Costco Wholesale Corporation Reports Fourth Quarter and Fiscal Year 2021 Operating Results
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September 24, 2021 7:26 AM EDT
BofA Securities analyst Robert Ohmes raised the price target on Costco Wholesale (NASDAQ: COST) to $500.00 (from $490.00) while maintaining a Buy rating.
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September 24, 2021 6:47 AM EDT
Baird analyst Peter Benedict raised the price target on Costco Wholesale (NASDAQ: COST) to $520.00 (from $500.00) while maintaining a Outperform rating.
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September 24, 2021 6:21 AM EDT
Shares of Costco Wholesale (NASDAQ: COST) are up nearly 1% in pre-open Friday after the company delivered better-than-expected fiscal Q4 results.
Costco reported Q4 EPS of $3.76 to top the analyst estimate of $3.57. Revenue for the quarter came in at $62.68 million versus the consensus estimate of $61.3 million.
Telsey Advisory Group analyst Joseph Feldman raised the price target to $480.00 per share from the prior $470.00 following an impressive quarter.
In 4QF21, we were encouraged by: 1) solid membership fee income growth of 11.6% (9.7% in CC), with the US & Canada and worldwide renewal rates both sequentially up 300 bps to 91.3% and 88.7%,... More
