<p><img src="https://imageproxy.pbkrs.com/https://images.unsplash.com/photo-1615557854978-2eac0cd47b0d/query-YXV0bz1mb3JtYXQmZml0PWNyb3AmaXhpZD1NWHd4TWpBM2ZEQjhNSHh3YUc5MGJ5MXdZV2RsZkh4OGZHVnVmREI4Zkh3PSZpeGxpYj1yYi0xLjIuMSZxPTgwJnc9MTAwMA?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://images.unsplash.com/photo-1615557854978-2eac0cd47b0d/query-YXV0bz1mb3JtYXQmZml0PWNyb3AmaXhpZD1NWHd4TWpBM2ZEQjhNSHh3YUc5MGJ5MXdZV2RsZkh4OGZHVnVmREI4Zkh3PSZpeGxpYj1yYi0xLjIuMSZxPTgwJnc9MTAwMA"/></p>
<p><em>图片来源：Unsplash</em></p>
<p>塔吉特（Target，TGT）计划在 11 月 19 日星期三市场开盘前公布其第三季度业绩。公司将在东部时间上午 8:00 召开财报电话会议。关注要点：</p>
<p><strong>指引：</strong> 在 8 月份，塔吉特重申了其 2025 财年的指引，预计调整后的每股收益为 7.00 美元至 9.00 美元，收入将下降低个位数。分析师目前预计每股收益为 7.27 美元，2025 财年收入为 1049.3 亿美元。</p>
<p>摩根大通下调了第三季度同店销售预测，并预计零售财报季将 “相当混合”。摩根大通预计塔吉特将下调其先前的指引，并暗示第四季度将出现负的低个位数同店销售。</p>
<p><strong>首席执行官接任：</strong> 在第二季度财报发布时，塔吉特宣布首席运营官迈克尔·菲德尔克（Michael Fiddelke）将接替布莱恩·康奈尔（Brian Cornell）担任首席执行官，康奈尔将转任董事会执行主席。任命将于 2026 年 2 月 1 日生效。康奈尔表示：“董事会一致决定任命迈克尔·菲德尔克为塔吉特的新首席执行官，我想表达我对他的领导能力的充分信任，并专注于推动改善业绩和可持续增长。他在变革时期做出了重要贡献，并在建立将继续推动塔吉特前进的差异化能力方面发挥了关键作用。迈克尔对我们的业务有深刻的理解，并真诚致力于加速我们的进展。”</p>
<p><strong>裁员：</strong> 塔吉特表示将裁员约 1000 名企业员工，并削减 800 个空缺职位。新任首席执行官迈克尔·菲德尔克在给员工的备忘录中表示：“事实是，我们随着时间的推移所创造的复杂性一直在拖累我们。过多的层级和重叠的工作减缓了决策，使得将想法付诸实践变得更加困难。” 裁员通知员工时出现了技术故障，通话音频短暂失效。彭博社指出，这一故障是塔吉特近十年来首次重大重组过程中一系列沟通问题中的最新一起。</p>
<p>公司在商品、营销等多个方面出现失误，负面影响了消费者的印象和体验，Truist 认为塔吉特需要加快商品创新，并大幅加大投资支出，分析师在研究报告中告诉投资者。</p>
<p><strong>‘冲击名单’：</strong> DA Davidson 在 10 月份将该股票加入其 “冲击名单”，并指出 “股权/债务再融资” 可能成为催化剂。该股票自疫情高峰以来下跌约 65%，年初至今下跌 34%，目前交易价格仅为前瞻性共识估计的 11.5 倍，远低于历史平均水平，分析师在研究报告中告诉投资者。在杠杆收购的可能性下，收购方需要在未来五年内实现每年 2.8% 的 EBITDA 美元增长，以产生所需的 25% 的五年内部收益率，尽管塔吉特的基本面仍然面临挑战，但由于指引暗示了更好的趋势，利润率似乎正在趋于平稳，该公司补充道。</p>
<hr/>
<p><em>更多来自此作者的内容：</em></p>
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<p>华尔街本周十大股票推荐 - 11 月 8 日星期六</p>

塔吉特

<p>华尔街专家正在分析塔吉特即将发布的第三季度财报，计划于 11 月 19 日公布。关键点包括塔吉特 2025 财年的指引、预期每股收益和收入。摩根大通预测零售业财报将出现混合表现，并可能下调指引。首席执行官接班和裁员问题也被提及，迈克尔·菲德尔克（Michael Fiddelke）预计将在 2026 年成为首席执行官。DA Davidson 将塔吉特加入其 “冲刺名单”，指出可能进行股权/债务再资本化。该股票大幅下跌，交易价格低于历史平均水平，基本面面临挑战，但利润率趋于平稳</p>

<p><img src="https://imageproxy.pbkrs.com/https://images.unsplash.com/photo-1615557854978-2eac0cd47b0d/query-YXV0bz1mb3JtYXQmZml0PWNyb3AmaXhpZD1NWHd4TWpBM2ZEQjhNSHh3YUc5MGJ5MXdZV2RsZkh4OGZHVnVmREI4Zkh3PSZpeGxpYj1yYi0xLjIuMSZxPTgwJnc9MTAwMA" alt="" original-src="https://images.unsplash.com/photo-1615557854978-2eac0cd47b0d?ixid=MXwxMjA3fDB8MHxwaG90by1wYWdlfHx8fGVufDB8fHw%3D&amp;ixlib=rb-1.2.1&amp;auto=format&amp;fit=crop&amp;w=1000&amp;q=80"/></p>
