Key TakeawaysAfter Costco said it would raise membership fees for the first time in seven years, several analysts raised their price targets for Costco stock, anticipating it could lead to higher profits. Costco said its "Gold Star" and business membership fees will rise $5 to $65, while executive membership fees will rise $10 to $130.The price increases will take effect in the U.S. and Canada starting in September, impacting about 52 million memberships. After Costco (COST) said Wednesday it plans to raise ...

Loading...Loading...Retailer Costco Wholesale Corporation COST announced a membership fee increase Wednesday after market close.The company's new fee increase will see members paying an additional $5 annually for its Gold Star and Business levels and an additional $10 annually for its Executive memberships. The fee increase, which will impact around 52 million members, will kick in on Sept. 1.Analysts break down the impact of the membership fee increase and Costco's June monthly sales that were also reporte ...

The company hopes to give its members even more reason to be loyal customers. It's been the top question from the analyst community for some time already. But on July 10, warehouse-style retail chain Costco Wholesale (COST -3.66%) finally made a highly anticipated announcement: Membership fees are going up, starting on Sept. 1. In May, Costco's new CFO Gary Millerchip pointed out that it's historically raised prices for its memberships every five years. But the last time the retail giant raised its membersh ...

Costco Wholesale Corporation (NASDAQ:COST) yesterday raised membership prices in North America for the first time since 2017. Starting in September, "Gold Star" memberships in the U.S. and Canada will cost $65 instead of $60, while the "Executive" memberships will go up to $120 to $130. Plus, the maximum annual 2% reward moved higher to $1,250 from $1,000. The stock attracted no fewer than eight price-target hikes in response, with the highest coming from Jefferies to $1,050 from $860.Shares were last seen ...

Costco Wholesale Corporation (COST) announced significant updates, including robust June sales figures and an upcoming membership fee increase. These developments highlight Costco's strong operational performance and its ability to drive revenue growth. This Issaquah, Washington-based company continues to excel due to its strategic growth initiatives, effective pricing strategies and steady membership trends.Sales Performance OverviewIn June, COST reported an impressive increase in comparable sales, achievi ...

It's already zooming higher in the second half after a highly anticipated fee raise.Costco Wholesale (COST -0.29%) stock gained 29% in the first half of the year. The stock has been demonstrating incredible resilience, and sales growth is accelerating. It also issued a juicy special dividend to shareholders. And shareholders have been anticipating a lot more.Costco is unstoppableCostco enjoyed elevated sales growth early in the pandemic, and that decelerated when high inflation hit. There was a short lap pe ...

It will soon cost more to be a part of the club. On Wednesday, Costco Wholesale announced plans to increase annual membership fees by $5 to $10 in the U.S. and Canada, effective Sept. 1. It is the first time in seven years the retail giant has done so.The annual fee, last raised in June 2017, would increase by $5 to $65 for "gold star" and business members and to $130 from the earlier $120 for executive members, the company said. "The fee increases will impact around 52 million memberships, a little over ha ...

About this content About Oliver Haill Oliver has been writing about companies and markets since the early 2000s, cutting his teeth as a financial journalist at Growth Company Investor with a focusing on AIM companies and small caps, before a few years later becoming a section editor and then head of research. He joined Proactive after a couple of years freelancing, where he worked for the Financial Times Group, ITV, Press Association, Reuters sports desk, the London Olympic News Service, Rugby World Cup ...

Key TakeawaysCostco shares gained 2.5% in extended trading Wednesday after the retailer hiked its membership fees for the first time since 2017 and posted a jump in June sales.Costco shares have recently broken out from a pennant pattern that indicates a continuation of the stock's long-term uptrend.The measuring principle, which calculates the distance of the uptrend preceding the pennant and adds that amount to the pattern’s breakout point, projects a price target in Costco shares of $1,032. Costco Wholes ...

Key TakeawaysCostco said it will raise its membership fees for the first time in seven years, sending the retailer's stock higher in extended trading Wednesday. Costco's "Gold Star" and business membership fees in the U.S. and Canada will rise $5 to $65, while executive membership fees will rise $10 to $130.The higher fees will go into effect from Sept. 1., and are expected to boost Costco's revenue.Costco reported net sales for the month of June surged 7.4% from a year ago to $24.48 billion. Costco (COST) ...