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Most-Upgraded StocksMost-Upgraded
NASDAQ:COST

Costco Wholesale (COST) Stock Forecast, Price & News

$564.96
-3.67 (-0.65%)
(As of 09/29/2023 ET)
Compare
Today's Range
$560.70
▼
$570.99
50-Day Range
$531.71
▼
$568.63
52-Week Range
$447.90
▼
$572.18
Volume
1.87 million shs
Average Volume
1.80 million shs
Market Capitalization
$250.33 billion
P/E Ratio
39.90
Dividend Yield
0.72%
Price Target
$578.37
ProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability

Costco Wholesale MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.73 Rating Score
Upside/​Downside
2.8% Upside
$580.93 Price Target
Short Interest
Healthy
0.92% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-2.39
Upright™ Environmental Score
News Sentiment
0.47mentions of Costco Wholesale in the last 14 days
Based on 140 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
10.14%
From $15.49 to $17.06 Per Share

Overall MarketRank™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.38 out of 5 stars

Retail/Wholesale Sector

80th out of 212 stocks

Variety Stores Industry

6th out of 11 stocks

See Top Rated MarketRank™ Stocks Here

COST stock logo

About Costco Wholesale (NASDAQ:COST) Stock

Costco Wholesale Corporation is central to the global warehouse membership club story. The company was founded in 1983 by Jim Sinegal and Jeffrey Brotman but its history dates back to 1976 because of the merger with Price Club. Costco, originally known as Costco Companies, quickly grew in its first two years and became the 1st company to go from $0 to $3 billion in revenue within the 1st 3 years. The company held its IPO in 1985.

Price Club was founded in 1976 by the Price family. It was among the very first warehouse membership clubs and targeted small merchants and businesses. It also saw quick success and went public in 1980. The Price family turned down an offer to merge with Walmart’s Sam’s Club in favor of a more suitable match-up with Costco. Coincidentally, Costco founder Jim Sinegal got his start in the retail business working for Sol Price at his original membership club, FedMart.

The new company was formed in 1993. It owned 206 stores and was called PriceCostco for a time. The Price family eventually exit the business in favor of new operations resulting in the rebranding to Costco Wholesale Corporation. The Price family's new business is called PriceSmart and operates a chain of membership clubs in the Caribbean and Central America. Price Club’s first store, opened in an old Howard Hughes airplane hangar, is still in operation and known as Costco #401.

Today, Costco is based in Issaquah, Washington and it is among the largest businesses in the world. The company operates as a member-only big-box retailer claiming more than 118 million members, it is ranked #10 on the Forbes Fortune 500 list and is the 5th largest retailer internationally. In terms of scale, it is the largest retailer of choice and prime beef, organic foods and rotisserie chickens. Rotisserie chickens are a long-standing tradition at Costco which pioneered their use. The chickens are sold for less than cost and used to attract business into the store.

The company operates through a network of subsidiaries that own warehouses in 11 countries, including the US and Puerto Rico. The company retails branded and private-label merchandise across verticals and categories and at “discounted” or bulk-rate prices. Product categories include grocery and frozen foods, apparel, sporting goods, electronics, auto care, appliances, housewares and even furniture. Nearly 70% of the stores are located in the US with another 13% in Canada and the remainder scattered around the globe.

In addition to retail, the company also provides many services including pharmacy, eye care, food & beverage and auto care centers. The company also operates more than 665 gas stations across its footprint and a robust eCommerce channel. Other services include delivery, travel and curbside pickup. As of the year-end calendar 2022, the company operated more than 840 stores and was on track to open new stores in the coming years. Total revenue in 2022 topped $226 billion, the company employs more than 304,000 individuals and it is a member of the S&P 500, the S&P 100 and the NASDAQ 100.

