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>Investors reviewing PVH Corp’s recent performance might note several key aspects from the second quarter of 2024.</li><li>On the positive side, PVH has managed to align its revenue with guidance while exceeding profitability and earnings per share expectations.</li><li>A notable achievement was expanding EBIT margins, partly due to improving gross margins by 250 basis points and enhancing inventory productivity, with a 12% year-over-year reduction in inventory.</li></ul>

Investors reviewing PVH Corp’s recent performance might note several key aspects from the second quarter of 2024.On the positive side, PVH has managed to align its revenue with guidance while exceeding profitability and earnings per share expectations.A notable achievement was expanding EBIT margins, partly due to improving gross margins by 250 basis points and enhancing inventory productivity, with a 12% year-over-year reduction in inventory.

PVH Corp: Optimizing Direct-to-Consumer Strategy For A Competitive Edge! - Major Drivers

<ul><li>PVH Corp. reported its financial results for the second quarter of 2024, reflecting a blend of successes and strategic pivots amidst a challenging global economic environment.</li><li>Under the leadership of CEO Stefan Larsson, PVH Corp. has managed to align its performance with guidance expectations while surpassing estimates on profitability.</li><li>The quarter showcased a revenue performance in line with PVH's projections, with a noteworthy increase in EBIT margins owing to a significant 250 basis point expansion in gross margins.</li></ul>

PVH Corp. reported its financial results for the second quarter of 2024, reflecting a blend of successes and strategic pivots amidst a challenging global economic environment.Under the leadership of CEO Stefan Larsson, PVH Corp. has managed to align its performance with guidance expectations while surpassing estimates on profitability.The quarter showcased a revenue performance in line with PVH's projections, with a noteworthy increase in EBIT margins owing to a significant 250 basis point expansion in gross margins.

PVH Corp.: Emphasis on Direct-to-Consumer (DTC) and E-commerce Strategy! - Major Drivers

<ul><li>PVH Corp. delivered mixed results in the first quarter of 2024, exhibiting robust performance in some sectors while facing challenges in others due to the volatile macroeconomic environment.</li><li>The company continued its strategic shift toward focusing on its Calvin Klein and Tommy Hilfiger brands, emphasizing high-margin direct-to consumer (DTC) sales and reducing exposure to lower-margin wholesale channels.</li><li>This pivot is part of PVH Corp.'s long-term vision to transform into a leading brand lifestyle powerhouse.</li></ul>

PVH Corp. delivered mixed results in the first quarter of 2024, exhibiting robust performance in some sectors while facing challenges in others due to the volatile macroeconomic environment.The company continued its strategic shift toward focusing on its Calvin Klein and Tommy Hilfiger brands, emphasizing high-margin direct-to consumer (DTC) sales and reducing exposure to lower-margin wholesale channels.This pivot is part of PVH Corp.'s long-term vision to transform into a leading brand lifestyle powerhouse.

PVH Corp.: Optimization of Direct-to-Consumer (DTC) Channels & Other Major Drivers

<ul><li>This is our first report on apparel major, PVH Corp.</li><li>The company's third quarter earnings for 2023 portray an encouraging picture of the company's financial performance, characterized by a steady stream of revenue and a strategic focus on its core brands.</li><li>PVH Corp. displayed resilience by achieving an overall revenue growth in line with guidance, up 4% on a reported basis and up 1% in constant currency.</li></ul>

This is our first report on apparel major, PVH Corp.The company's third quarter earnings for 2023 portray an encouraging picture of the company's financial performance, characterized by a steady stream of revenue and a strategic focus on its core brands.PVH Corp. displayed resilience by achieving an overall revenue growth in line with guidance, up 4% on a reported basis and up 1% in constant currency.

PVH Corp.: Initiation of Coverage - E-Commerce Explosion: How PVH's Digital Mastery Is Redefining Fashion Retail! - Major Drivers

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

We are beginning to see early signs of rotations back into more risk-on areas of the equity market -- a bullish sign for the broad market. Short-term outperformance and constructive consolidation/bottoming patterns are evident within biotech (IBB, XBI), small- and micro-caps (IWM, IWC), and emerging markets (EEM). This only adds to our positive outlook for the weeks and months ahead; continue to buy pullbacks.

We are beginning to see early signs of rotations back into more risk-on areas of the equity market -- a bullish sign for the broad market. Short-term outperformance and constructive consolidation/bottoming patterns are evident within biotech (IBB, XBI), small- and micro-caps (IWM, IWC), and emerging markets (EEM). This only adds to our positive outlook for the weeks and months ahead; continue to buy pullbacks.

U.S. Equity Strategy: Risk-On Rotations Vs. Weaker Seasonality; Russell 2000, Biotech, EM Improving

United States

PVH Corp. designs, sources, manufactures, and markets men's, women's, and children's apparel and footwear.  The Company markets its products at a wholesale level through department store chains and directly to consumers through retail stores. PVH Corp offers attire that includes dress shirts, sportswear, neckwear, and footwear.

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Pvh Corp (PVH US)

PVH Corp: Optimizing Direct-to-Consumer Strategy For A Competitive Edge! - Major Drivers

Investors reviewing PVH Corp’s recent performance might note several key aspects from the second quarter of 2024. On the positive side, PVH has...

Baptista Research

PVH Corp.: Emphasis on Direct-to-Consumer (DTC) and E-commerce Strategy! - Major Drivers

PVH Corp. reported its financial results for the second quarter of 2024, reflecting a blend of successes and strategic pivots amidst a challenging...

Baptista Research

PVH Corp.: Optimization of Direct-to-Consumer (DTC) Channels & Other Major Drivers

PVH Corp. delivered mixed results in the first quarter of 2024, exhibiting robust performance in some sectors while facing challenges in others...

Baptista Research

PVH Corp.: Initiation of Coverage - E-Commerce Explosion: How PVH's Digital Mastery Is Redefining Fashion Retail! - Major Drivers

This is our first report on apparel major, PVH Corp. The company's third quarter earnings for 2023 portray an encouraging picture of the company's...

Baptista Research

U.S. Equity Strategy: Risk-On Rotations Vs. Weaker Seasonality; Russell 2000, Biotech, EM Improving

We are seeing signs of rotations back into more risk-on areas of the equity market -- a bullish sign for the broad market. Add to biotech, small-...

Vermilion Research

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