Costco Had a Great Quarter. Here's What Wall Street Is Saying. -- Barrons.com
Costco Had a Great Quarter. Here's What Wall Street Is Saying. -- Barrons.com
DJ Costco Had a Great Quarter. Here's What Wall Street Is Saying. -- Barrons.com
DJ Costco有一個很棒的季度。以下是華爾街的説法。--Barrons.com
By Teresa Rivas
特蕾莎·裏瓦斯(Teresa Rivas)著
Costco Wholesale stock fell early Friday, even though the discounter reported another strong quarter. That hasn't stopped analysts from singing the stock's praises.
好市多批發(Costco Wholesale)股價週五早盤下跌，儘管該折扣店公佈了又一個強勁的季度業績。但這並沒有阻止分析師對該股大加讚賞。
Costco (ticker: COST) easily sailed past consensus estimates in its fiscal fourth-quarter, reported Thursday, although high expectations and share valuation are weighing on the stock today.
好市多(股票代碼：COST)週四發佈報告稱，其第四財季的業績輕鬆超過市場普遍預期，儘管高預期和股票估值今天令該股承壓。
Still, analysts were quick to applaud the retailer's results, and several raised their price targets. BMO Capital Markets' Kelly Bania reiterated an Outperform rating and raised his target to $385 from $340, writing that she expects "continued momentum for its unique business model, supported by incredible consistency in renewal rates, continued rising executive penetration, and long-term benefits from the current environment."
儘管如此，分析師們很快就對這家零售商的業績表示讚賞，有幾家公司上調了目標價。蒙特利爾銀行資本市場(BMO Capital Markets)的凱莉·巴尼亞(Kelly Bania)重申了表現優於大盤的評級，並將目標從340美元上調至385美元，她寫道，她預計“其獨特的商業模式將繼續保持勢頭，續約率保持令人難以置信的一致性，高管滲透率持續上升，以及當前環境帶來的長期好處。”
Morgan Stanley's Simeon Gutman reiterated an Overweight rating and raised his target to $360 from $330, writing that this is a rare "buy the dip," as Costco will be able to "steadily grind higher regardless of macro/virus outcomes."
摩根士丹利(Morgan Stanley)的西蒙·古特曼(Simeon Gutman)重申了增持評級，並將目標從330美元上調至360美元，他寫道，這是一次罕見的“逢低買入”，因為好市多將能夠“無論宏觀/病毒結果如何，都能穩步走高。”
Raymond James's Bobby Griffin reiterated an Outperform rating and raised his target to $365 from $355. He notes the shares might not look cheap, but they are on the cusp of a multiyear e-commerce and international expansion, and "the value and services Costco offers its members creates a very resilient business model and a compound earnings growth story, justifying the higher valuation."
雷蒙德·詹姆斯(Raymond James)的博比·格里芬(Bobby Griffin)重申了表現優於大盤的評級，並將目標從355美元上調至365美元。他指出，這些股票看起來可能並不便宜，但它們正處於多年電子商務和國際擴張的風口浪尖上，“Costco為其會員提供的價值和服務創造了一種非常有彈性的商業模式和複合收益增長故事，證明瞭更高的估值是合理的。”
RBC Capital Markets' Scot Ciccarelli reiterated an Oupterform rating and raised his target to $412 from $400. "We remain bullish on Costco given its ultralow markup process, massive buying scale, growing e-commerce business and 'value' positioning in what will likely be a more difficult economic environment."
加拿大皇家銀行資本市場(RBC Capital Markets)的Scot Ciccarelli重申了Oupterform評級，並將目標從400美元上調至412美元。“我們仍然看好Costco，因為它的加價過程超低，購買規模龐大，電子商務業務不斷增長，在可能更加困難的經濟環境下進行‘價值’定位。”
Stifel's Mark Astrachan reiterated a Buy rating and raised his target to $380 from $375. He says the stock's "premium multiple [is] justified by strong comp growth, share gains, and a durable and cash-generative business model."
Stifel的Mark Astrachan重申買入評級，並將目標從375美元上調至380美元。他表示，該股的“溢價倍數”[是]強勁的薪酬增長、份額增長，以及持久且能產生現金的商業模式，都證明瞭這一點是合理的。
Telsey Advisory Group's Joseph Feldman reiterated an Outperform rating and raised his target to $390 from $385. "Broadly, we expect Costco to be one of the winners in the 2020 holiday season."
Telly Consulting Group的Joseph Feldman重申了表現優於大盤的評級，並將目標從385美元上調至390美元。“總的來説，我們預計Costco將成為2020年假日季的贏家之一.”
Costco is off 3.1% to $336.40 in recent trading, although the shares are still up more than 16% in 2020. The company has been putting up consistently strong monthly sales throughout the summer, as it's one of a cohort of big essential retailers that has seen the most benefit from the Covid-19 crisis.
好市多在最近的交易中下跌了3.1%，至336.40美元，但其股價在2020年仍上漲了16%以上。整個夏天，該公司的月度銷售額一直保持強勁，因為它是從新冠肺炎危機中受益最大的一批大型必需品零售商之一。
.
.
Write to Teresa Rivas at teresa.rivas@barrons.com
寫信給Teresa Rivas，電子郵件：teresa.rivas@Barrons.com
(END) Dow Jones Newswires
(完)道瓊通訊社
September 25, 2020 11:25 ET (15:25 GMT)
2020年9月25日美國東部時間11：25(格林尼治標準時間15：25)
Copyright (c) 2020 Dow Jones & Company, Inc.
版權所有(C)2020道瓊斯公司。
譯文內容由第三人軟體翻譯。