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>Ross Stores delivered robust fourth quarter and full year 2023 results, with sales and earnings surpassing management's expectations.</li><li>Earnings per share for Q4 stood at $1.82, up from $1.31 per share for the same period in the previous year, while net income rose to $610 million versus $447 million last year.</li><li>For the 2023 fiscal year; earnings per share were $5.56, up from $4.38.</li></ul>

Ross Stores delivered robust fourth quarter and full year 2023 results, with sales and earnings surpassing management's expectations.Earnings per share for Q4 stood at $1.82, up from $1.31 per share for the same period in the previous year, while net income rose to $610 million versus $447 million last year.For the 2023 fiscal year; earnings per share were $5.56, up from $4.38.

Ross Stores: A Tale Of Strategic Category Expansion & Improved Customer Attraction! - Key Drivers

<ul><li>Ross Stores, Inc. exceeded analyst expectations in terms of revenue as well as earnings, reaching 11.2% for the period, up from 9.8% the previous year.</li><li>Sales for the year-to-date period reached $14.4 billion, showing a 4% increase in comparable store sales over the previous year.</li><li>The company is on track to end the year with 1,764 Ross stores and 345 dd's DISCOUNTS, reflecting a net increase of 94 stores.</li></ul>

Ross Stores, Inc. exceeded analyst expectations in terms of revenue as well as earnings, reaching 11.2% for the period, up from 9.8% the previous year.Sales for the year-to-date period reached $14.4 billion, showing a 4% increase in comparable store sales over the previous year.The company is on track to end the year with 1,764 Ross stores and 345 dd's DISCOUNTS, reflecting a net increase of 94 stores.

Ross Stores Inc.: Emphasis On Value-Focused Changes Across Categories & Other Major Drivers! - Financial Forecasts

<ul><li>Ross Stores Inc. delivered a positive result and managed an all-around beat last quarter, with a 5% increase in comparable store sales primarily attributed to heightened customer traffic.</li><li>Despite remaining cautious due to ongoing challenges in the economic landscape, Ross Stores raised its outlook for the second half of the year, indicating an upward trend in comparable store sales for the upcoming quarters.</li><li>This resilient approach and the company's strategic planning position Ross Stores for continued growth and success in the retail industry.</li></ul>

Ross Stores Inc. delivered a positive result and managed an all-around beat last quarter, with a 5% increase in comparable store sales primarily attributed to heightened customer traffic.Despite remaining cautious due to ongoing challenges in the economic landscape, Ross Stores raised its outlook for the second half of the year, indicating an upward trend in comparable store sales for the upcoming quarters.This resilient approach and the company's strategic planning position Ross Stores for continued growth and success in the retail industry.

Ross Stores Inc.: Continued Addition Of New Locations Boosting Growth! - Major Drivers

Equity Capital Markets

<ul><li>Ross Stores managed to exceed analyst expectations in terms of revenue as well as earnings in its most recent quarterly result.</li><li>The operating margin declined slightly compared to the previous year, primarily due to increased incentive compensation.</li><li>Ross Stores plans to open new locations in the second quarter and anticipates a range for the operating margin.</li></ul>

Ross Stores managed to exceed analyst expectations in terms of revenue as well as earnings in its most recent quarterly result.The operating margin declined slightly compared to the previous year, primarily due to increased incentive compensation.Ross Stores plans to open new locations in the second quarter and anticipates a range for the operating margin.

Ross Stores: Collaboration With Adidas & Other Developments

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, $37 price target and projections for Guess?</li><li>after visiting stores in the Metro New Your City area and Long Island.</li><li>Management continues to materially upgrade the Guess?</li></ul>

We are reiterating our Buy rating, $37 price target and projections for Guess?after visiting stores in the Metro New Your City area and Long Island.Management continues to materially upgrade the Guess?

GES: Snapping the Store: Moving to a Boutique Model; Reiterate Buy, $37 PT

United States

Ross Stores, Inc. operates two brands of off-price retail apparel and home accessories stores. Ross Stores offers name brand and designer apparel, accessories, footwear, and home fashions at discount prices.

Ross Stores Inc (ROST US)

Ross Stores: A Tale Of Strategic Category Expansion & Improved Customer Attraction! - Key Drivers

Ross Stores delivered robust fourth quarter and full year 2023 results, with sales and earnings surpassing management's expectations. Earnings per...

Baptista Research

Ross Stores Inc.: Emphasis On Value-Focused Changes Across Categories & Other Major Drivers! - Financial Forecasts

Ross Stores, Inc. exceeded analyst expectations in terms of revenue as well as earnings, reaching 11.2% for the period, up from 9.8% the previous...

Baptista Research

Ross Stores Inc.: Continued Addition Of New Locations Boosting Growth! - Major Drivers

Ross Stores Inc. delivered a positive result and managed an all-around beat last quarter, with a 5% increase in comparable store sales primarily...

Baptista Research

Ross Stores: Collaboration With Adidas & Other Developments

Ross Stores managed to exceed analyst expectations in terms of revenue as well as earnings in its most recent quarterly result. The operating...

Baptista Research

GES: Snapping the Store: Moving to a Boutique Model; Reiterate Buy, $37 PT

We are reiterating our Buy rating, $37 price target and projections for Guess? after visiting stores in the Metro New Your City area and Long...

Small Cap Consumer Research