Short interest for Costco Wholesale gives investors a sense of the degree to which investors are betting on the decline of Costco Wholesale's stock. Short interest data is updated every two weeks.

Costco Wholesale Stock (NASDAQ:COST), Short Interest Report

Costco Wholesale

Costco operates a membership-based, no-frills retail model, predicated on offering a select product assortment in bulk quantities at bargain prices. The firm avoids maintaining costly product displays by keeping inventory on pallets and limits distribution expenses by storing its inventory at point of sale in the warehouse. Given Costco's frugal cost structure, the firm is able to price its merchandise below competing retailers, driving high sales volume per warehouse and allowing the retailer to generate strong profits on thin margins. Costco operates over 600 warehouses in the United States and boasts over 60% market share in the domestic warehouse club industry. Internationally, Costco operates another 270 warehouses, primarily in markets such as Canada, Mexico, Japan, and the UK.

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<p>Throughout the last three months, 24 analysts have evaluated Costco Wholesale (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COST#NASDAQ">COST</a>), offering a diverse set of opinions from bullish to bearish.</p>
<p>Summarizing their recent assessments, the table below illustrates the evolving sentiments in the past 30 days and compares them to the preceding months.</p>
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;"><strong>Bullish</strong></th>
<th style="text-align: right;"><strong>Somewhat Bullish</strong></th>
<th style="text-align: right;"><strong>Indifferent</strong></th>
<th style="text-align: right;"><strong>Somewhat Bearish</strong></th>
<th style="text-align: right;"><strong>Bearish</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td><strong>Total Ratings</strong></td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">14</td>
<td style="text-align: right;">6</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>Last 30D</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>1M Ago</strong></td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>2M Ago</strong></td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>3M Ago</strong></td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">6</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
<p>Analysts have set 12-month price targets for Costco Wholesale, revealing an average target of $779.38, a high estimate of $870.00, and a low estimate of $650.00. Witnessing a positive shift, the current average has risen by 5.04% from the previous average price target of $742.00.</p>
<p><img src="https://www.benzinga.com/files/images/story/2024/1715259641_0.png" alt="price target chart" /></p>
<h2>Decoding Analyst Ratings: A Detailed Look</h2>
<p>An in-depth analysis of recent analyst actions unveils how financial experts perceive Costco Wholesale. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.</p>
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Joseph Feldman</td>
<td>Telsey Advisory Group</td>
<td>Maintains</td>
<td>Outperform</td>
<td>$800.00</td>
<td>$800.00</td>
</tr>
<tr>
<td>Joseph Feldman</td>
<td>Telsey Advisory Group</td>
<td>Maintains</td>
<td>Outperform</td>
<td>$800.00</td>
<td>$800.00</td>
</tr>
<tr>
<td>Paul Lejuez</td>
<td>Citigroup</td>
<td>Raises</td>
<td>Neutral</td>
<td>$710.00</td>
<td>$630.00</td>
</tr>
<tr>
<td>Greg Melich</td>
<td>Evercore ISI Group</td>
<td>Lowers</td>
<td>Outperform</td>
<td>$790.00</td>
<td>$805.00</td>
</tr>
<tr>
<td>Laura Champine</td>
<td>Loop Capital</td>
<td>Lowers</td>
<td>Buy</td>
<td>$820.00</td>
<td>$830.00</td>
</tr>
<tr>
<td>Michael Baker</td>
<td>DA Davidson</td>
<td>Maintains</td>
<td>Neutral</td>
<td>$680.00</td>
<td>$680.00</td>
</tr>
<tr>
<td>Greg Melich</td>
<td>Evercore ISI Group</td>
<td>Raises</td>
<td>Outperform</td>
<td>$805.00</td>
<td>$795.00</td>
</tr>
<tr>
<td>Bill Kirk</td>
<td>Roth MKM</td>
<td>Raises</td>
<td>Neutral</td>
<td>$650.00</td>
<td>$601.00</td>
</tr>
<tr>
<td>Joseph Feldman</td>
<td>Telsey Advisory Group</td>
<td>Maintains</td>
<td>Outperform</td>
<td>$800.00</td>
<td>$800.00</td>
</tr>
<tr>
<td>Joseph Feldman</td>
<td>Telsey Advisory Group</td>
<td>Maintains</td>
<td>Outperform</td>
<td>$800.00</td>
<td>$800.00</td>
</tr>
<tr>
<td>Chuck Grom</td>
<td>Gordon Haskett</td>
<td>Announces</td>
<td>Accumulate</td>
<td>$775.00</td>
<td>-</td>
</tr>
<tr>
<td>Ivan Feinseth</td>
<td>Tigress Financial</td>
<td>Raises</td>
<td>Buy</td>
<td>$870.00</td>
<td>$745.00</td>
</tr>
<tr>
<td>Kelly Bania</td>
<td>BMO Capital</td>
<td>Raises</td>
<td>Outperform</td>
<td>$800.00</td>
<td>$770.00</td>
</tr>
<tr>
<td>Seth Sigman</td>
<td>Barclays</td>
<td>Raises</td>
<td>Equal-Weight</td>
<td>$700.00</td>
<td>$614.00</td>
</tr>
<tr>
<td>Michael Baker</td>
<td>DA Davidson</td>
<td>Raises</td>
<td>Neutral</td>
<td>$680.00</td>
<td>$600.00</td>
</tr>
<tr>
<td>Mark Astrachan</td>
<td>Stifel</td>
<td>Raises</td>
<td>Buy</td>
<td>$800.00</td>
<td>$735.00</td>
</tr>
<tr>
<td>Greg Melich</td>
<td>Evercore ISI Group</td>
<td>Raises</td>
<td>Outperform</td>
<td>$815.00</td>
<td>$770.00</td>
</tr>
<tr>
<td>Scot Ciccarelli</td>
<td>Truist Securities</td>
<td>Raises</td>
<td>Buy</td>
<td>$815.00</td>
<td>$741.00</td>
</tr>
<tr>
<td>Rupesh Parikh</td>
<td>Oppenheimer</td>
<td>Maintains</td>
<td>Outperform</td>
<td>$805.00</td>
<td>$805.00</td>
</tr>
<tr>
<td>George Kelly</td>
<td>Wells Fargo</td>
<td>Raises</td>
<td>Equal-Weight</td>
<td>$750.00</td>
<td>$675.00</td>
</tr>
<tr>
<td>Peter Benedict</td>
<td>Baird</td>
<td>Raises</td>
<td>Outperform</td>
<td>$850.00</td>
<td>$775.00</td>
</tr>
<tr>
<td>Joseph Feldman</td>
<td>Telsey Advisory Group</td>
<td>Raises</td>
<td>Outperform</td>
<td>$800.00</td>
<td>$785.00</td>
</tr>
<tr>
<td>Rupesh Parikh</td>
<td>Oppenheimer</td>
<td>Raises</td>
<td>Outperform</td>
<td>$805.00</td>
<td>$760.00</td>
</tr>
<tr>
<td>Joseph Feldman</td>
<td>Telsey Advisory Group</td>
<td>Raises</td>
<td>Outperform</td>
<td>$785.00</td>
<td>$750.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li><strong>Action Taken:</strong> Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Costco Wholesale. This information offers a snapshot of how analysts perceive the current state of the company.</li>
<li><strong>Rating:</strong> Offering insights into predictions, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Costco Wholesale compared to the broader market.</li>
<li><strong>Price Targets:</strong> Understanding forecasts, analysts offer estimates for Costco Wholesale's future value. Examining the current and prior targets provides insight into analysts' changing expectations.</li>
</ul>
<p>Assessing these analyst evaluations alongside crucial financial indicators can provide a comprehensive overview of Costco Wholesale's market position. Stay informed and make well-judged decisions with the assistance of our Ratings Table.</p>
<p><a href="https://www.benzinga.com/quote/COST/analyst-ratings?utm_source=Benzinga Insights"><strong>Stay up to date on Costco Wholesale analyst ratings.</strong></a></p>
<h2>Get to Know Costco Wholesale Better</h2>
<p>Costco operates a membership-based, no-frills retail model, predicated on offering a select product assortment in bulk quantities at bargain prices. The firm avoids maintaining costly product displays by keeping inventory on pallets and limits distribution expenses by storing its inventory at point of sale in the warehouse. Given Costco's frugal cost structure, the firm is able to price its merchandise below competing retailers, driving high sales volume per warehouse and allowing the retailer to generate strong profits on thin margins. Costco operates over 600 warehouses in the United States and boasts over 60% market share in the domestic warehouse club industry. Internationally, Costco operates another 270 warehouses, primarily in markets such as Canada, Mexico, Japan, and the UK.</p>
<h3>Financial Milestones: Costco Wholesale's Journey</h3>
<p><strong>Market Capitalization Analysis:</strong> Above industry benchmarks, the company's market capitalization emphasizes a noteworthy size, indicative of a strong market presence.</p>
<p><strong>Revenue Growth:</strong> Over the 3 months period, Costco Wholesale showcased positive performance, achieving a revenue growth rate of <strong>5.75%</strong> as of 29 February, 2024. This reflects a substantial increase in the company's top-line earnings. When compared to others in the Consumer Staples sector, the company excelled with a growth rate higher than the average among peers.</p>
<p><strong>Net Margin:</strong> Costco Wholesale's net margin excels beyond industry benchmarks, reaching <strong>2.98%</strong>. This signifies efficient cost management and strong financial health.</p>
<p><strong>Return on Equity (ROE):</strong> Costco Wholesale's ROE excels beyond industry benchmarks, reaching <strong>7.43%</strong>. This signifies robust financial management and efficient use of shareholder equity capital.</p>
<p><strong>Return on Assets (ROA):</strong> Costco Wholesale's financial strength is reflected in its exceptional ROA, which exceeds industry averages. With a remarkable ROA of <strong>2.49%,</strong> the company showcases efficient use of assets and strong financial health.</p>
<p><strong>Debt Management:</strong> Costco Wholesale's debt-to-equity ratio is below the industry average at <strong>0.45</strong>, reflecting a lower dependency on debt financing and a more conservative financial approach.</p>
<h2>The Core of Analyst Ratings: What Every Investor Should Know</h2>
<p>Benzinga tracks 150 analyst firms and reports on their stock expectations. Analysts typically arrive at their conclusions by predicting how much money a company will make in the future, usually the upcoming five years, and how risky or predictable that company's revenue streams are.</p>
<p>Analysts attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish their ratings on stocks. Analysts typically rate each stock once per quarter or whenever the company has a major update.</p>
<p>Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.</p>
<p>This article was generated by Benzinga's automated content engine and reviewed by an editor.</p>


Analyst Ratings

Decoding 24 Analyst Evaluations For Costco Wholesale

<p>Telsey Advisory Group  analyst Joseph Feldman   maintains Costco Wholesale (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COST#NASDAQ">COST</a>) with a Outperform and maintains $800 price target.</p>


Price Target

Telsey Advisory Group Maintains Outperform on Costco Wholesale, Maintains $800 Price Target

<p>Costco Wholesale Corporation ("Costco" or the "Company") (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COST#NASDAQ">COST</a>) today reported net sales of $19.80 billion for the retail month of April, the four weeks ended May 5, 2024, an increase of 7.1 percent from $18.48 billion last year.<br /><br />&nbsp;</p>
<p>Net sales for the first 35 weeks were $166.44 billion, an increase of 7.0 percent from $155.62 billion last year.</p>
<p>Comparable sales were as follows:</p>
<p><figure class="table"><br />
<table>
<tbody>
<tr>
<td colspan="1">4 Weeks</td>
<td colspan="1">35 Weeks</td>
<td>&nbsp;</td>
</tr>
<tr>
<td>U.S.</td>
<td>5.8%</td>
<td>4.1%</td>
</tr>
<tr>
<td>Canada</td>
<td>5.2%</td>
<td>7.7%</td>
</tr>
<tr>
<td>Other International</td>
<td>5.1%</td>
<td>9.1%</td>
</tr>
<tr>
<td>Total Company</td>
<td>5.6%</td>
<td>5.2%</td>
</tr>
<tr>
<td>E-commerce</td>
<td>14.6%</td>
<td>14.7%</td>
</tr>
</tbody>
</table>
<p></p></figure>
</p><p>Comparable sales excluding the impacts from changes in gasoline prices and foreign exchange were as follows:</p>
<p><figure class="table"><br />
<table>
<tbody>
<tr>
<td colspan="1">4 Weeks</td>
<td colspan="1">35 Weeks</td>
<td>&nbsp;</td>
</tr>
<tr>
<td>U.S.</td>
<td>5.2%</td>
<td>4.4%</td>
</tr>
<tr>
<td>Canada</td>
<td>5.9%</td>
<td>8.2%</td>
</tr>
<tr>
<td>Other International</td>
<td>7.0%</td>
<td>7.8%</td>
</tr>
<tr>
<td>Total Company</td>
<td>5.5%</td>
<td>5.3%</td>
</tr>
<tr>
<td>E-commerce</td>
<td>14.8%</td>
<td>14.6%</td>
</tr>
</tbody>
</table>
<p></p></figure>
</p><p>This year's retail month of April was impacted by the shift in timing of Easter. The shift negatively impacted total and comparable sales by a little more than 0.5 percent.</p>
<p>Additional discussion of these results is available in a pre-recorded message. It can be accessed by visiting investor.costco.com (click on "Events &amp; Presentations"). This message will be available through 4:00 p.m. (PT) on Wednesday, May 15, 2024.</p>


