The price-to-earnings ratio for Costco Wholesale Corp (NASDAQ: COST) is 50.46x, which is above its average ratio. Moreover, the 36-month beta value for COST is 0.78. Analysts have varying opinions 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 441.44M and currently, short sellers hold a 1.43% of that float. On May 08, 2024, COST’s average trading volume was 2.01M shares.
COST) stock’s latest price update
Costco Wholesale Corp (NASDAQ: COST) has experienced a rise in its stock price by 1.96 compared to its previous closing price of 756.45. However, the company has seen a gain of 6.70% in its stock price over the last five trading days. The Motley Fool reported 2024-05-07 that Costco’s membership-based business model drives repeat-purchase behavior from consumers. Home Depot benefits from favorable industry tailwinds that should drive long-term demand.
COST’s Market Performance
Costco Wholesale Corp (COST) has experienced a 6.70% rise in stock performance for the past week, with a 8.36% rise in the past month, and a 8.51% rise in the past quarter. The volatility ratio for the week is 1.90%, and the volatility levels for the past 30 days are at 1.72% for COST.. The simple moving average for the past 20 days is 6.44% for COST’s stock, with a 22.45% 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 5.52% 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 -2.00% of loss for the given period.
Volatility was left at 1.72%, however, over the last 30 days, the volatility rate increased by 1.90%, as shares surge +7.34% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +3.48% upper at present.
During the last 5 trading sessions, COST rose by +6.70%, which changed the moving average for the period of 200-days by +38.26% in comparison to the 20-day moving average, which settled at $727.25. In addition, Costco Wholesale Corp saw 16.85% 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 Miller Russell D, who sale 785 shares at the price of $722.86 back on Apr 17 ’24. After this action, Miller Russell D now owns 10,000 shares of Costco Wholesale Corp, valued at $567,443 using the latest closing price.
Callans Patrick J, the Executive VP of Costco Wholesale Corp, sale 2,500 shares at $714.86 during a trade that took place back on Mar 11 ’24, which means that Callans Patrick J is holding 62,895 shares at $1,787,150 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 1.38. 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 wrap up, the performance of Costco Wholesale Corp (COST) has been better in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
