Costco Wholesale - COST Stock Forecast, Price & News

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.
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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.
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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.
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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.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, March 2nd 2023.
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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%.

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.

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.

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.

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.

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).

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

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.
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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.
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One share of COST stock can currently be purchased for approximately $517.91.

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.

The company employs 304,000 workers across the globe.

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.