Costco Wholesale Corporation (COST)
- Previous Close
711.25 - Open
713.81 - Bid 706.52 x 400
- Ask 707.84 x 100
- Day's Range
702.00 - 714.87 - 52 Week Range
476.75 - 787.08 - Volume
1,467,620 - Avg. Volume
2,098,191 - Market Cap (intraday)
313.686B - Beta (5Y Monthly) 0.76
- PE Ratio (TTM)
46.26 - EPS (TTM)
15.29 - Earnings Date May 30, 2024
- Forward Dividend & Yield 4.64 (0.65%)
- Ex-Dividend Date Apr 25, 2024
- 1y Target Est
779.64
Costco Wholesale Corporation, together with its subsidiaries, engages in the operation of membership warehouses in the United States, Puerto Rico, Canada, Mexico, Japan, the United Kingdom, Korea, Australia, Taiwan, China, Spain, France, Iceland, New Zealand, and Sweden. The company offers branded and private-label products in a range of merchandise categories. It offers merchandise, such as sundries, dry groceries, candies, coolers, freezers, deli, liquor, and tobacco; appliances, electronics, health and beauty aids, hardware, garden and patio products, sporting goods, tires, toys and seasonal products, office supplies, automotive care products, postages, tickets, apparel, small appliances, furniture, domestics, housewares, special order kiosks, and jewelry; and meat, produce, service deli, and bakery products. The company also operates gasoline, pharmacies, optical, food courts, hearing-aid centers, and tire installation centers; and offers business delivery, travel, grocery, and various other services online. It also operates e-commerce websites. The company was formerly known as Costco Companies, Inc. and changed its name to Costco Wholesale Corporation in August 1999. Costco Wholesale Corporation was founded in 1976 and is based in Issaquah, Washington.
www.costco.com316,000
Full Time Employees
September 03
Fiscal Year Ends
Sector
Industry
Recent News: COST
Performance Overview: COST
Trailing total returns as of 4/19/2024, which may include dividends or other distributions. Benchmark is .
YTD Return
1-Year Return
3-Year Return
5-Year Return
Compare To: COST
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Statistics: COST
Valuation Measures
Market Cap
315.34B
Enterprise Value
314.45B
Trailing P/E
46.53
Forward P/E
44.84
PEG Ratio (5yr expected)
5.01
Price/Sales (ttm)
1.27
Price/Book (mrq)
15.19
Enterprise Value/Revenue
1.26
Enterprise Value/EBITDA
27.53
Financial Highlights
Profitability and Income Statement
Profit Margin
2.73%
Return on Assets (ttm)
8.35%
Return on Equity (ttm)
31.19%
Revenue (ttm)
248.83B
Net Income Avi to Common (ttm)
6.79B
Diluted EPS (ttm)
15.29
Balance Sheet and Cash Flow
Total Cash (mrq)
10.32B
Total Debt/Equity (mrq)
45.44%
Levered Free Cash Flow (ttm)
3.95B
Research Analysis: COST
Analyst Price Targets
Fair Value
Analyst Recommendations
- Strong Buy
- Buy
- Hold
- Underperform
- Sell
Earnings
Research Reports: COST
Daily Spotlight: Jobs Report Reduces Odds of June Rate Cut
The Bureau of Labor Statistics (BLS) reported that the U.S. economy generated a whopping 303,000 new jobs in March, well above our forecast of 180,000 and the consensus of 200,000. February's result was revised lower to 270,000 from 275,000, but gains in February and January combined were revised higher by 22,000. March's increase in payrolls and the revisions to February and January took the three-month average to 276,000, which is above the 12-month average of 231,000 and continues to signal a very robust job market. The unemployment rate dropped to 3.8% from 3.9%, which remains below the threshold for triggering the widely followed Sahm Rule recession indicator. Average hourly earnings increased 12 cents month-to-month and are now 4.1% higher year-over-year (compared to 4.3% in February). The average workweek rose to 34.4 hours in March from 34.3 hours in February. Job gains occurred in healthcare, government, and construction. Employment showed little change over the month in mining, quarrying, and oil and gas extraction; manufacturing; wholesale trade; transportation and warehousing; information; financial activities; and professional and business services. After this morning's report, S&P 500 stock futures rose slightly from pre-release levels. The yield on the 10-year Treasury moved higher to 4.40% from 4.33%. Before the release, futures contracts suggested a 94% probability that the Fed will keep the funds target at 5.25%-5.50% when it meets on April 30 and May 1. After the release, there was little change. The chance that the funds rate will be lower after the June meeting (either by 20 or 50 basis points) dropped to 57% from 64%.
Analyst Report: Costco Wholesale Corporation
Costco operates a membership-based, no-frills retail model, predicated on offering a select product assortment in bulk quantities at bargain prices. The firm avoids maintaining costly product displays by keeping inventory on pallets and limits distribution expenses by storing its inventory at point of sale in the warehouse. Given Costco’s frugal cost structure, the firm is able to price its merchandise below competing retailers, driving high sales volume per warehouse and allowing the retailer to generate strong profits on thin margins. Costco operates over 600 warehouses in the United States and boasts over 60% market share in the domestic warehouse club industry. Internationally, Costco operates another 270 warehouses, primarily in markets such as Canada, Mexico, Japan, and the UK.
RatingBearishPrice TargetAnalyst Report: Costco Wholesale Corp
Costco operates 861 stores, for paying members, averaging 147,000 square feet each. Fees from the company's cardholders provided about 2% of its $242 billion in total FY23 revenue. Based in Issaquah, Washington, the company ended 4Q23 with 591 stores in the U.S. and Puerto Rico, 107 stores in Canada, 40 in Mexico, 29 in the United Kingdom, 33 in Japan, 14 in Taiwan, 18 in Korea, 15 in Australia, four in Spain, one in Iceland, one in New Zealand, and one in Sweden, two in France, and 5 in China. About 40% of sales are sundries (including candy, alcohol and tobacco); 13% fresh food; 26% non-food including hard-lines (such as electronics and appliances) and soft-lines (including apparel and jewelry); and 21% other ancillary businesses, including gas stations, pharmacy, optical, hearing aids and printing. International stores represent about 27% of total sales and 34% of operating income. At the end of 4Q22, Costco had approximately 126 million square feet of floor space. Online sales represent approximately 7%, and gas stations represent about 13% of company sales. The company's fiscal year ends on the Sunday closest to August 31. FY23 was a 53 week year. The company's fiscal calendar has 12 weeks in each of the first three quarters and 16 weeks in 4Q.
RatingBullishPrice TargetMarket Update: CMG, COST, HCA, CAVA
Stocks pulled back on Friday morning as investors digested inflation data released this week and ahead of the Fed's policy decision next week. The Labor Department reported that U.S. import prices rose 0.3% in February, matching expectations and down from a 0.8% increase in January. Export prices rose 0.8% after advancing 0.9% in January. Prices for fuel imports advanced 1.8%, while nonfuel imports rose 0.2%. Meanwhile, manufacturing continued to decline. The Empire State Manufacturing Index fell to -20.9 in March from -2.4 in February and below expectations. New orders declined significantly, and employment and hours worked also fell. Input prices softened moderately, while output prices held steady. The University of Michigan consumer sentiment for the first weeks of March edged down to 76.5 from 76.9 in February. The S&P 500 fell 0.6%, the Dow was down 0.4% and the Nasdaq lost 0.9%. Crude oil traded just above $81 per barrel and gold was down $2 to $2165 per ounce.