<p><em>Image Source: Unsplash</em></p>
<div class="lb-trans"><p><em>图片来源：Unsplash</em></p>
</div><p>Target (TGT) is scheduled to report results of its third quarter before the market open on Wednesday, November 19. The company will host earnings conference call at 8:00 am EST. What to watch for:</p>
<div class="lb-trans"><p>塔吉特（Target，TGT）计划在 11 月 19 日星期三市场开盘前公布其第三季度业绩。公司将在东部时间上午 8:00 召开财报电话会议。关注要点：</p>
</div><p><strong>GUIDANCE:</strong> In August, Target backed its fiscal 2025 guidance calling for adjusted earnings per share of $7.00-$9.00 on revenue down low-single digits. Analysts currently expect $7.27 for EPS and $104.93B in revenue for the fiscal year.</p>
<div class="lb-trans"><p><strong>指引：</strong> 在 8 月份，塔吉特重申了其 2025 财年的指引，预计调整后的每股收益为 7.00 美元至 9.00 美元，收入将下降低个位数。分析师目前预计每股收益为 7.27 美元，2025 财年收入为 1049.3 亿美元。</p>
</div><p>JPMorgan reduced Q3 same-store-sales forecasts and expects the retail earnings season &#34;to be quite mixed.&#34; JPMorgan expects Target to lower its prior guidance and imply negative low-single-digit comps in Q4.</p>
<div class="lb-trans"><p>摩根大通下调了第三季度同店销售预测，并预计零售财报季将 “相当混合”。摩根大通预计塔吉特将下调其先前的指引，并暗示第四季度将出现负的低个位数同店销售。</p>
</div><p><strong>CEO SUCCESSION:</strong> In conjunction with the Q2 earnings report, Target announced that COO Michael Fiddelke would succeed Brian Cornell as CEO, with Cornell transitionining to the role of executive chair of the board of directors. The appointments are effective February 1, 2026. &#34;With the board's unanimous decision to appoint Michael Fiddelke as Target's next CEO, I want to express my full confidence in his leadership and focus on driving improved results and sustainable growth. He's contributed meaningfully during times of change and played a critical role in establishing the differentiated capabilities that will continue to drive Target forward. Michael brings a deep understanding of our business and a genuine commitment to accelerating our progress,&#34; said Cornell said.</p>
<div class="lb-trans"><p><strong>首席执行官接任：</strong> 在第二季度财报发布时，塔吉特宣布首席运营官迈克尔·菲德尔克（Michael Fiddelke）将接替布莱恩·康奈尔（Brian Cornell）担任首席执行官，康奈尔将转任董事会执行主席。任命将于 2026 年 2 月 1 日生效。康奈尔表示：“董事会一致决定任命迈克尔·菲德尔克为塔吉特的新首席执行官，我想表达我对他的领导能力的充分信任，并专注于推动改善业绩和可持续增长。他在变革时期做出了重要贡献，并在建立将继续推动塔吉特前进的差异化能力方面发挥了关键作用。迈克尔对我们的业务有深刻的理解，并真诚致力于加速我们的进展。”</p>
