Stock Update (NASDAQ:COST): Costco Wholesale Corporation Reports June Sales Results

Costco Wholesale Corporation (NASDAQ:COST) reported net sales of $11.01 billion for the month of June, the five weeks ended July 5, 2015, an increase of one percent from $10.88 billion during the similar period last year. Both years’ five-week periods included 34 selling days in the U.S. and Canada, reflecting the observance of Independence and Canada Days. For the forty-four weeks ended July 5, 2015, the Company reported net sales of $96.32 billion, an increase of four percent from $92.88 billion during the similar period last year.

Comparable sales for the five and forty-four week periods were as follows:

5 Weeks 44 Weeks
U.S. 3% 3%
International -8% -3%
Total Company -1% 2%

Comparable sales for these periods, excluding the negative impacts from gasoline price deflation and foreign exchange, were as follows:

5 Weeks 44 Weeks
U.S. 6% 7%
International 6% 7%
Total Company 6% 7%
 (Original Source)

Shares of Costco Wholesale closed yesterday at $139.9 COST has a 1-year high of $156.85 and a 1-year low of $116.58. The stock’s 50-day moving average is $139.83 and its 200-day moving average is $143.51.

On the ratings front, Costco Wholesale has been the subject of a number of recent research reports. In a report issued on July 1, Sterne Agee CRT analyst Charles Grom reiterated a Buy rating on COST, with a price target of $154, which represents a potential upside of 10.1% from where the stock is currently trading. Separately, on June 25, Piper Jaffray’s Sean Naughton reiterated a Buy rating on the stock and has a price target of $154.

According to, which ranks over 7,500 financial analysts and bloggers to gauge the performance of their past recommendations, Charles Grom and Sean Naughton have a total average return of 0.1% and 8.8% respectively. Grom has a success rate of 49.2% and is ranked #2499 out of 3694 analysts, while Naughton has a success rate of 60.3% and is ranked #660.

Overall, 6 research analysts have assigned a Hold rating and 3 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 $157.67 which is 12.7% above where the stock closed yesterday.

Costco Wholesale Corp and its subsidiaries operate membership warehouses. It offers its members low prices on a limited selection of nationally branded and select private-label products in merchandise categories.

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