Is Costco stock a buy or sell? (2024)

Is Costco stock a buy or sell?

Costco has 10.09% upside potential, based on the analysts' average price target. Is COST a Buy, Sell or Hold? Costco has a conensus rating of Strong Buy which is based on 19 buy ratings, 6 hold ratings and 0 sell ratings.

Is Costco stock a good buy right now?

You can tell just by a glance at its share price chart that Wall Street loves Costco Wholesale (NASDAQ: COST) right now. The warehouse retailer is trading near all-time highs, having jumped over 50% since early 2023. That's a better performance than many popular tech stocks have managed during this time.

Is Walmart or Costco a better stock?

While Costco appears to have the best growth prospects, that isn't enough to make it the best investment. Walmart trades at a lower valuation, and its higher dividend yield means you will receive more in dividend payments than you would on the same amount of money invested in Costco. That makes Walmart the winner.

What is the 5 year forecast for Costco stock?

According to the latest long-term forecast, Costco price will hit $800 by the end of 2024 and then $900 by the middle of 2025. Costco will rise to $1000 within the year of 2026, $1100 in 2027, $1300 in 2028, $1500 in 2029, $1600 in 2030, $1700 in 2032, $1800 in 2033 and $2000 in 2035.

Is Costco over or undervalued?

Key Points. Stock valuations can be subjective, but shares of Costco appear to be objectively overvalued. The retail giant has a great business model that has delighted both customers and shareholders. But BJ's Wholesale Club offers investors the same model -- and at a more reasonable valuation.

Is Costco a long term buy?

Costco could be a good long-term buy -- but at its current multiple, investors are paying for a lot of future earnings growth. If you want to hang on to it for decades, then it could still be a good investment for you.

Will Costco stock reach $1 000?

The shares are expensive today after their strong performance in recent years. Consequently, I just don't think a $1,000 price target is likely this year. Since we're looking at a time frame of roughly 11 months, what matters most to the stock is how market sentiment changes.

Who is more profitable Costco or Sam's Club?

In terms of net sales, Costco ranked number one generating more than double than its counterpart Sam's Club, and twelve times more than BJ's Wholesale Club. Concerning locations in the United States, Sam's Club operated slightly more warehouses than Costco, while BJ's had a little over 200 stores across the territory.

Is Costco a low risk stock?

Investors should understand Costco's business model before investing in the company's stock because it is a very real risk given current trends.

Who has the most shares in Costco?

The top individual insider shareholders of Costco are Craig Jelinek, Charles Munger, and Patrick Callans, and the top institutional shareholders are Vanguard Group Inc., BlackRock Inc., and State Street Corp.

What is the highest Costco stock has ever been?

Historical daily share price chart and data for Costco since 1986 adjusted for splits and dividends. The latest closing stock price for Costco as of April 19, 2024 is 709.51. The all-time high Costco stock closing price was 785.59 on March 07, 2024.

Is Kirkland a good investment?

KIRK Stock Forecast FAQ

Based on analyst ratings, Kirkland's's 12-month average price target is $2.50. What is KIRK's upside potential, based on the analysts' average price target? Kirkland's has 28.53% upside potential, based on the analysts' average price target.

Will Costco recover?

3), Costco registered net sales of $238 billion, making this the world's third-biggest retailer after Walmart and Amazon. That figure is up 72% from just five years ago. According to Wall Street analysts' estimates, Costco's revenue is set to increase at a compound annual rate of 6.1% between fiscal 2023 and 2026.

Why is Costco a good long term investment?

It's a sales and profit-generating machine that works beautifully. But the secret to long-term growth is Costco's expansion opportunities. It only operates 874 stores worldwide, including 602 in the U.S., a much lower count than the traditional or discount supermarket chain. It's aiming to open about 30 a year.

Why did Costco stock drop so much?

Costco Wholesale topped earnings expectations, but the stock fell following the company's rare revenue miss. The company's fiscal second-quarter revenue of $58.4 billion missed analyst projections for $59.1 billion.

Does Costco have a future?

Of course, Costco is going to have a much larger number of stores in the future. In the last 10 years, the store count expanded at a compound annual rate of 3%. Management opened 23 net new locations in fiscal 2023, with plans to open 31 in the current fiscal year.

Is Costco a good stock to buy 2024?

Costco sales are accelerating

The main piece of good news driving shares higher into 2024 is Costco's improving growth rates. The company releases monthly sales updates, in contrast with most retailing peers, and that's why investors know more about how this business performed through the holiday shopping season.

Is Costco stock a buy 2024?

Costco Wholesale (NASDAQ: COST) stock has been reaching new highs in 2024, but it could have more room to run. The warehouse club retailing giant received another analyst upgrade late Monday, which helped push the stock higher in early Tuesday trading.

Is Costco a good dividend stock?

Costco is a great stock to own for more than just its dividend. But this can be an underrated and excellent income stock to buy and hold. While its yield may look underwhelming, this is an investment that can still generate lot of recurring income for you over the long haul.

Why is Costco such a good stock?

Costco Wholesale (COST -0.27%) has trounced the market over almost any period you can check. It has a differentiated operating model that breeds loyalty and high sales and is resilient during challenging times.

How much will Costco stock be worth in 2025?

Why is Costco stock so high?

One is an increase to its membership price, and the other is continued growth in international markets. The company's earnings still have a lot of room to grow. That's why this is a retail stock that can make for a good investment, provided that you're willing to buy and hold.

Who is Costco owned by?

Costco is mainly owned by institutional investors, who own over 70% of shares. The largest shareholders in December 2023 were: The Vanguard Group (9.10%)

Who makes the most money at Costco?

Some of the highest wages a worker can make at Costco are in the job titles Registered Pharmacist ($136,000), and title Full Stack Software Engineer ($133,750) which are the highest paying jobs at Costco.

What is Costco's most profitable item?

Yes, that's right! Costco's best-selling item is its Kirkland Signature Bath Tissue. It sells more than a billion rolls every year, bringing in over $400 million dollars in revenue. Costco's toilet paper is thicker and more absorbent than most other brands.