Costco Wholesale Corporation [NASDAQ: COST] slipped around -8.92 points on Thursday, while shares priced at $516.88 at the close of the session, down -1.70%. The company report on January 6, 2022 that Reed’s® Launches Ready-to-Drink Zero Sugar Classic Mule in Costco.
Initial Launch Includes Distribution to 28 Locations Throughout the Southeast.
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Reed’s Inc.® (NASDAQ: REED), owner of the nation’s leading portfolio of handcrafted, all-natural ginger beverages, announced today that Reed’s® Zero Sugar Classic Mule is now available at select Costco Wholesale (NASDAQ: COST) locations in the Southeast.
Costco Wholesale Corporation stock is now -8.95% down from its year-to-date (YTD) trading value. COST Stock saw the intraday high of $529.05 and lowest of $515.23 per share. The company’s 52-week high price is 571.49, which means current price is +1.65% above from all time high which was touched on 01/04/22.
Compared to the average trading volume of 2.31M shares, COST reached a trading volume of 2389464 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus 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 $555.83 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 2.20. 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.
Truist have made an estimate for Costco Wholesale Corporation shares, keeping their opinion on the stock as Buy, with their previous recommendation back on January 13, 2022. While these analysts kept the previous recommendation, Wells Fargo raised their target price from $550 to $600. The new note on the price target was released on December 10, 2021, representing the official price target for Costco Wholesale Corporation stock. Previously, the target price had yet another raise from $590 to $600, while UBS kept a Buy rating on COST stock. On December 10, 2021, analysts increased their price target for COST shares from 600 to 610.
The Average True Range (ATR) for Costco Wholesale Corporation is set at 13.48, with the Price to Sales ratio for COST stock in the period of the last 12 months amounting to 1.16. The Price to Book ratio for the last quarter was 12.41, with the Price to Cash per share for the same quarter was set at 29.64. Price to Free Cash Flow for COST in the course of the last twelve months was 7581.46 with Quick ratio for the last quarter at 0.50.
How has COST stock performed recently?
Costco Wholesale Corporation [COST] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -5.99. With this latest performance, COST shares dropped by -5.22% in over the last four-week period, additionally plugging by 25.95% over the last 6 months – not to mention a rise of 42.65% 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 36.50, with the RSI for the last a single of trading hit 28.57, and the three-weeks RSI is set at 42.22 for Costco Wholesale Corporation [COST]. The present Moving Average for the last 50 days of trading for this stock 538.05, while it was recorded at 523.94 for the last single week of trading, and 447.94 for the last 200 days.
Costco Wholesale Corporation [COST]: Deeper insight into the fundamentals
Operating Margin for any stock indicates how profitable investing would be, and Costco Wholesale Corporation [COST] shares currently have an operating margin of +3.73 and a Gross Margin at +12.88. Costco Wholesale Corporation’s Net Margin is presently recorded at +2.56.
Return on Total Capital for COST is now 24.63, given the latest momentum, and Return on Invested Capital for the company is 17.60. Return on Equity for this stock inclined to 27.93, with Return on Assets sitting at 8.72. When it comes to the capital structure of this company, Costco Wholesale Corporation [COST] has a Total Debt to Total Equity ratio set at 64.95. Additionally, COST Total Debt to Total Capital is recorded at 39.37, with Total Debt to Total Assets ending up at 19.25. Long-Term Debt to Equity for the company is recorded at 58.72, with the Long-Term Debt to Total Capital now at 35.60.
Reflecting on the efficiency of the workforce at the company, Costco Wholesale Corporation [COST] managed to generate an average of $17,385 per employee. Receivables Turnover for the company is 116.87 with a Total Asset Turnover recorded at a value of 3.41.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 analysis for Costco Wholesale Corporation [COST]
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 9.98%.
Insider trade positions for Costco Wholesale Corporation [COST]
There are presently around $155,647 million, or 68.80% of COST stock, in the hands of institutional investors. The top three institutional holders of COST stocks are: VANGUARD GROUP INC with ownership of 37,336,019, which is approximately 0.895% of the company’s market cap and around 0.20% of the total institutional ownership; BLACKROCK INC., holding 30,134,123 shares of the stock with an approximate value of $15.84 billion in COST stocks shares; and STATE STREET CORP, currently with $8.73 billion in COST stock with ownership of nearly -0.878% of the company’s market capitalization.
Positions in Costco Wholesale Corporation stocks held by institutional investors increased at the end of December and at the time of the December reporting period, where 1,145 institutional holders increased their position in Costco Wholesale Corporation [NASDAQ:COST] by around 10,103,362 shares. Additionally, 997 investors decreased positions by around 9,412,367 shares, while 386 investors held positions by with 276,503,921 shares. The mentioned changes placed institutional holdings at 296,019,650 shares, according to the latest SEC report filing. COST stock had 169 new institutional investments in for a total of 2,424,340 shares, while 72 institutional investors sold positions of 581,344 shares during the same period.