Is Costco a blue-chip stock?
Costco Wholesale
Is Costco a blue-chip?
At the same time, blue-chip stocks can deliver healthy capital gains. As a small example, Costco Wholesale (NASDAQ:COST) has trended higher by 226% (capital gains) in the last five years. This has led to this list of blue-chip stocks under $20.
What type of stock is Costco?
Costco Wholesale Corporation Common Stock (COST)
Is Costco a good long term stock?
Earnings and sales are forecasted to increase 7.3% and 4.1% year-over-year, respectively. Six analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.07 to $15.76 per share for 2024. COST boasts an average earnings surprise of 2.6%.
What is considered a blue-chip stock?
A blue chip stock is a company that typically has a large market cap, a sterling reputation, excellent financials, and many years of success in the business world. A blue-chip index seeks to track the performance of financially stable, well-established companies that provide investors with consistent returns.
Is Costco stock a good buy right now?
Costco has a conensus rating of Strong Buy which is based on 20 buy ratings, 6 hold ratings and 0 sell ratings. What is Costco's price target? The average price target for Costco is $777.08. This is based on 26 Wall Streets Analysts 12-month price targets, issued in the past 3 months.
What company owns Costco?
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%) BlackRock (6.90%)
Is Costco a low risk stock?
Costco Wholesale Corp has a volatility of 1.36 and is 2.19 times more volatile than NYSE Composite. 12 percent of all equities and portfolios are less risky than Costco Wholesale. You can use Costco Wholesale Corp to protect your portfolios against small market fluctuations.
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 16, 2024 is 715.97. The all-time high Costco stock closing price was 785.59 on March 07, 2024.
What are the pros and cons of Costco stock?
Costco Wholesale
The retailer seems like an obvious buy due to its impressive competitive advantages and track record for market-share growth through a wide range of selling environments. But there are drawbacks to this stock, too, including its relatively low profit margin, modest dividend payment, and high price.
Is Costco financially stable?
Costco's growth rate rarely disappoints, and its earnings are much more stable than its peers thanks to a steady stream of subscription fee income. Those competitive assets have been enough to allow the stock to roughly triple the wider market's gains over the last several years.
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 financially healthy?
The company's ability to manage inventory and adjust pricing to enhance member loyalty and frequency is also a positive indicator. With a balance sheet considered best-in-class, showing significant net cash even after substantial dividend payments, Costco stands out with solid financial health.
Will Costco stock reach $1,000?
That type of rapid bottom-line growth just isn't in the cards anymore. But I believe that Costco's P/E ratio could actually contract because of how expensive it is right now, and this creates downside risk for investors. Don't expect the $1,000 mark to be met in 2024.
Why is Costco stock crashing?
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.
Why is Costco a strong buy?
Key Points. Costco's stock is expensive and investors have to pay a big premium to own it. The company, however, is still growing and has plenty of opportunities to tap into in the long run. Its e-commerce business has been strong with comparable sales growth of more than 18% last quarter.
Who is bigger Costco or Walmart?
Walmart is by far the world's biggest retailer and Costco is the third biggest.
How much does Costco CEO make a year?
For Craig Jelinek's final year as Costco CEO, the 71-year-old is going out with a financial bang. Jelinek's base salary for 2023 was $1.1 million, add to that stock awards of nearly $15 million and other compensation, for a total package worth a very respectable $16.8 million, per Costco's most recent proxy filings.
Are Costco owners billionaires?
You can read more about our editorial guidelines and our products and services review methodology. From humble beginnings as a grocery bagger to becoming a billionaire business mogul, James Sinegal, co-founder and retired CEO of Costco Wholesale, has etched his name into the annals of American retail history.
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.
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 a buy sell or hold?
Costco Wholesale has received a consensus rating of Moderate Buy. The company's average rating score is 2.75, and is based on 18 buy ratings, 6 hold ratings, and no sell ratings.
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 was Costco's first stock price?
When was Costco Wholesale's initial public offering and at what price? The Company went public on December 5, 1985 at $10.00 per share (before stock splits). Adjusting for stock splits, the initial price per share was approximately $1.67.
How much debt does Costco stock have?
Costco long term debt for 2021 was $6.692B, a 10.94% decline from 2020.