Costco Wholesale Corporation Reports April Sales Results Of $19.80B; Net Sales For The First 35 Weeks Were $166.44B

<p>In the dynamic and fiercely competitive business environment, conducting a thorough analysis of companies is crucial for investors and industry enthusiasts. In this article, we will perform an extensive industry comparison, evaluating <b>Costco Wholesale (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COST#NASDAQ">COST</a>)</b> in relation to its major competitors in the Consumer Staples Distribution &amp; Retail industry. By closely examining crucial financial metrics, market position, and growth prospects, we aim to offer valuable insights for investors and shed light on company's performance within the industry.</p>
<h3>Costco Wholesale Background</h3>
<p>Costco operates a membership-based, no-frills retail model, predicated on offering a select product assortment in bulk quantities at bargain prices. The firm avoids maintaining costly product displays by keeping inventory on pallets and limits distribution expenses by storing its inventory at point of sale in the warehouse. Given Costco's frugal cost structure, the firm is able to price its merchandise below competing retailers, driving high sales volume per warehouse and allowing the retailer to generate strong profits on thin margins. Costco operates over 600 warehouses in the United States and boasts over 60% market share in the domestic warehouse club industry. Internationally, Costco operates another 270 warehouses, primarily in markets such as Canada, Mexico, Japan, and the UK.</p>
<table>
<thead>
<tr>
<th><strong>Company</strong></th>
<th><strong>P/E</strong></th>
<th><strong>P/B</strong></th>
<th><strong>P/S</strong></th>
<th><strong>ROE</strong></th>
<th><strong>EBITDA (in billions)</strong></th>
<th><strong>Gross Profit (in billions)</strong></th>
<th><strong>Revenue Growth</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td>Costco Wholesale Corp</td>
<td>50.48</td>
<td>16.48</td>
<td>1.38</td>
<td>7.43%</td>
<td>$2.79</td>
<td>$7.3</td>
<td>5.75%</td>
</tr>
<tr>
<td>Walmart Inc</td>
<td>31.74</td>
<td>5.83</td>
<td>0.76</td>
<td>6.73%</td>
<td>$11.33</td>
<td>$41.56</td>
<td>5.69%</td>
</tr>
<tr>
<td>Target Corp</td>
<td>17.94</td>
<td>5.52</td>
<td>0.69</td>
<td>10.65%</td>
<td>$2.62</td>
<td>$8.52</td>
<td>1.67%</td>
</tr>
<tr>
<td>Dollar General Corp</td>
<td>18.53</td>
<td>4.55</td>
<td>0.80</td>
<td>6.09%</td>
<td>$0.8</td>
<td>$2.91</td>
<td>-3.38%</td>
</tr>
<tr>
<td>BJ's Wholesale Club Holdings Inc</td>
<td>19.86</td>
<td>7.02</td>
<td>0.52</td>
<td>10.37%</td>
<td>$0.27</td>
<td>$0.96</td>
<td>8.68%</td>
</tr>
<tr>
<td>Sendas Distribuidora SA</td>
<td>26.41</td>
<td>3.92</td>
<td>0.27</td>
<td>1.29%</td>
<td>$1.15</td>
<td>$2.8</td>
<td>14.08%</td>
</tr>
<tr>
<td>Pricesmart Inc</td>
<td>21.36</td>
<td>2.38</td>
<td>0.55</td>
<td>3.6%</td>
<td>$0.08</td>
<td>$0.22</td>
<td>13.11%</td>
</tr>
<tr>
<td>Almacenes Exito SA</td>
<td>24.18</td>
<td>0.50</td>
<td>0.14</td>
<td>1.88%</td>
<td>$426.56</td>
<td>$1373.83</td>
<td>-12.61%</td>
</tr>
<tr>
<td><strong>Average</strong></td>
<td><strong>22.86</strong></td>
<td><strong>4.25</strong></td>
<td><strong>0.53</strong></td>
<td><strong>5.8%</strong></td>
<td><strong>$63.26</strong></td>
<td><strong>$204.4</strong></td>
<td><strong>3.89%</strong></td>
</tr>
</tbody>
</table>
<style>
        table {
            width: 100%;
            border-collapse: collapse;
            font-family: Arial, sans-serif;
            font-size: 14px;
        }

        th, td {
            padding: 8px;
            text-align: left;
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        th {
            background-color: #293a5a;
            color: #fff;
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        .dividend-frequency {
            font-size: 12px;
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    </style><p>By analyzing Costco Wholesale, we can infer the following trends: </p>
<ul>
<li>
<p>The current Price to Earnings ratio of <b>50.48</b> is <b>2.21x</b> higher than the industry average, indicating the stock is priced at a premium level according to the market sentiment.</p>
</li>
<li>
<p>With a Price to Book ratio of <b>16.48</b>, which is <b>3.88x</b> the industry average, Costco Wholesale might be considered overvalued in terms of its book value, as it is trading at a higher multiple compared to its industry peers.</p>
</li>
<li>
<p>The stock's relatively high Price to Sales ratio of <b>1.38</b>, surpassing the industry average by <b>2.6x</b>, may indicate an aspect of overvaluation in terms of sales performance.</p>
</li>
<li>
<p>The company has a higher Return on Equity (ROE) of <b>7.43%</b>, which is <b>1.63%</b> above the industry average. This suggests efficient use of equity to generate profits and demonstrates profitability and growth potential.</p>
</li>
<li>
<p>With lower Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) of <b>$2.79 Billion</b>, which is <b>0.04x</b> below the industry average, the company may face lower profitability or financial challenges.</p>
</li>
<li>
<p>Compared to its industry, the company has lower gross profit of <b>$7.3 Billion</b>, which indicates <b>0.04x</b> below the industry average, potentially indicating lower revenue after accounting for production costs.</p>
</li>
<li>
<p>The company's revenue growth of <b>5.75%</b> is notably higher compared to the industry average of <b>3.89%</b>, showcasing exceptional sales performance and strong demand for its products or services.</p>
</li>
</ul>
<h3>Debt To Equity Ratio</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1715180437_0.png" alt="debt to equity" /></p>
<p>The debt-to-equity (D/E) ratio is a key indicator of a company's financial health and its reliance on debt financing.</p>
<p>Considering the debt-to-equity ratio in industry comparisons allows for a concise evaluation of a company's financial health and risk profile, aiding in informed decision-making.</p>
<p>In terms of the Debt-to-Equity ratio, Costco Wholesale can be assessed by comparing it to its top 4 peers, resulting in the following observations:</p>
<ul>
<li>
<p>Costco Wholesale exhibits a stronger financial position compared to its top 4 peers in the sector, as indicated by its lower debt-to-equity ratio of <b>0.45</b>.</p>
</li>
<li>
<p>This suggests that the company has a more favorable balance between debt and equity, which can be seen as a positive aspect for investors.</p>
</li>
</ul>
<h3>Key Takeaways</h3>
<p>For Costco Wholesale, the PE, PB, and PS ratios are all high compared to industry peers, indicating a potentially overvalued stock. On the other hand, the high ROE and revenue growth suggest strong profitability and future prospects relative to competitors. However, the low EBITDA and gross profit figures may raise concerns about operational efficiency and cost management within the company.</p>
<p><em>This article was generated by Benzinga's automated content engine and reviewed by an editor.</em></p>


Competitor Analysis: Evaluating Costco Wholesale And Competitors In Consumer Staples Distribution &amp; Retail Industry

<p>Whales with a lot of money to spend have taken a noticeably bullish stance on <strong>Costco Wholesale</strong>.</p>
<p>Looking at options history for Costco Wholesale (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COST#NASDAQ">COST</a>) we detected 25 trades.</p>
<p>If we consider the specifics of each trade, it is accurate to state that 64% of the investors opened trades with bullish expectations and 16% with bearish.</p>
<p>From the overall spotted trades, 10 are puts, for a total amount of $726,560 and 15, calls, for a total amount of $494,938.</p>
<h3>Predicted Price Range</h3>
<p>After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $660.0 and $860.0 for Costco Wholesale, spanning the last three months.</p>
<h3>Volume &amp; Open Interest Trends</h3>
<p>Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Costco Wholesale's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Costco Wholesale's substantial trades, within a strike price spectrum from $660.0 to $860.0 over the preceding 30 days.</p>
<h3>Costco Wholesale Option Activity Analysis: Last 30 Days</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1715093151_0.png" alt="Options Call Chart" /></p>
<h3>Noteworthy Options Activity:</h3>
<p>
<table>
<thead>
<tr>
<th><strong>Symbol</strong></th>
<th><strong>PUT/CALL</strong></th>
<th><strong>Trade Type</strong></th>
<th><strong>Sentiment</strong></th>
<th><strong>Exp. Date</strong></th>
<th><strong>Ask</strong></th>
<th><strong>Bid</strong></th>
<th><strong>Price</strong></th>
<th><strong>Strike Price</strong></th>
<th><strong>Total Trade Price</strong></th>
<th style="text-align: right;"><strong>Open Interest</strong></th>
<th style="text-align: right;"><strong>Volume</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td>COST</td>
<td>PUT</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>09/20/24</td>
<td>$39.0</td>
<td>$38.6</td>
<td>$38.82</td>
<td>$780.00</td>
<td>$194.1K</td>
<td style="text-align: right;">9</td>
<td style="text-align: right;">133</td>
</tr>
<tr>
<td>COST</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>10/18/24</td>
<td>$8.5</td>
<td>$8.4</td>
<td>$8.5</td>
<td>$660.00</td>
<td>$105.4K</td>
<td style="text-align: right;">340</td>
<td style="text-align: right;">11</td>
</tr>
<tr>
<td>COST</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>06/21/24</td>
<td>$21.15</td>
<td>$20.7</td>
<td>$20.7</td>
<td>$760.00</td>
<td>$103.5K</td>
<td style="text-align: right;">655</td>
<td style="text-align: right;">64</td>
</tr>
<tr>
<td>COST</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>06/21/24</td>
<td>$20.9</td>
<td>$20.7</td>
<td>$20.7</td>
<td>$760.00</td>
<td>$93.1K</td>
<td style="text-align: right;">655</td>
<td style="text-align: right;">114</td>
</tr>
<tr>
<td>COST</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>06/21/24</td>
<td>$46.25</td>
<td>$45.25</td>
<td>$45.75</td>
<td>$735.00</td>
<td>$45.7K</td>
<td style="text-align: right;">475</td>
<td style="text-align: right;">24</td>
</tr>
</tbody>
</table>
</p>
<h3>About Costco Wholesale</h3>
<p>Costco operates a membership-based, no-frills retail model, predicated on offering a select product assortment in bulk quantities at bargain prices. The firm avoids maintaining costly product displays by keeping inventory on pallets and limits distribution expenses by storing its inventory at point of sale in the warehouse. Given Costco's frugal cost structure, the firm is able to price its merchandise below competing retailers, driving high sales volume per warehouse and allowing the retailer to generate strong profits on thin margins. Costco operates over 600 warehouses in the United States and boasts over 60% market share in the domestic warehouse club industry. Internationally, Costco operates another 270 warehouses, primarily in markets such as Canada, Mexico, Japan, and the UK.</p>
<h3>Present Market Standing of Costco Wholesale</h3>
<ul>
<li>Trading volume stands at 326,294, with COST's price up by 1.14%, positioned at $765.09.</li>
<li>RSI indicators show the stock to be may be overbought.</li>
<li>Earnings announcement expected in 23 days.</li>
</ul>
<h3>What Analysts Are Saying About Costco Wholesale</h3>
<p>5 market experts have recently issued ratings for this stock, with a consensus target price of $730.0.</p>
<ul>
<li>An analyst from Roth MKM persists with their Neutral rating on Costco Wholesale, maintaining a target price of $650. </li>
<li>Maintaining their stance, an analyst from Evercore ISI Group continues to hold a Outperform rating for Costco Wholesale, targeting a price of $790. </li>
<li>Maintaining their stance, an analyst from Loop Capital continues to hold a Buy rating for Costco Wholesale, targeting a price of $820. </li>
<li>Consistent in their evaluation, an analyst from Citigroup keeps a Neutral rating on Costco Wholesale with a target price of $710. </li>
<li>An analyst from DA Davidson has decided to maintain their Neutral rating on Costco Wholesale, which currently sits at a price target of $680. </li>
</ul>
<p>Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Costco Wholesale with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.</p>


