Costco Back To Top Pick Status At Oppenheimer Amidst Positive Retail Projections
Costco Back To Top Pick Status At Oppenheimer Amidst Positive Retail Projections
在積極的零售預測中，好市多重返奧本海默的首選地位
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- Oppenheimer analyst Rupesh Parikh reiterated an Outperform rating on the shares of Costco Wholesale Corporation (NASDAQ:COST) and raised the price target from $550 to $575.
- The analyst added back Costco to top pick status after removing it from the list in November on concerns over aggressive Street forecasts and lingering discretionary big-ticket headwinds.
- Given the pullback in shares since then, the company's better-than-expected delivery of bottom-line profitability on a sub 4% comparable sales, and more muted buyside N-T comp expectations, the analyst sees an improved nearer-term outlook for outperformance.
- The improvement includes potential money flows amidst challenges at many discretionary retailers lately, added the analyst.
- In the analyst's view, a membership fee increase and a special dividend still likely represent potential positive catalysts down the road.
- U.S. adjusted comparable sales increased 1.7% in May with four-year adjusted U.S. comparable trends at 36.1% versus +35.9% in April and +37.0% in March.
- The analyst moves even more defensive with the top pick ranking in an increasingly difficult U.S. retail backdrop
- The updated top picks include Church & Dwight Co Inc (NYSE:CHD), Chewy Inc (NYSE:CHWY), COST, Prestige Consumer Healthcare Inc. (NYSE:PBH), Ulta Beauty Inc (NASDAQ:ULTA), and Walmart Inc (NYSE:WMT).
- Price Action: COST shares are trading higher by 0.79% at $516.62 on the last check Monday.
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- Oppenheimer analyst Rupesh Parikh reiterated an Outperform rating on the shares of Costco Wholesale Corporation (NASDAQ:COST) and raised the price target from $550 to $575.
- The analyst added back Costco to top pick status after removing it from the list in November on concerns over aggressive Street forecasts and lingering discretionary big-ticket headwinds.
- Given the pullback in shares since then, the company's better-than-expected delivery of bottom-line profitability on a sub 4% comparable sales, and more muted buyside N-T comp expectations, the analyst sees an improved nearer-term outlook for outperformance.
- The improvement includes potential money flows amidst challenges at many discretionary retailers lately, added the analyst.
- In the analyst's view, a membership fee increase and a special dividend still likely represent potential positive catalysts down the road.
- U.S. adjusted comparable sales increased 1.7% in May with four-year adjusted U.S. comparable trends at 36.1% versus +35.9% in April and +37.0% in March.
- The analyst moves even more defensive with the top pick ranking in an increasingly difficult U.S. retail backdrop
- The updated top picks include Church & Dwight Co Inc (NYSE:CHD), Chewy Inc (NYSE:CHWY), COST, Prestige Consumer Healthcare Inc. (NYSE:PBH), Ulta Beauty Inc (NASDAQ:ULTA), and Walmart Inc (NYSE:WMT).
- Price Action: COST shares are trading higher by 0.79% at $516.62 on the last check Monday.
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- 奧本海默 分析師魯佩什·帕裏克重申了對以下股票的跑贏大盤評級 好市多批發公司 （納斯達克股票代碼：COST）並將目標價從550美元上調至575美元。
- 由於擔心華爾街的激進預測和揮之不去的大宗不利因素，這位分析師在11月將好市多從名單中刪除，將好市多重新列爲首選地位。
- 鑑於此後股價回調，該公司在可比銷售額低於4％的基礎上實現的利潤好於預期，以及買方N-T競爭預期更加低迷，分析師認爲短期內跑贏大盤的前景有所改善。
- 這位分析師補充說，這種改善包括在許多非全權零售商最近面臨挑戰的情況下潛在的資金流。
- 分析師認爲，增加會費和特別股息仍可能是未來的潛在積極催化劑。
- 美國調整後的可比銷售額在5月份增長了1.7％，四年調整後的美國可比趨勢爲36.1％，而4月份爲+35.9％，3月爲+ 37.0％。
- 在日益困難的美國零售背景下，這位分析師採取了更具防禦性的舉動，首選排名靠前
- 更新的熱門精選包括 Church & Dwight Co Inc （紐約證券交易所：CHD）， Chewy Inc （紐約證券交易所：CHWY），成本， Prestige 消費者醫療保健公司 （紐約證券交易所：PBH）， Ulta Beaut （納斯達克股票代碼：ULTA），以及 沃爾瑪公司 （紐約證券交易所：WMT）。
- 價格走勢：在週一的最後一張支票上，COST股價上漲了0.79％，至516.62美元。
譯文內容由第三人軟體翻譯。
以上內容僅用作資訊或教育之目的，不構成與富途相關的任何投資建議。富途竭力但無法保證上述全部內容的真實性、準確性和原創性。
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我知道了
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