DA Davidson keeps a Neutral rating and $1,000 price target on Costco (COST) after its Q4 results. The company reported another very strong quarter, including 5.7% total comps and 6.4% comps ex. gas price changes and FX, but to the extent that sales were already known due to their monthly reporting, the incremental numbers from the print and call were “mixed” – membership fee income topped estimates but EBIT dollars were “slightly below consensus” and growth “slowed”, the analyst tells investors in a research note. The stock’s “premium valuation” already captures its premium offering, the firm added.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on COST:
- Costco’s valuation ‘doesn’t match decelerating metrics’, says Roth Capital
- Costco’s Strategic Growth and Digital Enhancements Drive Buy Rating
- Costco Stock (COST) Investors Prepare for Seesaw Trade Post-Earnings
- Costco price target lowered to $1,130 from $1,225 at Morgan Stanley
- Costco’s Operational Strengths and Growth Potential Drive Buy Rating Despite Membership Renewal Challenges