Dernières nouvelles pour Costco Wholesale (NASDAQ:COST) Stock

Costco Wholesale

Costco operates a membership-based, no-frills retail model, predicated on offering a select product assortment in bulk quantities at bargain prices. The firm avoids maintaining costly product displays by keeping inventory on pallets and limits distribution expenses by storing its inventory at point of sale in the warehouse. Given Costco's frugal cost structure, the firm is able to price its merchandise below competing retailers, driving high sales volume per warehouse and allowing the retailer to generate strong profits on thin margins. Costco operates over 600 warehouses in the United States and enjoys over 60% market share in the domestic warehouse club industry. Internationally, Costco operates another 270 warehouses, primarily in markets such as Canada, Mexico, Japan, and the UK.

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Goldman Sachs analyst Kate McShane maintains Costco Wholesale (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COST#NASDAQ">COST</a>) with a Buy and raises the price target from $876 to $995.

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COST

Goldman Sachs Maintains Buy on Costco Wholesale, Raises Price Target to $995

Wells Fargo analyst George Kelly maintains Costco Wholesale (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COST#NASDAQ">COST</a>) with a Equal-Weight and raises the price target from $800 to $850.

Wells Fargo Maintains Equal-Weight on Costco Wholesale, Raises Price Target to $850

Telsey Advisory Group analyst Joseph Feldman maintains Costco Wholesale (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COST#NASDAQ">COST</a>) with a Outperform and raises the price target from $925 to $1000.

Telsey Advisory Group Maintains Outperform on Costco Wholesale, Raises Price Target to $1000

On Thursday, Costco Wholesale Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cost#NASDAQ">COST</a>) issued its fiscal fourth quarter earnings. While slightly coming short on revenue, the warehouse retailer&rsquo;s earnings topped Wall Street estimates.
<h3>Fiscal Fourth Quarter Highlights</h3>
For the quarter ended on September 1st, revenue rose just 1% YoY to $79.7 billion, slightly below Bloomberg&rsquo;s estimate of $79.96 billion.
Membership fee revenue ticked up slightly to $1.51 billion. Despite increasing 18.9 YoY, e-commerce sales came short of estimates as growth slowed down from the previous quarter when they exceeded 20% with growth of 20.7% to be exact. Same-store sales grew 5.3% in the U.S. and 5.5% in Canada.
Net income grew 7% YoY to $2.35 billion with adjusted earnings being $5.29 per share, topping Bloomberg&rsquo; estimate of $5.07 per share. Strong customer engagement was reflected in a 6.4% rise in worldwide traffic.&nbsp;
Like its rival, Walmart (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/wmt#NYSE">WMT</a>), Costco is continuously working on enhancing the experience of its shoppers. Like Walmart, Costco is expanding its footprint. With a thriving business model. Both Walmart and Costco have been working on boosting e-commerce sales in attempt to rival Amazon.com (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/amzn#NASDAQ">AMZN</a>), with e-commerce being a significant growth driver for all retailers. But despite efforts, Costco&rsquo;s e-commerce sales growth slowed down. Yet, unlike Walmart, Costco has a special bonus, its subscriptions. It can even be said that what Costco really sells is its memberships as it makes most of its money from them.
<h3>The Impact Of The Membership Fee Hike Is Still Unknown</h3>
This was the first quarter since the warehouse retailer rose its membership fees. While the recent hike did not impact the reported period but going forward, it could drag down Costco&rsquo;s results. On September 1st, Costco rose the price of its Gold Star membership by $5, and of its Executive membership by $10. This is the first time Costco raised its membership fees since 2017, impacting about 52 million memberships, with Executive memberships being a little over half of those. Therefore, Costco expects membership income growth in high single to low double digits. But as for the latest reported quarter, a small revenue miss was more than offset by strong profitability. Overall, Costco showed that while increasingly cautious, consumers are merely distributing as spend without running out of steam.&nbsp;
Unlike Amazon that has a business empire across industries, spanning from e-commerce to the cloud, advertising, in addition to unlocking new opportunities to AI, Costco&rsquo;s only business is retail. But, its business model is reliable and lucrative, and the latest quarter shows it is still working beautifully.&nbsp;
DISCLAIMER: This content is for informational purposes only. It is not intended as investing advice.
This article is from an unpaid external contributor. It does not represent Benzinga&#39;s reporting and has not been edited for content or accuracy.

