Costco Wholesale Corporation (COST) Stock Analysis
Published on September 22, 2024
Company Overview
Costco Wholesale Corporation (COST), headquartered in Issaquah, Washington, stands as a leader in the discount retail industry, specifically within the Consumer Defensive sector. Established in 1976, Costco operates membership warehouses across multiple countries, including the United States, Canada, and various nations in Europe and Asia. The company offers an extensive range of products—from groceries to electronics—alongside services like gasoline sales and e-commerce solutions. By strategically focusing on both branded and private-label merchandise, Costco appeals to a vast customer base, delivering bulk products and services at competitive prices.
Market Position and Financial Indicators
With the discount stores industry showing resilience in catering to consumers’ affordability needs during economic fluctuations, the current market recommendation for COST stock is to buy. The industry boasts an impressive total revenue of approximately $253.7 billion, highlighting robust market performance and substantial customer demand. Costco currently has 443,335,008 shares outstanding, with only 1.66% shorted, reflecting a stable investor confidence in its stock. The current trading price of Costco stands at $906.98, below the target high of $1,050.00 but above the target mean price of $898.46, suggesting a favorable long-term upside.
Investment Outlook
Given Costco’s potential for growth, analysts recommend a buy with a mean recommendation score of 2.1 based on insights from 29 analysts. The target high price of $1,050.00 and target low price of $675.00 indicate a broad range for future valuations, reinforcing the bullish sentiment around the stock. As of now, Costco is positioned comfortably in its twelve-month trading range, trading between a fifty-two week low of $540.23 and a high of $923.83. With a fifty-day moving average at $863.862, the current price indicates positive momentum and a solid outlook for investor confidence in Costco’s financial and operational stability.
In summary, Costco Wholesale Corporation presents an attractive investment opportunity, benefiting from a solid market position, compelling financial indicators, and a robust performance outlook. Investors are encouraged to consider Costco as part of their long-term strategy amidst evolving economic conditions.
| Metric | Value |
|---|---|
| Market Cap | $402.1b |
| Total Debt | $9.3b |
| Total Cash | $11.5b |
| Shares Outstanding | 443.3m |
| Float Shares | 442.1m |
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