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S&P 500   3,852.36
DOW   32,920.46
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MarketBeat Week in Review – 1/30 - 2/3
Know Your Profit Potential BEFORE You Trade! (Ad)pixel
State of the Union: Biden sees economic glow, GOP sees gloom
Why a new Alzheimer's drug is having a slow US debut
Know Your Profit Potential BEFORE You Trade! (Ad)pixel
Sri Lanka marks independence anniversary amid economic woes
Tesla hikes price of Model Y after US alters tax credit rule
Know Your Profit Potential BEFORE You Trade! (Ad)pixel
Disney World unions vote down offer covering 45,000 workers
Route to Super Bowl dangerous for Mexico's avocado haulers
S&P 500   3,852.36
DOW   32,920.46
QQQ   306.18
MarketBeat Week in Review – 1/30 - 2/3
Know Your Profit Potential BEFORE You Trade! (Ad)pixel
State of the Union: Biden sees economic glow, GOP sees gloom
Why a new Alzheimer's drug is having a slow US debut
Know Your Profit Potential BEFORE You Trade! (Ad)pixel
Sri Lanka marks independence anniversary amid economic woes
Tesla hikes price of Model Y after US alters tax credit rule
Know Your Profit Potential BEFORE You Trade! (Ad)pixel
Disney World unions vote down offer covering 45,000 workers
Route to Super Bowl dangerous for Mexico's avocado haulers
S&P 500   3,852.36
DOW   32,920.46
QQQ   306.18
MarketBeat Week in Review – 1/30 - 2/3
Know Your Profit Potential BEFORE You Trade! (Ad)pixel
State of the Union: Biden sees economic glow, GOP sees gloom
Why a new Alzheimer's drug is having a slow US debut
Know Your Profit Potential BEFORE You Trade! (Ad)pixel
Sri Lanka marks independence anniversary amid economic woes
Tesla hikes price of Model Y after US alters tax credit rule
Know Your Profit Potential BEFORE You Trade! (Ad)pixel
Disney World unions vote down offer covering 45,000 workers
Route to Super Bowl dangerous for Mexico's avocado haulers

Costco Wholesale - COST Stock Forecast, Price & News

$514.80
-8.63 (-1.65%)
(As of 02/3/2023 12:00 AM ET)
Add
Compare
Today's Range
$512.50
$521.55
50-Day Range
$450.19
$539.25
52-Week Range
$406.51
$612.27
Volume
1.84 million shs
Average Volume
1.96 million shs
Market Capitalization
$228.43 billion
P/E Ratio
38.91
Dividend Yield
0.70%
Price Target
$556.39

Costco Wholesale MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.84 Rating Score
Upside/​Downside
8.1% Upside
$556.39 Price Target
Short Interest
Healthy
0.82% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-1.70
Upright™ Environmental Score
News Sentiment
0.42mentions of Costco Wholesale in the last 14 days
Based on 53 Articles This Week
Insider Trading
Selling Shares
$1.72 M Sold Last Quarter
Proj. Earnings Growth
9.54%
From $14.25 to $15.61 Per Share

Overall MarketRank

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

2.60 out of 5 stars

Retail/Wholesale Sector

20th out of 212 stocks

Variety Stores Industry

3rd out of 11 stocks

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.

 

 

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COST Stock News Headlines

MarketBeat Week in Review – 1/30 - 2/3 (COST)
The markets are trending lower to end the week. It’s hard to figure out the markets after the blockbuster job report, but the MarketBeat team gave it a shot
Costco Continues to be the Right Stock for the Right Time
A solid January sales report confirms what many investors already expect. That is, consumers continue to like Costco and that could be bullish for COST stock
“Future Fuel” will unleash $11 trillion wave of wealth
The next major energy revolution is unfolding right now. And it could hand early investors as much as 46,700% gains…
“Future Fuel” will unleash $11 trillion wave of wealth
The next major energy revolution is unfolding right now. And it could hand early investors as much as 46,700% gains…
Why Costco Wholesale Stock Was Up Earlier Today
See More Headlines
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COST Company Calendar

Ex-Dividend for 11/10 Dividend
10/27/2022
Dividend Payable
11/10/2022
Last Earnings
12/08/2022
Ex-Dividend for 2/17 Dividend
2/02/2023
Today
2/05/2023
Dividend Payable
2/17/2023
Next Earnings (Confirmed)
3/02/2023
Fiscal Year End
8/31/2023

Industry, Sector and Symbol

Industry
Variety stores
Sub-Industry
Hypermarkets & Super Centers
Current Symbol
NASDAQ:COST
CUSIP
22160K10
Employees
304,000
Year Founded
1983