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Costco's Latest Quarter Shows Its Business Model Continues To Work Beautifully

Costco Wholesale Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COST#NASDAQ">COST</a>) shares were down in early trading on Friday, even after the company reported <a href="https://www.benzinga.com/news/earnings/24/09/41061511/costco-scholastic-and-3-stocks-to-watch-heading-into-friday">upbeat results for its fiscal fourth quarter</a>.
The company reported its results amid an <a href="https://www.benzinga.com/earnings">exciting earnings season</a>. Here are some key analyst takeaways.
<h1 class="wp-block-heading">Truist Securities On Costco Wholesale</h1>
<a href="https://www.benzinga.com/analyst-stock-ratings/analyst/59493ca670ed7a0001097213/scot-ciccarelli">Analyst Scot Ciccarelli</a> reiterated a Hold rating while raising the price target from $873 to $909.
Costco Wholesale delivered strong results for the fourth quarter, backed by robust sales growth, "with total core (ex-fuel/FX) comps of 6.9% and US core comps of 6.3%," Ciccarelli said in a note. "Costco's stacked growth continues to be the strongest/most consistent in our coverage," he added.
With gross margin expansion of 37 basis points (bps) to 12.68%, the company delivered adjusted earnings growth of around 13%, the analyst stated. 
He raised the earnings estimates for fiscal 2025 and 2026 from $17.20 per share to $17.60 per share and from $18.50 per share to $19.25 per share, respectively.
<h1 class="wp-block-heading">BMO Capital Markets On Costco Wholesale</h1>
<a href="https://www.benzinga.com/analyst-stock-ratings/analyst/58d11d39b85e93000188d7a0/kelly-bania">Analyst Kelly Bania</a> maintained an Outperform rating while lifting the price target from $950 to $980.
Costco reported earnings of $5.29 per share for the fourth quarter, beating consensus of $5.08 per share, Bania said. Although the underlying earnings was $5.15 per share, this represents 12.7% growth, which brings the fiscal 2024 growth higher than the average of the past 10 years, he added.
The company achieved strong EBIT margin expansion in the year, of 30bps, the analyst stated. "We conservatively model 8%-9% EPS growth over the next five years, assuming COST reinvests the recent MFI (membership fee income) increase into value/GM%," he further wrote.
<h1 class="wp-block-heading">DA Davidson On Costco Wholesale</h1>
<a href="https://drupal-cloudfront.benzinga.com/topic/michael-baker">Analyst Michael Baker</a> reaffirmed a Neutral rating while raising the price target from $780 to $880.
The focus of Costco's earnings release was on membership fee income (MFI) and gross margins, Baker said. "MFI was a bit below consensus, although growth remains solid, while gross margins were better than expected," he wrote.
Costco's offering "continues to resonate with consumers," the analyst stated. He added, however, that the company's full-year earnings of $16.56 per share was only 90 cents or 5.7% "ahead of the consensus forecast a year ago, and that includes $0.35 of one timers," which means the upward earnings revisions "have been only 3.5% excluding one-timers."
Check out <a href="https://www.benzinga.com/analyst-stock-ratings">other analyst stock ratings</a>.
<h1 class="wp-block-heading">Roth Capital Partners On Costco Wholesale</h1>
<a href="https://www.benzinga.com/analyst-stock-ratings/analyst/5e00db2d3513fb0001f048a6/bill-kirk">Analyst Bill Kirk</a> maintained a Neutral rating while upping the price target from $676 to $755.
Although Costco "continues to perform very well" and expressed confidence in the momentum continuing in fiscal 2025, management noted the year is likely to be "less linear," Kirk said in a note. While Costco lags behind peers in going digital, it added more third-party vendors and is working on personalizing the shopper experience, he added.
The company's inventory levels rose by 12% year-on-year in the fourth quarter, "the largest y/y increase since calendar 2022," the analyst stated. "While possibly loading ahead of potential port disruptions, investors are increasingly sensitive to inventory changes," he further wrote.
<h1 class="wp-block-heading">Telsey Advisory Group On Costco Wholesale</h1>
<a href="https://www.benzinga.com/analyst-stock-ratings/analyst/5e301e08430dee0001c88c8d/joseph-feldman">Analyst Joseph Feldman</a> reiterated an Outperform rating while raising the price target from $925 to $1,000.
Costco&#8217;s delivered an earnings beat, driven by strong sales and better-than-expected operating margins, Feldman said. Total sales grew by 1.0% to around $80 billion, with "headline comp of 5.4% (US +5.3%, Canada +5.5%, Other International +5.7%) and core merchandise comp, ex-gas and FX, of 6.9% (US +6.3%, Canada +7.9%, Other International +9.3%)," he added.
Operating margins expanded 29 bps to 3.8%, driven by retail gross margin expansion of 39 bps to 11%, with a 9 bps increase in the core-on-core product margin, the analyst stated. "Overall, Costco&#8217;s 4QF24 adjusted EBIT dollars increased over 9% to ~$3.0B, reflecting profitable market share gains," he further wrote.
<h1 class="wp-block-heading">Oppenheimer On Costco Wholesale</h1>
<a href="https://www.benzinga.com/analyst-stock-ratings/analyst/5880cc2277f9dd00011b0b6d/rupesh-parikh">Analyst Rupesh Parikh</a> reaffirmed an Outperform rating and price target of $955.
Costco's adjusted earnings grew by around 6% to $5.15 per share, versus $4.86 per share in the prior year and ahead of consensus of $5.08, Parikh said. "Compared with our model, stronger gross profit dollars (benefits from gas and e-commerce) offset higher than modeled expenses and lower interest income," he added.
"In a mixed discretionary backdrop lately, COST continues to deliver steady share gains globally, and we expect strong momentum to persist for the balance of the year driven by superior merchandising efforts and the company&#8217;s unique value proposition," the analyst wrote. He further recommended investors with longer-term horizons take advantage of the softness of the stock following the results.
COST Price Action: Shares of Costco Wholesale had declined by 1.83% to $884.90 at the time of publication on Friday.
Read More: • <a href="https://www.benzinga.com/news/earnings/24/09/41063829/wall-street-on-wait-and-watch-mode-ahead-of-inflation-data-bitcoin-holds-above-65-5k-analyst-says-v">Wall Street On Wait-And-Watch Mode Ahead Of Inflation Data, Bitcoin Holds Above 65.5K: Analyst Says Volatility Ahead Providing Better Entry Point Into Long-term Bull Market</a>

