10-May-2024
Barclays spotlights 44 stocks to watch if inflation remains sticky
Seeking Alpha News (Sat, 11-May 10:00 AM ET)
Costco Maintains Buy Rating: Steady Sales and Solid Growth Prospects
TipRanks (Fri, 10-May 5:08 AM ET)
Analysts Conflicted on These Consumer Cyclical Names: Airbnb (ABNB) and Costco (COST)
TipRanks (Thu, 9-May 8:30 PM ET)
Instacart shares remain defensive despite upbeat Q1 results
Seeking Alpha News (Thu, 9-May 3:42 PM ET)
D.A. Davidson Reaffirms Their Hold Rating on Costco (COST)
TipRanks (Thu, 9-May 8:55 AM ET)
Analysts Are Bullish on Top Consumer Cyclical Stocks: National Vision Holdings (EYE), Costco (COST)
TipRanks (Thu, 9-May 8:10 AM ET)
Jefferies Sticks to Their Buy Rating for Costco (COST)
TipRanks (Thu, 9-May 7:59 AM ET)
Loop Capital Markets Sticks to Their Buy Rating for Costco (COST)
TipRanks (Thu, 9-May 7:58 AM ET)
TipRanks (Thu, 9-May 6:40 AM ET)
TipRanks (Thu, 9-May 6:31 AM ET)
Costco operates a membership-based, no-frills retail model, predicated on offering a select product assortment in bulk quantities at bargain prices. The firm avoids maintaining costly product displays by keeping inventory on pallets and limits distribution expenses by storing its inventory at point of sale in the warehouse. Given Costco's frugal cost structure, the firm is able to price its merchandise below competing retailers, driving high sales volume per warehouse and allowing the retailer to generate strong profits on thin margins. Costco operates over 600 warehouses in the United States and boasts over 60% market share in the domestic warehouse club industry. Internationally, Costco operates another 270 warehouses, primarily in markets such as Canada, Mexico, Japan, and the UK.
Costco Wholesale trades on the NASDAQ stock market under the symbol COST.
As of May 10, 2024, COST stock price climbed to $787.19 with 1,402,905 million shares trading.
COST has a beta of 0.82, meaning it tends to be less sensitive to market movements. COST has a correlation of 0.39 to the broad based SPY ETF.
COST has a market cap of $349.30 billion. This is considered a Mega Cap stock.
Last quarter Costco Wholesale reported $58 billion in Revenue and $3.71 earnings per share. This fell short of revenue expectation by $-718 million and exceeded earnings estimates by $.09.
In the last 3 years, COST stock traded as high as $787.45 and as low as $371.11.
The top ETF exchange traded funds that COST belongs to (by Net Assets): VTI, VOO, QQQ, SPY, IVV.
COST has outperformed the market in the last year with a price return of +61.4% while the SPY ETF gained +27.8%. COST has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +9.0% and +8.0%, respectively, while the SPY returned +4.2% and +2.5%, respectively.
COST support price is $769.47 and resistance is $788.61 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that COST stock will trade within this expected range on the day.