Price Target and Rating

Average Stock Price Forecast
$556.39
High Stock Price Forecast
$635.00
Low Stock Price Forecast
$450.00
Forecasted Upside/Downside
+8.1%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.84
Research Coverage
19 Analysts

Profitability

Net Income
$5.84 billion
Pretax Margin
3.43%

Debt

Sales & Book Value

Annual Sales
$226.95 billion
Cash Flow
$17.62 per share
Book Value
$48.40 per share

Miscellaneous

Free Float
442,753,000
Market Cap
$228.43 billion
Optionable
Optionable
Beta
0.79

Social Links


Key Executives

  • Walter Craig Jelinek
    Chief Executive Officer & Director
  • Roland M. Vachris
    President, Chief Operating Officer & Director
  • Richard A. GalantiRichard A. Galanti
    Chief Financial Officer, Director & Executive VP
  • Paul G. MoultonPaul G. Moulton
    Chief Information Officer & Executive VP
  • John Sullivan
    Secretary, Senior Executive VP & General Counsel













COST Stock - Frequently Asked Questions

Should I buy or sell Costco Wholesale stock right now?

19 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Costco Wholesale in the last twelve months. There are currently 3 hold ratings and 16 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" COST shares.
View COST analyst ratings
or view top-rated stocks.

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

19 brokers have issued 12-month price objectives for Costco Wholesale's shares. Their COST share price forecasts range from $450.00 to $635.00. On average, they anticipate the company's share price to reach $556.39 in the next year. This suggests a possible upside of 8.1% 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 the year. Since then, COST shares have increased by 12.8% and is now trading at $514.80.
View the best growth stocks for 2023 here
.

Are investors shorting Costco Wholesale?

Costco Wholesale saw a decline in short interest in January. As of January 15th, there was short interest totaling 3,620,000 shares, a decline of 18.5% from the December 31st total of 4,440,000 shares. Based on an average daily trading volume, of 2,230,000 shares, the short-interest ratio is currently 1.6 days. Currently, 0.8% of the company's shares are short sold.
View Costco Wholesale's Short Interest
.

When is Costco Wholesale's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, March 2nd 2023.
View our COST earnings forecast
.

How can I listen to Costco Wholesale's earnings call?

Costco Wholesale will be holding an earnings conference call on Thursday, March 2nd at 5:00 PM Eastern. Interested parties can register for or listen to the call using this link.

How were Costco Wholesale's earnings last quarter?

Costco Wholesale Co. (NASDAQ:COST) issued its quarterly earnings data on Thursday, December, 8th. The retailer reported $3.10 earnings per share for the quarter, missing analysts' consensus estimates of $3.14 by $0.04. The retailer earned $54.44 billion during the quarter, compared to the consensus estimate of $54.67 billion. Costco Wholesale had a net margin of 2.55% and a trailing twelve-month return on equity of 28.83%.

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

Costco Wholesale declared a quarterly dividend on Thursday, January 19th. Investors of record on Friday, February 3rd will be paid a dividend of $0.90 per share on Friday, February 17th. This represents a $3.60 dividend on an annualized basis and a yield of 0.70%. The ex-dividend date is Thursday, February 2nd.
Read our dividend analysis for COST
.

Is Costco Wholesale a good dividend stock?

Costco Wholesale (NASDAQ:COST) pays an annual dividend of $3.60 per share and currently has a dividend yield of 0.69%. The company has been increasing its dividend for 18 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 27.21%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, COST will have a dividend payout ratio of 23.06% 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 increased by 10% during the month of January. Costco Wholesale shares climbed by 0% in the first full-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."

Who are Costco Wholesale's major shareholders?

Costco Wholesale's stock is owned by a variety of retail and institutional investors. Top institutional investors include International Assets Investment Management LLC (0.86%), Fisher Asset Management LLC (0.58%), Parnassus Investments LLC (0.29%), Sumitomo Mitsui Trust Holdings Inc. (0.28%), Everett Harris & Co. CA (0.20%) and New York State Common Retirement Fund (0.18%). Insiders that own company stock include Claudine Adamo, Daniel M Hines, James C Klauer, James C Klauer, James P Murphy, Joseph P Portera, Kenneth D Denman, Mary Agnes Wilderotter, Patrick J Callans, Patrick J Callans, Paul G Moulton, Richard A Galanti, Roland Michael Vachris, Russell D Miller, Susan L Decker and Timothy L Rose.
View institutional ownership trends
.

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 $514.80.

How much money does Costco Wholesale make?

Costco Wholesale (NASDAQ:COST) has a market capitalization of $228.43 billion and generates $226.95 billion in revenue each year. The retailer earns $5.84 billion in net income (profit) each year or $13.23 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 2/5/2023 by MarketBeat.com Staff