Why Costco Wholesale Corporation [COST] Stock Still Has Countless Sunny Days Ahead

Costco Wholesale Corporation [COST] has traded in a range of $264.36 to $388.07 in the last 1 year. As of this writing, the stock is at $373.43, down -0.17%. To check whether the stock’s short-term amount has a thrust, its good to check stock’s recent movement. Over the last week, COST shares are -1.33% down with the monthly amount drift of 1.87% and seems well in a long time frame.

On 2, December 2020, Costco Wholesale Corporation Reports November and First Quarter Fiscal Year 2021 Sales Results. According to news published on Yahoo Finance, Costco Wholesale Corporation (“Costco” or the “Company”) (Nasdaq: COST) today reported net sales of $15.67 billion for the retail month of November, the four weeks ended November 29, 2020, an increase of 15.1 percent from $13.62 billion last year.

Analyst Birdseye View:

The most recent analyst activity for Costco Wholesale Corporation [NASDAQ:COST] stock was on November 17, 2020, when it was Reiterated with an Outperform rating from Telsey Advisory Group, which also raised its 12-month price target on the stock to $390. Before that, on November 30, 2020, Telsey Advisory Group Recapitulated an Outperform rating and elevated its amount target to $430. On October 16, 2020, Jefferies Upgrade a Buy rating and boosted its price target on this stock from $321 to $435. On October 06, 2020, Barclays Upgrade an Overweight rating and increased its price target to $400. On September 25, 2020, Telsey Advisory Group Reiterated an Outperform rating and increased its price target to $390. On September 03, 2020, Telsey Advisory Group Reiterated an Outperform rating and boosted its amount target on this stock to $385. On August 14, 2020, DA Davidson Initiated a Neutral rating and boosted its target amount on this stock to $363. Credit Suisse elevated its amount target by recapitulating a higher weight for this stock.

In the past 52 weeks of trading, this stock has oscillated between a low of $264.36 and a peak of $388.07. Right now, according to Wall Street analyst the average 12-month amount target is $384.16. At the most recent market close, shares of Costco Wholesale Corporation [NASDAQ:COST] were valued at $373.43. According to the average price forecast, investors can expect a potential return of 5.2%.

FUNDAMENTAL ANALYSIS

Costco Wholesale Corporation [NASDAQ:COST] most recently reported quarterly sales of 53.38 billion, which represented growth of 12.40%. This publicly-traded organization’s revenue is $610,846 per employee, while its income is $14,659 per employee. This company’s Gross Margin is currently 13.20%, its Operating Margin is 3.30%, its Pretax Margin is +3.22, and its Net Margin is +2.40. Continuing to look at profitability, this corporation’s Return on Assets, Equity, Whole Principal & invested Principal is sitting at 7.93, 23.87, 23.10 and 16.08 respectively.

The Principal structure of this organization shows its whole liability to whole principal at 37.75 and the whole liability to whole assets at 19.95. It shows enduring liability to the whole principal at 36.53 and enduring liability to assets at 0.19 while looking for an extended time period.

Readers are usually of view to make a close observation to the indicators that support and make resistance before moving to any particular stock. As of now, the company’s stock is sitting at 371.78 points at 1st support level, the second support level is making up to 370.12. But as of 1st resistance point, this stock is sitting at 375.20 and at 376.96 for 2nd resistance point.

Costco Wholesale Corporation [COST] reported its earnings at $3.04 per share in the fiscal quarter closing of 8/30/2020. The Analysts for Wall Street were expecting to report its earnings at $2.84/share signifying the difference of 0.2 and 7.00% surprise value. Comparing the previous quarter ending of 5/30/2020, the stated earnings were $1.89 calling estimates for $1.95/share with the difference of -0.06 depicting the surprise of -3.10%.

Important Ratio’s To Watch

Meanwhile, turning our focus to liquidity, the Current Ratio for Costco Wholesale Corporation [NASDAQ:COST] is 1.10. Likewise, the Quick ratio is also the same, showing Cash ratio at 0.54. Now if looking for a valuation of this stock’s amount to sales ratio it’s 0.93, it’s amount to book ratio is 8.41 and showing 41.43 of P/E (TTM) ratio.

Insider Stories

The most recent insider trade was by DENMAN KENNETH D, Director, and it was the sale of 300.0 shares on Sep 30. PORTERA JOSEPH P, the Executive VP, completed a sale of 6000.0 shares on Sep 29. On Sep 28, DECKER SUSAN L, Director, completed a sale of 2500.0 shares.