Costco Wholesale Corporation [NASDAQ: COST] closed the trading session at $392.07 on 06/24/21. The day’s price range saw the stock hit a low of $391.795, while the highest price level was $395.50. The company report on June 4, 2021 that Costco Wholesale Corporation Reports May Sales Results.
Costco Wholesale Corporation (“Costco” or the “Company”) (Nasdaq: COST) reported net sales of $15.59 billion for the retail month of May, the four weeks ended May 30, 2021, an increase of 24.2 percent from $12.55 billion last year.
For the thirty-nine weeks ended May 30, 2021, the Company reported net sales of $142.17 billion, an increase of 18.3 percent from $120.19 billion last year.
The stocks have a year to date performance of 4.06 percent and weekly performance of 1.90 percent. The stock has been moved at 8.30 percent over the last six months. The stock has performed 1.74 percent around the most recent 30 days and changed 13.20 percent over the most recent 3-months.
If compared to the average trading volume of 2.10M shares, COST reached to a volume of 1481609 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about Costco Wholesale Corporation [COST]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for COST shares is $408.41 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on COST stock is a recommendation set at 2.10. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Telsey Advisory Group have made an estimate for Costco Wholesale Corporation shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on May 28, 2021. While these analysts kept the previous recommendation, Telsey Advisory Group raised their target price from $375 to $390. The new note on the price target was released on May 03, 2021, representing the official price target for Costco Wholesale Corporation stock. Previously, the target price had yet another raise from $340 to $370, while Wells Fargo kept a Overweight rating on COST stock. On March 05, 2021, analysts decreased their price target for COST shares from 430 to 375.
The Average True Range (ATR) for Costco Wholesale Corporation is set at 5.12, with the Price to Sales ratio for COST stock in the period of the last 12 months amounting to 0.94. The Price to Book ratio for the last quarter was 10.54, with the Price to Cash per share for the same quarter was set at 24.91. Price to Free Cash Flow for COST in the course of the last twelve months was 140.63 with Quick ratio for the last quarter at 0.50.
COST stock trade performance evaluation
Costco Wholesale Corporation [COST] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 1.90. With this latest performance, COST shares gained by 1.74% in over the last four-week period, additionally plugging by 8.30% over the last 6 months – not to mention a rise of 35.00% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for COST stock in for the last two-week period is set at 61.63, with the RSI for the last a single of trading hit 64.87, and the three-weeks RSI is set at 60.18 for Costco Wholesale Corporation [COST]. The present Moving Average for the last 50 days of trading for this stock 379.70, while it was recorded at 388.78 for the last single week of trading, and 364.45 for the last 200 days.
Costco Wholesale Corporation [COST]: An insightful look at the core fundamentals
Operating Margin for any stock indicates how profitable investing would be, and Costco Wholesale Corporation [COST] shares currently have an operating margin of +3.64 and a Gross Margin at +13.15. Costco Wholesale Corporation’s Net Margin is presently recorded at +2.40.
Return on Total Capital for COST is now 23.10, given the latest momentum, and Return on Invested Capital for the company is 16.08. Return on Equity for this stock inclined to 23.87, with Return on Assets sitting at 7.93. When it comes to the capital structure of this company, Costco Wholesale Corporation [COST] has a Total Debt to Total Equity ratio set at 60.63. Additionally, COST Total Debt to Total Capital is recorded at 37.75, with Total Debt to Total Assets ending up at 19.95. Long-Term Debt to Equity for the company is recorded at 58.68, with the Long-Term Debt to Total Capital now at 36.53.
Reflecting on the efficiency of the workforce at the company, Costco Wholesale Corporation [COST] managed to generate an average of $14,659 per employee. Receivables Turnover for the company is 108.11 with a Total Asset Turnover recorded at a value of 3.30.Costco Wholesale Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.50 and a Current Ratio set at 1.00.
Earnings per share (EPS) analysis for Costco Wholesale Corporation [COST] stock
With the latest financial reports released by the company, Costco Wholesale Corporation posted 3.04/share EPS, while the average EPS was predicted by analysts to be reported at 2.84/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 7.00%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for COST. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Costco Wholesale Corporation go to 10.47%.
Costco Wholesale Corporation [COST]: Insider Ownership positions
There are presently around $115,930 million, or 68.30% of COST stock, in the hands of institutional investors. The top three institutional holders of COST stocks are: VANGUARD GROUP INC with ownership of 36,852,691, which is approximately -0.255% of the company’s market cap and around 0.22% of the total institutional ownership; BLACKROCK INC., holding 29,726,284 shares of the stock with an approximate value of $11.65 billion in COST stocks shares; and STATE STREET CORP, currently with $6.52 billion in COST stock with ownership of nearly -3.031% of the company’s market capitalization.
Positions in Costco Wholesale Corporation stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 1,278 institutional holders increased their position in Costco Wholesale Corporation [NASDAQ:COST] by around 15,889,966 shares. Additionally, 922 investors decreased positions by around 22,713,379 shares, while 282 investors held positions by with 257,083,363 shares. The mentioned changes placed institutional holdings at 295,686,708 shares, according to the latest SEC report filing. COST stock had 158 new institutional investments in for a total of 1,601,226 shares, while 129 institutional investors sold positions of 682,267 shares during the same period.