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Costco's Strong Q4 Performance Sparks Mixed Analyst Reactions As Stock Slides

Barclays analyst Karen Short maintains Costco Wholesale (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COST#NASDAQ">COST</a>) with a Equal-Weight and raises the price target from $830 to $850.

Barclays Maintains Equal-Weight on Costco Wholesale, Raises Price Target to $850

Truist Securities analyst Scot Ciccarelli maintains Costco Wholesale (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COST#NASDAQ">COST</a>) with a Hold and raises the price target from $873 to $909.

Truist Securities Maintains Hold on Costco Wholesale, Raises Price Target to $909

BMO Capital analyst Kelly Bania reiterates Costco Wholesale (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COST#NASDAQ">COST</a>) with a Outperform and raises the price target from $950 to $980.

BMO Capital Reiterates Outperform on Costco Wholesale, Raises Price Target to $980

U.S. stocks traded higher this morning, with the Dow Jones index rising more than 100 points on Friday.
Following the market opening Friday, the Dow traded up 0.27% to 42,290.97 while the NASDAQ rose 0.16% to 18,218.51. The S&amp;P 500 also rose, gaining, 0.17% to 5,755.11.
Check This Out: <a href="https://www.benzinga.com/news/24/09/41065070/micron-to-150-here-are-10-top-analyst-forecasts-for-friday">Micron To $150? Here Are 10 Top Analyst Forecasts For Friday</a>
Leading and Lagging Sectors Energy shares jumped by 0.8% on Friday.
In trading on Friday, consumer staples shares fell by 0.2%.
Top Headline
Costco Wholesale Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COST#NASDAQ">COST</a>) reported upbeat earnings for its fourth quarter, while sales missed expectations.
The company reported quarterly revenue of $79.697 billion, missing the consensus estimate of $79.973 billion. The membership-based retailer reported quarterly earnings of $5.29 per share, beating analyst estimates of $5.08 per share, according to Benzinga Pro.
Equities Trading UP &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<ul>
<li>CN Energy Group. Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CNEY#NASDAQ">CNEY</a>) shares shot up 109% to $1.21.</li>
<li>Shares of Onconetix, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ONCO#NASDAQ">ONCO</a>) got a boost, surging 78% to $6.03. Altos Venture reported a 32.5% stake in the company as of September 24 in a 13D filing on Thursday.</li>
<li>Fangdd Network Group Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DUO#NASDAQ">DUO</a>) shares were also up, gaining 38% to $1.47.</li>
</ul>
Equities Trading DOWN
<ul>
<li>Seelos Therapeutics, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SEEL#NASDAQ">SEEL</a>) shares dropped 23% to $3.8725. Seelos announced postponement of its annual meeting of stockholders.</li>
<li>Shares of enVVeno Medical Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVNO#NASDAQ">NVNO</a>) were down 22% to $3.50 after the company announced the pricing of a $15 million public offering of 4.3 million shares at $3.50 per share.</li>
<li>Acadia Healthcare Company, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ACHC#NASDAQ">ACHC</a>) was down, falling 17% to $62.78 after the company issued a statement stating they are cooperating fully with the authorities regarding a government investigation.</li>
</ul>
Commodities In commodity news, oil traded up 0.1% to $67.71 while gold traded down 0.1% at $2,694.70.
Silver traded up 0.4% to $32.480 on Friday, while copper fell 0.5% to $4.6170.
Euro zone
European shares were higher today. The eurozone's STOXX 600 gained 0.5%, Germany's DAX climbed 1.2% and France's CAC 40 jumped 0.6%. Spain's IBEX 35 Index rose 0.3%, while London's FTSE 100 rose 0.3%.
The industry confidence indicator in Spain climbed by 2.8 points from the prior month to a reading of -0.7 in September. Industrial producer prices in Italy declined by 0.8% year-over-year in August.
The economic sentiment indicator in the Eurozone slipped to 96.2 in September from 96.5 in August, while services sentiment indicator climbed to a four-month high level of 6.7 in September. The consumer confidence indicator in the Eurozone gained by 0.5 points to -12.9 in September.
Asia Pacific Markets
Asian markets closed mostly higher on Friday, with Japan's Nikkei 225 jumping 2.32%, Hong Kong's Hang Seng Index jumping 3.55%, China's Shanghai Composite Index gaining 2.88% and India's BSE Sensex falling 0.31%.
Hong Kong&#8217;s trade deficit widened to $33.1 billion in August versus $25.6 billion in the year-ago month. The People&#8217;s Bank of China slashed the reserve requirement ratio for banks by 50bps.
Economics
<ul>
<li>U.S. wholesale inventories increased 0.2% month-over-month to $905.7 billion in August compared to a revised 0.2% rise in the prior month.</li>
<li>The U.S. trade deficit in goods narrowed to $94.3 billion in August versus a revised $102.8 billion gap in the previous month.</li>
<li>U.S. personal income rose by 0.2% from the prior month to $24.015 trillion in August compared to a 0.3% gain in the previous month.</li>
<li>Personal spending rose by 0.2% month-over-month in August.</li>
<li>The U.S. core PCE price index increased by 0.1% from the prior month in August compared to market estimates of a 0.2% increase and versus the 0.2% gain in the previous month.</li>
</ul>
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Intraday Update

