Register now and get 10% first deposit bonus. Close advertisement

Costco Wholesale Corporation (COST) live price

Discover historical price data for Costco Wholesale Corporation stocks and take your profit on price changes.

COST

1 day
1 week
1 month
503.28 USD -0.00198887%
Buy Sell

If you look at the chart of Costco Wholesale Corporation stock prices over the past few years, you can see that they are trending upwards. The company has shown steady growth and investors have been rewarded with higher stock prices. In this article, we will take a closer look at COST and determine what factors make it so successful.

Costco logo

Basic company information

Costco Wholesale Corporation is the largest chain of club-type warehouse stores in the United States. The company was founded in 1976 by James Sinegal and Jeffrey Brotman. The first Costco store was opened in Seattle, Washington. The price club concept was chosen after an organizational trip by Sinegal and Brotman to Europe. In 1983, the first Costco warehouse outside Washington state opened in Oregon. The company expanded rapidly in the 1990s and 2000s.

The corporation's IPO was held in December 1985. Costco Wholesale stock traded at $10 at the time of the initial public offering on the stock exchange. The company also pays a dividend every quarter. Holders of Costco's common stock received their first payments in 2004. Individuals can invest in the corporation's securities by buying shares on the stock market. They trade on the NASDAQ under the symbol COST. You can also invest in this asset through online brokers.

Company activities

As of 2015, Costco was the second largest retailer in the world after Walmart, and as of 2016, Costco was the world's largest retailer of select beef, organic foods, grilled chicken, and wine. The company also operates a chain of gas stations, tire centers, hearing aid centers, optometrists, pharmacies, and photo processing centers.

Costco had 838 warehouses at the end of the fiscal year 2022. The corporation is headquartered in Washington state. Warehouse stores are located around the world in Europe, Asia, America, and Australia. The retailer's services are available to residents of Japan, Mexico, Canada, France, China, and many other nations.

The latest news on the stock price

In the fiscal year 2022, Costco posted earnings per share of $13.14. This increase in this figure is due to the corporation's steadily increasing profits. Costco's stock price is also rising due to increased sales in wholesale stores. This figure increased by more than 10% over the year.

Despite good financial results at the retailer in 2022 shares of Costco after the publication of the annual report fell in price by 3%. Analysts attribute such sentiment of investors to the fact that the company has not raised membership fees. Experts point out that the corporation could take advantage of the unstable economic situation in the world and raise fees for cardholders. This would have allowed it to increase revenues even more.

✅ Benefits of investing in Costco

  • Costco Wholesale is on the list of companies that have managed to stay afloat during the crisis. This corporation is better protected from the effects of inflation than many retailers. This is because most of Costco's profits are generated from its membership fees, not from the sale of goods.
  • The corporation has a relatively extensive network of warehouse stores. This allows it to be a worthy competitor to e-commerce giants such as Amazon. The company also has an advantage over international supermarket chains, such as Walmart.
  • The main reason for Costco's success is the company's focus on selling products at low prices. This allows it to compensate for lower margins by increasing sales. All of these factors point to Costco's continued success in the future. As long as Costco maintains its focus on low prices and keeps up with changing trends, COST stock is likely to perform well.

❌ Disadvantages of Investing in Costco

  • One of the major drawbacks to Costco in the second half of 2022 is the low valuation by analysts. Experts believe that the warehouse chain's revenue will grow at a rather slow pace in 2023.
  • Rising inflation remains an obstacle for Costco in 2022. Because of this, the corporation faces higher raw material prices and supply chain issues. Because of inflation, the company's customers may cut back on certain product groups, negatively impacting the retailer's profits.

Financial performance

The fiscal year 2022 at Costco ended in August 2022. The company reported good financial results despite the difficult economic situation in the world. So, the annual net income rose by about 13% to $5.8 billion. Total revenue rose to $222.7 billion.

To shop at Costco, you have to pay an annual membership fee. That fee in 2022 was $60. The corporation notes that the number of customer cardholders continues to grow. At the end of the fiscal year 2022, that number was roughly 119 million.

Costco Stock Price Forecast for 2023, 2025

As a result of our technical analysis of Costco's stock price, we have established the possibility of the retailer's stock price rising to $519 in 2023. The forecast took into account COST's asset value as of October 4, 2022, which was at $477. If the corporation continues to grow its customer base and open new warehouses, Costco's stock could rise to $800 or more by 2025.

Investors looking for a solid company with a history of success should consider investing in (COST). The company is well-positioned for further growth, and its stock price will likely continue to rise.

Answers to Frequently Asked Questions

How has the COVID-19 pandemic affected Costco's stock price?

In March 2020, Costco's stock was trading at $273. After the pandemic began, the retailer's stock price began to rise vigorously.

How can an individual invest in COST stock?

To invest in Costco stock online, go to your personal DotBig account. Then launch your trading terminal and select the asset you want to invest in.

How has Costco's stock price changed over the past year?

During the year (October 2021 through October 2022), Costco's stock price went from $452 to $486. During the year, in April 2022, the quote reached the $600 mark. 

Can COST stock be traded automatically?

To trade Costco stock automatically, sign up for a copy trading platform from DotBig. 

What other trading companies can I choose to invest in?

In the trading industry, you can choose companies like WalmartAmazon, and Alibaba to invest in.

How to start trading Costco Wholesale Corporation stocks

Register

Register

To authorize on the website and create a personal account, fill out the form, indicating your name, phone number, email address.

1
2
3
4
Регистрация

Verify

After registration, provide an identity document to verify your age and place of residence.

1
2
3
4
Регистрация

Replenish your account

To start trading real money, the initial deposit can be made in any available way.

1
2
3
4
Регистрация

Trade

You can open/close deals on your own under the guidance of an experienced analyst or copy them from other traders.

1
2
3
4
AnnLightner $63,842.90
1487 folowers
Cristian86 $59,763.88
1429 folowers
Trust_Trader $47,655.23
1250 folowers
Suitable for beginners

Copy top Costco Wholesale Corporation traders

No trading experience? Not a problem! With social trading, you can copy the trades of the best DotBig traders. Follow the rating and make a profit.

Start trading

Get daily trading signals for Costco Wholesale Corporation from our experts

Register
Scroll to top