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>Nordstrom's third-quarter earnings for fiscal year 2024 highlighted several key developments that provide insight into the company's current performance and future outlook, while presenting a balanced view of its achievements and challenges.</li>
<li>On the positive side, Nordstrom experienced encouraging sales growth, with both net and comparable sales increasing, alongside margin expansion and a growth in the customer base.</li>
<li>The third quarter saw net sales climb by over 4%, reaching more than $3.3 billion, and earnings per share rose to $0.33.</li>
</ul>


Nordstrom's third-quarter earnings for fiscal year 2024 highlighted several key developments that provide insight into the company's current performance and future outlook, while presenting a balanced view of its achievements and challenges.
On the positive side, Nordstrom experienced encouraging sales growth, with both net and comparable sales increasing, alongside margin expansion and a growth in the customer base.
The third quarter saw net sales climb by over 4%, reaching more than $3.3 billion, and earnings per share rose to $0.33.


Nordstrom Inc.: Expanding Its Rack Presence For A Competitive Edge! - Major Drivers

External reports (aggregated public sources), Value Investors Club

Value Investors Club

External reports (aggregated public sources)

<ul><li>Nordstrom experienced a decline in revenue, net income, and operating margin</li><li>Implemented cost-saving measures and improved digital capabilities to navigate retail challenges</li><li>Despite obstacles, Nordstrom is a strong brand with loyal customers and potential catalysts for future valuation improvement</li></ul>This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only. This article was originally published 3 months ago on Value Investors Club.

Nordstrom experienced a decline in revenue, net income, and operating marginImplemented cost-saving measures and improved digital capabilities to navigate retail challengesDespite obstacles, Nordstrom is a strong brand with loyal customers and potential catalysts for future valuation improvementThis content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only. This article was originally published 3 months ago on Value Investors Club.

Nordstrom Inc (JWN) - Friday, Jul 26, 2024

<ul>
<li>Nordstrom, Inc. has reported its financial results for the second quarter of 2024, announcing a solid performance amid ongoing strategic enhancements and operational optimizations.</li>
<li>The company achieved net sales of $3.8 billion and an earnings per share of $0.96.</li>
<li>This growth was supported by an uptick in comparable sales, net sales growth, and expanded margins across both its Nordstrom and Nordstrom Rack brands.</li>
</ul>


Nordstrom, Inc. has reported its financial results for the second quarter of 2024, announcing a solid performance amid ongoing strategic enhancements and operational optimizations.
The company achieved net sales of $3.8 billion and an earnings per share of $0.96.
This growth was supported by an uptick in comparable sales, net sales growth, and expanded margins across both its Nordstrom and Nordstrom Rack brands.


Nordstrom's Founding Family Seeks to Take the Retailer Private: What’s Driving the Move?

<ul>
<li>This is our first report on Nordstrom, Inc., a company that has captured the market's attention given the recent rumors of a takeover offer from the founding family.</li>
<li>The company's fourth quarter results delivered revenues of $4.3 billion and an earnings per share of $0.96, an improvement over the previous year.</li>
<li>Importantly, 2023 results met or exceeded company guidance.</li>
</ul>


This is our first report on Nordstrom, Inc., a company that has captured the market's attention given the recent rumors of a takeover offer from the founding family.
The company's fourth quarter results delivered revenues of $4.3 billion and an earnings per share of $0.96, an improvement over the previous year.
Importantly, 2023 results met or exceeded company guidance.


Nordstrom Inc: Another Potential Takeover Attempt But What Is The Valuation Upside?

Silver Point

Thomas J. Monaco

Independent Insight Provider

Silver Point is a boutique research firm that focuses on the broader financial services sector, with a particular focus on troubled institutions globally. 

Asia Ex Japan

*Major US Merchant Deal: Tencent Holding’s (700.HK) [Tencent] Afterpay Touch's (APT.AU) [Afterpay] recently announced that it is further expanding its Buy Now, Pay Later (BNPL) model to several major high profile US merchants in order to boost sales and margins. Afterpay is now allowing all US users to shop at 13 retailers by October 2021 - ahead of the holiday shopping season; and*Tencent’s Midas Touch: Tencent continues to hit it out of the park with its Afterpay stake. In addition to its superb return on investment over the past ten months since the stake announcement - -even after giving back some of its gains, this alliance with Australia’s premier financial technology BNPL company is paying dividends to Tencent in numerous other ways.

*Major US Merchant Deal: Tencent Holding’s (700.HK) [Tencent] Afterpay Touch's (APT.AU) [Afterpay] recently announced that it is further expanding its Buy Now, Pay Later (BNPL) model to several major high profile US merchants in order to boost sales and margins. Afterpay is now allowing all US users to shop at 13 retailers by October 2021 - ahead of the holiday shopping season; and*Tencent’s Midas Touch: Tencent continues to hit it out of the park with its Afterpay stake. In addition to its superb return on investment over the past ten months since the stake announcement - -even after giving back some of its gains, this alliance with Australia’s premier financial technology BNPL company is paying dividends to Tencent in numerous other ways. 

Tencent Holdings – Digging In Their Heals

United States

Nordstrom, Inc. is a fashion retailer of apparel, shoes, and accessories for men, women, and children.  The Company operates through multiple retail channels, discount stores, boutiques, catalogs, and on the Internet. Nordstrom, Inc. also offers, through a subsidiary, private label card credit and debit cards.

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Nordstrom Inc (JWN US)

Nordstrom Inc.: Expanding Its Rack Presence For A Competitive Edge! - Major Drivers

Nordstrom's third-quarter earnings for fiscal year 2024 highlighted several key developments that provide insight into the company's current...

Baptista Research

Nordstrom Inc (JWN) - Friday, Jul 26, 2024

Nordstrom experienced a decline in revenue, net income, and operating margin. Implemented cost-saving measures and improved digital capabilities to...

Value Investors Club

Nordstrom's Founding Family Seeks to Take the Retailer Private: What’s Driving the Move?

Nordstrom, Inc. has reported its financial results for the second quarter of 2024, announcing a solid performance amid ongoing strategic...

Baptista Research

Nordstrom Inc: Another Potential Takeover Attempt But What Is The Valuation Upside?

This is our first report on Nordstrom, Inc., a company that has captured the market's attention given the recent rumors of a takeover offer from...

Baptista Research

Tencent Holdings – Digging In Their Heals

TENCENT HOLDINGS: Tencent' s Afterpay recently announced a further expansion of its BNPL model to several major US merchants in order to boost...

Thomas J. Monaco

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