Looking into the technicals, Costco Wholesale Corporation (NASDAQ:COST) has scored 32% Buy indication. The stock is also flashing a Buy from the Barchart TrendSpotter trading system. Traders hoping to speculate on the COST’s short-term trajectory should know that short terms indicators for the stock averaged 0% Hold with an average daily trading volume over the past 20 days at 1639315 shares. COST stock has overall a 0.25% Buy signal considering medium term indicators and the 50-day average daily volume remained almost 2108794 shares. It’s also worth noting that the stock, whose average daily volume over the 100 days prior to this writing was 2389551 shares, is 67% Buy on the basis of long term indicators.
The share price is currently staying around the first support level of $240.99. Below this, the next support is placed in the zone of $240.04. Till the time, the COST stock trades above this level, bulls have nothing to fear. On momentum oscillators front, ‘RSI’ has touched 60.23 on daily chart, which may remain a cause for concern. If the price breaks below $240.04 level on closing basis, then we may see more profit booking and the stock may show further weakness. On the flipside, hitting the $242.81 mark may result into a pull-back move towards $243.68 level.
Costco Wholesale Corporation (COST) is projected to climb by 0.64 percent over the next 12 months, according to price target estimates compiled by finviz. Meanwhile, they have set a $280-month high price target. This represents a whopping 15.73 percent increase from where shares are trading today. The 12-month median price target assigned by the analysts stands at $250, which represents a return potential of 3.33 percent when compared to the closing price of the stock of $241.95 on Friday, April 12. The lowest price target for the stock is $210 — slightly more than -13.21 percent from COST’s current share price.
Here’s a rundown of insider trading activity for sense of Costco Wholesale Corporation (NASDAQ:COST). The earliest insider trade took place on 04/01/2019. MEISENBACH JOHN W gathered a total of 3 thousand shares of company at average share price of $242.65. The total for the purchase was set at $727.95 thousand. After this transaction, the Director account balance stood at 24.83 thousand shares. The stock lost -0.29 percent since that insider purchase. On 03/26/2019, DECKER SUSAN L, Director, sold 2.35 thousand shares at a price per share of $240. This removed 564 thousand shares from the insider’s fortune and the stock saw a 0.81 percent rally in value since the news became public. This transaction left 46.24 thousand shares in the Director account. On 03/13/2019, Executive VP Rose Timothy L. performed a sale transaction worth $1.41 million. This sale at $234.27 each has eliminated 6 thousand shares from the insider’s portfolio position. Meanwhile, shares have recorded 3.28 percent increase since the transaction was reported. The insider now is left with 20.97 thousand shares remaining in the account. DECKER SUSAN L, who performs the Director job, sold 2.05 thousand shares for $475.37 thousand. The disposal occurred on 03/12/2019 was priced at $232 per share. The share price soared 4.29 percent since the reporting date. DECKER SUSAN L now left with a stake of 48.59 thousand COST stock worth $11.76 million after the insider selling.
COST shares accumulated 0.71 points or 0.29 percent on Friday to $241.95 with a light trade volume of 2.088 million shares. After opening the session at $241.51, the shares went as high as $242.72 and as low as $240.9, the range within which the stock’s price traded throughout the day. The firm is left with a market cap of $107 billion and now has 440.28 million shares outstanding. Costco Wholesale Corporation (COST) stock has gained 3.47 percent of market value in 21 trading days.
Analysts at Telsey Advisory Group lifted target price for shares of Costco Wholesale Corporation (NASDAQ:COST) but repeated their Outperform recommendation for the stock in their opinion released on April 09. The price target has been raised from $250 to $265.
COST stock has a trailing 3-year beta of 0.95, offering the possibility of a lower rate of return, but also posing less risk. The portion of a company’s profit allocated to each outstanding share of common stock was $7.58 a share in the trailing twelve months. The stock’s value has surged 18.77 percent year to date (YTD) against a rise of 28.14 percent in 12 month’s time. The company’s shares still trade -2.08 percent away from its 1-year high of $247.09 and 30.43 percent up from 52-week low of $185.49. The average consensus rating on the company is 2.2, on a scale where 5 equates to a unanimous sell rating. In short, the mean analyst recommendations are calling this stock a sell.
Shares of Costco Wholesale Corporation (COST) are trading at a P/E ratio of 31.93 times earnings reported for the past 12 months. The industry COST operates in has an average P/E of 26.2. Its P/E ratio went as low as 24.22X and as high as 32.67 over the 5-year span. Further, it is sporting a 0.72 on the Price-to-Sales ratio. Compare this with the industry average P/S of 1.31. 13 percent is the gross profit margin for Costco Wholesale Corporation and operating margin sits at 3.2 percent. Along with this, the net profit margin is 2.3 percent.
COST will be declaring its Q3 financial results on May 30. Analysts are forecasting revenue to climb 6.9 percent to $34.6B in the next fiscal quarter, while earnings are seen soaring by nearly 7.06 percent to $1.82 per share. History has shown that shares in Costco Wholesale Corporation have gone down on 20 different earnings reaction days. In last reported earnings results, it earned $2.01 per share, better than the $1.69, adjusted, expected by Thomson Reuters consensus estimate. Revenue was $35.4B, worse than the $35.7B analysts expected. Earnings are estimated to increase by 17.5 percent this year, 6.91 percent next year and continue to increase by 10.68 percent annually for the next 5 years.
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