Today Barrons isn't beating around the bush: "Buy Costco Stock. Share Are on Sale." For full coverage click here. Shares of the large-cap Consumer Defensive company have not moved much on the news as of the afternoon trading session, and are currently trading at $463.09.
Costco Wholesale Corporation, together with its subsidiaries, engages in the operation of membership warehouses in the United States, Puerto Rico, Canada, the United Kingdom, Mexico, Japan, Korea, Australia, Spain, France, Iceland, China, and Taiwan. The company belongs to the Consumer Defensive sector, which has an average price to earnings (P/E) ratio of 24.21 and an average price to book (P/B) ratio of 4.09. In contrast, Costco Wholesale has a trailing 12 month P/E ratio of 35.0 and a P/B ratio of 9.6.
Costco Wholesale has moved -18.6% over the last year compared to -20.2% for the S&P 500 -- a difference of 1.6%. Costco Wholesale has a 52 week high of $612.27 and a 52 week low of $406.51. At today's price of $463.09 per share, Costco Wholesale is -15.78% away from its target price of $549.83, and on average, analysts give the stock a rating of buy. 1.1% of the company's shares are linked to short positions, and 68.9% of the shares are owned by institutional investors.