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NASDAQ:COST

Costco Wholesale - COST Stock Forecast, Price & News

$540.29
-0.38 (-0.07%)
(As of 08/8/2022 02:59 PM ET)
Add
Compare
Today's Range
$538.85
$547.50
50-Day Range
$446.69
$547.01
52-Week Range
$406.51
$612.27
Volume
44,184 shs
Average Volume
2.67 million shs
Market Capitalization
$239.33 billion
P/E Ratio
42.54
Dividend Yield
0.67%
Price Target
$576.68

Costco Wholesale MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.84 Rating Score
Upside/​Downside
6.5% Upside
$576.68 Price Target
Short Interest
Healthy
0.83% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-2.66
Upright™ Environmental Score
News Sentiment
0.34mentions of Costco Wholesale in the last 14 days
Based on 30 Articles This Week
Insider Trading
Selling Shares
$2.61 M Sold Last Quarter
Proj. Earnings Growth
9.89%
From $13.04 to $14.33 Per Share

Overall MarketRank

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

2.65 out of 5 stars

Retail/Wholesale Sector

63rd out of 261 stocks

Variety Stores Industry

4th out of 12 stocks

COST stock logo

About Costco Wholesale (NASDAQ:COST) Stock

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. It offers branded and private-label products in a range of merchandise categories. The company offers sundries, dry groceries, candies, coolers, freezers, liquor, and tobacco and deli products; appliances, electronics, health and beauty aids, hardware, garden and patio products, sporting goods, tires, toys and seasonal products, office supplies, automotive care products, postages, tickets, apparel, small appliances, furniture, domestics, housewares, special order kiosks, and jewelry; and meat, produce, service deli, and bakery products. It also operates pharmacies, opticals, food courts, hearing-aid centers, and tire installation centers, as well as 636 gas stations; and offers business delivery, travel, same-day grocery, and various other services online in various countries. As of August 29, 2021, the company operated 815 membership warehouses, including 564 in the United States and Puerto Rico, 105 in Canada, 39 in Mexico, 30 in Japan, 29 in the United Kingdom, 16 in South Korea, 14 in Taiwan, 12 in Australia, 3 in Spain, 1 in Iceland, 1 in France, and 1 in China. It also operates e-commerce websites in the United States, Canada, the United Kingdom, Mexico, South Korea, Taiwan, Japan, and Australia. The company was formerly known as Costco Companies, Inc. and changed its name to Costco Wholesale Corporation in August 1999. Costco Wholesale Corporation was founded in 1976 and is based in Issaquah, Washington.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. StockNews.com upgraded Costco Wholesale from a "hold" rating to a "buy" rating in a research note on Friday, July 15th. Telsey Advisory Group decreased their target price on Costco Wholesale from $615.00 to $590.00 and set an "outperform" rating for the company in a research note on Friday, May 27th. Citigroup lifted their target price on Costco Wholesale from $510.00 to $545.00 in a research note on Thursday. The Goldman Sachs Group lifted their price target on Costco Wholesale from $516.00 to $573.00 and gave the company a "buy" rating in a report on Thursday. Finally, Oppenheimer lifted their price target on Costco Wholesale from $535.00 to $600.00 in a report on Thursday. Four equities research analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $576.68.

Costco Wholesale Stock Up 1.0 %

Shares of NASDAQ:COST traded up $5.39 during midday trading on Monday, reaching $546.06. 13,468 shares of the company were exchanged, compared to its average volume of 2,673,988. Costco Wholesale has a fifty-two week low of $406.51 and a fifty-two week high of $612.27. The company has a quick ratio of 0.48, a current ratio of 1.04 and a debt-to-equity ratio of 0.32. The stock has a fifty day simple moving average of $492.92 and a two-hundred day simple moving average of $515.52. The firm has a market cap of $241.88 billion, a PE ratio of 42.77, a P/E/G ratio of 4.52 and a beta of 0.69.

Costco Wholesale (NASDAQ:COST - Get Rating) last issued its quarterly earnings data on Thursday, May 26th. The retailer reported $3.17 EPS for the quarter, topping analysts' consensus estimates of $3.00 by $0.17. Costco Wholesale had a net margin of 2.60% and a return on equity of 29.71%. The business had revenue of $52.60 billion for the quarter, compared to analyst estimates of $51.49 billion. During the same period last year, the business posted $2.75 earnings per share. The firm's quarterly revenue was up 18.5% on a year-over-year basis. As a group, sell-side analysts forecast that Costco Wholesale will post 13.04 earnings per share for the current year.

Costco Wholesale Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 12th. Investors of record on Friday, July 29th will be given a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 0.07%. The ex-dividend date is Thursday, July 28th. Costco Wholesale's dividend payout ratio (DPR) is currently 28.35%.

Insider Activity at Costco Wholesale

In related news, VP James P. Murphy sold 1,500 shares of the firm's stock in a transaction on Wednesday, July 20th. The shares were sold at an average price of $525.20, for a total value of $787,800.00. Following the completion of the transaction, the vice president now owns 36,230 shares of the company's stock, valued at $19,027,996. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, VP James P. Murphy sold 1,500 shares of Costco Wholesale stock in a transaction dated Wednesday, July 20th. The shares were sold at an average price of $525.20, for a total value of $787,800.00. Following the completion of the transaction, the vice president now owns 36,230 shares of the company's stock, valued at approximately $19,027,996. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP James P. Murphy sold 2,500 shares of Costco Wholesale stock in a transaction dated Wednesday, June 22nd. The shares were sold at an average price of $464.00, for a total transaction of $1,160,000.00. Following the completion of the transaction, the vice president now directly owns 37,730 shares of the company's stock, valued at approximately $17,506,720. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 5,300 shares of company stock valued at $2,609,904. Corporate insiders own 0.22% of the company's stock.

