Costco Wholesale Corporation, together with its subsidiaries, engages in the operation of membership warehouses in the United States, Puerto Rico, Canada, the United Kingdom, Mexico, Japan, Korea, Australia, Spain, France, Iceland, China, and Taiwan.
Costco stock last closed at $809.89, down 0.67% from the previous day, and has increased 58.32% in one year. It has overperformed other stocks in the Discount Stores industry by 0.32 percentage points. Costco stock is currently +58.99% from its 52-week low of $509.40, and -1.17% from its 52-week high of $819.50.
At the moment, there are 443.5M COST shares outstanding. The market capitalization of COST is $359.19B. In the past 24 hours, 4.35M COST shares were traded.
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You can view all of the due diligence checks on COST's stock page.
You can use many financial metrics, analyses, models, and charts to gauge COST's true value.
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You can do additional valuation analysis on COST's stock here.
Out of 22 sell side analysts who track COST, the consensus analyst rating on Costco is a Buy
It's important to keep in mind that analyst forecasts are not stock recommendations, nor are they financial advice.
George Kelly, a top 19% analyst from Wells Fargo maintains COST with a hold rating and raises their COST price target from $750.00 to $775.00, on May 31, 2024.
Scot Ciccarelli, a top 4% analyst from Truist Securities maintains COST with a strong buy rating and raises their COST price target from $815.00 to $873.00, on May 31, 2024.
Greg Melich, a top 17% analyst from Evercore ISI Group maintains COST with a buy rating and raises their COST price target from $845.00 to $860.00, on May 31, 2024.
Mark Astrachan, a top 4% analyst from Stifel Nicolaus maintains COST with a strong buy rating and raises their COST price target from $800.00 to $850.00, on May 31, 2024.
Joe Feldman, a top 1% analyst from Telsey Advisory Group maintains COST with a buy rating and raises their COST price target from $800.00 to $850.00, on May 31, 2024.
Telsey Advisory Group's Joe Feldman raised their price target on Costco (NASDAQ: COST) by 6.3% from $800 to $850 on 2024/05/31. The analyst maintained their Buy rating on the stock.
Feldman said Costco delivered "strong" EPS growth and an "impressive headline comparable" in its Q3 2024 print, released on 2024/05/30.
The analyst still sees Costco as a market share gainer because of its consistently strong execution, in spite of the present uncertainties in the operating environment.
Costco reported:
For Q3 2024:
Management did not provide financial guidance in its press release or earnings call.
Executive Vice President & CFO Gary Millerchip commented in the earnings call: “As inflation has leveled off, our members are returning to purchasing more discretionary items.
“And growth in the category was led by toys, tires, lawn and garden, and health and beauty aids.
“Bakery sales also showed great momentum in the quarter as our fresh foods team has reinvented that department with several new and exciting items, including the Kirkland Signature lemon blueberry loaf and morning buns.
“Within our ancillary businesses, the food court had the strongest quarterly sales with continued success at the chocolate chip cookie that was added to the food court this year.
“On the inflation front, it's more of the same from last quarter. Across all core merchandise, inflation was essentially flat in Q3 with fresh foods close to zero and slight inflation in food and sundries being offset by some deflation in nonfoods.
“Turning now to digital, we continue to make enhancements to the app and website and are excited about the traction that these initiatives are getting with members.
“Total e-commerce sales growth in the quarter was led by gold and silver bullions, gift cards, and appliances.
“Costco Next, our curated marketplace, also continues to grow nicely.
“You may also have recently seen an announcement that we are expanding our relationship with Uber. Previously, Uber Eats delivered Costco orders in Texas. This new agreement allows consumers to order from Costco through Uber Eats across all of Canada and 17 states in the U.S.
“We are also working to expand this partnership to several of our international countries in the coming months.
“In addition to the increased access to Uber Eats customers, the agreement will allow us to sell Uber gift cards globally and offer discounted Uber One annual membership to Costco members.”
You can dig deeper into what analysts are projecting on the Costco stock forecast page.
Last year, COST earnings were $6.79B. Over the past five year, COST's earnings have grown by 14.28% per year. This was slower than the Discount Stores industry average of 16.38%.
Last year, COST revenue was $248.83B. In the past 5 year, COST's revenue has increased by 11.06% per year. This was faster than the Discount Stores industry average of 7.29%.
You can analyze COST's earnings and revenue performance here.
Over the past year, executives and large shareholders at COST have sold more shares than they have bought.
Russell D. Miller, Senior EVP of COST, was the latest COST insider to sell. They sold $567,442.75 worth of COST shares on Apr 17, 2024.
Research more about who owns COST stock here.
Costco pays a dividend of 2.37%, compared to the Discount Stores industry's average dividend yield of 2.11%. If you owned $1,000 worth of COST stock, you would have received $23.73 in the past year.
Costco dividend payments have consistently grown over the past decade but have not remained stable.
Dig into more info about Costco dividend yield and history here.
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