Costco

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Last quote about Costco

Jim Cramer
Take the stock of Costco, which has been hammered relentlessly since the Amazon-Whole Foods tie-up, falling from $180 to $151. Yet even after this stunning decline, Costco's stock still sells at over 23 times earnings and it has many bulls who remain cheerleaders for the company.feedback
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Jul 10 2017
You can find on this page a variety of quotes, by one or many people, on what they said about Costco. 33 people are quoted and you can read 54 citations of them about Costco. Jim Cramer, Kenneth Chenault, Matthew Fassler and Charlie O'Shea, are those who have spoken the most about this topic. Jim Cramer said: “Take the stock of Costco, which has been hammered relentlessly since the Amazon-Whole Foods tie-up, falling from $180 to $151. Yet even after this stunning decline, Costco's stock still sells at over 23 times earnings and it has many bulls who remain cheerleaders for the company.”.
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Paul Trussell - Deutsche Bank

The WFM acquisition represents a game changer with COST's competitive moat in grocery under greater threat while its digital platform lags peers, putting membership renewal at risk for decline. The pipeline of positive catalysts has played out and the competitive backdrop is intensifying with AMZN & WMT accelerating in-store and online efforts and innovation.feedback

Oliver Chen - Cowen Group

Our take is that simple competitive advantages form a defensive moat, for now, vs. AMZN Prime's unstoppable rise. We believe COST's vertical integration capabilities, low price leadership given a fixed low merchandise margin model, & gas and organic food penetration are factors which will drive continued consistency in the generation of positive physical store traffic.feedback

Matthew Fassler - Goldman Sachs Group

We see a potential cap on valuation associated with AMZN's ongoing expression of interest in consumables, combined with fading fundamental catalysts. Also, increased expansion by AMZN and online investment by WMT create an imperative for COST to intensify its own investment in ecommerce.feedback

Charlie O'Shea

Amazon's announcement this morning that it had agreed to acquire Whole Foods Markets for around $14 billion is a transformative transaction, not just for food retail, but for retail in general. Implications ripple far beyond the food segment, where dominant players like Walmart, Kroger, Costco, and Target now have to look over their shoulders at the Amazon train coming down the tracks, but also the potential for multi-channel, which Amazon up until now has largely eschewed.feedback

Anthony DiClemente

In our view, Amazon is likely to grow sales marginally faster than Walmart ... and substantially faster than Costco.feedback

Jim Cramer

Costco just gave you a seven dollar special dividend, something I don't think they would do if business weren't good.feedback

Jim Cramer

A two-year tax cut? That's not going to change much of anything. [It's] kind of like a tax holiday – maybe you get some one-off special dividends like the one that Costco just gave you, but that's it.feedback

Richard Galanti - Costco Wholesale

Our strong balance sheet and favorable access to the credit markets allow us to provide shareholders with this dividend, while preserving financial and operational flexibility to continue to grow our business globally.feedback

Karen Short - Barclays

This tells us analytically (as opposed to intuitively) that COST is very protected from AMZN.feedback

Karen Short - Barclays

Given Costco's high-quality merchandise in food, low prices, and the frequency of purchase for these items, we believe that the company's customers will remain loyal and believe Costco's price positioning and quality in food insulates it from AMZN. While COST trades at premium vs. other names in our space, we think this is deserved given the 'scarcity value' of retailers with sustainable and defensible business models.feedback

Brittany Stinson

I submitted the Costco one to all of the schools as the main essay, and then there are different supplemental essays for each school. But for some of the supplemental ones, there's kind of an overlap where I could write a general supplemental essay and mix and match the right detail for each school. Of all of the commentary and random messages I got on Facebook, about 90 percent were positive. I was actually very surprised, people all around the world contacted me, offering me congratulations for getting into these schools. Some people recognized me.feedback

Shane Pickup

Costco is busier, you can't go into a restaurant on a Friday night without a 45-minute wait, and developers are trying to keep up. Just yesterday at work, my boss and I were talking about developing a new neighborhood. This is not what Americans think rural America looks like.feedback

Bill Smith

Everyone's looking to save time and get more out of less time. With Shipt in particular, people love the service and the quality of the experience. If you order ice cream from us, we'll deliver it directly to you.feedback

Johan Gott

In the long-run, it's not sustainable to absorb these costs. Retailers don't have very large margins to play with.feedback

Murali Gokki - AlixPartners

If they try to increase ticket prices what they're going to see is [fewer] people buying. Consumers have little appetite to pay a higher price.feedback

