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.
紐交所（NYSE：TGT）的Target Corporation股票週四下跌交易。
Yesterday, the company reported better-than-expected second-quarter financial results and raised its outlook.
昨天，該公司公佈了超出預期的第二季度財務結果，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財年調整後每股收益展望上調至9.00美元至9.70美元的區間，而之前的區間爲8.60美元至9.60美元。這一新展望與9.36美元的預估相比。
Analysts covering the retail behemoth provided their takes:
對於這家零售巨頭，分析師們紛紛發表了自己的觀點：
- 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，並將價格預測上調至195美元，比190美元高。
- Telsey Advisory分析師Joseph Feldman重申了超越大盤的評級，並將價格預測上調至195美元，比190美元高。
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.
BofA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，原因是第二季度表現強勁，並預計毛利率持續增長。
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.
分析師補充道，下半年的銷售額預測仍然爲+2%。儘管宏觀經濟環境波動，但Ohmes認爲最近的銷售額趨勢將持續增長，得益於Target的增強價值主張和商品銷售，支持其在返校和假日季節的增長。
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，該公司的毛利率將繼續得到分揀中心擴張（目前有11家正在運營）和Roundel的增長的長期支持，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
另外閱讀：塔吉特強勁的第二季度表現給分析師留下了深刻的印象，但對未來利潤壓力仍持謹慎態度。
The FY25 gross margin forecast includes only a modest benefit from shrinkage accruals.
FY25的毛利率預測僅包含收縮計提的適度好處。
However, Ohmes sees potential for additional upside from shrinkage if overall loss rates decrease year-over-year.
然而，如果整體損失率同比下降，Ohmes認爲收縮還有潛力增加額外上行空間。
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Feldman的觀點，塔吉特將受益於其以價值爲導向的策略和戰略舉措，包括私有品牌，新店開業，改建，供應鏈改進，Drive Up等數字化先進技術，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，該公司還通過與蘋果公司（納斯達克：AAPL），迪士尼公司（紐交所：DIS），李維斯（紐交所：LEVI）和Ulta Beauty，Inc.（納斯達克：ULTA）等熱門品牌合作，不斷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.
這些努力預計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%.
對於第三季度，該分析師將每股收益預期上調了0.01美元，原因是營業利潤率預計將從之前的5.7%上升60個點子至5.8%左右。
This increase was partly offset by a lower comparable sales forecast of 1.5%, compared to the previous 2.5% estimate.
這種增長部分被較低的可比銷售預測（1.5%）抵消，與之前的2.5%估計相比。
For 2024, the EPS estimate was raised to $9.70 from $9.52.
對於2024年，每股收益估計上調至9.70美元，而之前爲9.52美元。
TGT Price Action: Target shares are trading lower by 1.55% to $156.80 at last check Thursday.
TGt股價行爲：目標股價在上週四最後一次檢查時下跌1.55%，至156.80美元。
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Photo: Shutterstock
Photo: shutterstock
譯文內容由第三人軟體翻譯。