Options

What the Options Market Tells Us About Costco Wholesale

<p><strong>Tesla Inc.</strong>&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>)&nbsp;<a href="https://www.benzinga.com/government/24/04/38039010/tesla-semi-ready-to-replace-diesel-trucks-says-unit-head-as-he-cheers-epas-tough-new-standards" target="_blank" rel="noreferrer noopener">Semi trucks</a>&nbsp;are gaining traction with major customers, even though mass production hasn&#8217;t begun. The company reportedly has secured its third significant client from the S&amp;P 500.</p>
<p><strong>Costco Joins the Roster? </strong>On Monday, Tesla investor and influencer <strong>Sawyer Merritt</strong> shared a post on Twitter featuring a video of a Tesla Semi emblazoned with the <strong>Costco Wholesale Corp.</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COST#NASDAQ">COST</a>) logo in Santa Cruz, California. It remains unclear whether the Semi is undergoing testing or has been purchased by the retail giant. </p>
<p>Costco has not yet responded to Benzinga&#8217;s request for comment.</p>
<p><figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><br />
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><p lang="en" dir="ltr">Tesla semi at Costco in Santa Cruz. Driver loved the drive over highway 17. And down it! <a href="https://t.co/0oVWnFNQY8">pic.twitter.com/0oVWnFNQY8</a></p>
<p>&mdash; Joaquin (@Joaquin03114400) <a href="https://twitter.com/Joaquin03114400/status/1787650741307576702?ref_src=twsrc%5Etfw">May 7, 2024</a></p></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
<p></p></figure></p>
<p><em>See Also:&nbsp;<a target="_blank" href="https://www.benzinga.com/money/everything-you-need-to-know-about-tesla-stock" rel="noreferrer noopener">Everything You Need to Know About Tesla Stock</a></em></p>
<p><strong>Following 2 Giants:&nbsp;</strong>This development comes close on the heels of another&nbsp;<a target="_blank" href="https://www.benzinga.com/general/social-media/24/05/38649736/tesla-semi-with-walmart-branding-spotted-whats-next-for-ev-giants-push-into-semi-trucks" rel="noreferrer noopener">Tesla&nbsp;Semi sighting</a>, this time with<strong>&nbsp;Walmart Inc.&nbsp;</strong>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WMT#NYSE">WMT</a>) branding at an undisclosed U.S. location. Walmart has placed a large order for Tesla Semis, but the number of delivered units remains unknown.</p>
<p><strong>PepsiCo Inc. </strong>(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PEP#NASDAQ">PEP</a>) confirmed to Benzinga in January that it currently operates 36 Tesla Semis across its Frito-Lay facility in Modesto, California, and its beverage facility in Sacramento, California. Earlier this year, Pepsi also said that the Tesla Semi achieved a test milestone of <a href="https://www.benzinga.com/news/24/01/36796670/pepsico-says-its-tesla-semi-surpassed-1-000-miles-in-single-day-haul" target="_blank" rel="noreferrer noopener">exceeding 1,000 miles</a> in a single day.</p>
<p><strong>Why It Matters:&nbsp;</strong>During its first-quarter earnings call, Tesla stated that Semi deliveries are expected to&nbsp;<a target="_blank" href="https://www.benzinga.com/markets/equities/24/04/38395098/tesla-unveils-timeline-for-electric-semi-truck-production-first-units-to-external-customers-by-2" rel="noreferrer noopener">begin in late 2025</a>&nbsp;and continue into 2026. The company also anticipates increased Semi production with the expansion of Gigafactory Nevada.&nbsp;</p>
<p>Tesla&#8217;s Vice President of Vehicle Engineering,&nbsp;<strong>Lars Moravy</strong>, confirmed that the engineering phase of the Semi is nearing completion, paving the way for high-volume production.</p>
<p><em>Read Next:&nbsp;<a href="https://www.benzinga.com/markets/equities/24/05/38660790/is-apple-back-in-the-ev-game-tech-giant-reportedly-eyes-rivian-partnership" target="_blank" rel="noreferrer noopener">Is Apple Back In The EV Game? Tech Giant Reportedly Eyes Rivian Partnership</a></em></p>
<p><em>Photo courtesy: Tesla</em></p>


Tesla Semi Scores Another S&P 500 Name After Pepsi And Walmart? Video Shows Big-Box Retailer Using EV Giant's Heavy Truck

<p><strong>Costco Wholesale</strong>&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COST#NASDAQ">COST</a>) auto program is offering incentives of up to $2000 for members <a href="https://www.benzinga.com/news/24/04/38516918/california-love-fadin-for-tesla-ev-giants-registrations-plummet-as-rivian-mercedes-and-bmw-gain-grou">on several EVs</a> from <strong>Volvo</strong>, <strong>Polestar</strong>, <strong>Chevrolet</strong>, and <strong>Cadillac</strong>. </p>
<p><strong>What Happened: </strong>The deals run from May 1 until July 31 for Costco members who buy or lease certain EVs from the four brands, including both battery electric and plug-in hybrid vehicles. </p>
<p>Under the limited-time offer, eligible Costco members can purchase or lease a new Polestar 2 and receive $2,000 as an incentive. The car has an MSRP of $49,990.</p>
<p>Eligible buyers can also get a $1000 incentive on the Cadillac Lyriq, the Chevrolet Blazer EV, or the Chevrolet Equinox EV. </p>
<p>To be eligible for the incentives, buyers must have been a Costco member by April 30, and place their order by the end of July.</p>
<p>Similar incentives are also available on Volvo EVs and plug-in hybrids including model year 2024 and 2025 XC90, the most popular Volvo vehicle in the Costco Auto Program. </p>
<p>"Costco Auto Program recognizes that for many car owners, vehicles are an extension of their own personality and style," said<strong> Jay Maxwell</strong>, General Manager at Costco Auto Program. "Keeping this in mind, we are happy to offer savings on vehicles from four different manufacturers to help Costco members step into the hybrid or electric vehicle that best fits their lifestyle."</p>
<p><strong>Why It Matters: </strong>The limited-time incentive is in addition to all available incentives for Costco members, implying that the final discount might be higher. </p>
<p>This is the first time the Costco Auto program has arranged for incentives to be available on vehicles from all four brands simultaneously. </p>
<p><em>Check out more of Benzinga&#8217;s Future Of Mobility coverage by&nbsp;</em><a href="https://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener"><em>following this link</em></a>.</p>
<p><em><strong>Read More:</strong></em> <em><a href="https://www.benzinga.com/news/24/05/38582801/s-p-dials-down-teslas-governance-score-amid-concerns-over-elon-musks-dominance-but-retains-bbb-credi" target="_blank" rel="noreferrer noopener">S&amp;P Dials Down Tesla's Governance Score Amid Concerns Over Elon Musk's Dominance — But Retains ‘BBB' Credit Rating</a></em></p>
<p><em>Photo via Shutterstock</em></p>


<p>Growth investors focus on stocks that are seeing above-average financial growth, as this feature helps these securities garner the market&#39;s attention and deliver solid returns. However, it isn&#39;t easy to find a great growth stock.</p>
<p>In addition to volatility, these stocks carry above-average risk by their very nature. Also, one could end up losing from a stock whose growth story is actually over or nearing its end.</p>
<p>However, it&#39;s pretty easy to find cutting-edge growth stocks with the help of the Zacks Growth Style Score, which looks beyond the traditional growth attributes to analyze a company&#39;s real growth prospects.</p>
<p><strong>Costco</strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cost#NASDAQ">COST</a>) is on the list of such stocks currently recommended by our proprietary system. In addition to a favorable Growth Score, it carries a top Zacks Rank.</p>
<p>Studies have shown that stocks with the best growth features consistently outperform the market. And returns are even better for stocks that possess the combination of a Growth Score of A or B and a Zacks Rank #1 (Strong Buy) or 2 (Buy).</p>
<p>While there are numerous reasons why the stock of this warehouse club operator is a great growth pick right now, we have highlighted three of the most important factors below:</p>
<p><strong>Earnings Growth</strong></p>
<p>Earnings growth is arguably the most important factor, as stocks exhibiting exceptionally surging profit levels tend to attract the attention of most investors. And for growth investors, double-digit earnings growth is definitely preferable, and often an indication of strong prospects (and stock price gains) for the company under consideration.</p>
<p>While the historical EPS growth rate for Costco is 17%, investors should actually focus on the projected growth. The company&#39;s EPS is expected to grow 9.1% this year, crushing the industry average, which calls for EPS growth of 8.2%.</p>
<p><strong>Impressive Asset Utilization Ratio</strong></p>
<p>Growth investors often overlook asset utilization ratio, also known as sales-to-total-assets (S/TA) ratio, but it is an important feature of a real growth stock. This metric shows how efficiently a firm is utilizing its assets to generate sales.</p>
<p>Right now, Costco has an S/TA ratio of 3.61, which means that the company gets $3.61 in sales for each dollar in assets. Comparing this to the industry average of 1.45, it can be said that the company is more efficient.</p>
<p>In addition to efficiency in generating sales, sales growth plays an important role. And Costco is well positioned from a sales growth perspective too. The company&#39;s sales are expected to grow 4.4% this year versus the industry average of 3.9%.</p>
<p><strong>Promising Earnings Estimate Revisions</strong></p>
<p>Superiority of a stock in terms of the metrics outlined above can be further validated by looking at the trend in earnings estimate revisions. A positive trend is of course favorable here. Empirical research shows that there is a strong correlation between trends in earnings estimate revisions and near-term stock price movements.</p>
<p>The current-year earnings estimates for Costco have been revising upward. The Zacks Consensus Estimate for the current year has surged 0.2% over the past month.</p>
<p><strong>Bottom Line</strong></p>
<p>Costco has not only earned a Growth Score of A based on a number of factors, including the ones discussed above, but it also carries a Zacks Rank #2 because of the positive earnings estimate revisions.</p>
<p>This combination indicates that Costco is a potential outperformer and a solid choice for growth investors.</p>
<p><a href="https://www.zacks.com/stock/news/2266304/is-costco-cost-a-solid-growth-stock-3-reasons-to-think-yes?cid=CS-BENZ-FT-tale_of_the_tape|yseop_template_11_growth-2266304">To read this article on Zacks.com click here.</a></p>


Is Costco a Solid Growth Stock? 3 Reasons to Think "Yes"

<p>Financial giants have made a conspicuous bearish move on Costco Wholesale. Our analysis of options history for Costco Wholesale (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COST#NASDAQ">COST</a>) revealed 49 unusual trades.</p>
<p>Delving into the details, we found 36% of traders were bullish, while 40% showed bearish tendencies. Out of all the trades we spotted, 30 were puts, with a value of $1,305,520, and 19 were calls, valued at $702,732.</p>
<h3>Predicted Price Range</h3>
<p>Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $400.0 to $760.0 for Costco Wholesale over the last 3 months. </p>
<h3>Volume &amp; Open Interest Development</h3>
<p>Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Costco Wholesale's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Costco Wholesale's substantial trades, within a strike price spectrum from $400.0 to $760.0 over the preceding 30 days.</p>
<h3>Costco Wholesale 30-Day Option Volume &amp; Interest Snapshot</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1714591040_0.png" alt="Options Call Chart" /></p>
<h3>Noteworthy Options Activity:</h3>
<p>
<table>
<thead>
<tr>
<th><strong>Symbol</strong></th>
<th><strong>PUT/CALL</strong></th>
<th><strong>Trade Type</strong></th>
<th><strong>Sentiment</strong></th>
<th><strong>Exp. Date</strong></th>
<th><strong>Ask</strong></th>
<th><strong>Bid</strong></th>
<th><strong>Price</strong></th>
<th><strong>Strike Price</strong></th>
<th><strong>Total Trade Price</strong></th>
<th><strong>Open Interest</strong></th>
<th style="text-align: right;"><strong>Volume</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td>COST</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>05/31/24</td>
<td>$18.45</td>
<td>$18.0</td>
<td>$18.0</td>
<td>$725.00</td>
<td>$180.0K</td>
<td>145</td>
<td style="text-align: right;">1</td>
</tr>
<tr>
<td>COST</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>05/31/24</td>
<td>$27.25</td>
<td>$26.2</td>
<td>$26.55</td>
<td>$735.00</td>
<td>$63.7K</td>
<td>295</td>
<td style="text-align: right;">122</td>
</tr>
<tr>
<td>COST</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>07/19/24</td>
<td>$322.05</td>
<td>$313.9</td>
<td>$315.54</td>
<td>$415.00</td>
<td>$63.1K</td>
<td>511</td>
<td style="text-align: right;">2</td>
</tr>
<tr>
<td>COST</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>05/17/24</td>
<td>$12.5</td>
<td>$11.8</td>
<td>$12.15</td>
<td>$730.00</td>
<td>$60.7K</td>
<td>1.2K</td>
<td style="text-align: right;">83</td>
</tr>
<tr>
<td>COST</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>05/10/24</td>
<td>$5.6</td>
<td>$5.55</td>
<td>$5.6</td>
<td>$722.50</td>
<td>$56.6K</td>
<td>103</td>
<td style="text-align: right;">124</td>
</tr>
</tbody>
</table>
</p>
<h3>About Costco Wholesale</h3>
<p>Costco operates a membership-based, no-frills retail model, predicated on offering a select product assortment in bulk quantities at bargain prices. The firm avoids maintaining costly product displays by keeping inventory on pallets and limits distribution expenses by storing its inventory at point of sale in the warehouse. Given Costco's frugal cost structure, the firm is able to price its merchandise below competing retailers, driving high sales volume per warehouse and allowing the retailer to generate strong profits on thin margins. Costco operates over 600 warehouses in the United States and boasts over 60% market share in the domestic warehouse club industry. Internationally, Costco operates another 270 warehouses, primarily in markets such as Canada, Mexico, Japan, and the UK.</p>
<p>After a thorough review of the options trading surrounding Costco Wholesale, we move to examine the company in more detail. This includes an assessment of its current market status and performance.</p>
<h3>Present Market Standing of Costco Wholesale</h3>
<ul>
<li>With a trading volume of 744,175, the price of COST is up by 0.82%, reaching $728.8.</li>
<li>Current RSI values indicate that the stock is may be approaching overbought.</li>
<li>Next earnings report is scheduled for 22 days from now.</li>
</ul>
<h3>What The Experts Say On Costco Wholesale</h3>
<p>5 market experts have recently issued ratings for this stock, with a consensus target price of $754.0.</p>
<ul>
<li>An analyst from Citigroup persists with their Neutral rating on Costco Wholesale, maintaining a target price of $710. </li>
<li>An analyst from Evercore ISI Group has decided to maintain their Outperform rating on Costco Wholesale, which currently sits at a price target of $790. </li>
<li>An analyst from Loop Capital has decided to maintain their Buy rating on Costco Wholesale, which currently sits at a price target of $820. </li>
<li>An analyst from Roth MKM persists with their Neutral rating on Costco Wholesale, maintaining a target price of $650. </li>
<li>An analyst from Telsey Advisory Group has decided to maintain their Outperform rating on Costco Wholesale, which currently sits at a price target of $800. </li>
</ul>
<p>Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Costco Wholesale options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.</p>


