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COST

Costco

$231.69

-1.49 (-0.64%)

20:52
10/04/18
10/04
20:52
10/04/18
20:52

Costco 'absorbing inflation' to maximize revenue growth, says Loop Capital

Loop Capital analyst Laura Champine kept her Buy rating and $265 price target on Costco after its Q4 results, saying investors should buy the stock on a dip as she expects gross margin pressure to be short-lived. The analyst notes that the company is willing to absorb inflation by maintaining its low prices, particularly in gasoline, to help maximize revenues. Champine expects the pressure to be resolved, stating that inflation's hit to margins is "historically short term" as the company eventually will "pass on the price increases it cannot offset with sourcing shifts".

  • 04

    Oct

COST Costco
$231.69

-1.49 (-0.64%)

09/17/18
LEHM
09/17/18
DOWNGRADE
Target $240
LEHM
Equal Weight
Costco downgraded to Equal Weight from Overweight at Barclays
Barclays analyst Karen Short downgraded Costco Wholesale (COST) to Equal Weight with an unchanged price target of $240. The analyst cites valuation for the downgrade following the recent rally in the stock. She also downgraded Sprouts Farmers Market (SFM) this morning to Equal Weight for a similar rationale.
09/17/18
09/17/18
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Visa (V) downgraded to Buy from Conviction Buy at Goldman Sachs with analyst James Schneider citing recent share out-performance. 2. Hormel Foods (HRL) downgraded to Market Perform from Outperform at BMO Capital with analyst Kenneth Zaslow citing valuation. 3. Costco (COST) downgraded to Equal Weight from Overweight at Barclays with analyst Karen Short citing valuation. 4. LyondellBasell (LYB) downgraded to Neutral from Buy at Citi with analyst P.J. Juvekar saying the current rise in ethane is likely to persist until Q2 of 2019. 5. Revance (RVNC) downgraded to Market Perform from Outperform at JMP Securities with analyst Donald Ellis citing Botox study data released by Allergan (AGN). This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
09/28/18
CLVD
09/28/18
NO CHANGE
CLVD
Neutral
Costco sales checks look strong in September, says Cleveland Research
Cleveland Research analyst Scott Bender said his checks suggest sales trends have remained strong for Costco in September after a good August. The analyst, who sees upside to Costco's Q4 EPS versus consensus, maintains a Neutral rating on Costco shares.
10/01/18
BARD
10/01/18
NO CHANGE
Target $250
BARD
Outperform
Costco momentum 'robust' and renewal rates are 'inflecting', says Baird
Baird analyst Peter Benedict kept his Outperform rating and $250 price target on on Costco, saying he sees "good support" for the shares ahead of earnings. The analyst notes that while the higher penetration of lower-margin gas sales and "pragmatic price reinvestment" will weigh on gross margins, operating leverage will serve as an offset. Benedict also sees "robust" sales momentum and inflecting renewal rate preserving the stock's position as a "growth staple".

TODAY'S FREE FLY STORIES

CVX

Chevron

$115.99

-1.31 (-1.12%)

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Royal Dutch Shell

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BP

BP

$36.45

-0.41 (-1.11%)

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URBN

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$20.98

0.12 (0.58%)

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SCSC

Scansource

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-0.24 (-0.75%)

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Earnings
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URBN

Urban Outfitters

$20.97

0.11 (0.53%)

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$20.96

0.1 (0.48%)

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  • 20

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URBN

Urban Outfitters

$20.92

0.06 (0.29%)

16:07
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Earnings
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SCSC

Scansource

$31.85

0.06 (0.19%)

16:06
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Earnings
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  • 20

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REI

Ring Energy

$1.66

-0.07 (-4.06%)

16:06
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Earnings
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SYBX

Synlogic

$3.45

-1.37 (-28.42%)

16:06
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Downgrade
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CREE

Cree

$58.36

0.08 (0.14%)

16:03
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Earnings
Cree sees Q1 adjusted EPS (7c)-(3c), consensus 15c »

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  • 20

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MOGO

Mogo Finance

$2.60

(0.00%)

16:03
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CREE

Cree

$58.35

0.07 (0.12%)

16:01
08/20/19
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Earnings
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  • 20

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BCRX

BioCryst

$2.70

0.025 (0.94%)

16:00
08/20/19
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Conference/Events
BioCryst management to meet with JPMorgan »

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Conference/Events
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LZB

La-Z-Boy

$30.73

-1.14 (-3.58%)

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MAS

Masco

$39.07

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ALC

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TSLA

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, WMT

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$112.40

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  • 05

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Jack Henry

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15:19
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Options
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  • 21

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$NSD

NASDAQ Market Internals

$0.00

(0.00%)

15:17
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$NYE

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VTGN

VistaGen Therapeutics

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  • 05

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