On Oct 01, major Wall Street analysts update their ratings for $Costco (COST.US)$, with price targets ranging from $975 to $1,050.
Jefferies analyst Corey Tarlowe maintains with a buy rating, and maintains the target price at $1,050.
Evercore analyst Greg Melich maintains with a buy rating, and maintains the target price at $985.
TD Cowen analyst Oliver Chen maintains with a buy rating, and adjusts the target price from $925 to $975.
D.A. Davidson analyst Michael Baker maintains with a hold rating.
Furthermore, according to the comprehensive report, the opinions of $Costco (COST.US)$'s main analysts recently are as follows:
The company has reported another robust quarter, showcasing stable underlying trends, advancements in e-commerce coupled with enhanced profitability, and solid trends in membership. There is an anticipation that the company's momentum will be sustained.
The notable increase in U.S. traffic by 5.6% and a gross margin improvement of 44 basis points reflect positively on Costco's emphasis on value, enhancement of product offerings, and appeal to a younger demographic. The company has also benefited from the positive effects of digital expansion and fuel operations on its gross margins, which have helped to balance out investments in administrative expenses and employee wages.
Costco has demonstrated robust underlying earnings for Q4, with gross margins and comparable sales slightly surpassing expectations, coupled with a steady 6% rise in global customer traffic. Despite above-average EPS growth projections for FY24, there is a more cautious forecast for the following years due to the company's pattern of reinvesting member fee income hikes. Nonetheless, the positive trajectory of e-commerce growth is noted, and the valuation of the stock is considered to remain appealing.
The company has reported robust fiscal Q4 results with EBIT slightly surpassing the consensus. A 6.9% comparable store sales growth, alongside a marginal year-over-year expansion in core-on-core gross margin, has led to approximately 13% growth in earnings per share, indicating the robustness of the company's business model. It is anticipated that the recent increase in membership fees will be primarily reinvested, which is expected to further support sales, comparable store sales, and traffic growth over the forthcoming 12 to 18 months. Consequently, earnings per share estimates for FY25-FY26 have been modestly increased post-report.
The firm maintains a positive outlook on Costco following a Q4 earnings report that surpassed expectations. The firm recognizes significant value in driving customer traffic to shopping clubs and notes that there has been no substantial shift in membership renewal rates even with the recent fee hike. Additionally, Costco's e-commerce platform shows robust growth, with a notable 20% rise on a core basis, particularly in segments like appliances and home furnishings, which are believed to be approaching a cyclical low point.
Here are the latest investment ratings and price targets for $Costco (COST.US)$ from 4 analysts:
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美東時間10月1日，多家華爾街大行更新了$好市多 (COST.US)$的評級，目標價介於975美元至1,050美元。
富瑞集團分析師Corey Tarlowe維持買入評級，維持目標價1,050美元。
Evercore分析師Greg Melich維持買入評級，維持目標價985美元。
TD Cowen分析師Oliver Chen維持買入評級，並將目標價從925美元上調至975美元。
戴維森信託分析師Michael Baker維持持有評級。
此外，綜合報道，$好市多 (COST.US)$近期主要分析師觀點如下：
該公司報告了又一個強勁的季度，顯示出穩定的潛在趨勢、電子商務的進步、盈利能力的提高以及會員人數的穩健趨勢。預計該公司的勢頭將保持不變。
美國流量顯著增長了5.6％，毛利率提高了44個點子，這積極反映了好市多對價值、增強產品供應和吸引年輕人群的重視。該公司還受益於數字化擴張和推動運營對其毛利率的積極影響，這有助於平衡管理費用和員工工資方面的投資。
Costco在第四季度表現出強勁的基礎收益，毛利率和可比銷售額略超預期，全球客戶流量穩步增長6％。儘管對24財年的每股收益增長預測高於平均水平，但由於該公司對會員費收入增加進行再投資的模式，對未來幾年的預測更爲謹慎。儘管如此，人們注意到電子商務的積極增長軌跡，該股的估值被認爲仍然具有吸引力。
該公司公佈了強勁的第四財季業績，息稅前利潤略高於市場預期。可比門店銷售增長6.9％，核心毛利率同比略有增長，使每股收益增長了約13％，這表明了公司商業模式的穩健性。預計最近增加的會員費將主要用於再投資，這有望在未來12至18個月內進一步支持銷售、同類門店銷售和流量增長。因此，報告發布後，FY25-FY26 的每股收益估計略有增加。
在第四季度收益報告超出預期之後，該公司對Costco保持樂觀的前景。該公司認識到增加購物俱樂部客戶流量的巨大價值，並指出，即使最近費用上漲，會員續訂率也沒有實質性變化。此外，Costco的電子商務平台顯示出強勁的增長，核心業務增長了20％，尤其是在電器和家居用品等細分市場，據信這些細分市場已接近週期性低點。
以下爲今日4位分析師對$好市多 (COST.US)$的最新投資評級及目標價：
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