Costco Wholesale Options Trading: A Deep Dive into Market Sentiment

<p><strong>Walmart Inc&nbsp;</strong>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WMT#NYSE">WMT</a>) has launched its private food brand, Bettergoods, to bring culinary concepts directly to&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/24/04/b38512550/walmart-launches-bettergoods-a-new-private-brand-making-elevated-culinary-experiences-accessible-f" rel="noreferrer noopener">customers at Walmart&#8217;s&nbsp;Every Day&nbsp;Low Prices</a>.</p>
<p>Bettergoods marks Walmart&#8217;s&nbsp;largest&nbsp;private brand food launch in 20 years&nbsp;and&nbsp;the fastest food private brand Walmart has brought to market.</p>
<p>The brand aims to make quality, trend-forward&nbsp;and&nbsp;chef-inspired food approachable and affordable, with most items priced under $5.</p>
<p>Bettergoods has 300 items spanning Walmart&#8217;s aisles, including frozen, dairy, snacks, beverages, pasta, soups, coffee, chocolate&nbsp;and&nbsp;more.&nbsp;</p>
<p>The move marks a significant strategic shift for Walmart as it vies for market share against competitors like&nbsp;<strong>Costco Wholesale Corporation</strong>&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COST#NASDAQ">COST</a>), Trader Joe&#8217;s, and&nbsp;<strong>Amazon.com Inc&#8217;s</strong>&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) Whole Foods. By bolstering its store-brand offerings, Walmart aims to maintain foot traffic and consumer spending, according to a&nbsp;<a target="_blank" href="https://www.wsj.com/business/retail/walmart-bettergoods-premium-grocery-brand-9ade5585?mod=lead_feature_below_a_pos1" rel="noreferrer noopener">report&nbsp;</a>from The Wall Street Journal.</p>
<p>Walmart&#8217;s existing store brand, Great Value, will continue alongside Bettergoods. The transition reportedly aims to clear consumer confusion between Walmart&#8217;s private labels, including the repositioning or discontinuation of Sam&#8217;s Choice products.</p>
<p>With the rise of private food brands, Walmart seeks to capitalize on evolving consumer preferences, offering competitive pricing and unique flavors.</p>
<p>Amid its food sector expansion, Walmart announced the closure of all 51 health clinics opened in the past&nbsp;<a target="_blank" href="https://www.benzinga.com/news/large-cap/24/04/38529328/walmart-to-shut-down-all-clinic-locations-amid-rising-costs-what-it-means-for-your-healthcare" rel="noreferrer noopener">five years due to rising operational costs.</a></p>
<p>Walmart stock has gained more than 17% in the last 12 months. Investors can gain exposure to the stick via&nbsp;&nbsp;<strong>Vanguard Consumer Staples ETF</strong>&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VDC#NYSE">VDC</a>) and&nbsp;<strong>Fidelity MSCI Consumer Staples Index ETF</strong>&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FSTA#NYSE">FSTA</a>).</p>
<p><strong><em>Read Next</em></strong><em>:&nbsp;<a target="_blank" href="https://www.benzinga.com/news/24/04/38475758/walmart-ceo-reaps-976-times-the-annual-salary-of-a-walmart-median-associate" rel="noreferrer noopener">Walmart CEO Doug McMillon Earns 976 Times More Than Median Employee Last Fiscal Year</a></em></p>
<p><strong>Price Action</strong>: WMT shares closed lower by 1.48% at $59.35 on Tuesday.</p>
<p><strong><em>Disclaimer</em></strong><em>:</em> <em>This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.</em></p>
<p><em>Image from Shutterstock</em></p>


Media

General

AMZN

FSTA

Walmart Takes Bold Step With Bettergoods Food Expansion

<p>The latest trading session saw <strong>Costco</strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cost#NASDAQ">COST</a>) ending at $726.33, denoting a -0.39% adjustment from its last day&#39;s close. This change lagged the S&amp;P 500&#39;s daily gain of 0.32%. Meanwhile, the Dow experienced a rise of 0.38%, and the technology-dominated Nasdaq saw an increase of 0.35%.</p>
<p>Shares of the warehouse club operator witnessed a loss of 0.47% over the previous month, beating the performance of the Retail-Wholesale sector with its loss of 1.39% and the S&amp;P 500&#39;s loss of 2%.</p>
<p>Market participants will be closely following the financial results of Costco in its upcoming release. The company plans to announce its earnings on May 30, 2024. The company&#39;s upcoming EPS is projected at $3.69, signifying a 7.58% increase compared to the same quarter of the previous year. At the same time, our most recent consensus estimate is projecting a revenue of $57.97 billion, reflecting an 8.06% rise from the equivalent quarter last year.</p>
<p>Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $16.03 per share and revenue of $253.07 billion. These totals would mark changes of +9.12% and +4.45%, respectively, from last year.</p>
<p>Investors should also pay attention to any latest changes in analyst estimates for Costco. Recent revisions tend to reflect the latest near-term business trends. Consequently, upward revisions in estimates express analysts&#39; positivity towards the company&#39;s business operations and its ability to generate profits.</p>
<p>Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.</p>
<p>The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.22% higher within the past month. At present, Costco boasts a Zacks Rank of #3 (Hold).</p>
<p>In terms of valuation, Costco is presently being traded at a Forward P/E ratio of 45.48. This signifies a premium in comparison to the average Forward P/E of 21.11 for its industry.</p>
<p>Also, we should mention that COST has a PEG ratio of 4.8. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company&#39;s expected earnings growth trajectory. The Retail - Discount Stores was holding an average PEG ratio of 1.9 at yesterday&#39;s closing price.</p>
<p>The Retail - Discount Stores industry is part of the Retail-Wholesale sector. With its current Zacks Industry Rank of 36, this industry ranks in the top 15% of all industries, numbering over 250.</p>
<p>The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.</p>
<p><a href="https://www.zacks.com/stock/news/2264497/costco-cost-stock-sinks-as-market-gains-here-s-why?cid=CS-BENZ-FT-tale_of_the_tape|yseop_template_6-2264497">To read this article on Zacks.com click here.</a></p>


Costco Stock Sinks As Market Gains: Here's Why

<p>Costco Wholesale (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COST#NASDAQ">COST</a>) has outperformed the market over the past 20 years by 8.27% on an annualized basis producing an average annual return of 16.24%. Currently, Costco Wholesale has a market capitalization of $320.71 billion. </p>
<p><strong>Buying $1000 In COST:</strong> If an investor had bought $1000 of COST stock 20 years ago, it would be worth <strong>$19,920.80</strong> today based on a price of $723.12 for COST at the time of writing.</p>
<h3>Costco Wholesale's Performance Over Last 20 Years</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1714485621_0.png" alt="comp_fig" /></p>
<p>Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.</p>
<p><em>This article was generated by Benzinga's automated content engine and reviewed by an editor.</em></p>


Here's How Much $1000 Invested In Costco Wholesale 20 Years Ago Would Be Worth Today

<p><strong>HomeServices of America</strong>, the real estate firm owned by <strong>Warren Buffett</strong>, has agreed to pay $250 million to settle a nationwide antitrust lawsuit. The settlement could potentially transform <a href="https://www.benzinga.com/news/24/02/37193641/warren-buffetts-empire-nears-trillion-dollar-club-as-class-a-shares-hit-above-600-000">the way real estate agents are compensated.</a></p>
<p><strong>What Happened</strong>: According to&nbsp;a <a href="http://nypost.com/2024/04/26/business/warren-buffetts-real-estate-firm-paying-250m-to-settle-antitrust-suit-over-commissions/">report </a>by the New York Post, HomeServices of America, a subsidiary of <strong>Berkshire Hathaway</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/brk-a#NYSE">BRK-A</a>), was the last defendant in a case against the National Association of Realtors (NAR) and four brokerages.</p>
<p>After a jury verdict in Kansas City, Missouri, in October, the settlement aims to preempt a potentially larger payout. The verdict sided with home sellers who alleged that the industry had artificially inflated real estate commissions.</p>
<p>The jury awarded damages of $1.78 billion. HomeServices&#39;s settlement, which still requires court approval, follows the NAR&#39;s $418 million settlement last month.</p>
<p>Analysts suggest that the agreed-upon changes could reduce commissions by at least 25%.</p>
<p><em>Also Read:&nbsp;<a href="https://www.benzinga.com/news/23/08/33936436/here-are-the-eyebrow-raising-moves-warren-buffett-michael-burry-and-bill-ackman-made-recently" target="_blank">Here Are The Eyebrow-Raising Moves Warren Buffett, Michael Burry And Bill Ackman Made Recently</a></em></p>
<p>With this latest settlement, the NAR and the brokerages, including HomeServices and Re/Max, will pay over $943 million to resolve antitrust claims.</p>
<p>HomeServices&#39; settlement will result in a $140 million after-tax accounting charge, according to spokesperson Chris Kelly, who emphasized that the settlement is &quot;a sole obligation of HomeServices, with no participation by any parent entity.&quot;</p>
<p><strong>Why It Matters</strong>: This settlement comes after&nbsp;<a href="https://www.benzinga.com/news/24/01/36815518/this-is-how-much-warren-buffetts-company-missed-out-on-by-dumping-costco-stock-in-2020">Berkshire Hathaway</a>&nbsp;missed several opportunities, including the sale of its shares in <strong>Costco Wholesale Corporation </strong>(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cost#NASDAQ">COST</a>) during 2020, which resulted in a potential loss of approximately $1.5 billion in gains.</p>
<p>Berkshire Hathaway, led by <a href="https://www.benzinga.com/news/23/03/31512478/warren-buffetts-success-mantra-the-amount-you-are-loved-is-the-ultimate-measure-of-success-in-life">Warren Buffett</a>, has been known for its savvy investments and strategic moves, such as the $3 billion investment in Dow Chemical during the 2008 financial crisis, which ultimately&nbsp;<a href="https://www.benzinga.com/news/23/09/34661392/how-warren-buffett-poured-3b-into-this-company-during-2008-financial-crisis-and-doubled-his-money">doubled the firm&#39;s&nbsp;money</a>.</p>
<p>The latest settlement, however,&nbsp;could potentially alter the landscape of real estate commissions, impacting real estate agents&#39; earnings and home sellers&#39; costs. It also underscores the legal challenges large corporations face in their business operations.</p>
<p><em>Now Read:&nbsp;<a href="https://www.benzinga.com/news/23/09/34193584/warren-buffett-and-elon-musk-both-share-this-same-business-acumen-that-has-led-to-their-success">Warren Buffett And Elon Musk Both Share This Same Business Acumen That Has Led To Their Success</a></em></p>
<p><em>This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" style="box-sizing:inherit; color:rgba(var(--sk_highlight,18,100,163),1); text-decoration:underline" target="_blank">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.</em></p>
<p><em>Photo: Shutterstock</em></p>


Real Estate

BRK-A

Warren Buffett's Real Estate Firm Coughs Up $250M To Avoid Bigger Payout Over Commissions

