|Bid||26.50 x 800|
|Ask||26.66 x 800|
|Day's Range||25.75 - 26.91|
|52 Week Range||19.31 - 32.92|
|Beta (3Y Monthly)||N/A|
|PE Ratio (TTM)||25.37|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||30.14|
Costco (NASDAQ:COST) stock continues its march higher. With stockholders having recovered all of their losses from last fall's sell-off, many might wonder where Costco stock goes from here. Amid the company's successes, valuations remain higher than that of most peers.Source: Shutterstock Moreover, with the stock price returning to the highs of last September, investors may want some assurance that COST stock will not see a double top. However, given the company's past growth and prospects for future expansion, I see COST stock as a buy on any pullback. Costco Stock Is Expensive, but Worth ItThose wanting Costco bargains should look inside their warehouse instead of at Costco stock. COST currently trades at a forward price-to-earnings (PE) ratio of around 29.4. Although one can argue that that comes in lower than Amazon (NASDAQ:AMZN), Amazon derives most of its profit outside of retail. Either way, Costco trades at a valuation premium above that of Walmart (NYSE:WMT), Target (NYSE:TGT), and its peer on the eastern seaboard, BJ's Wholesale (NYSE:BJ).InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 12 Reasons Facebook Stock Will Likely Sink 25%-35% Over the last five years, Costco's PE has averaged around 29.4. Hence, Costco stock has not moved far ahead of its average. Moreover, it benefits from a high degree of customer loyalty. This shows in a renewal rate of around 90% and its profit growth. Yes, customers pay a membership fee that amounts to pure profit for Costco. But in exchange, they pay little more than the cost of goods sold plus overhead for items. That may help explain why analysts have forecasted that earnings will increase 12.3% this year and 6.9% in fiscal 2020. Costco Can Keep Expanding for DecadesI also like the prospects for expansion. Yes, they currently operate in 44 states, and they cover most of America's large metros. However, tremendous potential exists in somewhat smaller markets. For example, in Texas, Costco operates only three warehouses located outside of the San Antonio, Austin, Houston, and Dallas-Fort Worth metro areas. Moreover, the company only operates two warehouses in Georgia outside of metro Atlanta. Hence, domestic saturation remains years away.Moreover, Costco has succeeded with international expansions. It has avoided the high-profile failures such as Target Canada or the pullouts like Walmart experienced in Germany and Brazil. In addition to Canada and Mexico, the company continues to add warehouses in Europe, East Asia and Australia. When to Buy Costco StockThe question for investors revolves around when to buy? Those holding out for a forward PE like the current 11.5 on Target will likely end up disappointed. However, Costco stock goes on sale periodically. During last fall's stock sell-off, COST fell as much as 22% before it began to recover. COST also saw corrections during the middle of the decade, as investors feared an "Amazon takeover" of retail. Anytime Costco has offered a 10-20% discount from its 29 forward PE, investors have profited by buying. I do not expect that to change soon. The Bottom Line on Costco StockInvestors should consider Costco stock a buy on any significant pullback. At just under 30 times forward earnings, some buyers may balk at paying such a multiple for a retailer. Moreover, with the stock trading at levels from which it previously fell, some might want to buy COST stock at this level.However, Costco stock has traded at PE in the high 20s or low 30s for several years. Moreover, for most of that time, profits have maintained a double-digit growth rate on average. Further, outside of North America, Costco has succeeded where Walmart and Target have failed. This ensures that the company can continue to add new warehouses for decades. * 6 Stocks to Buy for This Decade's Massive Megatrend The stock trades marginally above its average historical multiples. For this reason, I see it as a buy only for long-term investors. However, industry or macroeconomic conditions often lead to corrections in COST. If Costco stock falls to a PE ratio in the mid-20s or lower, investors should buy in bulk.As of this writing, Will Healy did not hold a position in any of the aforementioned stocks. You can follow Will on Twitter at @HealyWriting. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 5 Safe Stocks to Buy This Summer * The 5 Best Telecom Stocks to Buy Now * 6 Innovative Stocks With Big Long-Term Growth Potential Compare Brokers The post Buy Costco Stock on Any Pullback appeared first on InvestorPlace.
BJ's (BJ) has been upgraded to a Zacks Rank 2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
The BJ's Wholesale Club earnings report for the first quarter of 2019 is out.Source: Shutterstock Here's what investors need to know about the most recent BJ's Wholesale Club (NYSE:BJ) earnings report. * The company reported earnings per share of 26 cents for the first quarter of the year. * This is an increase over the company's earnings per share of 20 cents from the same time last year. * It also comes in above Wall Street's earnings per share estimate of 24 cents for the period. * Revenue reported in the BJ's Wholesale Club earnings report for the first quarter of 2019 comes in at $3.14 billion. * This is better than the company's revenue of $3.06 billion reported in the first quarter of the previous year. * It also beats out analysts' revenue estimate of $3.12 billion for the quarter. * The most recent BJ's Wholesale Club earnings report also includes net income of $35.80 million. * Net income reported by the retail company in the first quarter of 2018 was $14.14 billion. * BJ's Wholesale Club earnings for the first quarter of the year also has operating income coming in at $70.68 million. * The company's operating income reported during the same period of the year prior was $64.57 million. * The company's outlook for the full year of 2019 includes earnings per share between $1.42 and $1.50. * The revenue outlook for this same period has it ranging from $12.90 billion to $13.20 billion. * Wall Street is looking for earnings per share and revenue of $1.47 and $13.36 billion. * 6 Stocks to Buy for This Decade's Massive Megatrend BJ stock was up slightly as of Thursday afternoon.InvestorPlace - Stock Market News, Stock Advice & Trading Tips More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 6 Stocks to Buy for This Decade's Massive Megatrend * The 7 Best Stocks to Buy From the IPO ETF * 7 Athletic Apparel Stocks With Marathon Pace As of this writing, William White did not hold a position in any of the aforementioned securities.Compare Brokers The post BJ's Wholesale Club Earnings: 13 Things for BJ Stock Investors to Know appeared first on InvestorPlace.
posted stronger-than-expected first quarter earnings Thursday, and confirmed its full-year profit guidance, as same store sales topped forecasts in a challenging environment for U.S. retailers. "We delivered merchandise comparable sales of 1.9%, improved margins and continued to grow earnings by executing against our strategic priorities.