ACHC

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ONCO

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Dow Surges Over 100 Points; Costco Earnings Top Views

Stifel analyst Mark Astrachan maintains Costco Wholesale (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COST#NASDAQ">COST</a>) with a Buy and raises the price target from $915 to $925.

Stifel Maintains Buy on Costco Wholesale, Raises Price Target to $925

Loop Capital analyst Laura Champine maintains Costco Wholesale (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COST#NASDAQ">COST</a>) with a Buy and raises the price target from $975 to $1005.

Loop Capital Maintains Buy on Costco Wholesale, Raises Price Target to $1005

Sentiment has soured ahead of the <a href="https://www.benzinga.com/trading-ideas/previews/24/09/41054701/inflation-data-will-be-watched-like-a-hawk-friday-after-feds-interest-rate-cuts">key inflation data that is due ahead of the market open </a>on Friday, with the index futures pointing to a modestly lower opening. A fairly benign data could keep the upward trajectory intact ahead of next week&#8217;s key labor market data. Stocks are on track to finish September, a seasonally weaker month, on a positive note, and election uncertainty could weigh down on the market in the upcoming month. The focus would shift to the third-quarter reporting season in the latter half of October.
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<tbody>
<tr>
<td>Futures</td>
<td>Performance (+/-)</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>-0.18%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>-0.07%</td>
</tr>
<tr>
<td>Dow</td>
<td>-0.03%</td>
</tr>
<tr>
<td>R2K</td>
<td>+0.31%</td>
</tr>
</tbody>
</table>
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In premarket trading on Friday,&nbsp;the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) edged up 0.03% to $572.46 and the&nbsp;Invesco QQQ ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) fell 0.08% to $489.09, according to&nbsp;<a href="https://benzinga.grsm.io/lxquj26b2sag" target="_blank" rel="noreferrer noopener">Benzinga Pro data</a>.
Cues From Last Session:
U.S. stocks advanced on Thursday as traders digested a slew of economic data, Chinese stimulus that set the Asian markets on fire and Micron Technology, Inc.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>) earnings. A sharp drawdown in the shares of Super Micro Computer, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>) on the back of the news of a Department of Justice probe tempered optimism toward the tech stocks.
The major indices opened sharply higher after separate reports showed jobless claims fell in the recent reporting week, durable goods orders remained flat, belying expectations for a decline, and the second-quarter GDP data was left unrevised at 3%.
The indices squandered the early gains but remained mostly above the unchanged line for the rest of the session before closing higher for the day.
The S&amp;P 500 scored another record intraday and closing highs, with nine of the 11 S&amp;P 500 sector classes closing higher. Material stocks advanced notably, while energy stocks came under significant selling pressure. 
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<td>Index</td>
<td>Performance (+/)</td>
<td>Value</td>
</tr>
<tr>
<td>Nasdaq Composite</td>
<td>+0.60%</td>
<td>18,190.29</td>
</tr>
<tr>
<td>S&amp;P 500 Index</td>
<td>+0.40%</td>
<td>5,745.37</td>
</tr>
<tr>
<td>Dow Industrials</td>
<td>+0.62%</td>
<td>42,175.11</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>+0.57%</td>
<td>2,209.87</td>
</tr>
</tbody>
</table>
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Insights From Analysts:
LPL Chief Economist Jeffrey Roach said in a note he anticipates a period of higher volatility among both bonds and equities during the present period of global uncertainty and softer growth outlook. &#8220;We expect volatility to remain elevated over the next few months, and believe a better entry point back into the longer-term bull market is likely,&#8221; he said.
The economist said the long and variable lag of monetary policy is not perfectly symmetrical, and it could take time for the monetary stimulus to filter down from Wall Street to Main Street. &#8220;Portfolio allocators should consider keeping a domestic bias during these periods of flux,&#8221; he added.
With just two sessions to go for September, the S&amp;P 500 is up about 17.2% for the month-to-date period. Carson Group Chief Investment Strategist Ryan Detrick underlined a positive aspect of it. If the index finishes September in the green, it would mark gains for eight of the nine months of 2024. Going back into history, this has occurred nine other times and in those years, the index posted gains for the fourth quarter all nine times. The average gain is a decent 6.7%.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">No September isn&#39;t over yet, but if the S&amp;P 500 finishes higher in September that would be 8 of the first 9 months of &#39;24 higher. I found 9 other times that happened in history. Q4? Up 9 times and up 6.7% on avg.
&mdash; Ryan Detrick, CMT (@RyanDetrick) <a href="https://twitter.com/RyanDetrick/status/1839388702646161483?ref_src=twsrc%5Etfw">September 26, 2024</a></blockquote>
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See also: <a href="https://www.benzinga.com/money/best-futures-trading-software">Best Futures Trading Software</a>
Upcoming Economic Data:
<ul>
