NASDAQ:COSTCostco Wholesale Stock Price, Forecast & News

Costco Wholesale's stock was trading at $297.43 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, COST stock has increased by 9.5% and is now trading at $325.54. View which stocks have been most impacted by Coronavirus.

30 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Costco Wholesale in the last year. There are currently 1 sell rating, 10 hold ratings and 19 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Costco Wholesale.

Costco Wholesale is scheduled to release its next quarterly earnings announcement on Thursday, October 1st 2020. View our earnings forecast for Costco Wholesale.

Costco Wholesale Co. (NASDAQ:COST) posted its quarterly earnings results on Thursday, May, 28th. The retailer reported $1.89 earnings per share for the quarter, missing analysts' consensus estimates of $1.92 by $0.03. The retailer earned $36.45 billion during the quarter, compared to analyst estimates of $36.66 billion. Costco Wholesale had a return on equity of 22.60% and a net margin of 2.31%. The company's quarterly revenue was up 4.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.89 EPS. View Costco Wholesale's earnings history.

Costco Wholesale announced a quarterly dividend on Wednesday, April 15th. Investors of record on Friday, May 1st will be given a dividend of $0.70 per share on Friday, May 15th. This represents a $2.80 annualized dividend and a dividend yield of 0.86%. The ex-dividend date of this dividend is Thursday, April 30th. This is an increase from Costco Wholesale's previous quarterly dividend of $0.65. View Costco Wholesale's dividend history.

Costco Wholesale announced that its Board of Directors has authorized a stock buyback plan on Friday, April 26th 2019, which authorizes the company to buyback $4,000,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to buy up to 3.8% of its stock through open market purchases. Stock buyback plans are typically a sign that the company's leadership believes its shares are undervalued.

30 brokers have issued 1-year price targets for Costco Wholesale's stock. Their forecasts range from $230.00 to $360.00. On average, they expect Costco Wholesale's share price to reach $323.00 in the next twelve months. This suggests that the stock has a possible downside of 0.8%. View analysts' price targets for Costco Wholesale.

Costco Wholesale same store sales rose 11.5% during the month of June. Costco Wholesale shares climbed by 0% in the first full-day of trading following the report.

News articles about COST stock have been trending neutral recently, InfoTrie Sentiment Analysis reports. The research group scores the sentiment of press coverage by monitoring more than six thousand blog and news sources in real-time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Costco Wholesale earned a news sentiment score of 0.5 on InfoTrie's scale. They also assigned news stories about the retailer a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an effect on the company's share price in the next several days. View the latest news about Costco Wholesale.

Some companies that are related to Costco Wholesale include Walmart (WMT), Target (TGT), Dollar General (DG), Wal-mart de Mexico S A B de C V (WMMVY), Tesco (TSCDY), Dollar Tree (DLTR), Ollie's Bargain Outlet (OLLI), Five Below (FIVE), BJs Wholesale Club (BJ), PriceSmart (PSMT), Big Lots (BIG), Tuesday Morning (TUES) and Fred's (FREDQ). View all competitors.

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), Netflix (NFLX), Home Depot (HD), Visa (V), Johnson & Johnson (JNJ), Boeing (BA), Tesla (TSLA) and Walmart (WMT).

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

Costco Wholesale's stock is owned by many different retail and institutional investors. Top institutional investors include Envestnet Asset Management Inc. (0.08%), Hexavest Inc. (0.04%), State of Alaska Department of Revenue (0.03%), Chesley Taft & Associates LLC (0.02%), DNB Asset Management AS (0.01%) and Private Asset Management Inc. (0.01%). Company insiders that own Costco Wholesale stock include Daniel M Hines, Franz E Lazarus, James C Klauer, James P Murphy, John W Meisenbach, Joseph P Portera, Patrick J Callans, Paul G Moulton, Richard A Galanti, Richard M Libenson, Roland Michael Vachris, Russell D Miller, Susan L Decker, Timothy L Rose and W Craig Jelinek. View institutional ownership trends for Costco Wholesale.

COST stock was sold by a variety of institutional investors in the last quarter, including Hexavest Inc., 6 Meridian, Municipal Employees Retirement System of Michigan, First National Bank of Mount Dora Trust Investment Services, Clarus Wealth Advisors, Ayalon Holdings Ltd., Addenda Capital Inc., and Renaissance Investment Group LLC. Company insiders that have sold Costco Wholesale company stock in the last year include Daniel M Hines, James P Murphy, Joseph P Portera, 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 insider buying and selling activity for Costco Wholesale.

COST stock was bought by a variety of institutional investors in the last quarter, including State of Alaska Department of Revenue, Envestnet Asset Management Inc., New Capital Management LP, Consolidated Capital Management LLC, DNB Asset Management AS, Park National Corp OH, Bay Rivers Group, and Symphony Financial Ltd. Co.. View insider buying and selling activity for Costco Wholesale.

Shares of COST can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of COST stock can currently be purchased for approximately $325.54.

Costco Wholesale has a market capitalization of $143.73 billion and generates $152.70 billion in revenue each year. The retailer earns $3.66 billion in net income (profit) each year or $8.19 on an earnings per share basis. Costco Wholesale employs 254,000 workers across the globe.

The official website for Costco Wholesale is www.costco.com.

Costco Wholesale's mailing address is 999 LAKE DRIVE, ISSAQUAH WA, 98027. The retailer can be reached via phone at 425-313-8100 or via email at [email protected]