Costco Wholesale Corporation (NASDAQ:COST) announced net sales of $13.07 billion for the month of December, the five weeks ended January 1, 2017, an increase of five percent from $12.46 billion during the similar period last year.
For the eighteen weeks ended January 1, 2017, the Company reported net sales of $43.18 billion, an increase of four percent from $41.66 billion during the similar period last year.
Comparable sales were as follows:
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Comparable sales for these periods excluding the impacts from changes in gasoline prices and foreign exchange were as follows:
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Shares of Costco closed yesterday at $24.53, up $0.01 or +0.04%. COST has a 1-year high of $169.59 and a 1-year low of $138.57. The stock’s 50-day moving average is $156.65 and its 200-day moving average is $157.15.
On the ratings front, Costco has been the subject of a number of recent research reports. In a report issued on December 29, Robert W. Baird analyst Peter Benedict reiterated a Buy rating on COST, with a price target of $175, which represents a potential upside of 10% from where the stock is currently trading. Separately, on December 20, RBC’s William Kirk reiterated a Buy rating on the stock and has a price target of $177.
According to TipRanks.com, which ranks over 7,500 financial analysts and bloggers to gauge the performance of their past recommendations, Peter Benedict and William Kirk have a yearly average return of 2.4% and a loss of -5.3% respectively. Benedict has a success rate of 57% and is ranked #1656 out of 4351 analysts, while Kirk has a success rate of 41% and is ranked #3988.
Overall, 2 research analysts have assigned a Hold rating and 13 research analysts have given a Buy rating to the stock. When considering if perhaps the stock is under or overvalued, the average price target is $179.80 which is 12.5% above where the stock closed yesterday.
Costco Wholesale Corp. operates membership warehouses based on the concept that offering members low prices on a limited selection of nationally branded and select private-label products in a wide range of merchandise categories. It operates warehouses in the U.S., Canada, the United Kingdom, Japan and Australia and through majority-owned subsidiaries in Taiwan and Korea. The company warehouses present exclusive product category selections to be found under a single roof, which include appliances, auto and tires, baby, kids and toys, clothing and handbags, computers and printers, electronics, food and gift baskets, funeral, furniture, gift cards, tickets & floral, hardware health & beauty, home & decor, jewelry & watches, office products, patio, outdoor & pets, sports & fitness, travel & luggage. It also provides ancillary and other services that include gas stations, pharmacy, food court, optical, one-hour photo, hearing aid and travel.