<li>The Bureau of Economic Analysis is due to release a personal income and spending report for August at 8:30 a.m. EDT. Economists, on average, expect personal income and spending to have increased by 0.4% and 0.3% month-over-month, respectively, in August. This compares to the July rates of 0.3% and 0.5%, respectively. The price consumption expenditure index may have edged up 0.1% compared to July&#8217;s 0.2% increase. Annually, the rate of increase in the PCEI is expected to have slowed from 2.5% in July to 2.3% in August. The monthly and annual rates of the core PCEI are estimated at 0.2% and 2.7%, respectively, for August, compared to July&#8217;s 0.2% and 2.6% rates.</li>
<li>The advanced trade balance report for August will be released by the Commerce Department at 8:30 a.m. EDT. The consensus estimate calls for a deficit of $100.60 billion for August compared to a deficit of $102.84 billion in July. The Commerce Department will also release advance wholesale and retail inventory data at 8:30 a.m. EDT.</li>
<li>The University of Michigan&#8217;s final consumer sentiment index for September is scheduled to be released at 10 a.m. EDT. The headline consumer sentiment index is expected to be revised from the flash reading of 69 to 69.3, marking an increase from 67.9 in August. The one-year and five-year inflation expectations readings will likely come in at 2.7% and 3.1%, respectively,</li>
<li>Atlanta Fed GDPNow for the third quarter, due at 10:30 a.m. EDT, is expected to show 2.9% growth.</li>
<li>Federal Reserve Governor Michelle Bowman is scheduled to speak at 1:15 p.m. EDT.</li>
</ul>
Stocks In Focus:
<ul>
<li>BlackBerry Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BB#NYSE">BB</a>) fell over 1.50% <a href="https://www.benzinga.com/premarket">in premarket trading</a> following the company&#8217;s earnings announcement, and Costco Wholesale Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COST#NASDAQ">COST</a>) was down about 1.30% on earnings.</li>
<li>Bristol Myers Squibb&nbsp;Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BMY#NYSE">BMY</a>) shares rose over 6% after the FDA approved Cobenfy, an oral medication for the treatment of schizophrenia in adults.</li>
</ul>
Commodities, Bonds And Global Equity Markets:
Crude oil futures are weaker yet again, although more modestly than in the previous two sessions, and gold futures retreated modestly and traded just shy of the record. Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) rallied over 3% over the past 24 hours and is fast approaching the next psychological resistance of $66K.
The yield on the 10-year Treasury note remained almost flattish with a slight negative bias at 3.785%.
In Asia, stocks in Hong Kong, Japan and China rose strongly and the Australian averages gained modestly, but major indices elsewhere settled mostly lower. China&#8217;s optimism continued to buoy sentiment in the mainland markets.
The European markets advanced in early trading as traders digested inflation data from some key countries in the region and other data. 
Read Next:
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<li><a href="https://www.benzinga.com/news/24/09/41040634/analyst-counters-pete-buttigiegs-assertion-that-inflation-went-down-after-bidens-ira-2022-they-are-s">Analyst Counters Pete Buttigieg&#8217;s Assertion That Inflation Went Down After Biden&#8217;s IRA 2022: &#8216;They Are Still Rising And You Don&#8217;t Seem To Care..At All&#8217;</a></li>
</ul>
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Wall Street On Wait-And-Watch Mode Ahead Of Inflation Data, Bitcoin Holds Above 65.5K: Analyst Says Volatility Ahead Providing Better Entry Point Into Long-term Bull Market

With U.S. stock futures trading mixed this morning on Friday, some of the stocks that may grab investor focus today are as follows:
<ul>
<li>Costco Wholesale Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COST#NASDAQ">COST</a>) reported upbeat earnings for its fourth quarter, while sales missed expectations. The company <a href="https://www.benzinga.com/news/earnings/24/09/41056967/costco-q4-earnings-revenue-miss-eps-beat-comps-climb-5-4-shares-slide">reported</a> quarterly revenue of $79.697 billion, missing the consensus estimate of $79.973 billion. The membership-based retailer reported quarterly earnings of $5.29 per share, beating analyst estimates of $5.08 per share, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>. Costco shares slipped 1.4% to $888.62 in after-hours trading.</li>
<li>Moving iMage Technologies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MITQ#NYSE">MITQ</a>) will report financial and operational results for its fourth quarter. Moving iMage Technologies shares gained 5% to $0.5985 in the after-hours trading session.</li>
<li>Scholastic Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SCHL#NASDAQ">SCHL</a>) reported better-than-expected results for its first quarter, after the closing bell on Thursday. Scholastic reported a quarterly loss of $2.13 per share compared to market estimates for a loss of $2.48 per share. The company reported quarterly sales of $237.200 million which beat the analyst consensus estimate of $233.488 million. Scholastic shares gained 6.5% to $32.13 in the after-hours trading session.</li>
</ul>
Check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a>
<ul>
<li>enVVeno Medical Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVNO#NASDAQ">NVNO</a>) announced a proposed public offering. enVVeno Medical shares dipped 15.6% to $3.80 in the after-hours trading session.</li>
<li>Travere Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TVTX#NASDAQ">TVTX</a>) announced a voluntary pause of enrollment in its Phase 3 HARMONY study of Pegtibatinase. Travere Therapeutics shares fell 5.3% to $14.24 in the after-hours trading session.</li>
</ul>
Check This Out:
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MITQ

