Costco Wholesale Corporation Looks To Continue To Trade Above Its Annual-High Share Price Today

The following post was written and/or published as a collaboration between Benzinga’s in-house sponsored content team and a financial partner of Benzinga.

Shares of Costco Wholesale Corporation COST traded today at $469.60, eclipsing its 52-week high. This new high was reached on below-average trading volume as 332,000 shares traded hands, while the average 30-day volume is approximately 1.6 million shares.

In the past 52 weeks, shares of Costco Wholesale Corporation have traded between a low of $307.00 and a high of $469.60 and is now at $469.30, which is 53% above that low price.

Costco Wholesale Corporation COST is currently priced 50.6% above its average consensus analyst price target of $231.81.

The leading warehouse club, Costco has 795 stores worldwide (at the end of fiscal 2020), with most sales derived in the United States (73%) and Canada (13%). It sells memberships that allow customers to shop in its warehouses, which feature low prices on a limited product assortment. Costco mainly caters to individual shoppers, but roughly 20% of paid members carry business memberships. Food and sundries accounted for 42% of fiscal 2020 sales, with hardlines 17%, ancillary businesses (such as fuel and pharmacy) nearly 17%, fresh food 14%, and soft lines 10%. Costco’s warehouses average around 146,000 square feet; over 75% of its locations offer fuel. About 6% of Costco’s global sales come from e-commerce (excluding same-day grocery and various other services).

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The preceding post was written and/or published as a collaboration between Benzinga’s in-house sponsored content team and a financial partner of Benzinga. Although the piece is not and should not be construed as editorial content, the sponsored content team works to ensure that any and all information contained within is true and accurate to the best of their knowledge and research. This content is for informational purposes only and not intended to be investing advice.