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 $732.63, up 0.08% from the previous day, and has increased 50.51% in one year. It has overperformed other stocks in the Discount Stores industry by 0.31 percentage points. Costco stock is currently +53.67% from its 52-week low of $476.75, and -6.92% from its 52-week high of $787.08.
At the moment, there are 443.5M COST shares outstanding. The market capitalization of COST is $324.92B. In the past 24 hours, 1.63M 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.
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You can do additional valuation analysis on COST's stock here.
Out of 18 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.
Greg Melich, a top 13% analyst from Evercore ISI Group maintains COST with a buy rating and raises their COST price target from $770.00 to $815.00, on Mar 8, 2024.
Scot Ciccarelli, a top 2% analyst from Truist Securities maintains COST with a strong buy rating and raises their COST price target from $741.00 to $815.00, on Mar 8, 2024.
Truist Securities's Scot Ciccarelli raised their price target on Costco (NASDAQ: COST) by 10% from $741 to $815 on 2024/03/08. The analyst maintained their Strong Buy rating on the stock.
Costco's excellent earnings beat expectations, Ciccarelli said after an assessment of the company's Q2 2024 print, released on 2024/03/07.
The analyst told investors that the company continues to deliver the "steadiest traffic growth" within the big-cap retail group.
Ciccarelli continued by noting that Costco's sales are beginning to accelerate in several discretionary categories, indicating that consumers are starting to feel more financially comfortable.
A membership fee increase "will eventually happen," the analyst predicted.
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.”
Rupesh Parikh, a top 8% analyst from Oppenheimer maintains COST with a buy rating and maintains their COST price target from $805.00 to $805.00, on Mar 8, 2024.
George Kelly, a top 23% analyst from Wells Fargo maintains COST with a hold rating and raises their COST price target from $675.00 to $750.00, on Mar 8, 2024.
Peter Benedict, a top 7% analyst from Baird maintains COST with a buy rating and raises their COST price target from $775.00 to $850.00, on Mar 8, 2024.
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 16.22%.
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 7.37%.
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.
Claudine Adamo, Executive Vice President of COST, was the latest COST insider to sell. They sold $1,072,237.50 worth of COST shares on Mar 11, 2024.
Research more about who owns COST stock here.
Costco pays a dividend of 2.6%, compared to the Discount Stores industry's average dividend yield of 1.82%. If you owned $1,000 worth of COST stock, you would have received $26.04 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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