Costco Wholesale Corp (NASDAQ:COST) shares are moving Thursday after the company reported sales results for September. Multiple analysts raised price targets on the membership-based retailer's stock following the sales update.
What Happened: Costco reported net sales of $24.62 billion for the retail month of September (the five week-period ended Oct. 6), representing 9% growth on a year-over-year basis. Costco announced it was raising the price of its annual store membership by $5 in July. The membership fee increase went into effect on Sept. 1.
Total comparable sales climbed 6.7% year-over-year. U.S. comps were up 6.5%, comparable sales in Canada were up 5.7% and the Other International category saw 8.5% comparable sales growth. E-commerce comps jumped 22.9% year-over-year. Excluding the impacts from changes in gas prices and foreign exchange, total comparable sales were up 8.9%.
Costco said September sales benefitted by approximately 2% in the U.S. and 1.5% globally due to increased sales in the final week of the month driven by "abnormal consumer activity associated with Hurricane Helene and port strikes."
Following the sales update, Stifel analyst Mark Astrachan maintained Costco with a Buy rating and raised the price target from $925 to $935. Evercore ISI Group maintained an Outperform rating on Thursday and raised its price target from $985 to $990. Oppenheimer also maintained an Outperform and raised the price target from $955 to $980.
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Costco reported fourth-quarter financial results at the end of September. Total revenue of $79.697 billion missed consensus estimates of $79.973 billion, but earnings per share of $5.29 topped analyst estimates of $5.08. Total comparable sales were up 5.4% in the fourth quarter.
Truist analyst Scot Ciccarelli raised earnings estimates for fiscal 2025 and 2026 following Costco's quarterly results.
"Costco's stacked growth continues to be the strongest/most consistent in our coverage," the Truist analyst said.
COST Price Action: Costco shares are up approximately 37% year-to-date. The stock initially traded higher on the news before pulling back and turning negative. Costco shares were down 1.26% at $897.65 at the time of publication, according to Benzinga Pro.
Photo: Shutterstock.
好市多批发公司（纳斯达克股票代码：COST）周四股价上涨，此前该公司公布了9月份的销售业绩。销售更新发布后，多位分析师提高了这家会员制零售商股票的目标股价。
发生了什么：好市多报告称，9月零售月（截至10月6日的五周期）净销售额为246.2亿美元，同比增长9％。好市多宣布将在7月份将其年度门店会员价格提高5美元。会员费上调于9月1日生效。
可比总销售额同比增长6.7％。美国的销售额增长了6.5％，加拿大的可比销售额增长了5.7％，其他国际类别的可比销售增长了8.5％。电子商务业绩同比增长22.9％。不包括天然气价格和外汇变动的影响，可比销售总额增长了8.9％。
好市多表示，由于 “与海伦飓风和港口罢工相关的异常消费者活动” 推动了本月最后一周的销售增长，美国9月份的销售额增长了约2％，全球增长了1.5％。
销售最新情况公布后，Stifel分析师马克·阿斯特拉坎维持了好市多的买入评级，并将目标股价从925美元上调至935美元。Evercore ISI集团周四维持跑赢大盘的评级，并将其目标股价从985美元上调至990美元。奥本海默还维持跑赢大盘，并将目标股价从955美元上调至980美元。
千万不要错过：玛乔丽·泰勒·格林通过人工智能曝光增加股票投资组合，买入摩根大通和这只热门的科技巨头股票：以下是国会女议员的最新交易
好市多在9月底公布了第四季度财务业绩。总收入为796.97亿美元，未达到共识预期的799.73亿美元，但每股收益为5.29美元，超过了分析师预期的5.08美元。第四季度可比销售总额增长了5.4％。
根据好市多的季度业绩，Truist分析师斯科特·西卡雷利上调了2025年和2026财年的收益预期。
Truist分析师表示：“好市多的累积增长仍然是我们报道中最强劲/最稳定的增长。”
成本价格走势：Costco的股价今年迄今已上涨约37％。该股最初因新闻而上涨，然后回落并转为负值。根据Benzinga Pro的数据，在发布之时，好市多股价下跌1.26％，至897.65美元。
照片：Shutterstock。
