Deutsche Bank slashes price target on Costco Wholesale Corporation [COST] – find out why.
Costco wholesale company [NASDAQ: COST] A -1.20% loss in the last trading session to $487.17 per share price at that time. Company report on September 22 2022 Costco Wholesale Corporation announces operating results for the fourth quarter and fiscal year 2022.
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Costco Wholesale Corporation (“Costco” or “the Company”) (Nasdaq: COST) today announced its operating results for the fourth quarter of 16 weeks and the 52-week fiscal year, ending August 28, 2022.
Net sales for the quarter rose 15.2 percent, to $70.76 billion, from $61.44 billion last year. Net sales for the fiscal year rose 16.0 percent, to $222.73 billion, from $192.05 billion last year.
Costco Wholesale Corporation represents 443.70 million shares traded, while the company’s total market capitalization is $215.52 billion with the latest information. COST share price is found in the range from $484.41 to $494.00.
If compared to the average trading volume of 2.08 million shares, the cost of COST reached a trading volume of 3005,278 on the last trading day, which is why market watchers consider the stock to be active.
Here’s what top stock market experts say about Costco Wholesale Corporation [COST]:
Based on careful, fact-backed analysis by Wall Street experts, the current consensus on a COST stock price target is $576.21 per share. Target price analysis and stock performance are usually carefully studied by market experts, and the current Wall Street consensus on COST stock is a set recommendation at 2.10. This rating represents a strong buy recommendation, on a scale of 1 to 5, where 5 means strong sell, 4 represents sell, 3 represents hold, and 2 indicates buy.
Deutsche Bank made an estimate for Costco Wholesale Corporation stock, keeping their opinion of the stock as Buy, with their previous recommendation back on July 14, 2022. While those analysts held the previous recommendation, Truist cut their target price from $606 to $603. The new price target note was released on March 4, 2022, which is the official target price for Costco Wholesale Corporation stock. Previously, the target price had received another increase from $610 to $615, while Telsey Advisory Group maintained Outperform’s rating on the stock’s COST. On March 4, 2022, analysts raised their target price for COST shares from 560 to 565.
The Average True Range (ATR) for Costco Wholesale Corporation is set at 11.64, with the COST stock price-to-sales ratio for the past 12-month period coming in at 0.99. The price-to-book ratio for the last quarter was 10.83, with the price-to-cash-to-cash ratio for the same quarter set at 26.74. The price-to-free cash flow ratio for COST over the past 12 months was 79.79 with a Q4 quick ratio of 0.50.
COST . stock trading performance analysis
Costco wholesale company [COST] It fell into the red at the end of last week, fell in a negative direction and fell by -3.24. With this latest performance, COST shares are down -10.13% over the past four-week period, and are also down -12.07% over the past six months — not to mention a 7.70% rise in the past year of trading.
Overbought and oversold stocks can be easily tracked by the Relative Strength Index (RSI), where an RSI result of over 70 is overbought, and any price below 30 indicates oversold conditions. The RSI of 50 represents neutral momentum in the market. The current RSI for COST stock over the past two-week period was set at 30.82, with the RSI for the last one trading at 23.90, and the three-week RSI set at 36.40 for Costco Wholesale Corporation [COST]. The current moving average of the last 50 trading days for this stock is 529.59 while it recorded at 498.09 for the last trading week, and 521.79 for the last 200 days.
Costco wholesale company [COST]A deeper look at fundamental analysis
Operating margin for any stock indicates how profitable the investment, Costco Wholesale Corporation [COST] The stock currently has an operating margin of +3.73 and a gross margin of +12.88. Costco Wholesale Corporation’s net margin is currently at +2.56.
The return on total capital for COST is now 24.63, given recent momentum, and the company’s return on invested capital is 17.60. The return on equity for this stock rose to 27.93, with the return on assets remaining at 8.72. When it comes to the capital structure of this company, Costco Wholesale Corporation [COST] It has a total debt to total equity ratio set at 64.95. Additionally, COST’s total debt to total capital was recorded at 39.37, with total debt to total assets ending at 19.25. Long-term debt to equity of the company was recorded at 58.72, and long-term debt to total capital now at 35.60.
Reflection of Workforce Efficiency at Costco Wholesale Corporation [COST] It was able to generate an average of $17385 per employee. Accounts receivable turnover is 116.87 with total asset turnover recorded at 3.41, Costco wholesale liquidity data is also interesting, with a quick ratio of 0.50 and a trading ratio set at 1.00.
Costco wholesale company [COST]Earnings per share (EPS) analysis
The company’s progress can be seen through the perspective of the EPS growth rate, while Wall Street analysts focus on forecasting a 5-year EPS growth rate for cost. When it comes to the stated value, analysts expect Costco Wholesale Corporation’s 5-year EPS growth rate to rise to 13.74%.
Insiders’ Ownership Analysis of Costco Wholesale Corporation [COST]
There are currently approximately $146,067 million, or 69.20% of COST’s stock, in the hands of institutional investors. The three largest corporate owners of COST shares are: VANGUARD GROUP INC with ownership of 38,538.592, which is approximately 1.34% of the company’s market capitalization and about 0.22% of the total corporate ownership; BLACKROCK INC. , owns 3,1002,474 shares of stock with an approximate value of $15.1 billion in COST stock; and STATE STREET CORP, currently with $9.16 billion in COST stock with ownership of approximately -1.249% of the company’s market capitalization.
Positions in Costco Wholesale Corporation stock held by institutional investors increased at the end of September and at the time of the September report, as 1,265 institutional owners consolidated their positions in Costco Wholesale Corporation [NASDAQ:COST] About 14,359,557 shares. In addition, the number of 1339 investors decreased by about 14,666,361 shares, while 356 investors held positions with 270,801,304 shares. The said changes put institutional holdings at 299,827,222 shares, according to the latest report from the Securities and Exchange Commission. COST shares had 129 new institutional investors with a total of 2,393,863 shares, while 167 institutional investors sold deals totaling 1,472,446 shares during the same period.