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Costco Wholesale - COST Stock Forecast, Price & News

$524.00
+6.09 (+1.18%)
(As of 02/2/2023 09:17 AM ET)
Add
Compare
Today's Range
$524.00
$524.00
50-Day Range
$450.19
$539.25
52-Week Range
$406.51
$612.27
Volume
6,753 shs
Average Volume
1.96 million shs
Market Capitalization
$232.51 billion
P/E Ratio
39.61
Dividend Yield
0.70%
Price Target
$553.78

Costco Wholesale MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.84 Rating Score
Upside/​Downside
6.9% Upside
$553.78 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
0.30mentions of Costco Wholesale in the last 14 days
Based on 45 Articles This Week
Insider Trading
Selling Shares
$2.20 M Sold Last Quarter
Proj. Earnings Growth
9.55%
From $14.24 to $15.60 Per Share

Overall MarketRank

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

2.72 out of 5 stars

Retail/Wholesale Sector

23rd out of 216 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

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
This Stock Has Room To Run
Analysts believe this stock's product demand could rise quickly in the next few years.
This Stock Has Room To Run
Analysts believe this stock's product demand could rise quickly in the next few years.
Costco Wholesale Co. (COST) To Go Ex-Dividend on February 2nd
20 Items That Are Always Cheaper at Costco
Costco's Secret to Keeping Kirkland Signature Prices Low
Bull of the Day: BJ's Wholesale Club Holdings, Inc. (BJ)
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
Today
2/02/2023
Ex-Dividend for 2/17 Dividend
2/02/2023
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
$555.09
High Stock Price Forecast
$635.00
Low Stock Price Forecast
$450.00
Forecasted Upside/Downside
+5.7%
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
$18.06 per share
Book Value
$48.40 per share

Miscellaneous

Free Float
442,753,000
Market Cap
$232.51 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 year. 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 brokerages have issued 1-year price targets for Costco Wholesale's stock. Their COST share price forecasts range from $450.00 to $635.00. On average, they expect the company's share price to reach $553.78 in the next year. This suggests a possible upside of 6.9% 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 on January 1st, 2023. Since then, COST shares have increased by 13.5% and is now trading at $517.91.
View the best growth stocks for 2023 here
.

Are investors shorting Costco Wholesale?

Costco Wholesale saw a decline in short interest in the month of 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 trading volume of 2,230,000 shares, the days-to-cover ratio is presently 1.6 days. Approximately 0.8% of the company's stock are sold short.
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 were Costco Wholesale's earnings last quarter?

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

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. Stockholders of record on Friday, February 3rd will be given a dividend of $0.90 per share on Friday, February 17th. This represents a $3.60 dividend on an annualized basis and a dividend yield of 0.70%. The ex-dividend date of this dividend 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 0.72%. 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 23.08% 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% in the month of January. Costco Wholesale stock climbed 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."

Who are Costco Wholesale's major shareholders?

Costco Wholesale's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include International Assets Investment Management LLC (0.86%), Parnassus Investments LLC (0.29%), Sumitomo Mitsui Trust Holdings Inc. (0.28%), Everett Harris & Co. CA (0.20%), New York State Common Retirement Fund (0.18%) and Emerald Advisors LLC (0.14%). 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 $517.91.

How much money does Costco Wholesale make?

Costco Wholesale (NASDAQ:COST) has a market capitalization of $229.81 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 2/2/2023 by MarketBeat.com Staff