Costco Wholesale Corporation (NASDAQ:COST) saw a downside of -0.48% to close Monday at $449.70 after subtracting -$2.15 on the day. The 5-day average trading volume is 1,533,380 shares of the company’s common stock. It has gained $459.59 in the past week. An average of 1,989,060 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,736,000.
COST’s 1-month performance is -3.32% or -$15.46 on its low of $436.17 reached on 10/04/21. The company’s shares have touched a 52-week low of $307.00 and high of $470.49, with the stock’s rally to the 52-week high happening on 09/27/21. YTD, COST has achieved 19.35% or $72.92. However, the current price is down -4.42%% from the 52-week high price.
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On Aug 13, 60 days have gone by since the last insider trading activity for Costco Wholesale Corporation (COST). PORTERA JOSEPH P (Executive VP) most recently sold 3,287 shares at $445.50 per share on Aug 13. This transaction cost the insider $1,464,358. Executive VP, Vachris Roland Michael, sold 4,000 shares at a price of $409.40 on Jul 12. Then, on Jun 28, Executive VP Rose Timothy L. sold 4,000 shares at a price of $396.14 per share. This transaction amounted to $1,584,560.
The company’s PE ratio for the last five years has touched a high of 43.14 and a low of 25.43. COST stock has a beta of 0.63. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 1.02 while the price-to-book (PB) in the most recent quarter is 11.35.
Costco Wholesale Corporation pays an annual dividend of $3.16 per share. Its dividend yield is 0.70% and the payout ratio is 25.60%. COST’s most recent quarterly dividend payment was made on Aug. 13, when it paid $0.79 a share compared with prior rate of $0.79, down 0.0% from last year’s. The company has boosted its dividend for the last 1 consecutive years with the latest dividend increase of $0.09 reported on Wednesday April 14 2021. Measured over the last 3 years, the Dividend has been growing by 41.03% yearly.
It is projected that Costco Wholesale Corporation’s next ex-dividend date will be on 1-Nov. COST is expected to distribute $0.79 as its next dividend.
Costco Wholesale Corporation’s quick ratio for the period ended August 30 was 0.50, with the current ratio over the same period at 1.00 meaning that COST stock is not able to fulfill its debt obligations. As well, the company’s long term debt to equity for the quarter ending August 30 was 0.38, while the total debt to equity was 0.43. In terms of profitability, the gross margin trailing 12 months is 12.90%. The trailing 12-month EBITDA margin is 4.78% while for the period ending August 30; Costco Wholesale Corporation’s operating margin was 3.40%. The firm’s gross profit as reported stood at $25.25 billion against revenue of $195.93 billion.
For the quarterly period ending August 30 this year, Costco Wholesale Corporation’s cash and short-term investments amounted to $917.0 million against total debt of $11.41 billion. Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 14.83% to $62.67 billion, while revenue of $45.28 billion was 27.76% off the previous quarter. Analysts expected COST to announce $3.57 per share in earnings in its latest quarter, but it posted $3.9, representing a 9.20% surprise. COST stock balance sheet for the quarter ending August 30 shows that total liabilities totaled 41.19 billion, with total debt at $11.41 billion
Let’s look briefly at Costco Wholesale Corporation (COST) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 11 October was 46.90% to suggest the stock is trending Neutral, with historical volatility in this time period at 14.92%.
The stock’s 5-day moving average is $450.00, reflecting a +2.17% or $9.56 change from its current price. COST is currently trading -2.17% above its 20-day SMA, +18.45% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by +4.65% and +24.26% respectively.
Stochastic %K and %D was 44.60% and 42.55% and the average true range (ATR) pointed at 8.34. The RSI (14) points at 48.11%, while the 14-day stochastic is at 39.43% with the period’s ATR at 8.09. The stock’s 9-day MACD Oscillator is pointing at 2.63 and 0.02 on the 14-day charts.
In the most recent analyst report for Costco Wholesale Corporation (NASDAQ: COST), Telsey Advisory Group reiterated its an Outperform rating for the company but lifted their price target by $395 to $415. Analysts offering their rating for COST stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate COST as a “sell,”, while 10 advise that investors “Hold.” 1 analysts have rated the stock as underweight. 4 rates the stock as overweight while 17 have offered a “buy” rating.
What is COST’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $385.00 and a high of $525.00, with their median price target at $500.00. Looking at these predictions, the average price target given by analysts is for Costco Wholesale Corporation (COST) stock is $490.04.