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COST Stock News Headlines

BJ’s Wholesale Club Stock Has More Room to Grow (COST)
Membership warehouse club operator BJ’s Wholesale Club Holdings (NYSE: BJ) stock is one of the rare stocks actually trading up 3% for 2022.
Lackluster Results Provide An Opportunity In Tractor Supply Company (COST)
Tractor Supply Company (NASDAQ: TSCO) reported better than expected Q2 results and raised the guidance and yet shares fell because of it. Shares fell because the results and guidance, while favorable, are lackluster in regard to the analyst's estimate.
3 Grocery Stocks That Can Help Take a Bite Out of Inflation
Grocery stocks are among the best defensive stocks for investors to buy during a bear market. Here are three best-in-class stocks that have pricing power to withstand a recession
Wall Street ends winning week with mixed close on jobs data
Wall Street is closing out a winning week with a sputtering finish on Friday, as stocks waffled following a stronger-than-expected report on the U.S. jobs market
Wall Street wavers after surprisingly strong jobs report
Stocks are swinging between small gains and losses as Wall Street works out what to make of a surprisingly strong report on the U.S. jobs market
Costco Wholesale (NASDAQ:COST) Price Target Raised to $545.00
Costco Wholesale (NASDAQ:COST) Price Target Raised to $573.00
Costco Wholesale (NASDAQ:COST) Price Target Raised to $571.00
Costco May Have a Huge Workers Problem
Costco Wholesale (NASDAQ:COST) PT Raised to $600.00
eBay To $59? Plus Goldman Sachs Predicts This PT For Costco Wholesale
Is Costco Stock Worth Paying Up for?
Costco Gold Star Membership
See More Headlines
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COST Company Calendar

Ex-Dividend for 5/13 Dividend
4/28/2022
Dividend Payable
5/13/2022
Last Earnings
5/26/2022
Ex-Dividend for 8/12 Dividend
7/28/2022
Today
8/08/2022
Dividend Payable
8/12/2022
Fiscal Year End
8/31/2022
Next Earnings (Confirmed)
9/22/2022

Industry, Sector and Symbol

Industry
Variety stores
Sub-Industry
Hypermarkets & Super Centers
Current Symbol
NASDAQ:COST
CUSIP
22160K10
Employees
288,000
Year Founded
1983

Price Target and Rating

Average Stock Price Forecast
$576.68
High Stock Price Forecast
$678.00
Low Stock Price Forecast
$423.00
Forecasted Upside/Downside
+6.7%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.84
Research Coverage
25 Analysts

Profitability

Net Income
$5.01 billion
Pretax Margin
3.50%

Debt

Sales & Book Value

Annual Sales
$195.93 billion
Cash Flow
$15.16 per share
Book Value
$40.92 per share

Miscellaneous

Free Float
441,988,000
Market Cap
$239.33 billion
Optionable
Optionable
Beta
0.69

Social Links















COST Stock - Frequently Asked Questions

Should I buy or sell Costco Wholesale stock right now?

25 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Costco Wholesale in the last twelve months. There are currently 4 hold ratings and 21 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 2022?

25 equities research analysts have issued 12-month price objectives for Costco Wholesale's shares. Their COST stock forecasts range from $423.00 to $678.00. On average, they predict the company's share price to reach $576.68 in the next twelve months. This suggests a possible upside of 6.7% from the stock's current price.
View analysts price targets for COST
or view top-rated stocks among Wall Street analysts.

How has Costco Wholesale's stock performed in 2022?

Costco Wholesale's stock was trading at $567.70 on January 1st, 2022. Since then, COST shares have decreased by 4.8% and is now trading at $540.39.
View the best growth stocks for 2022 here
.

When is Costco Wholesale's next earnings date?

Costco Wholesale is scheduled to release its next quarterly earnings announcement on Thursday, September 22nd 2022.
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, September 22nd 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 results on Thursday, May, 26th. The retailer reported $3.17 earnings per share for the quarter, beating analysts' consensus estimates of $3.00 by $0.17. The retailer earned $52.60 billion during the quarter, compared to the consensus estimate of $51.49 billion. Costco Wholesale had a trailing twelve-month return on equity of 29.71% and a net margin of 2.60%. The company's revenue was up 18.5% on a year-over-year basis. During the same quarter last year, the firm earned $2.75 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, July 13th. Shareholders of record on Friday, July 29th will be paid a dividend of $0.09 per share on Friday, August 12th. This represents a $0.36 annualized dividend and a dividend yield of 0.07%. The ex-dividend date is Thursday, July 28th.
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 0.67%. 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 28.35%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, COST will have a dividend payout ratio of 25.12% 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% during the month of July. Costco Wholesale stock 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 many different institutional and retail investors. Top institutional shareholders include Jennison Associates LLC (0.74%), Parnassus Investments LLC (0.29%), Sumitomo Mitsui Trust Holdings Inc. (0.28%), Brown Advisory Inc. (0.27%), Everett Harris & Co. CA (0.20%) and TD Asset Management Inc. (0.20%). 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, Richard M Libenson, 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 $540.39.

How much money does Costco Wholesale make?

Costco Wholesale (NASDAQ:COST) has a market capitalization of $239.37 billion and generates $195.93 billion in revenue each year. The retailer earns $5.01 billion in net income (profit) each year or $12.70 on an earnings per share basis.

How many employees does Costco Wholesale have?

Costco Wholesale employs 288,000 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

When was Costco Wholesale founded?

Costco Wholesale was founded in 1983.

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 8/8/2022 by MarketBeat.com Staff

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