Costco Wholesale Corp [COST] stock is trading at $773.24, up 1.75%. An important factor to consider is whether the stock is rising or falling in short-term value. The COST shares have gain 3.38% over the last week, with a monthly amount glided 8.73%, and seem to be holding up well over a long-time horizon.
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On 7, February 2024, Costco Wholesale Corporation Reports January Sales Results. In a post published today on Yahoo Finance, Costco Wholesale Corporation (“Costco” or the “Company”) (Nasdaq: COST) today reported net sales of $22.08 billion for the retail month of January, the five weeks ended February 4, 2024 an increase of 4.5 percent from $21.13 billion last year.
From an analyst’s perspective:
Costco Wholesale Corp [NASDAQ: COST] stock has seen the most recent analyst activity on March 04, 2024, when Telsey Advisory Group reiterated its Outperform rating and also boosted its price target to $785 from $750. Previously, Telsey Advisory Group reaffirmed its Outperform rating on February 06, 2024, and elevated its price target to $750. On December 20, 2023, downgrade downgraded it’s rating to Neutral but maintained its price target of $620 on the stock. Telsey Advisory Group reiterated its Outperform rating and increased its price target to $700 on December 15, 2023. Telsey Advisory Group reiterated its recommendation of a Outperform and raised its price target to $625 on November 30, 2023. HSBC Securities started tracking with a Hold rating for this stock on September 22, 2023, and assigned it a price target of $600. In a note dated April 13, 2023, William Blair initiated an Outperform rating.
Costco Wholesale Corp [COST] stock has fluctuated between $456.42 and $769.27 over the past year. Currently, Wall Street analysts expect the stock to reach $592.7 within the next 12 months. Costco Wholesale Corp [NASDAQ: COST] shares were valued at $773.24 at the most recent close of the market. An investor can expect a potential drop of -23.35% based on the average COST price forecast.
Analyzing the COST fundamentals
Costco Wholesale Corp [NASDAQ:COST] reported sales of 245.65B for the trailing twelve months, which represents a growth of 6.18%. Gross Profit Margin for this corporation currently stands at 0.12% with Operating Profit Margin at 0.03%, Pretax Profit Margin comes in at 0.04%, and Net Profit Margin reading is 0.03%. To continue investigating profitability, this company’s Return on Assets is posted at 0.09, Equity is 0.27 and Total Capital is 0.23. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.36.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 766.22 points at the first support level, and at 759.19 for the second support level. However, for the 1st resistance point, the stock is sitting at 777.71, and for the 2nd resistance point, it is at 782.18.
Costco Wholesale Corp [COST] reported earnings per share of $3.58 for its fiscal quarter that ended on 11/29/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $3.42/share, meaning a difference of $0.16 and a surprise factor of 4.70%. By comparison, the stated earnings for the previous quarter ended on 8/30/2023 were $4.86 per share as compared to estimates of $4.79 per share, a difference of $0.07 representing a surprise of 1.50%.
Ratios To Look Out For
For context, Costco Wholesale Corp’s Current Ratio is 1.09. On the other hand, the Quick Ratio is 0.60, and the Cash Ratio is 0.46. Considering the valuation of this stock, the price to sales ratio is 1.40, the price to book ratio is 13.12 and price to earnings (TTM) ratio is 52.73.
Transactions by insiders
Recent insider trading involved DECKER SUSAN L, Director, that happened on Feb 09 ’24 when 1442.0 shares were sold. Director, JELINEK W CRAIG completed a deal on Jan 23 ’24 to sell 8000.0 shares. Meanwhile, Executive VP Rubanenko Yoram sold 2500.0 shares on Jan 18 ’24.
