#4 - Costco (NASDAQ:COST)
The first thing many people think about when they think of Costco (NASDAQ: COST) is its ability to let many people make bulk purchases. This was a particular appeal that sent the stock soaring at the onset of the Covid-19 pandemic. And in the company’s latest earnings report there was evidence that in-store sales are still going strong. In fact, the company reported July net sales results of $176.3 billion, a 17.8% year-over-year increase from 2020 when consumers were keeping their pantries stocked.
COST stock is approaching its 52-week high which is also its all-time high. The stock has climbed over 25% in the six months prior to the earnings announcement. With that in mind, it’s fair for investors to wonder if the growth is gone. However, keep in mind that Costco does a steady business in any economy, but holds up better than some when the economy is showing weakness. This durability points to the company’s real strength, which is in its subscription model that continues to show a high amount of retention.
About Costco Wholesale
Costco Wholesale Corporation, together with its subsidiaries, engages in the operation of membership warehouses in the United States, Puerto Rico, Canada, Mexico, Japan, the United Kingdom, Korea, Australia, Taiwan, China, Spain, France, Iceland, New Zealand, and Sweden. The company offers branded and private-label products in a range of merchandise categories.
Read More - Current Price
- $793.07
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 18 Buy Ratings, 6 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $695.08 (12.4% Downside)
