projections

We are reducing our price target to $23 (from $29.00) and projections for Guess? after the company reported below consensus 3QFY25 results and...

Small Cap Consumer Research

GES: Snapping the Store; Waiting for the Cold; Reiterate Buy, $29 PT

We are reiterating our Buy rating, $29 price target and projections for Guess? after visiting stores in the New York City metropolitan and Long...

Small Cap Consumer Research

Tjx Companies Inc - 3Q Preview: Mixed NT, LT Positive Message Remains; Reiterate Buy, $29 PT

We are reiterating our Buy rating and $29 price target, and tweaking our 3QFY25 projections ahead of earnings next Tuesday after the close. While...

Small Cap Consumer Research

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)