</div><p><strong>JOB CUTS:</strong> Target is laying off around 1,000 corporate employees and cut 800 open roles, the company said. &#34;The truth is, the complexity we've created over time has been holding us back. Too many layers and overlapping work have slowed decisions, making it harder to bring ideas to life,&#34; said incoming CEO Michael Fiddelke in a memo to staff. The layoff announcement to employees were marred by a technical glitch, during which the call's audio briefly failed. The glitch was the latest in a string of communication issues during Target's first major restructuring in nearly a decade, Bloomberg noted.</p>
<div class="lb-trans"><p><strong>裁员：</strong> 塔吉特表示将裁员约 1000 名企业员工，并削减 800 个空缺职位。新任首席执行官迈克尔·菲德尔克在给员工的备忘录中表示：“事实是，我们随着时间的推移所创造的复杂性一直在拖累我们。过多的层级和重叠的工作减缓了决策，使得将想法付诸实践变得更加困难。” 裁员通知员工时出现了技术故障，通话音频短暂失效。彭博社指出，这一故障是塔吉特近十年来首次重大重组过程中一系列沟通问题中的最新一起。</p>
</div><p>The company hurt itself with multiple missteps in merchandising, marketing, etc., negatively impacting consumer impressions and experiences, and Truist believes that Target needs to accelerate its merchandise innovation and materially accelerate its investment spending, the analyst told investors in a research note.</p>
<div class="lb-trans"><p>公司在商品、营销等多个方面出现失误，负面影响了消费者的印象和体验，Truist 认为塔吉特需要加快商品创新，并大幅加大投资支出，分析师在研究报告中告诉投资者。</p>
</div><p><strong>'STAMPEDE LIST':</strong> DA Davidson in October added the stock to its &#34;Stampede list,&#34; citing &#34;Equity/Debt Recapitalization&#34; as a potential catalyst. The stock is down about 65% from its pandemic era high and down 34% year to date, trading at just 11.5-times forward consensus estimates, which is far below historical averages on an absolute and relative basis, the analyst tells investors in a research note. Under the leveraged buyout possibility, the acquirers would need to drive a 2.8% annual EBITDA dollar increase over the next five years to generate a required 25% five-year IRR, and while fundamentals remain challenged at Target, margins seem to be flattening out as guidance implies a better trend, the firm added.</p>
<div class="lb-trans"><p><strong>‘冲击名单’：</strong> DA Davidson 在 10 月份将该股票加入其 “冲击名单”，并指出 “股权/债务再融资” 可能成为催化剂。该股票自疫情高峰以来下跌约 65%，年初至今下跌 34%，目前交易价格仅为前瞻性共识估计的 11.5 倍，远低于历史平均水平，分析师在研究报告中告诉投资者。在杠杆收购的可能性下，收购方需要在未来五年内实现每年 2.8% 的 EBITDA 美元增长，以产生所需的 25% 的五年内部收益率，尽管塔吉特的基本面仍然面临挑战，但由于指引暗示了更好的趋势，利润率似乎正在趋于平稳，该公司补充道。</p>
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以下是华尔街专家在塔吉特发布财报前的观点