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Costco, Scholastic And 3 Stocks To Watch Heading Into Friday

Costco Wholesale (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COST#NASDAQ">COST</a>) is taking multiple measures to brace for potential strikes at U.S. ports starting next week. The strikes could affect <a href="https://www.benzinga.com/news/24/09/40906726/us-port-strike-in-october-could-lead-to-major-supply-chain-disruptions-says-container-trade-expert">ports on the East Coast and the Gulf of Mexico</a>.
What Happened: On Thursday, Costco CEO Ron Vachris detailed the company&#8217;s contingency plans during their fourth-quarter earnings call. 
These plans include pre-shipping holiday goods and preparing to use alternative ports. Vachris emphasized the company&#8217;s proactive approach, stating, &#8220;We&#8217;ve done several different things that we could to get holiday goods in ahead of this time frame.&#8221;
The potential strike, set for Oct. 1, could close 36 ports that handle over half of the U.S. ocean trade, including essential items like bananas, meat, and prescription drugs. This could lead to delays and increased costs, impacting the <a href="https://www.benzinga.com/news/24/09/40906726/us-port-strike-in-october-could-lead-to-major-supply-chain-disruptions-says-container-trade-expert">U.S. economy and global shipping networks</a>.
Vachris noted that while the situation could be disruptive, the full impact remains uncertain. &#8220;It could be disruptive based on how impactful, I can&#8217;t tell you until we know the length and what could happen out there. But it is in our sights,&#8221; he said.
See Also: <a href="https://www.benzinga.com/trading-ideas/previews/24/09/41054701/inflation-data-will-be-watched-like-a-hawk-friday-after-feds-interest-rate-cuts">Inflation Data &#8216;Will Be Watched Like A Hawk&#8217; Friday After Fed&#8217;s Interest Rate Cuts</a>
Why It Matters: The looming strike comes at a critical time for retailers, especially as they prepare for the holiday season. The potential disruption could have far-reaching effects on the supply chain and consumer prices.
Earlier this month, retailers urged the White House to intervene in negotiations between the International Longshoremen&#8217;s Association and the U.S. Maritime Alliance. The ILA represents over 85,000 dockworkers, and their <a href="https://www.benzinga.com/government/24/09/40713418/retailers-plea-for-deal-us-ports-union-start-two-day-talk-in-effort-to-prevent-disruptive-strike">contract is set to expire on Sep. 30</a>.
In August, <a href="https://www.benzinga.com/news/global/24/08/40451543/transatlantic-container-shipping-volumes-rise-as-possible-strike-at-u-s-ports-hovers">transatlantic shipping volumes</a> surged as retailers preemptively increased their inventories. This was a move to counteract potential supply chain disruptions.
On Sep. 17, container trade expert Christian Roeloffs warned that a strike could <a href="https://www.benzinga.com/news/24/09/40906726/us-port-strike-in-october-could-lead-to-major-supply-chain-disruptions-says-container-trade-expert">severely disrupt nearly half of the nation&#8217;s ocean trade</a>. He noted that negotiations were showing signs of breaking down, making a strike increasingly likely.
Costco&#8217;s recent <a href="https://www.benzinga.com/news/earnings/24/09/41056967/costco-q4-earnings-revenue-miss-eps-beat-comps-climb-5-4-shares-slide">fourth-quarter earnings report</a> revealed a revenue miss but an earnings per share beat. The company reported quarterly earnings of $5.29 per share, surpassing analyst estimates of $5.08 per share. However, the revenue of $79.697 billion fell short of the consensus estimate of $79.973 billion.
Price Action: Costco Wholesale Corporation&#8217;s stock closed at $901.44 on Thursday, down 0.77% for the day. In after-hours trading, the stock fell further 1.43%. However, year to date, Costco&#8217;s stock has increased by 38.54%, according to <a href="https://www.benzinga.com/pro/login">data from Benzinga Pro</a>.
Read Next: 
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<li><a href="https://www.benzinga.com/general/sports/24/09/41053573/hurricane-helene-disrupts-flights-sports-events-disney-operations-affected-regions-stocks-to-watch">Hurricane Helene Disrupts Flights, Sports Events, Disney Operations: Affected Regions, Stocks To Watch</a></li>
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Image Via Flickr 
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Costco Gears Up For Potential US Port Strikes As CEO Stresses Proactive Steps: America Could 'Get Holiday Goods In Ahead Of This Time Frame'

