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

Abercrombie & Fitch Co Cl A / Equity Bottom-Up

<ul><li>Abercrombie & Fitch Co. recently unveiled its results for the second quarter of 2024, divulging key financial metrics and strategic initiatives that might influence investor sentiment.</li><li>The company exceeded prior projections, setting second-quarter records with a robust 21% growth in net sales, reaching $1.1 billion, alongside an impressive operating margin of 15.5%.</li><li>Baptista Research looks to evaluate the different factors that could influence the company's price in the near future and attempts to carry out an independent valuation of the company using a Discounted Cash Flow (DCF) methodology.</li></ul>

Abercrombie & Fitch Co. recently unveiled its results for the second quarter of 2024, divulging key financial metrics and strategic initiatives that might influence investor sentiment.The company exceeded prior projections, setting second-quarter records with a robust 21% growth in net sales, reaching $1.1 billion, alongside an impressive operating margin of 15.5%.Baptista Research looks to evaluate the different factors that could influence the company's price in the near future and attempts to carry out an independent valuation of the company using a Discounted Cash Flow (DCF) methodology.

Abercrombie & Fitch Co.: Expanded Product Categories & Brand Partnerships Driving Our Optimism! - 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 and $25 price target for AKA and raising our 2024 and 2025 projections after the company registered impressive 2Q2H top line, Adjusted EBITDA and EPS upside, raised 2024 guidance and increased the store opening roster for Princess Polly in 2024 to five, adding new locations in Irvine and Santa Clara.</li><li>a.k.a. Brands continues to leverage newness, fashion excitement and omnichannel expansion for their brands to capture stronger domestic market results.</li><li>We believe, with increased 2024 Princess Polly store openings, a focus on increasing margins in Australia, and new (and deepening) digital marketplace relationships, our projections, even after material raises for 2024 and 2025, remain conservative and we reiterate our Buy rating and $25 price target for AKA.</li></ul>

We are reiterating our Buy rating and $25 price target for AKA and raising our 2024 and 2025 projections after the company registered impressive 2Q2H top line, Adjusted EBITDA and EPS upside, raised 2024 guidance and increased the store opening roster for Princess Polly in 2024 to five, adding new locations in Irvine and Santa Clara.a.k.a. Brands continues to leverage newness, fashion excitement and omnichannel expansion for their brands to capture stronger domestic market results.We believe, with increased 2024 Princess Polly store openings, a focus on increasing margins in Australia, and new (and deepening) digital marketplace relationships, our projections, even after material raises for 2024 and 2025, remain conservative and we reiterate our Buy rating and $25 price target for AKA.

Abercrombie & Fitch Co Cl A - AKA; 2Q Review: Showing the Way to Upside; Reiterate Buy, $25 PT

<ul><li>We are reiterating our Buy rating, $25 price target and projections for a.k.a. Brands with the company announcing 2Q24 (June) results after the close on Wednesday.</li><li>While 2Q is not a highly crucial period for the company, we believe management will be able to point to material progress on multiple fronts, from continued solid top line growth at Princess Polly, Culture Kings setting up for the shift to the "test and repeat" model and adding more exclusives to the mix, and Petal & Pup leveraging strong demand for dresses and new digital marketplace relationships.</li><li>Further, we believe a.k.a. Brands is on track to open three new Princess Polly stores in 3Q24, with more on track for 2025.</li></ul>

We are reiterating our Buy rating, $25 price target and projections for a.k.a. Brands with the company announcing 2Q24 (June) results after the close on Wednesday.While 2Q is not a highly crucial period for the company, we believe management will be able to point to material progress on multiple fronts, from continued solid top line growth at Princess Polly, Culture Kings setting up for the shift to the "test and repeat" model and adding more exclusives to the mix, and Petal & Pup leveraging strong demand for dresses and new digital marketplace relationships.Further, we believe a.k.a. Brands is on track to open three new Princess Polly stores in 3Q24, with more on track for 2025.

