Shares of Costco ( NASDAQ:COST) took a hit on Friday. The stock declined as much as 7.5% and finished the trading day down about 4.1%. The warehouse club stock's decline was likely primarily due to growing fears about the COVID-19 coronavirus' impact on the global economy.
Full Answer
Why did Costco stock fall despite comps growth?
The 100 analysts offering price forecasts for Costco Wholesale have a median target of 444.36, with a high estimate of 645.00 and a low estimate of 297.00. The median estimate represents a …
Should you Buy Costco stock ahead of earnings?
Feb 10, 2022 · In hindsight, investors may have overreacted when they cashed out of this name. Second, COST stock has been bouncing back thanks to a strong January sales report. For the month, its U.S. same ...
Will Costco split soon?
Aug 07, 2014 · Shares of Costco Wholesale (COST) are down as retailers posted slightly lower-than-expected sales in July. ... Why Costco (COST) Stock Is Falling Today. ... going from $459.00 million to $473.00 ...
Why are Costco prices so low?
May 06, 2022 · Costco Wholesale's stock was trading at $297.43 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, COST shares have increased by 69.2% and is now trading at $503.36.
Is Costco a good stock to buy right now?
Is Costco a buy or hold?
Is Costco stock expected to go up?
Who owns the most stock in Costco?
| Stockholder | Stake | Shares owned |
|---|---|---|
| The Vanguard Group, Inc. | 8.06% | 35,729,782 |
| BlackRock Fund Advisors | 4.67% | 20,694,747 |
| SSgA Funds Management, Inc. | 4.13% | 18,301,225 |
| Fidelity Management & Research Co... | 2.22% | 9,830,521 |
What are the predictions for Costco stock?
The 26 analysts offering 12-month price forecasts for Costco Wholesale Corp have a median target of 600.00, with a high estimate of 670.00 and a low estimate of 525.00. The median estimate represents a +20.66% increase from the last price of 497.27.
Is Apple a buy or sell?
What is the 52 week high for Costco stock?
| Previous Close | 486.18 |
|---|---|
| Day's Range | 489.70 - 498.79 |
| 52 Week Range | 375.50 - 612.27 |
| Volume | 2,104,398 |
| Avg. Volume | 2,571,167 |
How high will Home Depot stock go?
The 29 analysts offering 12-month price forecasts for Home Depot Inc have a median target of 370.00, with a high estimate of 470.00 and a low estimate of 310.00.
Is Costco undervalued?
Who owns Costco Kirkland?
Is Costco owned by Target?
Do the Waltons own Costco?
How many stores does Costco have?
Costco operates 800 stores worldwide. The strong foothold in overseas markets puts Costco in the catbird seat to widen its competitive moat versus others in retail over time. For Costco, that means more recurring revenue from global memberships to build more e-commerce capabilities and warehouses.
How many Costco stores are there in the world?
Costco operates 800 stores worldwide.
Is the S&P 500 up in 2021?
The S&P 500 is up roughly 15% across 2021's trading, but concerns related to the pandemic and inflation are also creating volatility. Airbnb (NASDAQ: ABNB) has already disrupted the travel space, and its name is virtually synonymous with the short-term vacation rental category.
Is Costco Wholesale a buy right now?
21 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Costco Wholesale in the last twelve months. There are currently 7 hold ratings and 14 buy ratings for the stock.
What stocks does MarketBeat like better than Costco Wholesale?
Wall Street analysts have given Costco Wholesale a "Buy" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Costco Wholesale wasn't one of them.
Are investors shorting Costco Wholesale?
Costco Wholesale saw a increase in short interest in July. As of July 30th, there was short interest totaling 5,200,000 shares, an increase of 13.5% from the July 15th total of 4,580,000 shares. Based on an average trading volume of 1,850,000 shares, the days-to-cover ratio is currently 2.8 days.
When is Costco Wholesale's next earnings date?
Costco Wholesale is scheduled to release its next quarterly earnings announcement on Thursday, September 23rd 2021.#N#View our earnings forecast for Costco Wholesale.
How can I listen to Costco Wholesale's earnings call?
Costco Wholesale will be holding an earnings conference call on Thursday, September 23rd at 5:00 PM Eastern. Interested parties can register for or listen to the call using this link.
How were Costco Wholesale's earnings last quarter?
Costco Wholesale Co. (NASDAQ:COST) released its earnings results on Wednesday, May, 26th. The retailer reported $2.75 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.28 by $0.47. The retailer had revenue of $44.38 billion for the quarter, compared to analyst estimates of $43.82 billion.
How has Costco Wholesale's stock price been impacted by COVID-19 (Coronavirus)?
Costco Wholesale's stock was trading at $297.43 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, COST shares have increased by 56.4% and is now trading at $465.16.#N#View which stocks have been most impacted by COVID-19.
COST Target Price
COST price target in 14 days: 480.418 USD* upside and 463.935 USD* downside. (Highest and lowest possible predicted price in a 14 day period)
Costco Wholesale Corp ( COST ) Stock Market info
Recommendations: Buy or sell Costco Wholesale stock? Wall Street Stock Market & Finance report, prediction for the future: You'll find the Costco Wholesale share forecasts, stock quote and buy / sell signals below.
Costco Wholesale Corp ( COST ) Stock Price Prediction, Stock Forecast for next months and years
Below you will find the price predictions for 2021, 2022, 2023, 2024, 2025, 2026.
Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Friday, August 20, 2021, and so far it has fallen -0.54%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 months Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss
On the downside, the stock finds support just below today's level from accumulated volume at $407.88 and $380.88. There is natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level.
Is Costco Wholesale Corporation stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Costco Wholesale Corporation stock to perform well in the short-term.
Proving The Doubters Wrong
- Costco Wholesale was one of the retail industry's pandemic-era winners, as consumers looked to cut down on shopping trips by buying in bulk. Adjusted comparable sales (excluding the impact of changes in gas prices and foreign exchange rates) grew 9.2% in fiscal 2020, with double-digit growth in the second half of the fiscal year (roughly corresponding to the first six months of the …
How Much Growth Is Sustainable?
- Analysts expect Costco to record about $214 billion of revenue in fiscal 2022: up 40% from the $153 billion it generated in fiscal 2019. That said, investors shouldn't expect Costco's revenue to continue rising at a double-digit compound annual growth rate as it has over the past three years. First, inflation has accelerated to more than 5% recently, after averaging less than 2% over the p…
The valuation Looks Stretched
- Following its recent rally, Costco stock trades for 41 times its projected fiscal 2022 earnings: its highest earnings multiple in more than two decades. Clearly, investors have very high expectations today. If Costco can grow its revenue at a double-digit annual rate for the next five years or more, Costco stock could perform very well despite its ...