U.S. markets closed higher on Thursday, with the Dow Jones Industrial Average climbing 0.6% to 42,175.11 and the S&amp;P 500 gaining 0.4% to finish at 5,745.37. The Nasdaq also advanced 0.6%, reaching 18,190.29.
These are the top stocks that gained the attention of retail traders and investors throughout the day:
Alibaba Group Holding Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>)
Alibaba&#8217;s stock closed with a 10.07% increase at $105.07, hitting an intraday high of $105.97 and a low of $101.76. The 52-week range for the stock is $66.63 to $105.97. Alibaba recently made waves in the tech world by <a href="http://Image via Shutterstock">launching over 100 open-source AI models</a>. This ambitious move, dubbed Qwen 2.5, covers a range of industries and signifies Alibaba&#8217;s bold steps to outpace rivals.
Costco Wholesale Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COST#NASDAQ">COST</a>)
Costco&#8217;s stock closed down 0.77% at $901.44, with an intraday high of $909.24 and a low of $898.13. The 52-week range for the stock is $540.23 to $923.83. Despite missing <a href="https://www.benzinga.com/news/earnings/24/09/41056967/costco-q4-earnings-revenue-miss-eps-beat-comps-climb-5-4-shares-slide">fourth-quarter revenue estimates</a>, Costco beat EPS estimates and reported a 5.4% climb in comparable sales. 
See Also: <a href="https://www.benzinga.com/markets/cannabis/24/09/41012794/gov-newsoms-hemp-ban-goes-into-effect-consequences-for-industry-investors-patients?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">California Governor&#8217;s Ban On Hemp Is Live: Consequences</a>
BlackBerry Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BB#NYSE">BB</a>)
BlackBerry&#8217;s stock closed up 6.28% at $2.54, hitting an intraday high of $2.56 and a low of $2.4. The 52-week range for the stock is $2.01 to $4.94. BlackBerry&#8217;s second-quarter earnings report showed <a href="https://www.benzinga.com/news/earnings/24/09/41057601/blackberry-q2-earnings-revenue-eps-beat-estimates-driven-by-strength-in-iot-cybersecurity">strength in IoT and cybersecurity</a>, beating revenue and EPS estimates. 
JD.com, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JD#NASDAQ">JD</a>)
JD.com&#8217;s stock closed up 14.39% at $37.99, with an intraday high of $38.18 and a low of $36.93. The 52-week range for the stock is $20.82 to $38.18. The stock enjoyed a lift following China&#8217;s announcement of a <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/09/41050711/stocks-rise-as-china-signals-more-stimulus-billionaire-david-tepper-bets-big-on-everythi">monetary stimulus</a> earlier this week. 
Tesla, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>)
Tesla&#8217;s stock closed down 1.09% at $254.22, hitting an intraday high of $261.75 and a low of $251.53. The 52-week range for the stock is $138.8 to $271. Tesla recently sent out invites for its <a href="https://www.benzinga.com/news/24/09/41040380/tesla-sends-out-invites-for-robotaxi-event-heres-everything-you-need-to-know">much-anticipated robotaxi</a> unveiling event scheduled for October 10. 
Image via Shutterstock
Prepare for the day&#8217;s trading <a href="Premarket Movers &amp; News">with top premarket movers and news</a> by Benzinga.
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This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/shivdeep-dhaliwal" target="_blank" rel="noreferrer noopener">Shivdeep Dhaliwal</a>

BABA

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Alibaba, Costco, BlackBerry, JD.Com, Tesla: Why These 5 Stocks Are On Investors' Radars Today

Costco Wholesale Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COST#NASDAQ">COST</a>) reported fourth-quarter financial results after the market close on Thursday. Here&#8217;s a look at the <a href="https://www.benzinga.com/pressreleases/24/09/g41056255/costco-wholesale-corporation-reports-fourth-quarter-and-fiscal-year-2024-operating-results">key numbers from the quarter</a>.
Q4 Earnings: Costco reported fourth-quarter revenue of $79.697 billion, missing the&nbsp;<a href="https://www.benzinga.com/calendars/earnings" target="_blank" rel="noreferrer noopener">consensus estimate</a>&nbsp;of $79.973 billion. The membership-based retailer reported quarterly earnings of $5.29 per share, beating analyst estimates of $5.08 per share, according to&nbsp;<a href="http://pro.benzinga.com" target="_blank" rel="noreferrer noopener">Benzinga Pro</a>.
Comparable sales in the fourth quarter were up 5.3% in the U.S., up 5.5% in Canada and up 5.7% in the Other International segment. Total comps climbed 5.4% year-over-year, and total e-commerce sales jumped 18.9%. The reported figures were adjusted to account for the total weeks in the quarter. 
Costco&#8217;s fourth quarter this year was a 16-week period versus 17 weeks in the fourth quarter of 2023.
Membership fees came in at $1.512 billion, up from $1.509 billion in the prior year&#8217;s quarter. Costco <a href="https://www.benzinga.com/news/24/07/39728606/whats-going-on-with-costco-stock-thursday">announced</a> it was raising the price of its annual store membership by $5 in July. The membership fee increase went into effect on Sept. 1.
Costco noted it now operates 891 warehouses. The company said it ended the quarter with $9.906 billion in cash and cash equivalents.
Management will hold a conference call with investors and analysts to discuss these results at 5 p.m. ET.
Related Link: <a href="https://www.benzinga.com/news/24/09/41023224/top-10-stock-picks-for-the-holiday-boom-adobe-forecasts-unprecedented-e-commerce-sales-this-season">Top 10 Stock Picks For The Holiday Boom: Adobe Forecasts Unprecedented E-Commerce Sales This Season</a>
COST Price Action: <a href="http://benzinga.com/quote/cost">Costco shares</a> were down 1.10% in after hours, trading around $891.50 at the time of publication Thursday, per <a href="http://pro.benzinga.com">Benzinga Pro</a>.
Photo: <a href="https://commons.wikimedia.org/wiki/Category:Costco">Wikimedia Commons</a>.