<p>In the dynamic and fiercely competitive business environment, conducting a thorough analysis of companies is crucial for investors and industry enthusiasts. In this article, we will perform an extensive industry comparison, evaluating <b>Costco Wholesale (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COST#NASDAQ">COST</a>)</b> in relation to its major competitors in the Consumer Staples Distribution &amp; Retail industry. By closely examining crucial financial metrics, market position, and growth prospects, we aim to offer valuable insights for investors and shed light on company's performance within the industry.</p>
<h3>Costco Wholesale Background</h3>
<p>Costco operates a membership-based, no-frills retail model, predicated on offering a select product assortment in bulk quantities at bargain prices. The firm avoids maintaining costly product displays by keeping inventory on pallets and limits distribution expenses by storing its inventory at point of sale in the warehouse. Given Costco's frugal cost structure, the firm is able to price its merchandise below competing retailers, driving high sales volume per warehouse and allowing the retailer to generate strong profits on thin margins. Costco operates over 600 warehouses in the United States and boasts over 60% market share in the domestic warehouse club industry. Internationally, Costco operates another 270 warehouses, primarily in markets such as Canada, Mexico, Japan, and the UK.</p>
<table>
<thead>
<tr>
<th><strong>Company</strong></th>
<th><strong>P/E</strong></th>
<th><strong>P/B</strong></th>
<th><strong>P/S</strong></th>
<th><strong>ROE</strong></th>
<th><strong>EBITDA (in billions)</strong></th>
<th><strong>Gross Profit (in billions)</strong></th>
<th><strong>Revenue Growth</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td>Costco Wholesale Corp</td>
<td>47.30</td>
<td>15.44</td>
<td>1.29</td>
<td>7.43%</td>
<td>$2.79</td>
<td>$7.3</td>
<td>5.75%</td>
</tr>
<tr>
<td>Walmart Inc</td>
<td>30.94</td>
<td>5.68</td>
<td>0.74</td>
<td>6.73%</td>
<td>$11.33</td>
<td>$41.56</td>
<td>5.69%</td>
</tr>
<tr>
<td>Target Corp</td>
<td>18.63</td>
<td>5.72</td>
<td>0.72</td>
<td>10.65%</td>
<td>$2.62</td>
<td>$8.52</td>
<td>1.67%</td>
</tr>
<tr>
<td>Dollar General Corp</td>
<td>18.90</td>
<td>4.65</td>
<td>0.81</td>
<td>6.09%</td>
<td>$0.8</td>
<td>$2.91</td>
<td>-3.38%</td>
</tr>
<tr>
<td>BJ's Wholesale Club Holdings Inc</td>
<td>19.31</td>
<td>6.83</td>
<td>0.51</td>
<td>10.37%</td>
<td>$0.27</td>
<td>$0.96</td>
<td>8.68%</td>
</tr>
<tr>
<td>Sendas Distribuidora SA</td>
<td>26.43</td>
<td>4.04</td>
<td>0.28</td>
<td>6.63%</td>
<td>$1.42</td>
<td>$3.07</td>
<td>8.35%</td>
</tr>
<tr>
<td>Pricesmart Inc</td>
<td>20.52</td>
<td>2.28</td>
<td>0.53</td>
<td>3.6%</td>
<td>$0.08</td>
<td>$0.22</td>
<td>13.11%</td>
</tr>
<tr>
<td>Almacenes Exito SA</td>
<td>24.14</td>
<td>0.50</td>
<td>0.14</td>
<td>1.88%</td>
<td>$426.56</td>
<td>$1373.83</td>
<td>-12.61%</td>
</tr>
<tr>
<td><strong>Average</strong></td>
<td><strong>22.7</strong></td>
<td><strong>4.24</strong></td>
<td><strong>0.53</strong></td>
<td><strong>6.56%</strong></td>
<td><strong>$63.3</strong></td>
<td><strong>$204.44</strong></td>
<td><strong>3.07%</strong></td>
</tr>
</tbody>
</table>
<style>
        table {
            width: 100%;
            border-collapse: collapse;
            font-family: Arial, sans-serif;
            font-size: 14px;
        }

        th, td {
            padding: 8px;
            text-align: left;
        }

        th {
            background-color: #293a5a;
            color: #fff;
            text-align: left;
        }

        tr:nth-child(even) {
            background-color: #f2f4f8;
        }

        tr:hover {
            background-color: #e1e4ea;
        }

        td:nth-child(3), td:nth-child(5) {
            text-align: left;
        }

        .dividend-amount {
            font-weight: bold;
            color: #0d6efd;
        }

        .dividend-frequency {
            font-size: 12px;
            color: #6c757d;
        }
    </style><p>After examining Costco Wholesale, the following trends can be inferred: </p>
<ul>
<li>
<p>The current Price to Earnings ratio of <b>47.3</b> is <b>2.08x</b> higher than the industry average, indicating the stock is priced at a premium level according to the market sentiment.</p>
</li>
<li>
<p>It could be trading at a premium in relation to its book value, as indicated by its Price to Book ratio of <b>15.44</b> which exceeds the industry average by <b>3.64x</b>.</p>
</li>
<li>
<p>With a relatively high Price to Sales ratio of <b>1.29</b>, which is <b>2.43x</b> the industry average, the stock might be considered overvalued based on sales performance.</p>
</li>
<li>
<p>The Return on Equity (ROE) of <b>7.43%</b> is <b>0.87%</b> above the industry average, highlighting efficient use of equity to generate profits.</p>
</li>
<li>
<p>The company has lower Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) of <b>$2.79 Billion</b>, which is <b>0.04x</b> below the industry average. This potentially indicates lower profitability or financial challenges.</p>
</li>
<li>
<p>The gross profit of <b>$7.3 Billion</b> is <b>0.04x</b> below that of its industry, suggesting potential lower revenue after accounting for production costs.</p>
</li>
<li>
<p>The company's revenue growth of <b>5.75%</b> exceeds the industry average of <b>3.07%</b>, indicating strong sales performance and market outperformance.</p>
</li>
</ul>
<h3>Debt To Equity Ratio</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1713970837_0.png" alt="debt to equity" /></p>
<p>The debt-to-equity (D/E) ratio measures the financial leverage of a company by evaluating its debt relative to its equity.</p>
<p>Considering the debt-to-equity ratio in industry comparisons allows for a concise evaluation of a company's financial health and risk profile, aiding in informed decision-making.</p>
<p>In terms of the Debt-to-Equity ratio, Costco Wholesale stands in comparison with its top 4 peers, leading to the following comparisons:</p>
<ul>
<li>
<p>When comparing the debt-to-equity ratio, Costco Wholesale is in a stronger financial position compared to its top 4 peers.</p>
</li>
<li>
<p>The company has a lower level of debt relative to its equity, indicating a more favorable balance between the two with a lower debt-to-equity ratio of <b>0.45</b>.</p>
</li>
</ul>
<h3>Key Takeaways</h3>
<p>For Costco Wholesale, the PE, PB, and PS ratios are all high compared to industry peers, indicating a potentially overvalued stock. On the other hand, the high ROE and revenue growth suggest strong profitability and expansion opportunities. However, the low EBITDA and gross profit may raise concerns about operational efficiency and cost management. Overall, Costco Wholesale appears to be well-positioned in terms of growth potential but may need to focus on improving profitability metrics.</p>
<p><em>This article was generated by Benzinga's automated content engine and reviewed by an editor.</em></p>


Comparing Costco Wholesale With Industry Competitors In Consumer Staples Distribution &amp; Retail Industry

<p>During the last three months, 27 analysts shared their evaluations of Costco Wholesale (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COST#NASDAQ">COST</a>), revealing diverse outlooks from bullish to bearish.</p>
<p>The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months.</p>
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;"><strong>Bullish</strong></th>
<th style="text-align: right;"><strong>Somewhat Bullish</strong></th>
<th style="text-align: right;"><strong>Indifferent</strong></th>
<th style="text-align: right;"><strong>Somewhat Bearish</strong></th>
<th style="text-align: right;"><strong>Bearish</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td><strong>Total Ratings</strong></td>
<td style="text-align: right;">5</td>
<td style="text-align: right;">15</td>
<td style="text-align: right;">7</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>Last 30D</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>1M Ago</strong></td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">5</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>2M Ago</strong></td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">7</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>3M Ago</strong></td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
<p>Analysts' evaluations of 12-month price targets offer additional insights, showcasing an average target of $772.96, with a high estimate of $870.00 and a low estimate of $650.00. This current average reflects an increase of 6.06% from the previous average price target of $728.80. </p>
<p><img src="https://www.benzinga.com/files/images/story/2024/1713891618_0.png" alt="price target chart" /></p>
<h2>Understanding Analyst Ratings: A Comprehensive Breakdown</h2>
<p>An in-depth analysis of recent analyst actions unveils how financial experts perceive Costco Wholesale. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.</p>
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Paul Lejuez</td>
<td>Citigroup</td>
<td>Raises</td>
<td>Neutral</td>
<td>$710.00</td>
<td>$630.00</td>
</tr>
<tr>
<td>Greg Melich</td>
<td>Evercore ISI Group</td>
<td>Lowers</td>
<td>Outperform</td>
<td>$790.00</td>
<td>$805.00</td>
</tr>
<tr>
<td>Laura Champine</td>
<td>Loop Capital</td>
<td>Lowers</td>
<td>Buy</td>
<td>$820.00</td>
<td>$830.00</td>
</tr>
<tr>
<td>Michael Baker</td>
<td>DA Davidson</td>
<td>Maintains</td>
<td>Neutral</td>
<td>$680.00</td>
<td>$680.00</td>
</tr>
<tr>
<td>Greg Melich</td>
<td>Evercore ISI Group</td>
<td>Raises</td>
<td>Outperform</td>
<td>$805.00</td>
<td>$795.00</td>
</tr>
<tr>
<td>Bill Kirk</td>
<td>Roth MKM</td>
<td>Raises</td>
<td>Neutral</td>
<td>$650.00</td>
<td>$601.00</td>
</tr>
<tr>
<td>Joseph Feldman</td>
<td>Telsey Advisory Group</td>
<td>Maintains</td>
<td>Outperform</td>
<td>$800.00</td>
<td>$800.00</td>
</tr>
<tr>
<td>Joseph Feldman</td>
<td>Telsey Advisory Group</td>
<td>Maintains</td>
<td>Outperform</td>
<td>$800.00</td>
<td>$800.00</td>
</tr>
<tr>
<td>Chuck Grom</td>
<td>Gordon Haskett</td>
<td>Announces</td>
<td>Accumulate</td>
<td>$775.00</td>
<td>-</td>
</tr>
<tr>
<td>Ivan Feinseth</td>
<td>Tigress Financial</td>
<td>Raises</td>
<td>Buy</td>
<td>$870.00</td>
<td>$745.00</td>
</tr>
<tr>
<td>Kelly Bania</td>
<td>BMO Capital</td>
<td>Raises</td>
<td>Outperform</td>
<td>$800.00</td>
<td>$770.00</td>
</tr>
<tr>
<td>Seth Sigman</td>
<td>Barclays</td>
<td>Raises</td>
<td>Equal-Weight</td>
<td>$700.00</td>
<td>$614.00</td>
</tr>
<tr>
<td>Michael Baker</td>
<td>DA Davidson</td>
<td>Raises</td>
<td>Neutral</td>
<td>$680.00</td>
<td>$600.00</td>
</tr>
<tr>
<td>Mark Astrachan</td>
<td>Stifel</td>
<td>Raises</td>
<td>Buy</td>
<td>$800.00</td>
<td>$735.00</td>
</tr>
<tr>
<td>Greg Melich</td>
<td>Evercore ISI Group</td>
<td>Raises</td>
<td>Outperform</td>
<td>$815.00</td>
<td>$770.00</td>
</tr>
<tr>
<td>Scot Ciccarelli</td>
<td>Truist Securities</td>
<td>Raises</td>
<td>Buy</td>
<td>$815.00</td>
<td>$741.00</td>
</tr>
<tr>
<td>Rupesh Parikh</td>
<td>Oppenheimer</td>
<td>Maintains</td>
<td>Outperform</td>
<td>$805.00</td>
<td>$805.00</td>
</tr>
<tr>
<td>George Kelly</td>
<td>Wells Fargo</td>
<td>Raises</td>
<td>Equal-Weight</td>
<td>$750.00</td>
<td>$675.00</td>
</tr>
<tr>
<td>Peter Benedict</td>
<td>Baird</td>
<td>Raises</td>
<td>Outperform</td>
<td>$850.00</td>
<td>$775.00</td>
</tr>
<tr>
<td>Joseph Feldman</td>
<td>Telsey Advisory Group</td>
<td>Raises</td>
<td>Outperform</td>
<td>$800.00</td>
<td>$785.00</td>
</tr>
<tr>
<td>Rupesh Parikh</td>
<td>Oppenheimer</td>
<td>Raises</td>
<td>Outperform</td>
<td>$805.00</td>
<td>$760.00</td>
</tr>
<tr>
<td>Joseph Feldman</td>
<td>Telsey Advisory Group</td>
<td>Raises</td>
<td>Outperform</td>
<td>$785.00</td>
<td>$750.00</td>
</tr>
<tr>
<td>Kate McShane</td>
<td>Goldman Sachs</td>
<td>Raises</td>
<td>Buy</td>
<td>$830.00</td>
<td>$749.00</td>
</tr>
<tr>
<td>George Kelly</td>
<td>Wells Fargo</td>
<td>Raises</td>
<td>Equal-Weight</td>
<td>$675.00</td>
<td>$610.00</td>
</tr>
<tr>
<td>Joseph Feldman</td>
<td>Telsey Advisory Group</td>
<td>Maintains</td>
<td>Outperform</td>
<td>$750.00</td>
<td>-</td>
</tr>
<tr>
<td>Joseph Feldman</td>
<td>Telsey Advisory Group</td>
<td>Raises</td>
<td>Outperform</td>
<td>$750.00</td>
<td>$700.00</td>
</tr>
<tr>
<td>Rupesh Parikh</td>
<td>Oppenheimer</td>
<td>Raises</td>
<td>Outperform</td>
<td>$760.00</td>
<td>$695.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li><strong>Action Taken:</strong> Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to Costco Wholesale. This offers insight into analysts' perspectives on the current state of the company.</li>
<li><strong>Rating:</strong> Gaining insights, analysts provide qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of Costco Wholesale compared to the broader market.</li>
<li><strong>Price Targets:</strong> Analysts provide insights into price targets, offering estimates for the future value of Costco Wholesale's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
<p>Assessing these analyst evaluations alongside crucial financial indicators can provide a comprehensive overview of Costco Wholesale's market position. Stay informed and make well-judged decisions with the assistance of our Ratings Table.</p>
<p><a href="https://www.benzinga.com/quote/COST/analyst-ratings?utm_source=Benzinga Insights"><strong>Stay up to date on Costco Wholesale analyst ratings.</strong></a></p>
<h2>All You Need to Know About Costco Wholesale</h2>
<p>Costco operates a membership-based, no-frills retail model, predicated on offering a select product assortment in bulk quantities at bargain prices. The firm avoids maintaining costly product displays by keeping inventory on pallets and limits distribution expenses by storing its inventory at point of sale in the warehouse. Given Costco's frugal cost structure, the firm is able to price its merchandise below competing retailers, driving high sales volume per warehouse and allowing the retailer to generate strong profits on thin margins. Costco operates over 600 warehouses in the United States and boasts over 60% market share in the domestic warehouse club industry. Internationally, Costco operates another 270 warehouses, primarily in markets such as Canada, Mexico, Japan, and the UK.</p>
<h3>Financial Insights: Costco Wholesale</h3>
<p><strong>Market Capitalization Analysis:</strong> The company's market capitalization surpasses industry averages, showcasing a dominant size relative to peers and suggesting a strong market position.</p>
<p><strong>Revenue Growth:</strong> Costco Wholesale's remarkable performance in 3 months is evident. As of 29 February, 2024, the company achieved an impressive revenue growth rate of <strong>5.75%</strong>. This signifies a substantial increase in the company's top-line earnings. In comparison to its industry peers, the company stands out with a growth rate higher than the average among peers in the Consumer Staples sector.</p>
<p><strong>Net Margin:</strong> The company's net margin is a standout performer, exceeding industry averages. With an impressive net margin of <strong>2.98%,</strong> the company showcases strong profitability and effective cost control.</p>
<p><strong>Return on Equity (ROE):</strong> The company's ROE is a standout performer, exceeding industry averages. With an impressive ROE of <strong>7.43%,</strong> the company showcases effective utilization of equity capital.</p>
<p><strong>Return on Assets (ROA):</strong> Costco Wholesale's ROA surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive <strong>2.49%</strong> ROA, the company effectively utilizes its assets for optimal returns.</p>
<p><strong>Debt Management:</strong> The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at <strong>0.45</strong>.</p>
<h2>Understanding the Relevance of Analyst Ratings</h2>
<p>Analyst ratings serve as essential indicators of stock performance, provided by experts in banking and financial systems. These specialists diligently analyze company financial statements, participate in conference calls, and engage with insiders to generate quarterly ratings for individual stocks.</p>
<p>Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.</p>
<p>This article was generated by Benzinga's automated content engine and reviewed by an editor.</p>