 

 

COST Price History

COST Stock News Headlines

September 27, 2023 | marketbeat.com
The Odds Are High Costco Will Declare a Special Dividend Soon 
Costco had a solid quarter and continues to build its cash hoard, raising the odds that investors will receive a special dividend.
September 27, 2023 | marketbeat.com
3 Mid-Cap Momentum Plays to Ride Into Q4 (COST)
The low volatility of these three mid-caps with bullish momentum make them less likely to fall with the 2023 autumn leaves.
September 29, 2023 | Behind the Markets (Ad)
66,000% upside on tiny biotech?
The Wall Street Journal reports that this medical breakthrough is "Transforming Medicine." One analyst calculated that it could be worth $1 Trillion, making the upside potential of this small-cap 66,000% above today's price.
September 20, 2023 | marketbeat.com
3 Reasons Wall Street Is 100% Bullish on This Recent IPO (COST)
With nearly 50% upside to the consensus target, investors have a second chance to pounce on secondhand leader Savers Value Village.
September 13, 2023 | marketbeat.com
3 Reasons Dollar General Shares Belong in the Shopping Cart (COST)
Shares of Dollar General have fallen to their lowest level since May 2019, making the stock an attractive long-term play on a consumer spending rebound.
September 5, 2023 | marketbeat.com
5 Ways to Play Retail that will Profit in 2023 (COST)
The retail environment is shifting, but not all is lost. The group has clear winners that can provide healthy returns for investors.
August 29, 2023 | marketbeat.com
Consumer Staples vs. Consumer Discretionary (COST)
What is consumer staples vs. consumer discretionary? In a strong economy, consumers spend more on consumer discretionary products. Learn more with MarketBeat.
August 29, 2023 | marketbeat.com
What Are Consumer Staples Stocks? (COST)
Consumer staples stocks come from companies that produce in-demand goods and offer investors a safe harbor during inflation. Learn more.
September 29, 2023 | Legacy Research (Ad)
New Cash Law Will Be Disaster for Savers
New law has expert warning seniors and retirees to beware. There's a darker truth behind this financial bombshell...
September 29, 2023 | yahoo.com
Costco is selling gold bars - and the wholesale giant says they’re selling fast
September 29, 2023 | msn.com
Costco stops giving Instacart shoppers gift cards as refunds, amid claims they were being misused
September 29, 2023 | yahoo.com
Weird Rules Costco Food Court Employees Have To Follow
September 29, 2023 | finance.yahoo.com
4 Numbers That Explain the Stock Market’s Miserable September
September 29, 2023 | americanbankingnews.com
Q1 2024 EPS Estimates for Costco Wholesale Co. Cut by Telsey Advisory Group (NASDAQ:COST)
September 29, 2023 | americanbankingnews.com
William Blair Weighs in on Costco Wholesale Co.'s FY2025 Earnings (NASDAQ:COST)
September 29, 2023 | americanbankingnews.com
Costco Wholesale (NASDAQ:COST) Sets New 1-Year High After Analyst Upgrade
September 29, 2023 | yahoo.com
Despite Inflation, Costco's Membership Fees Are Staying Put
September 28, 2023 | businessinsider.com
Costco is mandating that its tech employees work in the office at least three days a week, internal memo shows
September 28, 2023 | finance.yahoo.com
Costco shoppers are snapping up gold bars
September 28, 2023 | markets.businessinsider.com
Costco is selling a 157-piece Le Creuset kitchen set for $4,500
September 28, 2023 | seekingalpha.com
Costco: Fourth-Quarter Results Show Resilience, But Valuation Remains High (Rating Upgrade)
September 28, 2023 | investorplace.com
Gold Rush: As Investor Fear Peaks, Costco Can’t Keep Gold Bars in Stock
September 28, 2023 | news.yahoo.com
Costco membership price increase 'a question of when, not if,' CFO says
September 28, 2023 | finance.yahoo.com
You Can Now Buy Gold Bars at Costco, But They Are Selling Out Fast — Are They Worth Tracking Down?
September 28, 2023 | finance.yahoo.com
How To Execute An Unbalanced Iron Condor On Costco Stock
September 28, 2023 | finance.yahoo.com
Costco to Offer Outpatient Healthcare Services Starting at $29
September 28, 2023 | 247wallst.com
Costco’s Gold Bar Sale
See More Headlines
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COST Company Calendar

