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.
Costco stock last closed at $795.81, up 0.35% from the previous day, and has increased 60.77% in one year. It has overperformed other stocks in the Discount Stores industry by 0.44 percentage points. Costco stock is currently +66.92% from its 52-week low of $476.75, and -1.09% from its 52-week high of $804.56.
At the moment, there are 443.5M COST shares outstanding. The market capitalization of COST is $352.94B. In the past 24 hours, 1.26M COST shares were traded.
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You can view all of the due diligence checks on COST's stock page.
You can use many financial metrics, analyses, models, and charts to gauge COST's true value.
Using relative valuations measures:
You can do additional valuation analysis on COST's stock here.
Out of 19 sell side analysts who track COST, the consensus analyst rating on Costco is a Buy
It's important to keep in mind that analyst forecasts are not stock recommendations, nor are they financial advice.
Bill Kirk, a bottom 9% analyst from Roth MKM maintains COST with a hold rating and raises their COST price target from $601.00 to $650.00, on Apr 11, 2024.
Chuck Grom, a top 11% analyst from Gordon Haskett downgrades COST to a buy rating and announces their COST price target of $775.00, on Apr 3, 2024.
Ivan Feinseth, a top 7% analyst from Tigress Financial maintains COST with a buy rating and raises their COST price target from $745.00 to $870.00, on Mar 15, 2024.
Kelly Bania, a top 14% analyst from BMO Capital maintains COST with a buy rating and raises their COST price target from $770.00 to $800.00, on Mar 11, 2024.
Seth Sigman, a bottom 1% analyst from Barclays maintains COST with a hold rating and raises their COST price target from $614.00 to $700.00, on Mar 11, 2024.
Barclays's Seth Sigman raised their price target on Costco (NASDAQ: COST) by 14% from $614 to $700 on 2024/03/11. The analyst maintained their Hold rating on the stock.
In an assessment of Costco's 2024/03/07-dated Q2 and 1H 2024 earnings report, Sigman said the quarter was "solid overall" in spite of lower-than-expected sales and gross margin in 2024/02.
Increases in both traffic and membership gave credence to Barclay's revised estimate increases, the analyst told investors.
However, Sigman cautioned that the stock is now priced "too high," so they are "sitting on the sidelines."
Costco reported:
For Q2 2024:
For 1H 2024:
Management did not provide financial guidance in its press release or earnings call.
CFO Richard Galanti commented: “We always want to be the first out there trying to lower prices.
“Many new items in sporting goods and lawn and garden are being set with lower prices Y/Y, and overall, mostly due to reduced freight costs and lower commodity costs versus a year ago. And overall, our inventories and SKUs are in good shape across all channels. Overall, we’ve had good seasonal sell-through during the quarter.
“In terms of shipping and supply chain issues, we’ve been asked about them often. There are some delays, generally just a couple to three weeks, but mostly now planned for. First, there was an issue a while back with the Panama Canal challenges. Then, of course, the Red Sea challenges. Much of that has to do with changing how ships are routed.
“Since going public in 1985/12, I have hosted all but one call and it’s been an absolute privilege and honor to do so. So, thank you all. As you know, in early February, it was announced that I will be ceding the role of CFO to Gary Millerchip effective 2024/03/15 after our second quarter 10-Q is filed, and retire, including from our Board, next January.
“The good news, Gary joined Costco last week, and along with David and Josh, will continue to provide to you all with the transparency and straightforwardness that we are known for. It will be a positive and seamless transition.”
You can dig deeper into what analysts are projecting on the Costco stock forecast page.
Last year, COST earnings were $6.79B. Over the past five year, COST's earnings have grown by 14.28% per year. This was slower than the Discount Stores industry average of 16.49%.
Last year, COST revenue was $248.83B. In the past 5 year, COST's revenue has increased by 11.06% per year. This was faster than the Discount Stores industry average of 7.66%.
You can analyze COST's earnings and revenue performance here.
Over the past year, executives and large shareholders at COST have sold more shares than they have bought.
Russell D. Miller, Senior EVP of COST, was the latest COST insider to sell. They sold $567,442.75 worth of COST shares on Apr 17, 2024.
Research more about who owns COST stock here.
Costco pays a dividend of 2.42%, compared to the Discount Stores industry's average dividend yield of 2.08%. If you owned $1,000 worth of COST stock, you would have received $24.15 in the past year.
Costco dividend payments have consistently grown over the past decade but have not remained stable.
Dig into more info about Costco dividend yield and history here.
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