Costco raising membership fees for first time in six years

Mar 04, 2017, 00:46

Costco, the popular warehouse store known for the variety of items it sells at low prices, has just gotten a little more expensive. Global X Management Co.

"Costco has carved out its turf in an increasingly online-encroached world (and growth-scarce consumer retail/staples world) through its value leadership with a limited assortment of great merchandise in large pack sizes at unbeatable prices", J.P. Morgan analysts said in a note earlier this week, according to MarketWatch. Following the transaction, the vice president now owns 7,123 shares in the company, valued at $1,152,002.79. Finally, Sanford C. Bernstein began coverage on Costco Wholesale Corporation in a research report on Monday, February 6th. Signaturefd LLC increased its position in Costco Wholesale Corporation by 81.4% in the second quarter.

The Stock has Weekly volatility of 1.08% and monthly volatility of 1.09%. Institutional investors and hedge funds own 71.44% of the company's stock. The firm has a market capitalization of $71.52 billion, a P/E ratio of 29.71 and a beta of 0.85. The firm has a 50-day moving average price of $167.48 and a 200 day moving average price of $158.20.

Relative strength index (RSI-14) for Costco Wholesale Corporation (COST) is at 76.58. The retailer reported $1.17 earnings per share for the quarter, missing the consensus estimate of $1.36 by $0.19.

02/06/2017 - Sanford C. Bernstein began new coverage on Costco Wholesale Corporation giving the company a " rating. The business earned $28.10 billion during the quarter, compared to the consensus estimate of $28.30 billion.

EPS growth in next year is estimated to reach 10.96% while EPS growth estimate for this year is set at -0.70%. Costco's revenue was $29.13 billion, whereas the forecast was for $29.86 billion. During the same quarter past year, the firm earned $1.24 EPS. Part of the data in this report is derived from Zacks Research and FactSet.

Receive Costco Wholesale Corporation News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Costco Wholesale Corporation with MarketBeat.com's FREE daily email newsletter. The count of Hold ratings in that period was 0. During the last trade, stock's minimum price has been reached out at $176.51 while the maximum trading price moved at $178.25. The company maintains price to book ratio of 4.13 vs.an industry average at 0.46.

Whether or not the company meets or beats this expectation, along with other factors, can often dictate where the share price might be headed in the near-term. Rating Scale; where 1.0 rating means Strong Buy, 2.0 rating signify Buy, 3.0 recommendation reveals Hold, 4.0 rating score shows Sell and 5.0 displays Strong Sell signal.

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