Expert Outlook: Costco Wholesale Through The Eyes Of 27 Analysts

<p>Citigroup  analyst Paul Lejuez   maintains Costco Wholesale (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COST#NASDAQ">COST</a>) with a Neutral and raises the price target from $630 to $710.</p>


Citigroup Maintains Neutral on Costco Wholesale, Raises Price Target to $710

<h4><strong>Key Takeaways:</strong></h4>
<ul>
<li>Sun Art lost 1.7 billion yuan in its latest fiscal year, as it tries to overhaul its business in the face of competition from grocers with stronger online components</li>
<li>The loss owed largely to store closure-related charges and the company&rsquo;s falling average value per transaction&nbsp;</li>
</ul>
<p>By Lau Chi Hang</p>
<p>When Hong Kongers rush across the border to shop at Sam&rsquo;s Club Shenzhen on weekends, leading Mainland hypermarket chain RT-Mart can only look on with envy. Its parent,&nbsp;<strong>Sun Art Retail Group Ltd.</strong>, issued a sudden&nbsp;<a href="https://www1.hkexnews.hk/listedco/listconews/sehk/2024/0412/2024041201113.pdf"><strong>profit warning</strong></a>&nbsp;this month, saying it tumbled into the red during its latest fiscal year through March 2024 to the tune of a 1.6 billion yuan ($220 million) loss for the year, reversing a slight 78 million yuan profit the previous year.</p>
<p>The massive loss mainly stemmed from charges related to store closures, as well as impairments on its fixed assets and goodwill. Excluding those impairment losses, the net loss totaled between 600 million yuan and 700 million yuan, mainly due to business restructuring costs and a decrease in the average value per transaction caused by less stocking up on goods by its customers at their homes.</p>
<h3><strong>Parade Of Store Closures</strong></h3>
<p>Sun Art said it would close long-term loss-making stores and consider selling non-performing assets, while continuing to focus on its extensive layout in the Yangtze River Delta, Pearl River Delta, Shandong Peninsula and other regions where it operates. The company still holds sufficient projected cash flow to fully fund its future business development and fend off market competition, it said.</p>
<p>Sun Art&rsquo;s RT-Mart stores were once a leader in China&rsquo;s grocery realm, offering a wide array of goods in their massive, brightly lit stores to generations who grew up doing much of their shopping in traditional wet markets. But the business model looks quite obsolete in China&rsquo;s current grocery landscape dominated by online companies and offline shops that still allow customers to purchase orders online.&nbsp;</p>
<p>Sun Art is a living example of how detrimental falling out of sync with the times can be. The company has been downsizing nonstop these last few years. It continued that in its latest fiscal year, dropping its store count to 582 by the end of March 2023, from 602 at the end of the previous fiscal year. Unofficial market statistics show the company continued to close more stores throughout last year, collectively shuttering as many as 13.</p>
<p>&ldquo;I won the battle but lost the war,&rdquo; lamented Sun Art&rsquo;s Chairman Huang Ming-Tuan, alluding to earlier days when RT-Mart was king of China&rsquo;s grocery hill. &ldquo;When you lose the war, you don&rsquo;t even get a chance to say goodbye.&rdquo;</p>
<p>In fact, Sun Art lost 730 million yuan in its fiscal year through March 2022, even though it managed to post the slight profit a year later, before the massive loss for its latest fiscal year. The company is majority owned by&nbsp;<strong>Alibaba</strong>&nbsp;(9988.HK, BABA.US), but the e-commerce giant&rsquo;s Chairman Joe Tsai said in February it was considering a slow exit from the traditional retail business.</p>
<h3><strong>Sam&rsquo;s Club As Last Man Standing</strong></h3>
<p>While e-commerce is crushing traditional hypermarkets,&nbsp;<strong>Walmart&rsquo;s</strong>&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/wmt#NYSE">WMT</a>) Sam&rsquo;s Club has become one of the last men standing among brick-and-mortar supermarket operators in China with its popular warehouse-style stores and paid membership model. Sam&rsquo;s U.S. rival&nbsp;<strong>Costco</strong>&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cost#NASDAQ">COST</a>) has also done well in China using a similar model, though it only has six stores in the market, most in the Yangtze Delta area.</p>
<p>Walmart China, which also operates its namesake Walmart stores, pocketed revenues of 107 billion yuan in 2022, with 61% of that from Sam&rsquo;s Club stores. Walmart&rsquo;s China sales reached 28.8 billion yuan in the fourth quarter of last year, up 11.3% year-on-year, all thanks to the continued growth of Sam&rsquo;s Club and e-commerce, the U.S. retail giant previous said.</p>
<p>The strong performances for Sam&rsquo;s Club and Costco encouraged Sun Art to open its own first paid membership store, M Club, in the city of Yangzhou in East China&rsquo;s Jiangsu province last year. Converted from an existing RT-Mart, the store showed some early encouraging progress with more than 50,000 paid members by the end of last September. The company said it plans to convert more stores in Nanjing and Changzhou into M Club stores this year.</p>
<p>To understand why membership stores are thriving, even as hypermarkets sputter, we need to first consider the two business models. Hypermarkets generate revenue from two main sources: the sale of goods, and fees paid by merchants for product placement within stores. As merchant fees are an important income source, hypermarkets often put more focus on product placement within stores, even if that means ignoring consumer preferences. As a result, many stores often become filled with a variety of goods that have little consumer attraction.</p>
<h3><strong>Special Goods&nbsp;At Low Price</strong></h3>
<p>By comparison, Sam&rsquo;s Club differentiates itself from the hypermarkets with its more targeted selection of goods and lower prices. Traditional hypermarkets can easily shelve 20,000 to 30,000 products, even if much of that is for show only. Such goods are highly homogenized and can often be bought almost anywhere. Sam&rsquo;s Club sells a far smaller range of highly selected products, usually around just 3,000 to 4,000, focusing on consumer needs. Many of its items aren&rsquo;t even readily available in other stores.</p>
<p>Sam&rsquo;s Club also has its own house brand, Member&rsquo;s Mark, with about 800 items ranging from daily necessities to baked goods like sweet potato bread, American-style roast chicken, durian cake and Swiss rolls. The house brand not only helps to differentiate Sam&rsquo;s from its rivals, but also brings higher margins.</p>
<p>As it offers less products and often purchases them in bulk, it&rsquo;s naturally easier for Sam&rsquo;s Club to obtain better prices from its suppliers. Moreover, makers of products sold in hypermarkets often pass on their product placement fees within the stores to consumers. As a result, sometimes their goods sold in hypermarkets are even more expensive than prices charged in smaller grocery stores. Sam&rsquo;s Club stores don&rsquo;t have this issue, which helps to explain why consumers are willing to pay membership fees for a better shopping experience.</p>
<p>While Sam&rsquo;s Club is a warehouse-style supermarket, it also still puts efforts into its store appearance, especially in laying out goods. Moreover, some of its stores offer other perks like large amusement areas for kids.&nbsp;</p>
<p>The success of Sam&rsquo;s Club may be motivating Sun Art to modify its format, though it&rsquo;s coming to the game rather late. Sam&rsquo;s Club has the first-mover advantage with its model, and has already built up exceptional brand awareness. Sun Art&rsquo;s belated transformation, in the end, is just an imitation. And copycats are by no means guaranteed success.</p>
<p class="contributor-disclaimer"><em>This article is from an unpaid external contributor. It does not represent Benzinga&#39;s reporting and has not been edited for content or accuracy.</em></p>


Asia

Faded Sun Art Seeks To Shine Again In China's Changing Grocery Market

<p>Financial giants have made a conspicuous bearish move on Costco Wholesale. Our analysis of options history for Costco Wholesale (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COST#NASDAQ">COST</a>) revealed 10 unusual trades.</p>
<p>Delving into the details, we found 20% of traders were bullish, while 80% showed bearish tendencies. Out of all the trades we spotted, 7 were puts, with a value of $349,866, and 3 were calls, valued at $156,750.</p>
<h3>What's The Price Target?</h3>
<p>Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $575.0 to $785.0 for Costco Wholesale during the past quarter. </p>
<h3>Insights into Volume &amp; Open Interest</h3>
<p>In today's trading context, the average open interest for options of Costco Wholesale stands at 720.44, with a total volume reaching 520.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Costco Wholesale, situated within the strike price corridor from $575.0 to $785.0, throughout the last 30 days.</p>
<h3>Costco Wholesale Call and Put Volume: 30-Day Overview</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1713538974_0.png" alt="Options Call Chart" /></p>
<h3>Biggest Options Spotted:</h3>
<p>
<table>
<thead>
<tr>
<th><strong>Symbol</strong></th>
<th><strong>PUT/CALL</strong></th>
<th><strong>Trade Type</strong></th>
<th><strong>Sentiment</strong></th>
<th><strong>Exp. Date</strong></th>
<th><strong>Ask</strong></th>
<th><strong>Bid</strong></th>
<th><strong>Price</strong></th>
<th><strong>Strike Price</strong></th>
<th><strong>Total Trade Price</strong></th>
<th><strong>Open Interest</strong></th>
<th style="text-align: right;"><strong>Volume</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td>COST</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$122.95</td>
<td>$120.15</td>
<td>$121.15</td>
<td>$700.00</td>
<td>$96.9K</td>
<td>54</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>COST</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>04/26/24</td>
<td>$9.35</td>
<td>$9.1</td>
<td>$9.35</td>
<td>$715.00</td>
<td>$92.5K</td>
<td>470</td>
<td style="text-align: right;">9</td>
</tr>
<tr>
<td>COST</td>
<td>PUT</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>05/17/24</td>
<td>$20.9</td>
<td>$20.3</td>
<td>$20.57</td>
<td>$720.00</td>
<td>$51.2K</td>
<td>1.6K</td>
<td style="text-align: right;">75</td>
</tr>
<tr>
<td>COST</td>
<td>PUT</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>01/17/25</td>
<td>$48.35</td>
<td>$47.4</td>
<td>$47.79</td>
<td>$715.00</td>
<td>$47.7K</td>
<td>102</td>
<td style="text-align: right;">10</td>
</tr>
<tr>
<td>COST</td>
<td>PUT</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>05/17/24</td>
<td>$17.9</td>
<td>$17.5</td>
<td>$17.74</td>
<td>$715.00</td>
<td>$44.1K</td>
<td>1.4K</td>
<td style="text-align: right;">56</td>
</tr>
</tbody>
</table>
</p>
<h3>About Costco Wholesale</h3>
<p>Costco operates a membership-based, no-frills retail model, predicated on offering a select product assortment in bulk quantities at bargain prices. The firm avoids maintaining costly product displays by keeping inventory on pallets and limits distribution expenses by storing its inventory at point of sale in the warehouse. Given Costco's frugal cost structure, the firm is able to price its merchandise below competing retailers, driving high sales volume per warehouse and allowing the retailer to generate strong profits on thin margins. Costco operates over 600 warehouses in the United States and boasts over 60% market share in the domestic warehouse club industry. Internationally, Costco operates another 270 warehouses, primarily in markets such as Canada, Mexico, Japan, and the UK.</p>
<p>After a thorough review of the options trading surrounding Costco Wholesale, we move to examine the company in more detail. This includes an assessment of its current market status and performance.</p>
<h3>Current Position of Costco Wholesale</h3>
<ul>
<li>Trading volume stands at 492,014, with COST's price down by -0.69%, positioned at $706.36.</li>
<li>RSI indicators show the stock to be may be approaching oversold.</li>
<li>Earnings announcement expected in 34 days.</li>
</ul>
<h3>Expert Opinions on Costco Wholesale</h3>
<p>A total of 5 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $744.0.</p>
<ul>
<li>Maintaining their stance, an analyst from Roth MKM continues to hold a Neutral rating for Costco Wholesale, targeting a price of $650. </li>
<li>An analyst from DA Davidson persists with their Neutral rating on Costco Wholesale, maintaining a target price of $680. </li>
<li>An analyst from Evercore ISI Group has decided to maintain their Outperform rating on Costco Wholesale, which currently sits at a price target of $790. </li>
<li>An analyst from Telsey Advisory Group persists with their Outperform rating on Costco Wholesale, maintaining a target price of $800. </li>
<li>An analyst from Telsey Advisory Group has decided to maintain their Outperform rating on Costco Wholesale, which currently sits at a price target of $800. </li>
</ul>
<p>Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Costco Wholesale with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.</p>


