Barclays Maintains an 'Equalweight' on Costco Wholesale (COST); Slight Bump To FY12 Estimates After Good Qtr

May 25, 2012 3:20 PM EDT Send to a Friend
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Price: $143.21 +1.02%

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Barclays maintains an 'Equalweight' on Costco Wholesale (NASDAQ: COST) price target of $93.00.

Analyst, Robert S. Drbul, said, "Costco reported 3Q12 EPS of $0.88, $0.01 above our estimate. Net sales increased 8.2% to $21.8 B...Membership fee and other income increased 9.2% to $475 mm, benefiting from a 9% increase in new member sign ups...Gross margin increased 5 bps to 10.55%...Given the upside to earnings in the quarter we are increasing our FY12 EPS estimate to $3.86 from $3.85 and maintaining our FY13 EPS estimate of $4.40."

For an analyst ratings summary and ratings history on Costco Wholesale click here. For more ratings news on Costco Wholesale click here.

Shares of Costco Wholesale closed at $84.48 yesterday.


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