Costco Back To Top Pick Status At Oppenheimer Amidst Positive Retail Projections
Costco Back To Top Pick Status At Oppenheimer Amidst Positive Retail Projections
在积极的零售预测中，好市多重返奥本海默的首选地位
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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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- 奥本海默 分析师鲁佩什·帕里克重申了对以下股票的跑赢大盘评级 好市多批发公司 （纳斯达克股票代码：COST）并将目标价从550美元上调至575美元。
- 由于担心华尔街的激进预测和挥之不去的大宗不利因素，这位分析师在11月将好市多从名单中删除，将好市多重新列为首选地位。
- 鉴于此后股价回调，该公司在可比销售额低于4％的基础上实现的利润好于预期，以及买方N-T竞争预期更加低迷，分析师认为短期内跑赢大盘的前景有所改善。
- 这位分析师补充说，这种改善包括在许多非全权零售商最近面临挑战的情况下潜在的资金流。
- 分析师认为，增加会费和特别股息仍可能是未来的潜在积极催化剂。
- 美国调整后的可比销售额在5月份增长了1.7％，四年调整后的美国可比趋势为36.1％，而4月份为+35.9％，3月为+ 37.0％。
- 在日益困难的美国零售背景下，这位分析师采取了更具防御性的举动，首选排名靠前
- 更新的热门精选包括 Church & Dwight Co Inc （纽约证券交易所：CHD）， Chewy Inc （纽约证券交易所：CHWY），成本， Prestige 消费者医疗保健公司 （纽约证券交易所：PBH）， Ulta Beaut （纳斯达克股票代码：ULTA），以及 沃尔玛公司 （纽约证券交易所：WMT）。
- 价格走势：在周一的最后一张支票上，COST股价上涨了0.79％，至516.62美元。
译文内容由第三方软件翻译。
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