|Bid||0.00 x 900|
|Ask||0.00 x 900|
|Day's Range||234.01 - 235.84|
|52 Week Range||154.11 - 245.16|
|PE Ratio (TTM)||34.38|
|Earnings Date||Oct 4, 2018|
|Forward Dividend & Yield||2.28 (0.97%)|
|1y Target Est||241.48|
Benzinga has featured looks at many investor favorite stocks over the past week. Bullish calls included leaders in e-commerce and video streaming. Bearish calls included an airline giant and an electric ...
Shares of Kroger (NYSE:KR) fell 10% in early trade Sept. 13 after it released earnings that beat estimates on the bottom line but came up short on the top. Kroger said it earned $797 million, 62 cents per share fully diluted, on sales of $27.869 billion, and declared a 14 cent per share dividend. The fall may have been inevitable considering the rise in Kroger stock since March when it dropped to as low as $23 per share.
Since mid-April, Costco Wholesale Corporation (NASDAQ:COST) stock has had quite a run. COST stock was somewhat choppy in 2017, but 2018 has been a different story. Costco stock has gained 25% so far this year, and nearly all of the gains have come over the last five months.
This could indicate that investors who seek to profit from falling equity prices are not currently targeting COST. Over the last month, growth of ETFs holding COST is favorable, with net inflows of $26.13 billion.
Payment processing companies Visa (V) and Mastercard (MA) and a number of US banks have finally settled a lawsuit brought by millions of retailers over excess fees charged for accepting card payments. The arrangement has cost defendants $6.2 billion. Of the $900 million, Visa and Mastercard will pay $600 million and $108 million, respectively, while the remaining amount will be paid by other defendants including major US banks (XLF) such as Citigroup (C), JPMorgan Chase (JPM), and Bank of America (BAC).
Analysts’ ratings for Kroger (KR) were unchanged after its Q2 results release, and it has stayed at 2.4 on a scale of 1 (“strong buy”) to 5 (“sell”). However, Credit Suisse cut the company’s price target from $33 to $32. Walmart’s (WMT), Costco’s (COST), and Target’s (TGT) ratings are 2.4, 2.0, and 2.7, respectively.
Costco (COST) has impressed with its financial performance so far this year. Costco’s high membership renewal rates and continued investment in pricing to widen the value gap between itself and its competitors have made it immune to the growing threat from e-commerce companies. Recently, analyst Karen Short of Barclays downgraded Costco stock to an “equal weight” from an “overweight,” citing the company’s high valuation.
Costco’s steady results and strong prospects have sent the stock soaring, but concern about the shares’ valuation pushed the price lower on Monday.
Costco Wholesale Corporation, together with its subsidiaries, operates membership warehouses. Costco Wholesale’s insiders have divested from 22.99k shares in the large-cap stock within the past three months. It is widelyRead More...
Analyst Karen Short downgraded Costco from Overweight to Equal Weight with an unchanged $240 price target. The management teams at both Costco and Sprouts remain "laser-focused on exceptional execution" and their status as best-in-class food and staples retailers remains unchanged, Short said in the downgrade note.
In the evolving retail ecosystem, Costco (COST) has been able to create a niche for itself on the back of growth strategies.
Costco COST just got cut. Costco shares fell on Friday after Wells Fargo downgraded the stock to "market perform," citing the stock's lofty gain in the past year. "While COST remains one of the highest quality companies within consumer and near-term results should be positive, we can't help but think this may be as good as it gets," the firm's analysts led by Edward J. Kelly wrote in a note to clients, knocking the stock down by 2 percent.
Wells Fargo downgraded Costco (COST) stock to “market perform” from “outperform” due to the company’s high valuation multiple. Wells Fargo analyst Edward Kelly stated that Costco shares have soared to record highs and seem fully priced. In Will Valuations Stall Uptrend in COST, WMT, and TGT?, we underscored the fact that Costco, Target (TGT), and Walmart (WMT) look pricey given the recent run in their stock prices. Following the downgrade, Costco shares were trading 1.9% lower on September 14.