Costco (COST 1.05%) has been one of the most reliable winners in the stock market over its history as a publicly-traded company. Its membership-based warehouse model of selling bulk goods at bargain prices is consistently popular with consumers, and its stock price has reached a new milestone of $1,000 per share.
Costco Wholesale (COST 1.05%) stock is an investor favorite. It looks almost completely immune to market changes, moving up steadily regardless of the macro environment.
Costco stock price has been an excellent performer over the years, which has helped it become one of the biggest companies in the US. It has jumped by 620% in the past decade, bringing its market cap to $413 billion.
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Shares of retail giant Costco Wholesale (COST -0.87%) jumped 11.2% during November, according to data provided by S&P Global Market Intelligence. The company reported monthly sales results early in the month and that's all the encouragement that investors needed to send the stock to an all-time high approaching $1,000 per share.
The retailer has benefited from consumers' search for value. But the stock has gotten pricey.
On Thursday, JP Morgan analyst Christopher Horvers raised the price target on Costco Wholesale Corporation COST to $1,090 (from $945 prior) while maintaining an Overweight rating following November sales results.
Costco's distinctive membership business model and pricing power set it apart from traditional players. Comparable sales for November rise 3.1%.
Costco (COST) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Costco (COST) said its e-commerce sales in November were hit as this year's Thanksgiving weekend happened a week later this year versus the last one, affecting year-over-year comparisons.
Costco Wholesale Corp. on Wednesday reported November sales growth that slowed from the prior month, as lower gas prices weighed on consumers and e-commerce sales took a hit due to a shift in the timing of some big online holiday deals.
E-commerce sales in November fell because Thanksgiving, Black Friday, and Cyber Monday were a week later this year.