Costco Wholesale Corp (NASDAQ: COST) has a higher price-to-earnings ratio of 47.01x compared to its average ratio. COST has 36-month beta value of 0.77. Analysts have mixed views on the stock, with 11 analysts rating it as a “buy,” 7 as “overweight,” 11 as “hold,” and 0 as “sell.”
The public float for COST is 441.38M, and currently, short sellers hold a 1.53% ratio of that float. The average trading volume of COST on April 10, 2024 was 2.13M shares.
COST) stock’s latest price update
The stock price of Costco Wholesale Corp (NASDAQ: COST) has surged by 0.95 when compared to previous closing price of 711.81, but the company has seen a 1.02% gain in its stock price over the last five trading sessions. InvestorPlace reported 2024-04-09 that Costco (NASDAQ: COST ) is known for providing bulk items at incredibly low prices, but recently, many investors have increasingly been talking about Costco gold bars as the latest draw to bring folks through the door. (Yup, maybe as much as the $5 chickens and $1.50 hotdog & drink combos).
COST’s Market Performance
COST’s stock has risen by 1.02% in the past week, with a monthly drop of -0.96% and a quarterly rise of 8.60%. The volatility ratio for the week is 1.55% while the volatility levels for the last 30 days are 1.43% for Costco Wholesale Corp The simple moving average for the past 20 days is -1.02% for COST’s stock, with a 17.81% simple moving average for the past 200 days.
Analysts’ Opinion of COST
Many brokerage firms have already submitted their reports for COST stocks, with Gordon Haskett repeating the rating for COST by listing it as a “Accumulate.” The predicted price for COST in the upcoming period, according to Gordon Haskett is $775 based on the research report published on April 03, 2024 of the current year 2024.
Telsey Advisory Group, on the other hand, stated in their research note that they expect to see COST reach a price target of $800, previously predicting the price at $785. The rating they have provided for COST stocks is “Outperform” according to the report published on March 08th, 2024.
Telsey Advisory Group gave a rating of “Outperform” to COST, setting the target price at $785 in the report published on March 04th of the current year.
COST Trading at -1.19% from the 50-Day Moving Average
After a stumble in the market that brought COST to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -8.70% of loss for the given period.
Volatility was left at 1.43%, however, over the last 30 days, the volatility rate increased by 1.55%, as shares surge +0.63% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +4.62% upper at present.
During the last 5 trading sessions, COST rose by +1.02%, which changed the moving average for the period of 200-days by +37.08% in comparison to the 20-day moving average, which settled at $726.22. In addition, Costco Wholesale Corp saw 8.86% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at COST starting from Callans Patrick J, who sale 2,500 shares at the price of $714.86 back on Mar 11 ’24. After this action, Callans Patrick J now owns 62,895 shares of Costco Wholesale Corp, valued at $1,787,150 using the latest closing price.
Adamo Claudine, the Executive Vice President of Costco Wholesale Corp, sale 1,500 shares at $714.83 during a trade that took place back on Mar 11 ’24, which means that Adamo Claudine is holding 6,695 shares at $1,072,238 based on the most recent closing price.
Stock Fundamentals for COST
Current profitability levels for the company are sitting at:
- 0.03 for the present operating margin
- 0.12 for the gross margin
The net margin for Costco Wholesale Corp stands at 0.03. The total capital return value is set at 0.27. Equity return is now at value 31.20, with 10.20 for asset returns.
Based on Costco Wholesale Corp (COST), the company’s capital structure generated 0.25 points at debt to capital in total, while cash flow to debt ratio is standing at 1.53. The debt to equity ratio resting at 0.33. The interest coverage ratio of the stock is 654.31.
Currently, EBITDA for the company is 10.72 billion with net debt to EBITDA at 0.03. When we switch over and look at the enterprise to sales, we see a ratio of 1.28. The receivables turnover for the company is 89.54for trailing twelve months and the total asset turnover is 3.75. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.93.
Conclusion
To put it simply, Costco Wholesale Corp (COST) has had a better performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
