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'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 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.

  • Russia Ceases Bombing US Allies in Syria After Deconfliction Call - Coalition

    Townsend said the still talking to Turkey about whether and how Turkish forces might be involved in an assault on Raqqa. He referred to the Syrian forces to disclose the number and extent of the casualties.

    Best and worst cities for traffic in South Africa

    The company said countries are ranked by a weighted average of their cities' peak hours spent in traffic congestion a year ago . NYC had the top daytime congestion on arterials and city streets, while San Francisco ranked first during peak times.
    Tuesday's Champions League games make goal-scoring history

    Tuesday's Champions League games make goal-scoring history

    I am not surprised Guardiola says his side will fly to Monaco for the second leg looking to score as many goals as possible. I've been to St Etienne a few times as a fan and while they don't get huge numbers it's quite a hostile stadium to go into.
  • Jones, Ford call for World Rugby intervention after Italy 'no-ruck' tactics

    England's eventual bonus-point win over the Azzurri edges them ever closer to a title-decider against Ireland in Dublin on Saturday, March 18.
    Paul: Stop 'hysteria' on Trump, Russia probe

    Paul: Stop 'hysteria' on Trump, Russia probe

    He said it would be inappropriate for someone connected to President Trump's campaign to lead an investigation. But at this point, we don't have that".
    Trump hails conservative support at CPAC, slams 'fake' media

    Trump hails conservative support at CPAC, slams 'fake' media

    According to reporters on the ground, little Russian flags with the word "TRUMP" on them were handed out. But as you saw throughout the entire campaign, and even now, the fake news doesn't tell the truth.
  • Takata Pleads Guilty Over Defective Airbag Charges

    The plaintiffs' lawyers alleged Nissan, for instance, switched to Takata air-bag inflaters to save $4 on each device. If exposed to sustained high temperatures and humidity, the chemical can deteriorate and burn too quickly.

    NAHB Applauds President Trump for Move to Fix Flawed WOTUS Rule

    WOTUS expanded protection to include smaller streams and wetlands that drain into major rivers, bays, and drinking water sources. Army Corps of Engineers, which jointly administer WOTUS, will have to justify their findings with scientific research.
    Jets pick up draft pick; Giants fall 10 spots as punishment

    Jets pick up draft pick; Giants fall 10 spots as punishment

    Compensatory draft picks can be confusing to some, so here's a quick explanation of how they are awarded. Today the league announced which teams will be receiving compensatory picks for the upcoming NFL draft.
  • Telstra to launch LTE-Broadcast this year

    Telstra and Ericsson have announced they will be deploying a Cat M1 Internet of Things (IoT) network throughout Australia, with trials now taking place in Melbourne and Tasmania.
    Elina Svitolina beats Caroline Wozniacki to win Dubai Championships

    Elina Svitolina beats Caroline Wozniacki to win Dubai Championships

    Bellis surprised No. 27-ranked Yulia Putintseva 6-1, 7-5 in Dubai's first round, rallying from 5-1 down in the second set. The youngest American to defeat a top-10 opponent since Wimbledon 2009, when Melanie Oudin eliminated Jankovic.

    Asia Stocks to Fall as Dovish Fed Minutes Spur Yen: Markets Wrap

    That could trigger inflation pressures and force the Fed to boost rates at a faster pace than financial markets expect. Dallas Fed chief Robert Kaplan said earlier this month that the central bank should move "sooner rather than later".