Ex-Dividend for 9/8 Dividend
8/24/2023
Dividend Payable
9/08/2023
Last Earnings
9/26/2023
Today
9/29/2023
Next Earnings (Estimated)
12/14/2023
Fiscal Year End
8/31/2024
Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange
NASDAQ
Industry
Variety stores
Sub-Industry
Hypermarkets & Super Centers
Sector
Retail/Wholesale
Current Symbol
NASDAQ:COST
CUSIP
22160K10
CIK
909832
Web
www.costco.com
Phone
(425) 313-8100
Fax
425-313-6593
Employees
304,000
Year Founded
1983

Price Target and Rating

Average Stock Price Forecast
$580.93
High Stock Price Forecast
$652.00
Low Stock Price Forecast
$484.00
Forecasted Upside/Downside
+2.5%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.73
Research Coverage
26 Analysts

Profitability

EPS (Most Recent Fiscal Year)
$14.16
Trailing P/E Ratio
39.87
Forward P/E Ratio
36.44
P/E Growth
4.14
Net Income
$5.84 billion
Net Margins
2.60%
Pretax Margin
3.41%
Return on Equity
28.86%
Return on Assets
9.81%

Debt

Debt-to-Equity Ratio
0.28
Current Ratio
1.08
Quick Ratio
0.57

Sales & Book Value

Annual Sales
$242.29 billion
Price / Sales
1.03
Cash Flow
$17.65 per share
Price / Cash Flow
31.99
Book Value
$46.65 per share
Price / Book
12.10

Miscellaneous

Outstanding Shares
443,100,000
Free Float
442,125,000
Market Cap
$250.13 billion
Optionable
Optionable
Beta
0.79

Social Links

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Key Executives

  • Mr. W. Craig JelinekMr. W. Craig Jelinek (Age 71)
    CEO & Director
    Comp: $1.83M
  • Mr. Ron M. VachrisMr. Ron M. Vachris (Age 58)
    Pres, COO & Director
    Comp: $1.31M
  • Mr. Richard A. GalantiMr. Richard A. Galanti (Age 67)
    Exec. VP, CFO & Director
    Comp: $1.14M
  • Mr. Russell D. Miller (Age 66)
    Sr. EVP and COO of Warehouse Operations - U.S. & Mexico
    Comp: $1.01M
  • Mr. Patrick J. CallansMr. Patrick J. Callans (Age 60)
    Exec. VP of Admin.
  • David Sherwood
    VP of Fin. & Investor Relations
  • Mr. John Sullivan (Age 62)
    Exec. VP, Gen. Counsel & Corp. Sec.
  • Sheri Flies
    VP of Global Sustainability & Compliance
  • Sandy Torrey
    Sr. VP of Membership, Marketing, Member Service Centers & Travel
  • Brenda Weber
    Sr. VP of HR

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions













COST Stock - Frequently Asked Questions

Should I buy or sell Costco Wholesale stock right now?

26 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Costco Wholesale in the last year. There are currently 7 hold ratings and 19 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" COST shares.
View COST analyst ratings or view top-rated stocks.

What is Costco Wholesale's stock price forecast for 2023?

26 equities research analysts have issued 1-year price targets for Costco Wholesale's shares. Their COST share price forecasts range from $484.00 to $652.00. On average, they predict the company's share price to reach $580.93 in the next year. This suggests a possible upside of 2.9% from the stock's current price.
View analysts price targets for COST or view top-rated stocks among Wall Street analysts.

How have COST shares performed in 2023?

Costco Wholesale's stock was trading at $456.50 at the beginning of 2023. Since then, COST shares have increased by 23.7% and is now trading at $564.50.
View the best growth stocks for 2023 here.

When is Costco Wholesale's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, December 14th 2023.
View our COST earnings forecast.

How were Costco Wholesale's earnings last quarter?

