Costco (COST) Sept Comps Rise 14.3%
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Costco (COST) Stock Edges Higher as September Sales Up Almost 16%, Analysts Bulled-Up on 'Best-in-class Retailer'
October 7, 2021 7:56 AM EDTCostco Wholesale Corporation (Nasdaq: COST) reported net sales of $19.50 billion for the retail month of September, which marks an increase of 15.8% from $16.84 billion last year.
Comparable sales rose 14.3% for the five-week period to October 03.
As a result, the Costco stock price is up 1.2% in pre-open... More
Costco Wholesale (COST) PT Raised to $520 at Cowen
October 7, 2021 6:22 AM EDTCowen analyst Oliver Chen raised the price target on Costco Wholesale (NASDAQ: COST) to $520.00 (from $440.00) while maintaining an Outperform rating.
The analyst commented, "Sept. comps +14.3%, including U.S. +14.6%, & e-comm +10.6% (>+100% on 2-year basis). COST maintains momentum & record renewal rates and Executive Memberships are compelling... More
