Costco Stock Climbs 16% in 3 Months: 5 Metrics Driving It Higher
Costco Wholesale (NASDAQ: COST) stock has seen a nice run recently, climbing about 16% in the past three months. The rise has been driven by the company's accelerating monthly same-store sales growth as well as strong first-quarter results. Here's a look at the metrics driving investor bullishness recently.
10.5%: One of the most closely followed metrics for brick-and-mortar retailers is comparable sales, or sales trends at stores that have been open for more than a year. Costco's first fiscal quarter comparable sales were up 10.5% year over year, or 7.9% when adjusted to exclude gas inflation and changes in currencies.
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Source: Fool.com
Costco Wholesale Stock
€735.30
1.660%
The stock is an absolute favorite of our community with 45 Buy predictions and no Sell predictions.
However, we have a potential of -0.86% for Costco Wholesale as the target price of 729 € is below the current price of 735.3 €.
