|Bid||193.57 x 400|
|Ask||194.18 x 400|
|Day's range||192.75 - 195.67|
|52-week range||150.00 - 199.88|
|PE ratio (TTM)||28.85|
|Earnings date||31 May 2018|
|Forward dividend & yield||2.00 (1.03%)|
|1y target est||209.46|
Amazon.com Inc. Chief Executive Officer Jeff Bezos said the e-commerce giant has exceeded 100 million paid Prime subscribers and will continue to invest to meet “ever-rising” customer expectations.
Amazon CEO claims Amazon Prime memberships have topped 100 million, which makes the program larger than CostcoAmazon Chief Executive Jeff Bezos disclosed the number of Prime members for the first time Wednesday in a letter to shareholders. With the first disclosure of the number of people paying for its Amazon Prime subscription program, Amazon.com Inc. confirmed Wednesday that Prime has more members than the most prominent membership-based retail chain, Costco Wholesale Corp. In his annual letter to shareholders, Amazon (AMZN) Chief Executive Jeff Bezos disclosed Wednesday afternoon that Amazon Prime has topped 100 million paid Prime members worldwide.
On April 10, Deutsche Bank had a “buy” rating for Philip Morris International (PM) and a price target of $120. Of the analysts surveyed, 61% rated the stock a “buy,” while 39% rated it a “hold,” and 0% rated it a “sell.”
“The discounters have a roughly 31% market share of this $811 billion, but garnered 40% of the dollar growth in 2017,” they wrote. “This outsize share growth is not surprising, in our view, given the big investments being made by this group.” • Half of that dollar growth came at four companies, according to BMO: Walmart, Costco (COST), Aldi and Kroger (KR).
Amazon (AMZN) is preparing to release its 1Q18 results just as competition for low-income customers with legacy retailers such as Walmart (WMT) and Costco (COST) is picking up. In March, Amazon cut Prime membership fees for Medicaid recipients. With the cut, Medicaid recipients can purchase a Prime monthly plan for $5.99, instead of the regular price of $12.99 per month or $99 per year.
Costco Wholesale (COST) reported March sales results on April 12. The company’s net sales of $12.9 billion for March were 10.9% higher than the $11.7 billion last year. On April 13, Raymond James raised the target price for Costco Wholesale (COST) to $205 from $202. Of the analysts surveyed, 72% of analysts rated the stock a “buy,” while 38% rated it a “hold,” and 0% rated it a “sell.” The stock rose 2.7% last week. The stock was up 2.7% last week.
Amazon (AMZN) increased Prime program membership fee for monthly subscribers in January, and the upcoming 1Q18 report is expected to reflect the effects of the fee hike. Prime membership comes with numerous benefits, such as free delivery of items purchased on Amazon’s online retail site as well as grocery purchases from Whole Foods Market. Amazon acquired Whole Foods for $13.7 billion last year to bolster its position in the grocery sector, which is largely held by traditional retailers such as Walmart (WMT) and Kroger (KR).
Most of the analysts providing recommendations for Costco (COST) stock have maintained a “buy” rating. Costco continues to impress with its sales and earnings growth rate. Analysts expect Costco to report strong sales in the coming quarters, driven by value pricing and improved membership trends.
Costco (COST) stock is showing a trend reversal and has risen 5.4% in the last three trading days. On April 16, 2018, Wells Fargo upgraded Costco stock to “outperform” from “market perform” and raised its target price to $220 from $195. Raymond James raised its price target to $205 from $202.
Costco faced its first month of tough year-over-year sales comparisons in March -- but it still achieved another strong comp sales increase.
The stock market was strongly higher in afternoon trade Thursday, major retailer Costco reported strong monthly sales.
Shares of Costco Wholesale Corp. ran up 2.5% in morning trade Thursday, putting them on course for a one-month high, on the heels of the warehouse club's upbeat monthly sales report. The company reported ...
Shares of Costco Wholesale (COST) are higher on Thursday, after the warehouse club reported upbeat March same-store sales. a far cry from Bed Bath & Beyond's (BBBY) plunge. Costco said same-store sales rose 8.6% in March, with an 8.3% gain in the U.S., a 7.1% increase in Canada, and 12.3% jump in other international stores. Costco said net sales were $12.92 billion in the month of March, a 10.9% increase year-over-year.
While major chains are grappling with sluggish store and mall traffic, Costco (COST) seems somewhat resilient to the challenging retail backdrop.
Analysts covering Office Depot (ODP) stock continue to be on the sidelines. Office Depot has been struggling since the shift to digital has wreaked havoc on the demand of paper-based office supplies. Currently, analysts’ 12-month average target price for Office Depot stock is $3.10, which reflects a 50.5% upside to the stock as of April 10, 2018.
Most analysts covering Costco (COST) maintain a positive outlook on the company’s prospects. Costco has impressed investors with its stellar sales growth driven by rising traffic, particularly in the US, and its higher transaction size. Plus, value pricing and vast offerings have supported the company’s top-line growth. Moreover, Costco’s increased membership-fee income, sales leverage, and focus on cost-saving measures have driven double-digit growth in its bottom line.
Costco (COST) stock has historically been trading at a premium multiple compared to Walmart (WMT) and Target (TGT) thanks to its higher growth rate. As of April 11, 2018, Costco stock was trading at a forward PE (price-to-earnings) multiple of 25.4x, which is significantly higher than that of peers.
Costco (COST) stock continues to trade in the red on a YTD (year-to-date) basis as of April 11, 2018, despite reporting double-digit sales and earnings growth rates for the past several quarters. Investors fear that rivals strengthening their digital business and consumers shifting towards the e-commerce platform could hamper Costco’s financials. Both Walmart (WMT) and Target (TGT) have significantly ramped up their e-commerce business with multiple delivery options for online orders.
As retailers scramble to adjust their business models amid the consumer shift towards e-commerce and the growing presence of Amazon (AMZN) in the grocery space, Costco (COST) is quietly racing ahead of the competition. The company continues to impress with its stellar sales backed by solid comparable-store sales (or comps).
ISSAQUAH, Wash., April 11, 2018-- Costco Wholesale Corporation today reported net sales of $12.92 billion for the month of March, the five weeks ended April 8, 2018, an increase of 10.9 percent from $11.65 ...