This Is What Whales Are Betting On Costco Wholesale

<p>Costco Wholesale (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COST#NASDAQ">COST</a>) has outperformed the market over the past 10 years by 9.87% on an annualized basis producing an average annual return of 20.14%. Currently, Costco Wholesale has a market capitalization of $320.65 billion. </p>
<p><strong>Buying $1000 In COST:</strong> If an investor had bought $1000 of COST stock 10 years ago, it would be worth <strong>$6,235.85</strong> today based on a price of $723.00 for COST at the time of writing.</p>
<h3>Costco Wholesale's Performance Over Last 10 Years</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1713373243_0.png" alt="comp_fig" /></p>
<p>Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.</p>
<p><em>This article was generated by Benzinga's automated content engine and reviewed by an editor.</em></p>


Here's How Much $1000 Invested In Costco Wholesale 10 Years Ago Would Be Worth Today

D.A. Davidson analyst Michael Baker maintained a Hold rating on Costco (COST – Research Report) today. The company's shares closed yesterday at $76...

D.A. Davidson Reaffirms Their Hold Rating on Costco (COST)

<p><a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a></p>
<p>Economists are divided on the question of when, or if, a recession will occur. Some even support&nbsp;the argument that we&rsquo;ve been in a rolling recession. Whatever your thoughts on the matter, the fact that a potential recession is still being discussed should put you on the hunt for recession-proof <a href="https://investorplace.com/industries/consumer-discretionary/retail/">retail stocks</a>. &nbsp;</p>



<p>Of course, the retail sector has been under pressure for well over a year. However, it&rsquo;s only been in the last two quarters that many retailers are acknowledging consumer pullback. Still, shifting consumer buying habits, in this case, means they&rsquo;re being more selective. &nbsp;</p>



<p>And that means investors need to be more selective as well. The playbook is not new. You&rsquo;re looking for companies that are growing earnings and ones that analysts support. Here are three recession-proof retail stocks that you can buy for the short term or the long haul. &nbsp;</p>



<h2>Chipotle Mexican Grill (CMG)&nbsp;</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2024/03/cmg1600-300x169.png" alt="Chipotle - Sign on building, CMG stock"><div>Source: Retail Photographer / Shutterstock.com</div></div><p>It may be strange to say a stock that&rsquo;s up 353% in the last five years and will soon be conducting a 50-for-1 stock split is undervalued. But that may very well be the case with <strong>Chipotle Mexican Grill</strong> (NYSE:<span><a href="https://investorplace.com/stock-quotes/cmg-stock-quote/"><strong>CMG</strong></a></span>). &nbsp;</p>



<p>Chipotle indeed trades at 58x forward earnings. But long-term investors are banking on the fact that Chipotle&rsquo;s aggressive international expansion will allow the stock to grow into that valuation. The latest move that Chipotle made on that front was its <a href="https://www.alshaya.com/en/?&#x2A;?&#x2A;Topshop/media-centre/alshaya-news/alshaya-group-provides-first-batch-of-global-hospitality-certification-recognizing-skills-in-mena/media-centre/alshaya-news/alshaya-group-marks-its-presence-in-horeca-2023-and-scoops-26-culinary-awards/media-centre/alshaya-news/h-m-foundation-provides-250-000-in-emergency-relief-after-morocco-earthquake/media-centre/alshaya-news/alshaya-group-launches-aura-loyalty-programme-in-bahrain/media-centre/alshaya-news/highlighting-our-sustainable-initiatives-at-cop28/media-centre/alshaya-news/alshaya-group-is-at-the-forefront-of-circularity-through-digital-innovation-and-connected-recycling-initiatives/media-centre/alshaya-news/alshaya-group-is-at-the-forefront-of-circularity-through-digital-innovation-and-connected-recycling-initiatives/media-centre/alshaya-news/alo-yoga-opens-flagship-store-in-uae-at-the-dubai-mall/media-centre/alshaya-news/alo-yoga-opens-flagship-store-in-uae-at-the-dubai-mall/media-centre/alshaya-news/pam-interns-successfully-complete-winter-internship-at-alshaya/media-centre/alshaya-news/alo-yoga-to-debut-in-dubai-in-partnership-with-alshaya-group/media-centre/alshaya-news/pam-interns-successfully-complete-winter-internship-at-alshaya/media-centre/alshaya-news/alo-yoga-to-debut-in-dubai-in-partnership-with-alshaya-group/media-centre/alshaya-news/alo-yoga-opens-flagship-store-in-uae-at-the-dubai-mall/media-centre/alshaya-news/pam-interns-successfully-complete-winter-internship-at-alshaya/media-centre/alshaya-news/pam-interns-successfully-complete-winter-internship-at-alshaya/media-centre/alshaya-news/alo-yoga-to-debut-in-dubai-in-partnership-with-alshaya-group/media-centre/alshaya-news/pam-interns-successfully-complete-winter-internship-at-alshaya/#:~:text=ShapeIn%20partnership%20with%20the%20Alshaya,that%20help%20introduce%20Chipotle's%20menu" target="_blank">partnership with the Alshaya Group</a> to debut the brand in Kuwait. &nbsp;</p>



<p>Back in the United States, the company just reported <a href="https://ir.chipotle.com/2024-04-24-CHIPOTLE-ANNOUNCES-FIRST-QUARTER-2024-RESULTS" target="_blank">first-quarter earnings</a> that were exceptional by any measure. The results are noteworthy at a time when many consumers are <a href="https://marketrealist.com/how-are-restaurants-adapting-to-changed-consumer-behavior/" target="_blank">eating at home to avoid the high cost of dining out.</a> &nbsp;</p>



<p>If you don&rsquo;t have a position in CMG stock, you&rsquo;ll probably want to wait until after the stock split which will be effective June 18, 2024, pending shareholder approval. &nbsp;</p>



<h2>Costco Wholesale (COST)&nbsp;</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/03/cost-stock-2-300x169.jpg" alt="Costco logo on a sign on a Costco store."><div>Source: ARTYOORAN / Shutterstock.com</div></div><p>Speaking of stocks that have done well over the last five years, <strong>Costco Wholesale&rsquo;s</strong> (NASDAQ:<span><a href="https://investorplace.com/stock-quotes/cost-stock-quote/"><strong>COST</strong></a></span>) stock is up 212% in the last five years. And the stock is already up 16% in 2024. Analysts indicate that the stock may be due for a pullback. But with 19 out of 38 analysts giving COST stock a strong buy or buy rating, investors should view that as a buying signal. &nbsp;</p>



<p>The company has noticed that consumers are prioritizing staple items over discretionary purchases. However, the company continues to deliver year-over-year revenue and earnings growth. &nbsp;</p>



<p>The company&rsquo;s business model is based on its membership model. Once consumers pay the membership fee, they&rsquo;re going to prioritize shopping at Costco. Costco hasn&rsquo;t increased its membership fee since 2017. &nbsp;</p>



<p>It hasn&rsquo;t announced that it will raise the fee, but based on history, it&rsquo;s overdue. In the past, when the company increased its membership fee, it had little to no impact on the company&rsquo;s membership numbers. Costco also plans to continue <a href="https://investorplace.com/2024/05/the-3-best-retail-stocks-to-buy-in-may-2024/" target="_blank">opening new locations</a> both in the United States and abroad which provides another avenue for growth. &nbsp;</p>



<h2>Chewy (CHWY)&nbsp;</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/09/chwy1600c_chewy-300x169.jpg" alt="The Chewy logo on a banner at the New York Stock Exchange."><div>Source: Chie Inoue / Shutterstock.com</div></div><p>Despite its niche in the pet care and wellness industry, <strong>Chewy</strong> (NYSE:<span><a href="https://investorplace.com/stock-quotes/chwy-stock-quote/"><strong>CHWY</strong></a></span>) has lagged behind many retail stocks. In the last five years, CHWY stock is down 55%, and it&rsquo;s down 33% in 2024. &nbsp;</p>



<p>The current issue is a lack of meaningful growth. CHWY stock soared nearly 4x in 2020 as more consumers brought pets into their homes. The company benefited from an e-commerce model that consumers needed. Unfortunately, Chewy wasn&rsquo;t able to leverage that bottom-line growth as the economy reopened. &nbsp;</p>



<p>But <a href="https://investorplace.com/2024/05/3-growth-stocks-to-buy-at-52-week-lows/" target="_blank">analysts now view Chewy stock as oversold</a>. Price targets range from $16 to $32 with the consensus being $22.80 which would be a 47% gain. &nbsp;As analyst sentiment improves, short interest is declining, and institutional ownership is on the rise. &nbsp;</p>



<p><em>On the date of publication, Chris Markoch did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank"> Publishing Guidelines</a>.&nbsp;</em></p>
<div><p>Chris Markoch is a freelance financial copywriter who has been covering the market for over five years. He has been writing for InvestorPlace since 2019.</p></div><h3>More From InvestorPlace</h3>
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<p>Dividend investing has a long, successful track record that makes it one of the best strategies investors can use. The best dividend <a href="https://investorplace.com/stock-types/growth-stocks/">growth stocks</a> to buy tend to be those that regularly raise their shareholder payout.</p>



<p>The asset managers at <strong>Hartford Funds</strong> looked at the performance of the benchmark <strong>S&amp;P 500</strong> going all the way back to 1930, and found that dividends contributed 40% to the total return of the index over that 91-year period. <a href="https://www.hartfordfunds.com/dam/en/docs/pub/whitepapers/WP106.pdf">Reinvesting dividends</a> in the benchmark, coupled with the power of compounding, would have turned a $10,000 investment in 1960 into more than $5.1 million. Compare that to the $796,432 that grubstake would have become based just on the index&rsquo;s price alone.</p>



<p>So if you&rsquo;re looking for the best dividend growth stocks to buy, the three stocks below should be at the top of your list.</p>



<h2>Agree Realty (ADC)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/12/shutterstock_1392565235-300x169.png" alt="Agree Realty Corporation (ADC) logo visible on display screen."><div>Source: Pavel Kapysh / Shutterstock.com</div></div><p>Real estate investment trust (<span>REIT</span>) <strong>Agree Realty</strong> (NYSE:<span><a href="https://investorplace.com/stock-quotes/adc-stock-quote/"><strong>ADC</strong></a></span>) is an excellent place to begin buying dividend growth stocks. Its portfolio typically focuses on tire and auto centers, home improvement stores and supermarkets. It&rsquo;s top tenants include <strong>Walmart</strong> (NYSE:<span><a href="https://investorplace.com/stock-quotes/wmt-stock-quote/"><strong>WMT</strong></a></span>), <strong>Tractor Supply</strong> (NYSE:<span><a href="https://investorplace.com/stock-quotes/tsco-stock-quote/"><strong>TSCO</strong></a></span>) and <strong>Dollar General</strong> (NYSE:<span><a href="https://investorplace.com/stock-quotes/dg-stock-quote/"><strong>DG</strong></a></span>).</p>



<p>That means Agree has a solid foundation upon which to grow. Its leases are typically long-term and offer stability for the regular income streams generated. Last quarter the REIT noted its portfolio consisted of 2,161 properties and was <a href="https://www.sec.gov/ix?doc=/Archives/edgar/data/917251/000110465924050574/tm2412472d1_8k.htm">99.6% leased</a> with approximately 8.2 years remaining on the leases.</p>



