A share price of Costco Wholesale Corp [COST] is currently trading at $731.54, up 0.81%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The COST shares have gain 2.45% over the last week, with a monthly amount glided 0.97%, and seem to be holding up well over a long-time horizon.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
On 7, March 2024, Costco Wholesale Corporation Reports Second Quarter and Year-to-Date Operating Results for Fiscal 2024 and February Sales Results. In a post published today on Yahoo Finance, Costco Wholesale Corporation (“Costco” or the “Company”) (Nasdaq: COST) today announced its operating results for the second quarter (twelve weeks) and the first 24 weeks of fiscal 2024, ended February 18, 2024.
From an analyst’s perspective:
Costco Wholesale Corp [NASDAQ: COST] stock has seen the most recent analyst activity on March 08, 2024, when Telsey Advisory Group reiterated its Outperform rating and also boosted its price target to $800 from $785. Previously, Telsey Advisory Group reaffirmed its Outperform rating on March 04, 2024, and elevated its price target to $785. On February 06, 2024, Telsey Advisory Group reiterated its Outperform rating and revised its price target to $750 on the stock. Northcoast downgraded its rating to a Neutral but stick to its price target of $620 on December 20, 2023. Telsey Advisory Group reiterated its recommendation of a Outperform and raised its price target to $700 on December 15, 2023. Telsey Advisory Group reiterated a Outperform rating for this stock on November 30, 2023, and upped its price target to $625. In a note dated September 22, 2023, HSBC Securities initiated an Hold rating and provided a target price of $600 on this stock.
Costco Wholesale Corp experienced fluctuations in its stock price throughout the past year between $466.15 and $787.08. Currently, Wall Street analysts expect the stock to reach $620.93 within the next 12 months. Costco Wholesale Corp [NASDAQ: COST] shares were valued at $731.54 at the most recent close of the market. An investor can expect a potential drop of -15.12% based on the average COST price forecast.
Analyzing the COST fundamentals
Trailing Twelve Months sales for Costco Wholesale Corp [NASDAQ:COST] were 248.83B which represents 5.75% growth. 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 0.1, Equity is 0.28 and Total Capital is 0.27. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.33.
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 727.26 points at the first support level, and at 722.98 for the second support level. However, for the 1st resistance point, the stock is sitting at 734.58, and for the 2nd resistance point, it is at 737.62.
Costco Wholesale Corp [COST] reported earnings per share of $3.92 for its fiscal quarter that ended on 2/28/2024. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $3.62/share, meaning a difference of $0.3 and a surprise factor of 8.30%. By comparison, the stated earnings for the previous quarter ended on 11/29/2023 were $3.58 per share as compared to estimates of $3.42 per share, a difference of $0.16 representing a surprise of 4.70%.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Costco Wholesale Corp [NASDAQ:COST] is 0.93. As well, the Quick Ratio is 0.43, while the Cash Ratio is 0.26. Considering the valuation of this stock, the price to sales ratio is 1.30, the price to book ratio is 15.63 and price to earnings (TTM) ratio is 47.86.
Transactions by insiders
Recent insider trading involved Callans Patrick J, Executive VP, that happened on Mar 11 ’24 when 2500.0 shares were sold. Executive Vice President, Adamo Claudine completed a deal on Mar 11 ’24 to sell 1500.0 shares. Meanwhile, Director DECKER SUSAN L sold 1442.0 shares on Feb 09 ’24.
