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>Williams-Sonoma delivered a mixed result in the recent quarter, with revenues below market expectations, but it managed to surpass the analyst consensus in terms of earnings.</li><li>Williams-Sonoma achieved these outcomes despite a more promotional environment and softer industry metrics by focusing on regular price selling, leveraging the company's market advantages, enhancing customer service, and managing costs.</li><li>In this report, we have carried out a fundamental analysis of the historical financial statements of the company.</li></ul>

Williams-Sonoma delivered a mixed result in the recent quarter, with revenues below market expectations, but it managed to surpass the analyst consensus in terms of earnings.Williams-Sonoma achieved these outcomes despite a more promotional environment and softer industry metrics by focusing on regular price selling, leveraging the company's market advantages, enhancing customer service, and managing costs.In this report, we have carried out a fundamental analysis of the historical financial statements of the company.

Williams-Sonoma Inc.: 4 Surprising Takeaways From Their Recent Financial Performance - Financial Forecasts

Equity Capital Markets

<ul><li>Williams-Sonoma delivered a mixed result in the recent quarter, with revenues below market expectations, but it managed to surpass the analyst consensus in terms of earnings.</li><li>This was largely offset by the stronger pricing power of their products and their continuous resolve to forego site-wide discounts.</li><li>While inventory on hand climbed 28% over the previous year, merchandise inventories, which include in-transit goods, were practically steady at $1.402 billion.</li></ul>

Williams-Sonoma delivered a mixed result in the recent quarter, with revenues below market expectations, but it managed to surpass the analyst consensus in terms of earnings.This was largely offset by the stronger pricing power of their products and their continuous resolve to forego site-wide discounts.While inventory on hand climbed 28% over the previous year, merchandise inventories, which include in-transit goods, were practically steady at $1.402 billion.

Williams-Sonoma Inc.: The GreenRow Launch & Other Developments

Quality-first, Business-perspective Strategy, Urbem (HK) Limited

Steven Chen

Quality-first, Business-perspective Strategy

<ul>
<li>RH is the only luxury lifestyle brand at scale on this planet;</li>
<li>Both qualitative and quantitative evidence point to the emerging and probably widening economic moat around the business;</li>
<li>We see rich optionality regarding RH's growth trajectory moving forward;</li>
</ul>


RH is the only luxury lifestyle brand at scale on this planet;
Both qualitative and quantitative evidence point to the emerging and probably widening economic moat around the business;
We see rich optionality regarding RH's growth trajectory moving forward;


<ul><li>This is our first report on Williams-Sonoma, a major specialty retail company that sells home furnishing and kitchenware in the U.S.</li><li>The company has been facing a difficult operating environment and delivered a mixed result in the last quarter.</li><li>Net revenues increased to $2.2 billion, with comparable brand revenue growing at an 8.1% rate for 2-year and 3-year comps of over 25% and 50%, respectively.</li></ul>

This is our first report on Williams-Sonoma, a major specialty retail company that sells home furnishing and kitchenware in the U.S.The company has been facing a difficult operating environment and delivered a mixed result in the last quarter.Net revenues increased to $2.2 billion, with comparable brand revenue growing at an 8.1% rate for 2-year and 3-year comps of over 25% and 50%, respectively.

Williams-Sonoma Inc.: Initiation of Coverage – Business Drivers & Key Developments

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

<div>Ongoing market dynamics remain largely positive and there continues to be an absence of major breakdowns across all Sectors and the major averages. As a result, we expect higher prices ahead and recommend adding exposure on pullbacks. In today’s report we highlight attractive Groups and stocks within Consumer Discretionary and Health Care.</div>

Ongoing market dynamics remain largely positive and there continues to be an absence of major breakdowns across all Sectors and the major averages. As a result, we expect higher prices ahead and recommend adding exposure on pullbacks. In today’s report we highlight attractive Groups and stocks within Consumer Discretionary and Health Care.

S&P 500, Russell 2000 Testing Short-Term Support

United States

Williams-Sonoma, Inc. retails cooking and serving equipment, home furnishings, and home accessories through retail stores, mail order catalogs and e-commerce. The Company offers its merchandise under the Williams-Sonoma, Pottery Barn, Pottery Barn Kids, Pottery Barn Teen, and West Elm.

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Williams Sonoma (WSM US)

Williams-Sonoma Inc.: 4 Surprising Takeaways From Their Recent Financial Performance - Financial Forecasts

Williams-Sonoma delivered a mixed result in the recent quarter, with revenues below market expectations, but it managed to surpass the analyst...

Baptista Research

Williams-Sonoma Inc.: The GreenRow Launch & Other Developments

Williams-Sonoma delivered a mixed result in the recent quarter, with revenues below market expectations, but it managed to surpass the analyst...

Baptista Research

RH: A One-Of-Its-Kind Business

Short-termist Mr. Market appears quite bearish on this winning luxury lifestyle brand, creating opportunities for long-term, patient investors.

Steven Chen

Williams-Sonoma Inc.: Initiation of Coverage – Business Drivers & Key Developments

This is our first report on Williams-Sonoma, a major specialty retail company that sells home furnishing and kitchenware in the U.S. The company...

Baptista Research

S&P 500, Russell 2000 Testing Short-Term Support

Ongoing market dynamics remain largely positive across all Sectors and the major averages. As a result, we expect higher prices ahead and recommend...

Vermilion Research

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