Costco Wholesale Corp

NASDAQ:COSTUnited States

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• DJ Costco's Valuation Gap Over Grocers Seen as Too Wide -- Market Talk, from 10 minutes ago by Dow Jones

  10 minutes ago by Dow Jones
  Companies Mentioned: WMT, BJ, COST
  
  1042 ET - Costco Wholesale is showing strong share gains, high-return opportunities for reinvestment, unit expansion prospects and gains in young households, but the gap between its valuation and those of its more traditional peers is too wide, Roth MKM analyst Bill Kirk says in a research note. Much is made of the stickiness of the membership model, and while Kirk doesn't disagree, he believes investors don't give enough credit to the stickiness and real estate advantages of conventional grocers. Competitors Sam's Club and BJ's are also increasing their internal investments, meaning the segment's performance and Costco's should converge toward conventional food retail, the analyst says. (dean.seal@wsj.com)
  

• DJ Costco Is Maintained at Equal-Weight by Barclays, from 13 minutes ago by Dow Jones

  13 minutes ago by Dow Jones
  Companies Mentioned: COST
  
  Ratings actions from Benzinga: https://www.benzinga.com/quote/COST/analyst-ratings
  
  (END) Dow Jones Newswires
  
  September 27, 2024 10:40 ET (14:40 GMT)
  

• DJ These Stocks Are Moving the Most Today: Bristol Myers, Costco, EchoStar, Cassava, DJT, Wynn, HP Inc., Acadia Healthcare, and More -- Barrons.com, from 14 minutes ago by Dow Jones

  14 minutes ago by Dow Jones
  Companies Mentioned: HPQ, SAVA, ACHC, BMY, DJT, COST
  
  By Joe Woelfel
  
  Stocks traded mostly higher Friday after the Federal Reserve's preferred inflation measure, the personal consumption expenditures price index, continued to show muted growth in August.
  

• DJ Costco's Fee Increase Didn't Get Significant Membership Reaction -- Market Talk, from 17 minutes ago by Dow Jones

  17 minutes ago by Dow Jones
  Companies Mentioned: COST
  
  1036 ET - Costco Wholesale's recent membership fee increase didn't appear to garner much of a reaction from members, JPMorgan analysts say in a research note. The warehouse club chain raised fees in the U.S. and Canada by $5 for Gold Star members and $10 for Executive members on Sept. 1, the first hike in seven years that broke from the company's typical 5-year price increase cadence as management waited for the impact of the pandemic to slow, according to the note. Management says it hasn't seen a notable reaction to the latest increase, as 4Q renewal rates were relatively unchanged, besides just some lapping of a 2023 discounted membership promotion, the analysts say. (dean.seal@wsj.com)
  

• DJ Costco Holders Should Take Advantage of Stock Pullback -- Market Talk, from 19 minutes ago by Dow Jones

  19 minutes ago by Dow Jones
  Companies Mentioned: COST
  
  1033 ET - Long-term holders of Costco Wholesale stock should take advantage of any profit-taking by other investors this morning, as the wholesale club's shares typically struggle around quarterly prints despite the fact that earnings topped Wall Street expectations in fiscal 4Q, Oppenheimer analysts Rupesh Parikh and Erica Eiler say in a research note. In a mixed backdrop for discretionary spending, Costco continues to deliver steady share gains globally and is expected to keep up that momentum for the balance of the year with superior merchandising efforts and its unique value proposition, the analysts say. Shares fall 1.5%. (dean.seal@wsj.com)