On a per-share basis, the Westborough, Massachusetts-based company said it had profit of 25 cents. Earnings, adjusted for non-recurring costs and to account for discontinued operations, were 26 cents per ...
BJ's Wholesale Club Holdings Inc. reported Thursday fiscal first-quarter earnings and same-store sales that rose above expectations, and affirmed its full-year outlook. The membership-bases warehouse retailer's stock was still inactive in premarket trade. Net income for the quarter to May 4 rose to $35.8 million, or 25 cents a share, from $14.1 million, or 15 cents a share, in the same period a year ago. Excluding non-recurring items, adjusted earnings per share increased to 26 cents from 20 cents, and topped the FactSet consensus of 25 cents. Total revenue rose 2.7% to $3.14 billion, in line with the FactSet consensus of $3.12 billion, as net sales grew 2.5% to $3.07 billion and membership fee revenue rose 8.0% to $73.4 million. The company affirmed its fiscal 2019 guidance ranges for EPS of $1.42 to $1.50 and for net sales of $12.9 billion to $13.2 billion. The FactSet consensus for EPS is $1.47 and for net sales is $13.05 billion. The stock has rallied 14.7% year to date, while the SPDR S&P Retail ETF has gained 3.1% and the S&P 500 has advanced 13.9%.
NEW YORK, NY / ACCESSWIRE / May 23, 2019 / BJ's Wholesale Club Holdings, Inc. (NYSE: BJ ) will be discussing their earnings results in their 2019 First Quarter Earnings to be held on May 23, 2019 at 8:30 ...
Costco is one of America's favorite places to shop: The chain recently earned second place among national grocery stores in the annual Retailer Preference Index from consumer data firm Dunnhumby . Here are seven mistakes to avoid next time you're shopping at Costco to maximize your savings. 1. You don't have to be a Costco member to take advantage of some of the warehouse club's incredible bargains.
BJ’s Wholesale Club Holdings, Inc. (BJ) today announced that it will release financial results for the first quarter fiscal 2019 prior to the market open on Thursday, May 23, 2019 and will hold a conference call on the same day at 8:30 a.m. ET to discuss its financial performance. To listen to the call, dial 877-274-0290 within the U.S. or (647)-689-5405 outside the U.S. and reference conference ID 9258035. A telephonic replay will be available two hours after the conclusion of the call, for one week, and can be accessed by dialing (800) 585-8367 or (416) 621-4642 and referencing conference ID 9258035.
To get the most out of your next trip to BJ's, shopping experts tell CNBC Make It what shoppers should buy at this warehouse club. These products, from baby supplies to dairy products, offer great values.
Want to participate in a short research study? Help shape the future of investing tools and you could win a $250 gift card! The goal of this article is to teach you how to use price to earnings ratios (P/E ratios). We'll...
Before we spend days researching a stock idea we'd like to take a look at how hedge funds and billionaire investors recently traded that stock. S&P 500 Index ETF (SPY) lost 13.5% in the fourth quarter. Seven out of 11 industry groups in the S&P 500 Index were down more than 20% from their 52-week […]
BJ’s Wholesale Club (BJ) announced a $250,000 grant from the BJ’s Charitable Foundation to support an innovative initiative from Boston Children’s Hospital called ‘Healthy Eating Active Living’ (HEAL) at the Upham’s Corner Health Center in Dorchester, Mass. The HEAL initiative will focus on improving the health and wellness of children by enhancing access to nutrition education and connecting them to opportunities that engage the whole family in being healthy and active. “We’re proud to partner with Boston Children’s Hospital on this initiative to help children who are at significant risk for higher rates of obesity and related health issues,” said Bob Eddy, executive vice president, Chief Financial and Administrative Officer of BJ’s Wholesale Club.
BJ’s Wholesale Club (BJ) today announced the third annual BJ’s Charity Championship presented by P&G. The tournament is a marquee stop of The Legends Tour, Official Senior Tour of the LPGA. Tournament proceeds benefit the BJ’s Charitable Foundation, which is committed to nourishing communities and helping families thrive.
One of the first randomized clinical studies of a corporate wellness program tracking 30,000 workers reveals companies may need to temper expectations on better health outcomes and lower health-care spending. There's still more promise than payoff.
BJ’s Wholesale Club (BJ), the leading operator of membership warehouse clubs in the Eastern United States, continues to expand with the opening of its newest club in Clearwater, Fla. BJ’s will host a grand opening celebration at the Clearwater club, which is the 217th location for the company, on Saturday, April 13, 2019.
Jon Reily, Publicis Sapient EVP Retail and E-Commerce, joins Yahoo Finance to break down L Brands, Best Buy, and BJ’s Wholesale earnings.
L Brand reported strong earnings, driven by Bath and Body Works. Yahoo Finance’s Alexis Christoforous, Brian Sozzi, and Emily McCormick review L Brands, Best Buy, and BJ’s Wholesale earnings.