Costco Wholesale Stock Forecast, Price & 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 shares have increased by 15.9% and is now trading at $344.63.
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30 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Costco Wholesale in the last year. There are currently 11 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, September 24th 2020.
View our earnings forecast for Costco Wholesale.

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

Costco Wholesale announced a quarterly dividend on Wednesday, July 15th. Stockholders of record on Friday, July 31st will be given a dividend of $0.70 per share on Friday, August 14th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 0.81%. The ex-dividend date is Thursday, July 30th.
View Costco Wholesale's dividend history.

Costco Wholesale announced that its Board of Directors has authorized a stock buyback program on Friday, April 26th 2019, which permits the company to repurchase $4,000,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization permits the company to buy up to 3.8% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company's board of directors believes its shares are undervalued.

30 brokerages have issued twelve-month price targets for Costco Wholesale's stock. Their forecasts range from $299.00 to $410.00. On average, they anticipate Costco Wholesale's share price to reach $356.82 in the next twelve months. This suggests a possible upside of 3.5% from the stock's current price.
View analysts' price targets for Costco Wholesale.

Costco Wholesale same-store sales increased by 13.2% during the month of July. Costco Wholesale stock rose by 0% in the first day of trading following the report.

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), Five Below (FIVE), BJs Wholesale Club (BJ), Ollie's Bargain Outlet (OLLI), PriceSmart (PSMT), Big Lots (BIG), Tuesday Morning (TUES) and Fred's (FREDQ).
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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 investors include Vanguard Group Inc. (8.59%), FMR LLC (2.74%), Bank of New York Mellon Corp (1.04%), Nuveen Asset Management LLC (0.91%), Jennison Associates LLC (0.88%) and Fisher Asset Management LLC (0.74%). 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 Vanguard Group Inc., Jennison Associates LLC, Nuveen Asset Management LLC, Toronto Dominion Bank, Marshall Wace North America L.P., Sarasin & Partners LLP, FIL Ltd, and Grantham Mayo Van Otterloo & Co. LLC. Company insiders that have sold Costco Wholesale company stock in the last year include Daniel M Hines, James C Klauer, 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 acquired by a variety of institutional investors in the last quarter, including Winslow Capital Management LLC, FMR LLC, Principal Financial Group Inc., Fisher Asset Management LLC, Balyasny Asset Management LLC, First Trust Advisors LP, AQR Capital Management LLC, and Achmea Investment Management B.V..
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 $344.63.

Costco Wholesale has a market capitalization of $152.16 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]