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>TJX Companies Inc. posted a strong performance for the first quarter of fiscal 2025.</li><li>The overall comp store sales increased by 3% at the high end of the company's plan, driven entirely by customer transactions.</li><li>This definitely indicates the strength and resilience of the business.</li></ul>

TJX Companies Inc. posted a strong performance for the first quarter of fiscal 2025.The overall comp store sales increased by 3% at the high end of the company's plan, driven entirely by customer transactions.This definitely indicates the strength and resilience of the business.

The TJX Companies: Strong Market Share Capture & Growth Potential! - Major Drivers

<ul><li>The TJX Companies, Inc., reported its Fourth Quarter Fiscal 2024 Financial Results.</li><li>The company concluded its fiscal year 2023 with a strong growth in overall sales surpassing $50 billion, an important milestone for the company, bolstered by a growth of 5% in consolidated comparable (comp) store sales.</li><li>The strong sales performance can be attributed to the increase in customer transactions in all geographies despite the challenging market conditions.</li></ul>

The TJX Companies, Inc., reported its Fourth Quarter Fiscal 2024 Financial Results.The company concluded its fiscal year 2023 with a strong growth in overall sales surpassing $50 billion, an important milestone for the company, bolstered by a growth of 5% in consolidated comparable (comp) store sales.The strong sales performance can be attributed to the increase in customer transactions in all geographies despite the challenging market conditions.

The TJX Companies: Will The Recent Store Closures Help Improve The Bottom Line? - Major Drivers

<ul><li>TJX Companies, Inc. delivered a positive result and managed an all-around beat in the last quarter, witnessing a commendable 6% surge in overall comparable store sales, surpassing the upper limit of its projections.</li><li>TJX's net sales reached a commendable $13.3 billion, marking a substantial 9% increase compared to the same period in fiscal 2023.</li><li>Marmaxx witnessed a robust increase in comp store sales, driven entirely by increased customer traffic.</li></ul>

TJX Companies, Inc. delivered a positive result and managed an all-around beat in the last quarter, witnessing a commendable 6% surge in overall comparable store sales, surpassing the upper limit of its projections.TJX's net sales reached a commendable $13.3 billion, marking a substantial 9% increase compared to the same period in fiscal 2023.Marmaxx witnessed a robust increase in comp store sales, driven entirely by increased customer traffic.

The TJX Companies Inc.: Surprising Factors Behind Their Recent Retail Growth! - 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, slightly below consensus projections, and $37 price target for Guess?</li><li>with the company announcing 2QFY25 (July) results after the close on Wednesday.</li><li>We believe 2Q, the first full quarter of results from rag & bone, continued positive shifts in wholesale and European operations and a further fashion focus in the domestic retail market, positions Guess?</li></ul>

We are reiterating our Buy rating, slightly below consensus projections, and $37 price target for Guess?with the company announcing 2QFY25 (July) results after the close on Wednesday.We believe 2Q, the first full quarter of results from rag & bone, continued positive shifts in wholesale and European operations and a further fashion focus in the domestic retail market, positions Guess?

GES: 2Q Preview: Setting Up for 2H Upside; Reiterate Buy, $37 PT

<ul><li>TJX delivered a positive result and managed an all-around beat in the last quarter.</li><li>Marmaxx delivered high increases in both customer traffic and comp sales.</li><li>The overall home sales improved significantly and returned to positive sales growth.</li></ul>

TJX delivered a positive result and managed an all-around beat in the last quarter.Marmaxx delivered high increases in both customer traffic and comp sales.The overall home sales improved significantly and returned to positive sales growth.

The TJX Companies Inc.: Can This Retail Dynamo Outperform Its Retail Peers? - Major Drivers

United States

The TJX Companies, Inc. is an off-price apparel and home fashion retailer in the United States and worldwide.  The Company operates off-price retail concepts in the U.S., Canada and Europe that offer a wide range of brand name and designer merchandise.

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Tjx Companies (TJX US)

The TJX Companies: Will The Recent Store Closures Help Improve The Bottom Line? - Major Drivers

The TJX Companies, Inc., reported its Fourth Quarter Fiscal 2024 Financial Results. The company concluded its fiscal year 2023 with a strong...

Baptista Research

The TJX Companies Inc.: Surprising Factors Behind Their Recent Retail Growth! - Major Drivers

TJX Companies, Inc. delivered a positive result and managed an all-around beat in the last quarter, witnessing a commendable 6% surge in overall...

Baptista Research

GES: 2Q Preview: Setting Up for 2H Upside; Reiterate Buy, $37 PT

We are reiterating our Buy rating, slightly below consensus projections, and $37 price target for Guess? with the company announcing 2QFY25 (July)...

Small Cap Consumer Research

The TJX Companies Inc.: Can This Retail Dynamo Outperform Its Retail Peers? - Major Drivers

TJX delivered a positive result and managed an all-around beat in the last quarter. Marmaxx delivered high increases in both customer traffic and...

Baptista Research

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

The TJX Companies: Strong Market Share Capture & Growth Potential! - Major Drivers

TJX Companies Inc. posted a strong performance for the first quarter of fiscal 2025. The overall comp store sales increased by 3% at the high end...

Baptista Research

The TJX Companies: Will The Recent Store Closures Help Improve The Bottom Line? - Major Drivers

The TJX Companies, Inc., reported its Fourth Quarter Fiscal 2024 Financial Results. The company concluded its fiscal year 2023 with a strong...

Baptista Research

The TJX Companies Inc.: Surprising Factors Behind Their Recent Retail Growth! - Major Drivers

TJX Companies, Inc. delivered a positive result and managed an all-around beat in the last quarter, witnessing a commendable 6% surge in overall...

Baptista Research

GES: 2Q Preview: Setting Up for 2H Upside; Reiterate Buy, $37 PT

We are reiterating our Buy rating, slightly below consensus projections, and $37 price target for Guess? with the company announcing 2QFY25 (July)...

Small Cap Consumer Research

The TJX Companies Inc.: Can This Retail Dynamo Outperform Its Retail Peers? - Major Drivers

TJX delivered a positive result and managed an all-around beat in the last quarter. Marmaxx delivered high increases in both customer traffic and...

Baptista Research