AKA: 2Q Preview: Getting Ready for the Main Course; Reiterate Buy, $25 PT

<ul><li>We are reiterating our Buy rating, $25 price target and projections for a.k.a. Brands as we look forward to 2H24.</li><li>We believe, after a period of material shifts and rethinking of the entire business model, a.k.a. management will be able to provide material proof that the shift to a true omnichannel, environmentally driven and fully "test and repeat" business model can drive strong overall returns, position the company for profitability and drive further free cash flow.</li><li>As such, we believe 2H24 will be a highly critical time for a.k.a. and we look forward to the company reproving the business model and beginning to attract higher investor interest.</li></ul>

We are reiterating our Buy rating, $25 price target and projections for a.k.a. Brands as we look forward to 2H24.We believe, after a period of material shifts and rethinking of the entire business model, a.k.a. management will be able to provide material proof that the shift to a true omnichannel, environmentally driven and fully "test and repeat" business model can drive strong overall returns, position the company for profitability and drive further free cash flow.As such, we believe 2H24 will be a highly critical time for a.k.a. and we look forward to the company reproving the business model and beginning to attract higher investor interest.

AKA: 2H24 Signposts; Story Becoming Interesting; Reiterate Buy, $25 PT

<ul><li>We are reiterating our Buy rating, $25 price target and projections of a.k.a. Brands after touring the company's Culture Kings store in Las Vegas and Princess Polly unit in Los Angeles.</li><li>We believe both locations represent impressive retail units which will allow for continued growth (and high returns) going forward, as a.k.a. expands their retail footprint, with three new Princess Polly stores on track for a 2H24 opening.</li><li>As such, we remain excited by the potential for the ongoing turn at the company, which we believe will be even further driven by continued retail expansion, and reiterate our Buy rating and $25 price target for AKA.</li></ul>

We are reiterating our Buy rating, $25 price target and projections of a.k.a. Brands after touring the company's Culture Kings store in Las Vegas and Princess Polly unit in Los Angeles.We believe both locations represent impressive retail units which will allow for continued growth (and high returns) going forward, as a.k.a. expands their retail footprint, with three new Princess Polly stores on track for a 2H24 opening.As such, we remain excited by the potential for the ongoing turn at the company, which we believe will be even further driven by continued retail expansion, and reiterate our Buy rating and $25 price target for AKA.

Abercrombie & Fitch Co Cl A - AKA: Snapping the Store: Building Unique Brands; Retierate Buy, $25 PT

United States

Abercrombie & Fitch Co.  a specialty retailer that operates stores and direct-to-consumer operations. Through these channels, the Company sells: casual sportswear apparel, including knit and woven shirts, graphic t-shirts, fleece, jeans and woven pants, shorts, sweaters, and outerwear; personal care products; and accessories for men, women and kids.

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Abercrombie & Fitch Co Cl A (ANF US)

Abercrombie & Fitch Co.: Expanded Product Categories & Brand Partnerships Driving Our Optimism! - Major Drivers

Abercrombie & Fitch Co. recently unveiled its results for the second quarter of 2024, divulging key financial metrics and strategic...

Baptista Research

Abercrombie & Fitch Co Cl A - AKA; 2Q Review: Showing the Way to Upside; Reiterate Buy, $25 PT

We are reiterating our Buy rating and $25 price target for AKA and raising our 2024 and 2025 projections after the company registered impressive...

Small Cap Consumer Research

AKA: 2Q Preview: Getting Ready for the Main Course; Reiterate Buy, $25 PT

We are reiterating our Buy rating, $25 price target and projections for a.k.a. Brands with the company announcing 2Q24 (June) results after the...

Small Cap Consumer Research

AKA: 2H24 Signposts; Story Becoming Interesting; Reiterate Buy, $25 PT

We are reiterating our Buy rating, $25 price target and projections for a.k.a. Brands as we look forward to 2H24. We believe, after a period of...

Small Cap Consumer Research

Abercrombie & Fitch Co Cl A - AKA: Snapping the Store: Building Unique Brands; Retierate Buy, $25 PT

We are reiterating our Buy rating, $25 price target and projections of a.k.a. Brands after touring the company's Culture Kings store in Las Vegas...

Small Cap Consumer Research

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