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Target's Margins Could Be Hit By Student Loan Payment Resumption, Says Analyst

Target's Margins Could Be Hit By Student Loan Payment Resumption, Says Analyst

分析师表示,恢复学生贷款还款可能会打击塔吉特的利润率
Benzinga ·  2023/06/06 04:30

Shares of Target Corp (NYSE:TGT) tanked in early trading on Monday, continuing their downward trajectory after a customer backlash and calls for a social media boycott.

的股份 塔吉特公司 纽约证券交易所代码:TGT)在周一早盘交易中暴跌,在客户强烈反对并呼吁抵制社交媒体之后,继续下跌趋势。

While Target's long-term margin recovery story remains intact, the company could face increasing consumer headwinds over the next 12 to 18 months, including student loan payments, according to KeyBanc Capital Markets.

根据KeyBanc Capital Markets的数据,尽管塔吉特的长期利润率复苏故事完好无损,但该公司在未来12至18个月内可能面临越来越多的消费者阻力,包括学生贷款的支付。

The Target Analyst: Bradley Thomas downgraded the rating for Target from Overweight to Sector Weight.

目标分析师: 布拉德利·托马斯将塔吉特的评级从增持下调至行业权重。

The Target Thesis: The approval to raise the government's debt ceiling is accompanied by a policy change to resume student loan payments after Aug. 30, which could be a "sizable headwind" for discretionary spending, "particularly for the 2023 back-to-school and Holiday Season," Thomas said in the downgrade note.

目标论文: 托马斯在降级报告中说,在批准提高政府债务上限的同时,还修改了在8月30日之后恢复学生贷款还款的政策,这对于可自由支配支出来说可能是一个 “相当大的阻力”,“尤其是在2023年返校和假日季”。

Check out other analyst stock ratings.

查看其他分析师股票评级。

"Ultimately, we believe this presents TGT with additional downside risk due to the retailer's elevated discretionary sales mix (51.2% in 2022) and core consumer demographic (younger, college educated)," the analyst wrote.

这位分析师写道:“归根结底,我们认为这给TGT带来了额外的下行风险,这是由于零售商的全权销售结构(2022年为51.2%)和核心消费者群体(年轻,受过大学教育)的增加。”

The consensus estimates appear "too high" in view of these emerging headwinds, Thomas stated. "Given the recent selloff in shares, we believe NT downside may be limited, but we see the growing risk of student loan payments as likely pushing out the margin recovery story at least another year," he added.

托马斯说,鉴于这些新出现的不利因素,共识估计似乎 “过高”。他补充说:“鉴于最近股票的抛售,我们认为新台币的下行空间可能有限,但我们认为学生贷款还款风险的增加可能至少将利润率复苏的故事推迟一年。”

TGT Price Action: Shares of Target had declined by 1.97% to $130.60 at the time of publishing Monday.

TGT 价格走势: 周一发布时,塔吉特的股价下跌了1.97%,至130.60美元。

Photo: Shutterstock

照片:Shutterstock

译文内容由第三方软件翻译。


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