Moretus研究公司方法论 - 专注于为寻求清晰度、确信度和超额收益的严肃投资者提供买方质量的股票研究 [1] - 研究覆盖范围倾向于被低估且经历结构性变化或暂时性错位的公司 通过冷静分析和变异认知可能带来不对称回报 [1] - 采用结构化、可重复的框架识别具有持久商业模式、现金流潜力被错误定价和明智资本配置的公司 [1] - 估值基于务实、与行业相关的倍数 根据每家公司的商业模式和资本结构量身定制 强调可比性、简单性和相关性 [1] - 结合严格的基本面分析和高信号、判断驱动的流程 摒弃噪音、叙事和过度复杂的预测 [1] - 所有工作体现对资本、纪律和长期复利的深刻尊重 [1] - 旨在提高独立投资研究的标准 提供专业级见解、可操作的估值和现代股票分析中真正重要因素的强大过滤器 [1] 研究覆盖特点 - 主要聚焦美国公开市场 [1] - 建立在机构标准基础上 [1] - 研究覆盖偏好处于结构性变化或暂时性错配情境下的公司 [1]

The VanEck Gold Miners ETF ( GDX ) notched a fresh multi-year high to jump-start June. Shares of the gold mining equity fund have been hot so far in 2025, up by more than 50%. Its largest component, Agnico Eagle Mines (Freelance Financial Writer | Investments | Markets | Personal Finance | RetirementI create written content used in various formats including articles, blogs, emails, and social media for financial advisors and investment firms in a cost-efficient way. My passion is putting a narrative to fina ...

Organization's 6,000-genome effort will power global ALS research through detailed long-read sequencing data made freely available to scientists worldwide NEW YORK and MENLO PARK, Calif., June 2, 2025 /PRNewswire/ -- Target ALS, a nonprofit breaking down barriers to amyotrophic lateral sclerosis (ALS) research, has partnered with PacBio (Nasdaq: PACB), a leading provider of high-quality, highly accurate long read sequencing platforms, to launch the largest global whole genome sequencing initiative for ALS t ...

About this content About Angela Harmantas Angela Harmantas is an Editor at Proactive. She has over 15 years of experience covering the equity markets in North America, with a particular focus on junior resource stocks. Angela has reported from numerous countries around the world, including Canada, the US, Australia, Brazil, Ghana, and South Africa for leading trade publications. Previously, she worked in investor relations and led the foreign direct investment program in Canada for the Swedish government ...

分析师背景 - 拥有10年以上公司研究经验 深入分析超过1000家公司 涵盖大宗商品(石油 天然气 黄金 铜) 科技公司(谷歌 诺基亚)及新兴市场股票 [2] - 过去3年运营个人博客 后转型价值投资类YouTube频道 已研究数百家公司 [2] - 擅长金属与矿业股分析 同时熟悉可选消费/必需消费品 REITs及公用事业等行业 [2] 内容属性 - 研究内容基于独立观点 未持有相关公司股票或衍生品头寸 未来72小时无交易计划 [3] - 研究产出未获得除Seeking Alpha平台外的其他报酬 与所提及公司无商业往来 [3] 平台说明 - 分析师包含专业投资者与个人投资者 部分未取得监管机构认证资质 [4]

