Target Bull Drops Stock To Buy Shares Of This Retailer Following 'Overreaction' To Earnings
Target Bull Drops Stock To Buy Shares Of This Retailer Following 'Overreaction' To Earnings
Hightower Advisors' Stephanie Link believed one discount retailer's stock offered a buying opportunity so great, she was willing to sell one of her favorite names to jump in.
HighTower Advisors的斯蒂芬妮·林克她认为一家折扣零售商的股票提供了如此好的买入机会，她愿意出售她最喜欢的品牌之一来跳入。
What Happened: Link exited her position in Target Corporation (NYSE:TGT) to raise cash to buy shares of Dollar General Corp (NYSE:DG).
发生的事情：林克于年离职目标公司(纽约证券交易所股票代码：TGT)筹集现金购买股票美元总公司(纽约证券交易所代码：DG)。
"I had to make a choice and it was a painful one to sell Target," Link said Monday on CNBC's "Fast Money Halftime Report."
周一，林克在CNBC的《快钱中场休息报道》节目中说：我不得不做出选择，而出售塔吉特是一个痛苦的选择。
She told CNBC that she still liked Target stock a lot and believed the company was taking share, but Dollar General presented a buying opportunity that was too good to pass up following its third-quarter report, Link said.
她告诉CNBC，她仍然非常喜欢Target股票，并相信该公司正在抢占份额，但Dollar General在发布第三季度报告后提供了一个太好的买入机会，不能错过，Link说。
She highlighted the company's nearly 7% increase in same-store sales, as well as its 11% jump in revenue growth year-over-year. She also noted that revenues were up 35% compared to 2019 levels.
她强调，该公司的同店销售额增长了近7%，收入同比增长了11%。她还指出，与2019年的水平相比，收入增长了35%。
"I really had so much more conviction in Dollar General and less conviction in Target in terms of the timing of when they're going to see better inventories, better margins," Link said.
“我对Dollar General的信心要大得多，而对Target的信心要小得多，因为他们何时会看到更好的库存和更好的利润率，”Link表示.
Dollar General fell from around $255 per share to nearly $230 per share following its quarterly results. Link called it an "absolute overreaction."
在公布季度业绩后，Dollow General从每股255美元左右跌至近230美元。林克称这是“绝对的过度反应”。
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TGT, DG Price Action: Target shares are down close to 33% year-to-date, while Dollar General shares are slightly positive for the year.
TGT、DG价格行动：今年到目前为止，Target股价下跌了近33%，而Dollar General的股价今年略有上涨。
At time of publication, Target was down 5.62% at $154.93 and Dollar General was up 0.74% at $245.91, according to Benzinga Pro.
根据Benzinga Pro的数据，截至发稿时，塔吉特下跌5.62%，至154.93美元，美元通用上涨0.74%，至245.91美元。
Photo: Courtesy of Target.
图片来源：塔吉特提供。
译文内容由第三方软件翻译。