FY2024 EPS Estimates for Costco Wholesale Co. Raised by Roth Capital (NASDAQ:COST)

Costco Wholesale Co. (NASDAQ:COST) – Investment analysts at Roth Capital raised their FY2024 earnings estimates for shares of Costco Wholesale in a research report issued on Thursday, April 11th. Roth Capital analyst W. Kirk now anticipates that the retailer will post earnings per share of $15.76 for the year, up from their previous estimate of $15.27. The consensus estimate for Costco Wholesale’s current full-year earnings is $15.86 per share. Roth Capital also issued estimates for Costco Wholesale’s Q3 2025 earnings at $4.24 EPS, Q4 2025 earnings at $5.39 EPS and FY2025 earnings at $18.19 EPS.

COST has been the topic of several other reports. Roth Mkm increased their price target on shares of Costco Wholesale from $601.00 to $650.00 and gave the company a “neutral” rating in a report on Thursday. Tigress Financial boosted their price target on Costco Wholesale from $745.00 to $870.00 and gave the company a “buy” rating in a research note on Friday, March 15th. Northcoast Research cut Costco Wholesale from a “buy” rating to a “neutral” rating and set a $620.00 price objective on the stock. in a research report on Wednesday, December 20th. Oppenheimer boosted their target price on shares of Costco Wholesale from $760.00 to $805.00 and gave the company an “outperform” rating in a research report on Tuesday, March 5th. Finally, StockNews.com lowered shares of Costco Wholesale from a “buy” rating to a “hold” rating in a research report on Friday. Seven analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. Based on data from MarketBeat, Costco Wholesale presently has a consensus rating of “Moderate Buy” and a consensus price target of $691.28.

Costco Wholesale Price Performance

Shares of COST opened at $731.31 on Friday. The firm has a market capitalization of $324.34 billion, a PE ratio of 47.83, a PEG ratio of 5.05 and a beta of 0.77. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.93 and a quick ratio of 0.43. The company’s 50-day moving average is $730.68 and its 200-day moving average is $656.07. Costco Wholesale has a fifty-two week low of $476.75 and a fifty-two week high of $787.08.

Costco Wholesale (NASDAQ:COST) last posted its quarterly earnings results on Thursday, March 7th. The retailer reported $3.71 earnings per share for the quarter, beating analysts’ consensus estimates of $3.62 by $0.09. Costco Wholesale had a return on equity of 28.80% and a net margin of 2.73%. The business had revenue of $58.44 billion for the quarter, compared to analysts’ expectations of $59.11 billion. During the same quarter in the prior year, the business earned $3.30 EPS. The firm’s revenue for the quarter was up 5.7% on a year-over-year basis.

Costco Wholesale Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 10th. Stockholders of record on Friday, April 26th will be issued a $1.16 dividend. The ex-dividend date is Thursday, April 25th. This represents a $4.64 dividend on an annualized basis and a dividend yield of 0.63%. This is a boost from Costco Wholesale’s previous quarterly dividend of $1.02. Costco Wholesale’s dividend payout ratio is 26.68%.

Insider Activity

In related news, VP Yoram Rubanenko sold 2,500 shares of the company’s stock in a transaction that occurred on Thursday, January 18th. The shares were sold at an average price of $680.33, for a total transaction of $1,700,825.00. Following the completion of the transaction, the vice president now directly owns 5,910 shares in the company, valued at approximately $4,020,750.30. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other news, Director W Craig Jelinek sold 8,000 shares of Costco Wholesale stock in a transaction dated Tuesday, January 23rd. The stock was sold at an average price of $685.93, for a total transaction of $5,487,440.00. Following the sale, the director now directly owns 216,212 shares of the company’s stock, valued at $148,306,297.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Yoram Rubanenko sold 2,500 shares of the company’s stock in a transaction that occurred on Thursday, January 18th. The shares were sold at an average price of $680.33, for a total value of $1,700,825.00. Following the completion of the transaction, the vice president now directly owns 5,910 shares of the company’s stock, valued at approximately $4,020,750.30. The disclosure for this sale can be found here. In the last three months, insiders have sold 14,182 shares of company stock worth $9,809,558. Corporate insiders own 0.18% of the company’s stock.

Institutional Investors Weigh In On Costco Wholesale

A number of institutional investors have recently added to or reduced their stakes in COST. Enterprise Financial Services Corp grew its stake in shares of Costco Wholesale by 1.6% in the fourth quarter. Enterprise Financial Services Corp now owns 892 shares of the retailer’s stock worth $589,000 after purchasing an additional 14 shares during the last quarter. Hoxton Planning & Management LLC increased its stake in shares of Costco Wholesale by 0.9% in the first quarter. Hoxton Planning & Management LLC now owns 1,535 shares of the retailer’s stock valued at $1,125,000 after buying an additional 14 shares during the period. Howard Financial Services LTD. raised its position in shares of Costco Wholesale by 1.8% during the fourth quarter. Howard Financial Services LTD. now owns 870 shares of the retailer’s stock worth $574,000 after acquiring an additional 15 shares during the last quarter. First National Corp MA ADV lifted its stake in shares of Costco Wholesale by 0.5% in the fourth quarter. First National Corp MA ADV now owns 3,098 shares of the retailer’s stock worth $2,045,000 after acquiring an additional 15 shares during the period. Finally, Morton Capital Management LLC CA lifted its stake in shares of Costco Wholesale by 1.0% in the fourth quarter. Morton Capital Management LLC CA now owns 1,564 shares of the retailer’s stock worth $1,032,000 after acquiring an additional 15 shares during the period. 68.48% of the stock is owned by institutional investors.

Costco Wholesale Company Profile

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.