Costco raising membership fees

Plus, Costco’s total revenue for that second quarter period was lower than expectations. During the same quarter previous year, the firm earned $1.24 EPS.

Net income attributable to Costco fell to $515 million, or $1.17 per share, in the latest quarter from $546 million, or $1.24 per share, a year earlier. This year Company’s Earnings per Share (EPS) growth is -114.60% and next year’s EPS growth is -1.20%.

Costco had nearly 87 million members at the end of its last fiscal year. For the twenty-six week period ended February 26, 2017, net sales were $61.18 billion, a boost of five percent from $58.25 billion during the similar period a year ago. RBC Capital Markets upped their target price on shares of Costco Wholesale Corporation from $176.00 to $177.00 and gave the stock an “outperform” rating in a research report on Thursday, December 8th. Our recent 10 year backtest shows that stocks that have a positive Earnings ESP and a Zacks Rank #3 (Hold) or better show a positive surprise almost 70% of the time, and have returned over 28% on average in annual returns (see more Top Earnings ESP stocks here). The 52-week low of the share price is at $138.57.

Costco last raised its membership fees in 2011. The stock presently has a consensus rating of “Buy” and an average price target of $172.65. Vetr cut shares of Costco Wholesale Corporation from a “buy” rating to a “hold” rating and set a $177.50 target price on the stock.in a report on Thursday, February 9th.

According to Zacks brokerage recommendations, Costco Wholesale Corporation (NASDAQ:COST)’s Buy count is 2 and Strong Buy is 12 while the number of analysts recommending Sell and Strong Sell are 0 and 5, respectively. Its six months performance indicated a bullish movement while its yearly performance reflected a positive trend of 17.82%. (NYSE:UAL) established that the company was able to keep return on investment at 8.68 in the trailing twelve month while Reuters data showed that industry’s average stands at 2.27 and sector’s optimum level is 5.81.

Costco Wholesale Corporation (COST) is having a Dividend Yield of 1.02% with the Annual cash Dividend per share of $1.7.

Several research analysts recently issued reports on the company. The company has Relative Strength Index (RSI 14) of 76.58 along with Average True Range (ATR 14) of 1.99. A beta of less than 1 means that the security will be less volatile than the market. The EPS growth in the running year displays a value of -0.70%. At present, the PEG is valued at 3.11 alongside the P/S ratio of 0.65 and P/B ratio of 6.48. Alpha Windward LLC boosted its stake in shares of Costco Wholesale Corporation by 0.7% in the third quarter. The count of Hold ratings in that period was 0. An ROI of 13.80% for Costco Wholesale Corporation evaluates and compares the efficiency of the various numbers of investments relative to the cost of investments.