After-Hours Center

Costco Q4 Earnings: Revenue Miss, EPS Beat, Comps Climb 5.4%, Shares Slide

WIIM

Costco shares are trading lower following Q4 earnings.

Costco Q4 Adj. e-Commerce Comparable Sales Grew 19.5%, Total Company Comparable Sales Grew 6.9%

Earnings Misses

Costco Wholesale Q4 2024 GAAP EPS $5.29 Beats $5.08 Estimate, Sales $79.697B Miss $79.973B Estimate

Costco Wholesale (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COST#NASDAQ">COST</a>) has outperformed the market over the past 15 years by 8.16% on an annualized basis producing an average annual return of 20.3%. Currently, Costco Wholesale has a market capitalization of $400.58 billion. 
Buying $1000 In COST: If an investor had bought $1000 of COST stock 15 years ago, it would be worth $16,225.00 today based on a price of $903.57 for COST at the time of writing.
<h3>Costco Wholesale's Performance Over Last 15 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1727366424_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

$1000 Invested In Costco Wholesale 15 Years Ago Would Be Worth This Much Today

In a report released today, Seth Sigman from Barclays maintained a Hold rating on Costco (COST – Research Report), with a price target of $850.00. ...

Barclays Sticks to Its Hold Rating for Costco (COST)

Wells Fargo analyst Edward Kelly has maintained their neutral stance on COST stock, giving a Hold rating today. Edward Kelly has given his Hold rat...

Hold Rating on Costco's Stock Amid Strong Performance and Premium Valuation

In a report released yesterday, Paul Lejuez from Citi reiterated a Hold rating on Costco (COST – Research Report), with a price target of $800.00. ...

Costco's Solid Performance Balanced by High Valuation: A Hold Rating

Costco (COST – Research Report), the Consumer Cyclical sector company, was revisited by a Wall Street analyst today. Analyst Simeon Gutman from Mor...

Buy Rating Affirmed for Costco on Strong Financials and Strategic Growth Initiatives

Analyst Kelly Bania from BMO Capital reiterated a Buy rating on Costco (COST – Research Report) and increased the price target to $980.00 from $950...

Maintaining Buy Rating: Costco's Strong Earnings and Growth Prospects Justify Increased Target Price

In a report released today, Rupesh Parikh from Oppenheimer maintained a Buy rating on Costco (COST – Research Report), with a price target of $955....

Oppenheimer Remains a Buy on Costco (COST)

Costco keeps analysts busy working out the valuation question

In a report released today, Michael Baker from D.A. Davidson maintained a Hold rating on Costco (COST – Research Report). The company's shares clos...

Costco (COST) Receives a Hold from D.A. Davidson

Roth MKM analyst William Kirk reiterated a Hold rating on Costco (COST – Research Report) today and set a price target of $755.00. The company's sh...

Roth MKM Keeps Their Hold Rating on Costco (COST)

In a report released today, Joe Feldman from Telsey Advisory maintained a Buy rating on Costco (COST – Research Report), with a price target of $1,...

Telsey Advisory Reaffirms Their Buy Rating on Costco (COST)

Screenshot 2024-06-24 at 5.31.08 PM

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Dividends

Press Releases

Costco Wholesale Corporation Reports March Sales Results and Announces an Increase in Its Quarterly Cash Dividend

Costco Wholesale Corporation Reports April Sales Results

Costco Wholesale Corporation Reports Third Quarter and Year-to-Date Operating Results for Fiscal 2024

Costco Wholesale Corporation Reports May Sales Results

Influencers Are Driving Consumers To Discount Clubs And Major Retailers Like Costco Finds IZEA's Latest Survey

Costco Wholesale Corporation Reports June Sales Results and Announces Quarterly Cash Dividend and Plans for Membership Fee Increase

Costco Wholesale Corporation Reports July Sales Results

Costco Wholesale Corporation Reports August Sales Results

Costco Wholesale Corporation Reports Fourth Quarter and Fiscal Year 2024 Operating Results

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