<p>Agree Realty&rsquo;s stock is down 6% year-to-date but that has more to do with the high-interest rate environment we&rsquo;re currently in. Such economic conditions tend to <a href="https://investorplace.com/2024/04/passive-income-powerhouses-3-dividend-growth-stocks-to-buy-now/">weigh heavily on REITs</a> and a return to normalcy should seen it resume its traditional growth trajectory. Despite fighting with one hand behind its back for the past year or so, Agree has a 10-year total return that just about matches the S&amp;P 500.</p>



<h2>Dick&rsquo;s Sporting Goods (DKS)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/07/DKS1600-300x169.jpg" alt="An image of a Dick's Sporting Goods retail location"><div>Source: Jonathan Weiss / Shutterstock.com</div></div><p>Sporting goods retailer <strong>Dick&rsquo;s Sporting Goods</strong> (NYSE:<span><a href="https://investorplace.com/stock-quotes/dks-stock-quote/"><strong>DKS</strong></a></span>) is not only an impressive dividend growth stock to buy but also a good, all-around utility player for your portfolio. It delivers both growth and income.</p>



<p>DKS stock is up 45% over the past 12 months and has handily trounced the S&amp;P 500 over the past three-, five- and 10-year periods. And that&rsquo;s before goosing the returns with its dividend payments. Over the past decade, Dick&rsquo;s has a total return of more than 400% versus a 234% return by the broad market index.</p>



<p>The sporting goods retailer has a long and strong history of raising its dividend and buying back shares. The payout has increased by an <a href="https://investorplace.com/2024/04/dividend-growth-stars-7-stocks-with-10-year-double-digit-rate-hikes/">eye-popping 27% for the past 10 years</a> all the while steadily reducing is share count. Last quarter it repurchased $648 million worth of stock, some 5.4 million shares, and still has $780 million remaining on its authorization.</p>



<p>Dick&rsquo;s dividend yields 2% annually, which is a solid yield to start with. You will find as you own the stock over time, your yield on cost will grow because it buys back more stock and keeps hiking the payout.</p>



<h2>Costco (COST)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/03/cost-stock-2-300x169.jpg" alt="Costco logo on a sign on a Costco store."><div>Source: ARTYOORAN / Shutterstock.com</div></div><p>Warehouse club <strong>Costco</strong> (NASDAQ:<span><a href="https://investorplace.com/stock-quotes/cost-stock-quote/"><strong>COST</strong></a></span>) is another great dividend growth stock to own, just about anytime you purchase the stock. But you would have done amazingly well had you <a href="https://investorplace.com/2024/04/forever-stocks-3-tremendous-growth-picks-to-buy-and-never-sell/">waited for the stock to fall</a> before buying in. Over the past decade, Costco stock generated a 730% total return for shareholders, a better than three-to-one drubbing of the benchmark index.</p>



<p>The value proposition Costco brings to the table is tough to beat. Buying in bulk saves consumers money, which resonates well no matter the market, but especially when times are tough. And because its customer base is slightly more upscale than the competition, they can buy more while shopping longer.</p>



<p>And it&rsquo;s often mentioned, but the warehouse club has a key lever it can pull to juice revenue and profits: its membership fee. Every five to six years Costco <a href="https://investorplace.com/2024/03/billionaire-favorites-ray-dalios-3-largest-stock-positions-will-surprise-you/">increases the price of a membership</a>, which flows right down its financial statements to the bottom line. It might lose a customer or two along the way, but not nearly enough to cause concern, all the while boosting top and bottom line figures.</p>



<p>Costco is due for another increase very soon so expect a cash infusion to bolster its already superior earnings results.</p>



<p><em>On the date of publication, Rich Duprey did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com <a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/">Publishing Guidelines</a>.</em></p>
<div><p>Rich Duprey has written about stocks and investing for the past 20 years. His articles have appeared on Nasdaq.com, The Motley Fool, and Yahoo! Finance, and he has been referenced by U.S. and international publications, including MarketWatch, Financial Times, Forbes, Fast Company, USA Today, Milwaukee Journal Sentinel, Cheddar News, The Boston Globe, L&rsquo;Express, and numerous other news outlets.</p></div><h3>More From InvestorPlace</h3>
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<p><em>Fortune </em>published an article in early April about <strong>Saudi Aramco</strong>, the <a href="https://fortune.com/2024/04/04/saudi-arabia-aramco-oil-gas-us-construction-environment-riyadh/">most profitable company</a> in the world over the past decade. Majority-owned by the Saudi Arabia government, the oil company&rsquo;s revenue in 2023 accounted for 40% of the country&rsquo;s GDP (gross domestic product). The Public Investment Fund (PIF) has invested a big chunk of the profits outside Saudi Arabia. <strong>Lucid Group </strong>(NASDAQ:<span><a href="https://investorplace.com/stock-quotes/lcid-stock-quote/"><strong>LCID</strong></a></span>), one of the PIF stock picks, hasn&rsquo;t gone too well.</p>



<p>But don&rsquo;t worry. The professionals operating the sovereign wealth fund have mostly done a reasonable job of delivering returns for Saudi Arabia.&nbsp;</p>



<p>According to <em>WhaleWisdom.com</em>, as of Dec. 31, 2023, it had <a href="https://whalewisdom.com/filer/public-investment-fund">$35.2 billion</a> invested in U.S.-listed stocks, with Lucid accounting for 16.42% of these assets. WhaleWisdom says the average price paid by PIF for LCID stock is $19.65, significantly higher than the $2.68 it&rsquo;s currently trading at.&nbsp;</p>



<p>PIF is patient capital but Lucid is trying to have an easy-going, carefree attitude about its investments.&nbsp;</p>



<p>It has 52 stocks invested across the $35 billion, with its top 10 holdings accounting for nearly 64$ of the assets.</p>



<p>Here are my three PIF stock picks to buy now.</p>



<h2>Pinterest (PINS)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/03/pins-1600-1-300x169.png" alt="Pinterest logo. PINS stock."><div>Source: Ink Drop / shutterstock</div></div><p>Representing the communications sector is <strong>Pinterest</strong> (NYSE:<span><a href="https://investorplace.com/stock-quotes/pins-stock-quote/"><strong>PINS</strong></a></span>), the visually focused social media platform that helps users come up with product ideas for projects they&rsquo;re working on. It makes money from ads sold on its site.&nbsp;</p>



<p>PINS stock accounts for 0.51% of PIF&rsquo;s portfolio. It first acquired Pinterest stock in Q3 2021. Its share price has gained more than 17% in 2024 and is up nearly 97% over the past year.&nbsp;</p>



<p>In its first quarter of 2024, which it announced on April 30, the report included a 23% increase in revenue to <a href="https://investor.pinterestinc.com/press-releases/press-releases-details/2024/Pinterest-Announces-First-Quarter-2024-Results-Reports-23-Revenue-Growth-and-More-Than-Half-A-Billion-Monthly-Active-Users/default.aspx">$740 million</a>, a 12% increase in its global monthly active users (MAUs) to 518 million, and an adjusted EBITDA (earnings before interest, taxes, depreciation and amortization) of $113 million, up from $27 million a year earlier.&nbsp;</p>




<p>&ldquo;Q1 was a milestone quarter for Pinterest as we reached new highs: surpassing half a billion monthly active users and reporting 23% revenue growth &ndash; our fastest user and revenue growth since 2021,&rdquo; said Bill Ready, CEO of Pinterest.&nbsp;</p>




<p>As social <a href="https://investorplace.com/industries/communications/media/">media stocks</a> go, Pinterest might not be the most profitable, but it does have the most potential upside.</p>



<h2>Ermenegildo Zegna (ZGN)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2024/01/hand-growth-stocks-1600-300x169.jpg" alt="Hand pointing up and to the right with blue arrow, symbolizes growth stocks. hypergrowth stocks"><div>Source: shutterstock.com/Lemonsoup14</div></div><p>I had forgotten entirely that <strong>Ermenegildo Zegna </strong>(NYSE:<span><a href="https://investorplace.com/stock-quotes/zgn-stock-quote/"><strong>ZGN</strong></a></span>) went public in December 2021 by <a href="https://www.reuters.com/markets/europe/italys-zegna-start-trading-nyse-dec-20-after-spac-merger-2021-12-17/">merging</a> with <strong>Investindustrial Acquisition Corp.</strong>, a SPAC (special purpose acquisition company).&nbsp;</p>



<p>The 113-year-old Italian suit-maker went public to raise capital that it could use to reenergize the company by moving more casual.&nbsp;</p>



<p>Zegna is a tiny piece of the PIF pie. It accounts for just 0.07% of its 13F assets. PIF first bought shares in Q3 2023. The Zegna family controls 59.8% of the common shares and 96.6% of the special voting Class A shares. Together, they give the family nearly <a href="https://d18rn0p25nwr6d.cloudfront.net/CIK-0001877787/57efaf19-16d1-4290-a12b-9154b03fdaf8.pdf">74%</a> of the total votes and complete control.</p>



<p>In Q1 2024, Zegna reported 11% revenue growth year-over-year, excluding currency, with a significant contribution from Tom Ford Fashion, which it acquired in April 2023 for <a href="https://d18rn0p25nwr6d.cloudfront.net/CIK-0001877787/57efaf19-16d1-4290-a12b-9154b03fdaf8.pdf">$150 million</a> for the 85% it didn&rsquo;t already own.&nbsp;</p>



<p>In 2023, it had an operating profit of 208.1 million euros ($223.6 million) on revenue of 1.90 billion euros ($2.04 billion).&nbsp;&nbsp;&nbsp;</p>



<p>It trades at 24.4x its 2023 earnings and 1.6x sales, which is a very reasonable price to pay to own a piece of the iconic company.&nbsp;&nbsp;</p>



<h2>Costco (COST)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/03/cost1600-300x169.jpg" alt="A Costco Wholesale (COST) warehouse in Auburn Hills, Michigan."><div>Source: ilzesgimene / Shutterstock.com</div></div><p>I bet the <strong>Costco </strong>(NASDAQ:<span><a href="https://investorplace.com/stock-quotes/cost-stock-quote/"><strong>COST</strong></a></span>) board meetings will be less fun or interesting now that Charlie Munger, <a href="https://www.cbc.ca/news/business/charlie-munger-obituary-1.7043302">who passed away</a> last November, won&rsquo;t be there.</p>



<p>Ben Gilbert and David Rosenthal, the duo behind the successful <em>Acquired </em><a href="https://www.fastcompany.com/90927453/acquired-number-1-tech-podcast-sensation">podcast</a>, interviewed Munger at his home last October, just weeks before he passed. The podcast had lots of interesting nuggets about Costco from the 99-year-old.</p>




<p>&ldquo;They really did sell cheaper than anybody else in America and they did it in big, efficient stores. The parking spaces were 10 feet wide instead of eight or nine feet or whatever they normally are,&rdquo; Munger told Acquired&rsquo;s listeners.&nbsp;&nbsp;</p>




<p>He discussed the company&rsquo;s philosophy about buying real estate using <strong>Walmart </strong>(NYSE:<a href="https://investorplace.com/stock-quotes/wmt-stock-quote/"><strong>WMT</strong></a>) as an example. While Walmart spent little on its real estate, Costco went for better locations that cost more to attract its wealthier clientele.&nbsp;</p>




<p>&ldquo;Costco just specializes in the good locations, where the rich people lived. And Walmart just let them do it year after year. It was just a terrible mistake,&rdquo; Munger said.&nbsp;</p>




<p>Costco isn&rsquo;t one of PIF&rsquo;s top 10 holdings, but it accounts for 1.94% of the portfolio, putting it in the 14th spot.&nbsp;</p>



<p>Of the three stocks, Costco would have to be my favorite.&nbsp;</p>



<p><em>On the date of publication, Will Ashworth </em><em>did not have (either directly or indirectly) any positions in the securities mentioned in this article. </em><em>The opinions expressed in this article are those of the writer, subject to the </em>InvestorPlace.com<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/"><em> </em>Publishing Guidelines</a><em>.</em></p>
<div><p>Will Ashworth has written about investments full-time since 2008. Publications where he&rsquo;s appeared include InvestorPlace, The Motley Fool Canada, Investopedia, Kiplinger, and several others in both the U.S. and Canada. He particularly enjoys creating model portfolios that stand the test of time. He lives in Halifax, Nova Scotia.</p></div><h3>More From InvestorPlace</h3>
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<p>The post <a href="https://investorplace.com/2024/05/pifs-hidden-gems-3-stocks-to-buy-from-the-saudi-wealth-fund-not-named-lucid/">PIF&#8217;s Hidden Gems: 3 Stocks to Buy From the Saudi Wealth Fund (Not Named Lucid)</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.</p>

PIF's Hidden Gems: 3 Stocks to Buy From the Saudi Wealth Fund (Not Named Lucid)

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Costco Wholesale Corporation Announces Richard Galanti Will Step Down as CFO, Names Gary Millerchip New CFO

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Costco Wholesale Corporation Reports March Sales Results and Announces an Increase in Its Quarterly Cash Dividend

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Almacenes Exito S.A. American Depositary Share, each representing eight (8) Common Shares

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Costco Wholesale Stock (NASDAQ:COST), Short Interest Report

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