Costco Wholesale Co. (NASDAQ:COST) issued its quarterly earnings results on Tuesday, September, 26th. The retailer reported $4.86 EPS for the quarter, topping analysts' consensus estimates of $4.79 by $0.07. The retailer earned $78.94 billion during the quarter, compared to analyst estimates of $77.72 billion. Costco Wholesale had a trailing twelve-month return on equity of 28.86% and a net margin of 2.60%. Costco Wholesale's quarterly revenue was up 9.5% on a year-over-year basis. During the same period last year, the business posted $4.20 EPS.
Read the conference call transcript.

How often does Costco Wholesale pay dividends? What is the dividend yield for Costco Wholesale?

Costco Wholesale announced a quarterly dividend on Wednesday, August 9th. Stockholders of record on Friday, August 25th will be given a dividend of $1.02 per share on Friday, September 8th. This represents a $4.08 annualized dividend and a dividend yield of 0.72%. The ex-dividend date of this dividend is Thursday, August 24th.
Read our dividend analysis for COST.

What ETFs hold Costco Wholesale's stock?

ETFs with the largest weight of Costco Wholesale (NASDAQ:COST) stock in their portfolio include Consumer Staples Select Sector SPDR Fund (XLP), Fidelity MSCI Consumer Staples Index ETF (FSTA), Vanguard Consumer Staples ETF (VDC), ProShares Ultra Consumer Staples (UGE), VanEck Retail ETF (RTH), iShares U.S. Consumer Focused ETF (IEDI), iShares Global Consumer Staples ETF (KXI) and God Bless America ETF (YALL).

Is Costco Wholesale a good dividend stock?

Costco Wholesale (NASDAQ:COST) pays an annual dividend of $4.08 per share and currently has a dividend yield of 0.72%. The company has been increasing its dividend for 19 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 28.81%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, COST will have a dividend payout ratio of 23.92% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for COST.

How were Costco Wholesale's same store sales last quarter?

Costco Wholesale same store sales climbed 10% in the month of July. Costco Wholesale stock rose by 0% in the first day of trading following the report.

What is Craig Jelinek's approval rating as Costco Wholesale's CEO?

3,447 employees have rated Costco Wholesale Chief Executive Officer Craig Jelinek on Glassdoor.com. Craig Jelinek has an approval rating of 92% among the company's employees. This puts Craig Jelinek in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of Costco Wholesale own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Costco Wholesale investors own include NVIDIA (NVDA), Walt Disney (DIS), Alibaba Group (BABA), Home Depot (HD), Netflix (NFLX), Visa (V), Johnson & Johnson (JNJ), Tesla (TSLA), Walmart (WMT) and Boeing (BA).

What is Costco Wholesale's stock symbol?

Costco Wholesale trades on the NASDAQ under the ticker symbol "COST."

How do I buy shares of Costco Wholesale?

Shares of COST stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Costco Wholesale's stock price today?

One share of COST stock can currently be purchased for approximately $564.50.

How much money does Costco Wholesale make?

Costco Wholesale (NASDAQ:COST) has a market capitalization of $250.13 billion and generates $242.29 billion in revenue each year. The retailer earns $5.84 billion in net income (profit) each year or $14.16 on an earnings per share basis.

How many employees does Costco Wholesale have?

The company employs 304,000 workers across the globe.

Does Costco Wholesale have any subsidiaries?
The following companies are subsidiares of Costco Wholesale: Costco De Mexico S.A. de C.V., Costco Insurance Agency Inc., Costco President Taiwan Inc., Costco Wholesale Canada Ltd., Costco Wholesale Japan Ltd., Costco Wholesale Korea Ltd., Costco Wholesale Membership Inc., Costco Wholesale United Kingdom Ltd., Innovel Solutions, NW Re Ltd., and PriceCostco International Inc..
Read More
How can I contact Costco Wholesale?

Costco Wholesale's mailing address is 999 LAKE DRIVE, ISSAQUAH WA, 98027. The official website for the company is www.costco.com. The retailer can be reached via phone at (425) 313-8100, via email at investor@costco.com, or via fax at 425-313-6593.

This page (NASDAQ:COST) was last updated on 9/29/2023 by MarketBeat.com Staff

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