Target Plunges 21% While Williams-Sonoma Soars 27% On Same Day
Target Plunges 21% While Williams-Sonoma Soars 27% On Same Day
Investors were treated to quite the pair trade on Wednesday when shares of big box retailer Target Corp (NYSE:TGT) sunk while shares of home furnishing retailer Williams-Sonoma, Inc. (NYSE:WSM) rocketed off earnings. The two stocks were the biggest movers of the day, according to Benzinga Pro.
投资者们在周三体验了一场特殊的配对交易，随着大型零售商塔吉特公司（纽交所：TGT）的股票下跌，家居用品零售商williams-sonoma, Inc.（纽交所：WSM）的股票在财报发布后暴涨。这两只股票是当天最大的波动者，依据Benzinga Pro的说法。
Price Action: Target's stock closed the day at $121.72, down 21.41%. According to market strategist Ryan Detrick, Wednesday was the Minneapolis, Minnesota-based company's third-worst day in history in the market.
价格走势：塔吉特的股票当天收盘价为121.72美元，下跌21.41%。根据市场策略师Ryan Detrick的说法，周三是这家总部位于明尼阿波利斯的公司的历史上第三差的交易日。
Meanwhile, Williams-Sonoma's price action was certainly something to write home about. The San Fransisco, California-based company's shares closed the Wednesday trading session at $175.04, up 27.54%. This was the company's second-best day ever in the market.
与此同时，williams-sonoma的价格走势无疑值得一提。这家位于加利福尼亚圣弗朗西斯科的公司的股票在周三交易时段以175.04美元的价格收盘，上涨27.54%。这是该公司历史上第二好的交易日。
Target Earnings: Target reported earnings-per-share of $1.85 in 2024's third quarter, under Wall Street's projection of $2.30. Revenue numbers also fell under expectations. Net income fell 12.1% year-over-year while cost of sales and administrative expenses increases outpaced revenue growth.
塔吉特财报：塔吉特在2024年第三季度报告每股收益为1.85美元，低于华尔街预期的2.30美元。营业收入数据也低于预期。净利润同比下降12.1%，而销售成本和行政费用的增长速度超过了收入增长。
Management cited cost pressures and continued supply chain disruptions for its weak quarterly performance. The company has previously blamed store theft as a driver of financial underperformance.
管理层指出成本压力和持续的供应链中断是其季度业绩不佳的原因。该公司之前曾将商店盗窃视为财务表现不佳的一个推动因素。
Wells Fargo and Citigroup issued a downgrade for Target stock on Wednesday, according to Benzinga analyst ratings.
根据Benzinga分析师评级，富国银行和花旗集团在周三对塔吉特的股票做出了降级。
Williams-Sonoma Earnings: Williams-Sonoma's report painted a rosier picture.
williams-sonoma财报：williams-sonoma的报告描绘了一幅更加美好的图景。
The company reported earnings-per-share of $1.96, beating estimates of $1.78. The home furnishing and cooking retailer also gained market share and raised guidance.
该公司报告每股收益为1.96美元，超出预期的1.78美元。这家家居用品和烹饪零售商还获得了市场份额并提高了业绩指引。
Laura Alber, president and CEO, highlighted the company's margins as a catalyst for its earnings beat.
劳拉·阿尔伯，公司的总裁兼首席执行官，强调了公司的利润率是其盈利超预期的催化剂。
"Our operating results reflect the operational improvements that we have been focused on all year, and demonstrate the strength of our margin profile in a difficult environment," Alber said in a press release.
阿尔伯在新闻发布会上表示：“我们的经营结果反映了我们全年专注于的运营改善，展示了在困难环境中我们利润率的强劲实力。”
The Retail Industry: Target sells Williams-Sonoma cookbooks on its online e-commerce platform.
零售行业：塔吉特在其在线电子商务平台上销售williams-sonoma的烹饪书。
The two earnings reports paint mixed signals for a retail industry at a crossroads. While some retailers have continued to struggle amid tough macroeconomic conditions and rapid change in the industry at large, others have flourished.
这两份财报为处于十字路口的零售行业发出了混合信号。虽然一些零售商在艰难的宏观经济环境和整个行业快速变化中继续挣扎，但其他零售商则蓬勃发展。
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照片：shutterstock
