Costco Wholesale - COST Stock Forecast, Price & News

23 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Costco Wholesale in the last year. There are currently 4 hold ratings and 19 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" COST shares.
View COST analyst ratings or view top-rated stocks.

23 equities research analysts have issued 12-month price objectives for Costco Wholesale's shares. Their COST share price forecasts range from $455.00 to $678.00. On average, they anticipate the company's stock price to reach $567.46 in the next twelve months. This suggests a possible upside of 17.9% from the stock's current price.
View analysts price targets for COST or view top-rated stocks among Wall Street analysts.

Costco Wholesale's stock was trading at $567.70 on January 1st, 2022. Since then, COST stock has decreased by 15.2% and is now trading at $481.16.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, December 8th 2022.
View our COST earnings forecast.

Costco Wholesale will be holding an earnings conference call on Thursday, December 8th at 5:00 PM Eastern. Interested parties can register for or listen to the call using this link.

Costco Wholesale Co. (NASDAQ:COST) posted its earnings results on Thursday, September, 22nd. The retailer reported $4.20 EPS for the quarter, beating the consensus estimate of $4.12 by $0.08. The retailer had revenue of $72.09 billion for the quarter, compared to analyst estimates of $72 billion. Costco Wholesale had a net margin of 2.58% and a trailing twelve-month return on equity of 29.44%. The company's revenue was up 17.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $3.90 EPS.
Read the conference call transcript.

Costco Wholesale declared a quarterly dividend on Wednesday, October 12th. Investors of record on Friday, October 28th will be paid a dividend of $0.90 per share on Thursday, November 10th. This represents a $3.60 annualized dividend and a dividend yield of 0.75%. The ex-dividend date is Thursday, October 27th.
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 0.74%. The company has been increasing its dividend for 17 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 27.40%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, COST will have a dividend payout ratio of 22.77% 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 rose 10% during the month of November. Costco Wholesale shares rose by 0% in the first day of trading following the news.

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 number of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (8.82%), BlackRock Inc. (6.79%), State Street Corp (4.25%), Alliancebernstein L.P. (1.06%), Bank of New York Mellon Corp (1.01%) and Jennison Associates LLC (0.98%). 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 $481.16.

Costco Wholesale (NASDAQ:COST) has a market capitalization of $212.96 billion and generates $226.95 billion in revenue each year. The retailer earns $5.84 billion in net income (profit) each year or $13.14 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.