Richard Galanti - Costco Wholesale

We've spent our whole lives driving down prices, and recognizing also that [for] so many items... they don't exist [in the U.S.]. Prices will ultimately have to rise.feedback

Jeffrey White

The facts described in the (complaint) are tragic and 'raise significant ethical concern.feedback

Matthew Fassler - Goldman Sachs Group

We believe the company is on the cusp of the earnings acceleration ... aided by its recent credit card deal. We also like the firm's attractive positioning as a low-cost/low-priced operator in the challenging retail environment. Our estimates stand above consensus.feedback

Louis Milione

This settlement demonstrates the accountability and responsibility that go along with handling controlled prescription drugs.feedback

Eileen Decker

These are not just administrative or paperwork violations – Costco's failure to have proper controls in place in its pharmacies likely played a role in prescription drugs reaching the black market.feedback

Jim Cramer

Costco seems poised for a major turnaround in its same-store sales, and when you throw in the potential for higher membership fees and a possible special dividend, this stock gets too attractive to ignore.feedback

Jim Cramer

Frankly, if you are a retailer and you can only accept one kind of credit card, it is much better to be on Visa's network than on American Express.feedback

Jim Cramer

Even without these two positives, Costco is suddenly doing very, very well.feedback

Kate McShane - Citi

We see a clear path to accelerating SSS [same-store sales] growth in FY17 via the abatement of headwinds from gasoline price deflation, food deflation and tobacco SKU reductions as well as the benefit from the new co-branded credit card and potential US tax changes that are likely to be particularly favorable for COST's affluent customer. Given the stock's now-reasonable valuation, we are upgrading COST.feedback

Charlie O'Shea

You go in there, and the classic example [is], I went in to buy this, and I spent 400 bucks. I find it very hard to find anything negative to say about Costco.feedback

Leon Nicholas - Kantar Retail

So many people who shop at Wal-Mart are already Amazon Prime members. They waited too long.feedback

Jim Cramer

People don't want tuna and good taste. They want good taste and tuna. And FANG represents those stocks they know are going to do numbers.feedback

Jim Cramer

My problem with these is they're going to have really good earnings and didn't need Trump. I want companies with really good earnings that will be boosted by Trump.feedback

Stuart Shamis

We are confident that Costco has complied with the legislation and the regulations and we intend to co-operate fully with the inspection.feedback

Greg Melich

We believe BBY has benefited from two secular trends: a mix shift to smartphones away from CE [consumer electronics], and a shift towards higher margin large panel TVs and 4K TVs. With smartphones reaching saturation levels in the U.S. and our thesis that we are at the beginning of another channel shift in TVs towards discounters, clubs and online, we believe the risk-reward on BBY has shifted to the downside.feedback

Jim Cramer

If you project this relationship forward given the recent strength in the dollar, Williams thinks that Costco could be on the verge of a significant rally.feedback

Jim Cramer

When the technical and the fundamentals align, that is often a sign that you've got a good idea on your hands, so if you don't own Costco, I'd recommend buying some at these levels and then waiting for the next market-wide pullback to buy more.feedback

Bill Carcache - Nomura Securities

[American Express] has always said that you have to spend money to make money.feedback

Jason DeLeeuw - Piper Jaffray

[American Express] continues to work its way through company-specific challenges, but its high return business model still benefits from the attractive relative growth of the payments/card industry.feedback

Kenneth Chenault

The year-to-date progress gives us greater confidence to substantially increase our investment spending during the remainder of the year and, at the same time, raise our 2016 earnings guidance.feedback

Kenneth Chenault

While there's more work and more challenges ahead, the investments we're making are designed to position us for profitable, sustainable growth over the longer term, and we remain on track to earn at least $5.60 per share in 2017.feedback

Kenneth Chenault

During the quarter, we again made substantial investments in marketing and technology to help grow the business. At the same time, operating expenses continued to be well managed.feedback

Matthew Fassler - Goldman Sachs Group

Costco has high-visibility catalysts for 2017, and we expect investors to focus on them as we make our way through mid-year. These include the transition to a new credit card and a prospective member fee rate hike.feedback

Chris Donat - Sandler O'Neill & Partners

They sure have a long way to go in terms of replacing the Costco business that's going to go off their books in the second quarter. I think it should trade at a higher multiple than it is now. Right now it's around 12 times forward earnings. ... This is a great franchise. It's a trusted brand. It's well positioned for how the payments world evolves in a lot of ways.feedback

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