收入和利润（同比环比） - GAAP摊薄每股收益为2.27美元，调整后摊薄每股收益为1.30美元，较去年同期的2.03美元下降35.9%[56] - 净销售额为238亿美元，较去年同期下降2.8%，可比销售额下降3.8%，其中可比门店销售额下降5.7%，可比数字渠道销售额增长4.7%[61] - 营业利润为14.72亿美元，较去年同期的12.96亿美元增长13.6%，营业利润率为6.2%，高于去年同期的5.3%[62] - 2025年第一季度净利润为10.36亿美元，较2024年同期的9.42亿美元增长10.0%，EBIT为14.98亿美元，增长13.0%，EBITDA为22.85亿美元，增长11.9%[84] 成本和费用（同比环比） - 毛利润率为28.2%，低于去年同期的28.8%，SG&A费用率为19.3%，低于去年同期的21.0%[62] - 净利息支出为1.16亿美元，高于去年同期的1.06亿美元，主要由于利息收入减少[77] - 有效所得税税率为25.0%，高于去年同期的22.7%，主要由于本年度与股份支付相关的离散税务费用[78] 各条业务线表现 - 目标圈卡渗透率为17.4%，低于去年同期的18.0%[70] 其他财务数据 - 截至2025年5月3日，门店数量为1981家，较去年同期的1963家增加18家[75] - 过去12个月，截至2025年5月3日的税后投资资本回报率为15.1%，较2024年的15.4%略有下降，其中2025年受互换费和解税后净收益影响提升1.4个百分点[87][88] - 截至2025年5月3日、2月1日和2024年5月4日，公司现金及现金等价物余额分别为29亿美元、48亿美元和36亿美元，其中短期投资分别为20亿美元、39亿美元和27亿美元[90] - 2025年第一季度经营活动产生的现金流量为3亿美元，低于2024年同期的11亿美元，主要受销售下降、库存增加和应付账款杠杆降低影响[91] - 截至2025年5月3日，公司库存为130亿美元，高于2月1日的127亿美元和2024年5月4日的117亿美元，主要因核心商品销售低于预期[92] - 2025年第一季度投资活动所需现金增加至8亿美元，高于2024年同期的7亿美元，因资本投资增加[93] - 2025年第一季度支付股息总额为5.1亿美元（每股1.12美元），较2024年同期的5.08亿美元（每股1.10美元）每股增长1.8%[94] - 2025年第一季度公司斥资2.51亿美元回购股份[95] - 2025年3月公司发行10亿美元债务，4月偿还15亿美元债务[98] - 截至2025年5月3日，公司长期债务和商业票据信用评级分别为穆迪A2、标普A、惠誉A和穆迪P - 1、标普A - 1、惠誉F1[97] 其他没有覆盖的重要内容 - 约一半商品直接或间接从美国以外采购，中国是最大进口商品来源国[59]

Investors and traders got a good laugh last week when Target’s CEO Brian Cornell suggested that a lousy quarter was partly the result of a consumer backlash against the retailer for rolling back its DEI efforts, On The Money has learned.DEI, or Diversity Equity and Inclusion, is a management philosophy that says pure merit-based hiring is overrated. Instead, companies must tailor their workforces to match an intersectional matrix — skills be damned. DEI also holds sway over ads, marketing and other corporat ...

Is Target Blaming Boycotts For Its Slump?gettyThe country’s seventh largest retailer has been the bullseye for grassroots consumer boycotts, but the real cause of its woes is in the c-suite.For a moment there, at the onset of the COVID-19 quarantine, Target seemed to be riding high on a wave of innovation that broke out when retailers of every stripe and category had to scramble to save their businesses from a global catastrophe. As we reported here in 2021, Target managed a rapid roll-out of an experimenta ...

Target TodayTGTTarget$95.94 -1.05 (-1.08%) 52-Week Range$87.35▼$167.40Dividend Yield4.67%P/E Ratio10.17Price Target$116.68Add to WatchlistTarget Corporation NYSE: TGT investors find themselves stuck at a crossroads. The retailer's stock, trading around $96.00 in late May 2025, has seen a decline of approximately 28% year-to-date, reflecting market concerns following the release of the first-quarter 2025 financial update. However, Target is not standing still. Instead, they are ramping up the pace. The comp ...

Tesla's Q2 could be one for the record books, if past is precedentTesla Inc (NASDAQ:TSLA) stock has been a tale of two quarters to start the year. The electric vehicle (EV) giant kicked off 2025 with a 35.8% drawdown, but has gotten off the mat for the second quarter, up nearly 40%. The torrid rally could have legs, with TSLA entering a historically bullish month. Over the past 10 years, Tesla stock has been the best S&P 500 Index (SPX) member to own in the month of June, per Schaeffer's Senior Quantitative ...