Target's Q2 Beat Fuels Analyst Optimism With Strong Outlook, Strategic Initiatives
Target's Q2 Beat Fuels Analyst Optimism With Strong Outlook, Strategic Initiatives
Target Corporation (NYSE:TGT) shares are trading lower on Thursday.
週四,Target Corporation(紐交所:TGT)股價下跌。
Yesterday, the company reported better-than-expected second-quarter financial results and raised its outlook.
昨天,該公司發佈了超出預期的第二季度財務業績,並提高了其展望。
Target has raised its full-year 2024 adjusted EPS outlook to a range of $9.00 to $9.70, up from the previous range of $8.60 to $9.60. This new outlook compares to an estimate of $9.36.
Target將其2024財年調整後的每股收益展望提高至9.00至9.70美元的區間,高於之前的8.60至9.60美元的區間。這一新展望與9.36美元的估值相比。
Analysts covering the retail behemoth provided their takes:
覆蓋這家零售巨頭的分析師提供了他們的觀點:
- BofA Securities analyst Robert F. Ohmes reiterated the Buy rating on Target, raising the price forecast to $195 from $190.
- Telsey Advisory analyst Joseph Feldman reiterated the Outperform rating, raising the price forecast to $195 from $190.
- BofA證券分析師Robert F. Ohmes重申了對Target的買入評級,並將價格預測從190美元上調至195美元。
- Telsey Advisory分析師Joseph Feldman重申了對該公司的超越市場表現評級,並將價格預測從190美元上調至195美元。
BofA Securities: The analyst increased the FY25 EPS estimate to $9.70 from $9.45, citing a strong second-quarter performance and anticipated ongoing strength in Gross Margin.
美銀證券:該分析師將FY25每股收益預測從9.45美元上調至9.70美元,原因是第二季度業績強勁,並預計毛利率持續保持強勁。
The forecast for the second half comps remains at +2%, the analyst adds. Despite a volatile macroeconomic environment, Ohmes sees recent comp trends to persist, driven by Target's enhanced value proposition and merchandising as it supports growth through the back-to-school and holiday seasons.
分析師指出,下半年同店銷售預測保持在+2%,儘管宏觀經濟環境動盪,Ohmes認爲最近的同店銷售趨勢將持續,這是由Target的提升價值主張和商品推動的成長,支撐着返校季和節假日銷售的增長。
Ohmes expects the firm's gross margins to receive sustained long-term support from the expansion of sortation centers (currently 11 in operation) and growth in Roundel, which is anticipated to increase in the high teens this year.
Ohmes預計公司的毛利率將從分揀中心的擴張(目前有11個正在運營)和Roundel的增長中獲得持續的長期支持,預計今年將增長高兩位數。
Also Read: Target's Strong Q2 Performance Impresses Analysts, But Caution Remains Over Future Margin Pressures
另請閱讀:Target強勁的第二季表現令分析師印象深刻,但對未來利潤壓力仍然持謹慎態度
The FY25 gross margin forecast includes only a modest benefit from shrinkage accruals.
FY25的毛利率預測僅包括對縮水準備金的適度好處。
However, Ohmes sees potential for additional upside from shrinkage if overall loss rates decrease year-over-year.
然而,Ohmes認爲,如果整體損失率同比減少,可能會有額外的收益。
Telsey Advisory Group: According to Feldman, Target is poised to benefit from its value-driven approach and strategic initiatives, including private brands, new store openings, remodels, supply chain improvements, digital advancements like Drive Up, an upgraded loyalty program and the Target+ marketplace.
Telsey諮詢集團:根據菲爾德曼的說法,Target有望受益於其以價值驅動爲主的策略和戰略舉措,包括私人品牌、新店開業、改建、供應鏈改進、像Drive Up這樣的數字進展、升級的忠誠計劃和Target+市場。
Additionally, the company continues to enhance the customer experience and product offerings through partnerships with popular brands such as Apple Inc. (NASDAQ:AAPL), Walt Disney Co (NYSE:DIS), Levi Strauss & Co (NYSE:LEVI), and Ulta Beauty, Inc. (NASDAQ:ULTA).
此外,該公司繼續通過與蘋果公司(納斯達克:AAPL)、迪士尼公司(紐交所:DIS)、Levi Strauss和Co(紐交所:LEVI)以及Ulta Beauty公司(納斯達克:ULTA)等知名品牌合作,提升客戶體驗和產品供應。
These efforts are expected to drive robust sales and earnings growth in the future.
預計這些努力將推動未來銷售和盈利增長強勁。
For the third quarter, the analyst raised the EPS estimate by $0.01 to $2.35, driven by an improved operating margin of approximately 60 basis points to 5.8%, up from the previous 5.7%.
分析師上調了第三季度的EPS估算,至2.35美元,這是由營業利潤率的提高推動的,營業利潤率約爲5.8%,高於之前的5.7%。
This increase was partly offset by a lower comparable sales forecast of 1.5%, compared to the previous 2.5% estimate.
這一增長部分被較低的可比銷售預測所抵消,與之前的2.5%估計相比,這一預測爲1.5%。
For 2024, the EPS estimate was raised to $9.70 from $9.52.
2024年的每股收益預測從9.52美元上調至9.70美元。
TGT Price Action: Target shares are trading lower by 1.55% to $156.80 at last check Thursday.
TGt 價格動態:目標公司股價在週四最後一次檢查時下跌了1.55%,至156.80美元。
- Billionaire Hedge Fund Manager David Einhorn Says Stock Market Is Fundamentally Broken: Here's Why
- 億萬富翁對沖基金經理大衛·艾因霍恩表示股市在基本上出現了問題:原因在於這裏
Photo: Shutterstock
Photo: shutterstock