Latest news with #RupeshParikh
Yahoo
3 days ago
- Business
- Yahoo
Costco Q3 Sales Rise 8% to $62 Billion
Costco (NASDAQ:COST) delivered a robust Q3 beat, with net sales up 8% to $61.96 billion and EPS soaring to $4.28 from $3.78 a year ago. Costco's scale helped absorb tariff and inflation headwinds, driving an 8.1% gain in adjusted comps and widening its pricing lead over grocery and convenience peers. Warning! GuruFocus has detected 5 Warning Sign with COST. Morgan Stanley's Simeon Gutman lifted his Overweight target to $1,225, praising the share gains and scale leverage. Oppenheimer's Rupesh Parikh called the results unsurprising but said they reinforce confidence in Costco's ongoing outperformance, flagging a potential stock split as a near-term catalyst. UBS's Michael Lasser highlighted the chain's consistency and execution, while Jefferies' Corey Tarlowe pointed to pilot programs like Scan-and-Go as proof of Costco's tech edge. Investors should care because Costco's ability to pass through costs without denting traffic underscores its membership moat and sets the stage for continued market-share gains even in a tougher consumer backdrop. This article first appeared on GuruFocus.
Yahoo
3 days ago
- Business
- Yahoo
Costco Q3 Sales Rise 8% to $62 Billion
Costco (NASDAQ:COST) delivered a robust Q3 beat, with net sales up 8% to $61.96 billion and EPS soaring to $4.28 from $3.78 a year ago. Costco's scale helped absorb tariff and inflation headwinds, driving an 8.1% gain in adjusted comps and widening its pricing lead over grocery and convenience peers. Warning! GuruFocus has detected 5 Warning Sign with COST. Morgan Stanley's Simeon Gutman lifted his Overweight target to $1,225, praising the share gains and scale leverage. Oppenheimer's Rupesh Parikh called the results unsurprising but said they reinforce confidence in Costco's ongoing outperformance, flagging a potential stock split as a near-term catalyst. UBS's Michael Lasser highlighted the chain's consistency and execution, while Jefferies' Corey Tarlowe pointed to pilot programs like Scan-and-Go as proof of Costco's tech edge. Investors should care because Costco's ability to pass through costs without denting traffic underscores its membership moat and sets the stage for continued market-share gains even in a tougher consumer backdrop. This article first appeared on GuruFocus. Sign in to access your portfolio
Yahoo
23-05-2025
- Business
- Yahoo
Oppenheimer Reiterates Buy Rating on Ulta Beauty (ULTA) Ahead of Earnings
On May 20, Oppenheimer increased the price target on Ulta Beauty, Inc. (NASDAQ:ULTA) stock from $435 to $465, reiterating a Buy rating on the stock. Rupesh Parikh from Oppenheimer has raised the price target as he expects Ulta Beauty to meet financial targets ahead of its earnings on May 29. Wall Street expects Ulta Beauty to post earnings of $5.76 per share and the company has exceeded estimates in 7 out of the last 8 quarters. Parikh believes that the company is well-positioned to achieve its FY2025 guidance, expecting 0-1% sales growth and EPS between $22.50 to $22.90. The analyst sees solid in-store execution and a promotional backdrop to support sustainable performance. The company may benefit from limited exposure to tariffs and potential closures of Kohl's stores. Parikh mentioned that he is encouraged by the strategic direction of Ulta Beauty under new CEO Kecia Steelman. The analyst believes that ULTA is in a better position to sustain its company's competitive position against its peers, including Amazon and Walmart. Ulta Beauty, Inc. (NASDAQ:ULTA) is a leading speciality beauty retailer in the U.S. It offers branded and private label beauty products, including cosmetics, haircare, skincare, fragrance, salon styling, and bath and body products, in shop-in-shops, its stores, its mobile application, and website. While we acknowledge the potential of ULTA to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than ULTA and that has 100x upside potential, check out our report about this cheapest AI stock. Read Next: and . Disclosure. None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
14-03-2025
- Business
- Yahoo
Why Freshpet Was a Dog of a Stock This Week
Onetime investors' pet stock Freshpet (NASDAQ: FRPT) wasn't such a good boy over the past few days. On the back of a recommendation downgrade from one analyst and price target cuts from two others, investors sold out of the stock in recent trading sessions. That left it with a nearly 11% decline in price week-to-date as of Thursday evening, according to data compiled by S&P Global Market Intelligence. Of the three events, the most consequential was the downgrade. This occurred on Tuesday when Oppenheimer's Rupesh Parikh moved his Freshpet recommendation down one peg to perform (hold, in other words) from his former outperform (buy). In doing so, Parikh removed his $140 per share price target; it has not yet been replaced. According to reports, the analyst's new take on Freshpet is based on his observation that management has sounded more subdued about the company's prospects. He also characterized the company's latest guidance as "disappointing" and wrote that investors would be wise to wait for signs of top-line improvements. This was compounded by those twin price target cuts, both of which were enacted at the beginning of the week. Of the two, the more drastic was made by JPMorgan Chase prognosticator Ken Goldman, who now feels that Freshpet is fairly valued at $102 per share rather than his previous price target of $154. His peer Mark Astrachan of Stifel lowered his to $135 per share from $155. Both men kept their existing recommendations on the stock intact; these were neutral and buy, respectively. I wouldn't necessarily bail from Freshpet, even though the stock has been in the investor doghouse since publishing its fourth-quarter and full-year results in February. I think its business strategy centered on healthy food products for our four-legged friends is a solid one, and the company is proving that it can grow its business robustly. This might be a good "buy on weakness" candidate. Ever feel like you missed the boat in buying the most successful stocks? Then you'll want to hear this. On rare occasions, our expert team of analysts issues a 'Double Down' stock recommendation for companies that they think are about to pop. If you're worried you've already missed your chance to invest, now is the best time to buy before it's too late. And the numbers speak for themselves: Nvidia: if you invested $1,000 when we doubled down in 2009, you'd have $300,143!* Apple: if you invested $1,000 when we doubled down in 2008, you'd have $41,138!* Netflix: if you invested $1,000 when we doubled down in 2004, you'd have $495,976!* Right now, we're issuing 'Double Down' alerts for three incredible companies, and there may not be another chance like this anytime soon.*Stock Advisor returns as of March 10, 2025 JPMorgan Chase is an advertising partner of Motley Fool Money. Eric Volkman has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Freshpet and JPMorgan Chase. The Motley Fool has a disclosure policy. Why Freshpet Was a Dog of a Stock This Week was originally published by The Motley Fool Sign in to access your portfolio
