|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|
|Forward Dividend & Yield||2.00 (1.03%)|
|1y Target Est||N/A|
Nordstrom and Amazon increased their apparel market share last year as companies like Macy's, J.C. Penney and Sears lost ground.
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.
The juggernaut that is Amazon.com Inc. ( AMZN) keeps rolling on, spending as much as its 301 million active users make for it. One industry after another, Amazon is putting its flag in the ground, cementing itself as the global leader in virtually everything. Whether it be its acquisition of Whole Foods Market Inc. ( WFM), its potential partnership with Nike Inc. ( NKE) or one of its many new departments like "Wardrobe and Handmade," Amazon is flying.
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.
Back in mid-2017, shares of big box retailer Costco Wholesale Corporation (NASDAQ:COST) dropped sharply after e-commerce giant Amazon.com, Inc. (NASDAQ:AMZN) acquired premium-end grocer Whole Foods Market. COST stock dropped from $180 to $150 in just a few weeks as investors were worried that Amazon was going to eat Costco’s lunch. Instead, Costco’s numbers have only gotten better since then.
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 Wholesale Corporation (NASDAQ: COST ) is getting strong early returns from its e-commerce investing, and at least one Wall Street analyst says investors could expect some major returns from a special ...
Wells Fargo raises its rating for Costco shares to outperform from market perform, citing the company's financial benefits from tax reform.
Costco faced its first month of tough year-over-year sales comparisons in March -- but it still achieved another strong comp sales increase.
Over 100 million people have signed up for Prime worldwide. Yahoo Finance’s Alexis Christoforous, Andy Serwer, and Julia La Roche discuss whether or not this makes Amazon a monopoly.
Here’s a quick wrap up of other headlines making news today.